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Form 3~"la"
(January 19S8)
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FORM APPROVED
OMB NO. 1004-0034
Expires: September 30, 1998
TRANSFER OF OPERATING RIGHTS (SUBLEASE) IN A
LEASE FOR OIL AND GAS OR GEOTHERMAL RESOURCES
Boor6l6~_PRPAGE /05 _ Mineral leasing Act of 1920 (30 U.S.C. 181 et seq.)
Act for Acquired lands of 1947 (30 U.S.C. 351-359)
Geothermal Steam Act of 1970 (30 U.S.C. 1001-1025)
Department of the Interior Appropriations Act, Fiscal Year 1981 (42 U.S.C. 6508)
lease Serial No.
WYW-136361
1.
Transferee (Sublessee)*
Street
City, Slate, ZIP Code
Type or print plainly in ink and sign in ink.
PART A: TRANSFER
Intrepid Oil & Gas. l.L.C.
1801 Broadway, Suite 800
Denver, CO 80202
*If more than one transferee, check here 0 and list the name(s) and address(es) of all additional transferees on the reverse of this form or on a separate
attached sheet of paper.
This transfer is for. (Check One)
18I Oil and Gas Lease, or
o Geothermal Lease
Interest conveyed: (Check one or both, as appropriate)
[8J Operating Rights (sublease) 0 Overriding Royalty, payment out of production or other similar
interests or payments
2. This transfer (sublease) conveys the fallowing interest:
Land Description Percent of Interest Percent of
Additional space on reverse, if needed. Do not submit documents or agreements OWned Conveyed Retained Overriding Royalty
other than this form; such documents or agreements shall only be referenced or Similar Interests
herein. Reserved Previously
reserved
or conveyed
a b c d e f
See Exhibit "AU attached hereto and made a part hereof
. . It Is the intent of this assignment that The Wolf Haven Corporation
will deliver unto Intrepid 011 & Gas, L.L.C. an 84.00% net revenue
interest In this lease, retaining an overriding royalty interest equal to
the difference between 16.00% and all presently existing and
outstanding lease burdens which shall include lessor's royalty and all
overriding royalties or similar interests burdening the leasehold.
Subject to the terms and conditions of that certain Farmout with Option
Agreement dated May 8, 1998, by and between Enron Oil & Gas
Company, as Farmor, and Tom Brown, Inc., as Farmee, and Letter
Agreement dated April 20, 2001, by and between The Wolf Haven
Corporation and Intrepid 011 & Gas, L.L.C.
FOR BlM USE ONLY - DO NOT WRITE BELOW THIS LINE
THE UNITED STATES OF AMERICA
This transfer is approved solely for administrative purposes. Approval does not warrant that either party to this transfer holds legal or
equitable title to this lease.
o Transfer approved effective
By
(Authorized Officer)
(Title)
(Date)
-
--
-
-
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-
08'7:.f740
lOJ~
Part A (Continued): ADDITIONAL SPACE for Names and addresses of additional transferees in Item No.1, if needed, or for Land Description In Item No.2, If
needed.
STATE OF WYOMING
COUNTY OF LARAMIE
ss.
On this 24th day of April, A.D. 2001, before me personally appeared MARC RANDAL STRAHN. President of The Wolf Haven
Corporation, to me personally known, who, being by me duly sworn, did say that he is the President of The Wolf Haven Corporation and
that the seal affixed to said instrument is the corporate seal of said corporation and that said instrument was signed and sealed on behalf
of said corporation by authority of its Board of Directors, and said President aCknowledged said instrument to be the free act and deed of
said corporation. '
Witness my hand and seal this 24th day of April, A.D. 2001.
\b Cnn~-I)I O!Jrrv7LR1f
NOtary Public '-. I .
My Commission Expires:
;~"",'''./.~'':~~:''~;~~~AA{~">>
~~~NNA M. O'OONNtl:!:: NOTARY PUBLIC';?
~, COUNTY OF .., STATE OF ~
LARAMIE WYOMING t
MY COMMI551ON EXPlilES JUL. '~'.--~:03 ~~
r'~~~~':f~,~~~~~
Address: Cheyenne, Wyoming
PART B: CERTIFICATION AND REQUEST FOR APPROVAL
1. The transferor certifies as owner of an Interest In the above designated lease that he/she hereby transfers to the above transferee(s) the rights specified above,
2. Transferee certifies as fOllows:(a) Transferee is a citizen of the United States; an aSSOciation of such citizens; a municipalily; or a corporation organized
under the laws of the United States or of any State or territory thereof. For the transfer of NPR-A leases, transferee is a citizen, national, or resident alien
of the United States or association of such citizens, nationals. resident aliens or private, public or municipal corporations, (b) Transferee is not considered
a minor under the laws ofthe State in which the lands covered by this assignment are located; (c) Transferee's chargeable Interests, direct and indirect, in each
public domain and acquired lands separately in the same State, do not exceed 246,080 acres in oil and gas leases ( of which up to 200,000 acres may be
in oil and gas options), or 300,000 acres in leases in each leasing District In Alaska of which up to 200,000 acres may be in options, if this is an 011 and gas
lease Issued In ac;:cordance with the Mineral Leasing Act of 1920, or 51,200 acres in anyone State if this Is a geothermallease;and (d) All parties holding
an interest In the transfer are otherwise in compliance with the regulations (43CFR Group 3100 or 3200) and the authorizing Acts; (e) Transferee is In
compliance with redamation requirements for all Federal oil and gas lease holdings as required by sec. 17 (g) of the Minerai Leasing Act; and (f)
Transferee is not In violation of sec. 41 of the Minerall.easing Act.
3. Transferee's signature to this assignment constitutes acceptance of all applicable terms, conditions, stipulations and restrictions pertaining to the lease
described herein. Applicable terms and conditions indude, but are not limited to, an obligation to conduct all operations on the leasehold in accordarice
with the mrms and conditions of the lease, to condition all wells for proper abandonment, to restore the leased lands upon completion of any operations
as described in the lease, and to furnish and maintain such bond as may be required by the lessor pursuant to regulations 43 CFR 3104,3134, or 3206.
For geothermal assignments. an overriding royalty may not be less than one-fourth (1/4) of one percent of the value of output, nor greater than 50 percent of the
rate of royally due to the United States when this transfer is added to all previously created overriding royalties (43 CFR 3241).
I certify that the statements made herein by me are true. complete, and correct to the best of my knowledge and belief and are made in good faith.
Executed this 24th
dax of April
,20
01
Executed this
day of
,20 01
Name of Transferor
Intrepid Oil & Gas, L.L.C.
Transferor
or
Attorney-In-fact
President
No Attest Required
Transferee
or
Attorney-In-fact
P.O. Box 2480
,,1\ I I"', "" (Transferor's Address)
Che en e;' :It!etr.t "~"~
....... I" ~ . , . ""... (State) (Zip Code)
~~ :.' It:~ , ~'. \. BURDEN HOURS STATEMENT
~ L!,J. c;, '. (!) ;'.
PUblit~rtirj:bu~n ~iS fO~ ill estimated to average 30 minutes per response, induding the time for reviewing instructions, gathering and maintaining data, and
comlile!lDg,a~ev'wi~U1e fatm. Direct comments regarding the burden estimate or any other aspect of this form to U.S. Department of the Interior, Bureau of Land
Manaie~n1, ~ltern~Bure~-'Glearance Officer, (DW-11o), Denver Federal Center, Building 40, P. O. Box 25047, Denver, CO 80225-0047, and the Office of
Manag~ 'aJ)d Budget, P.a' ", olk Reduction Pro'ect (1004..Q034 . Washln ton, D.C. 20503
Title 18 .So/.~'IS~'i1Q01 makes It a crime for any person knOWingly and willfully to make to any Department or agency of the United States any false, fictitious,
or fraudulent 'f2ltelili.o~:orrepresentatlons as to any matter within its jurisdiction.
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.1. (
ACKNOWLEDGEMENT
STATE OF COLORADO
)
CITY AND COUNTY OF DENVER)
On the 30th day of April, 2001, personally appeared before me Robert P. Jornayvaz III
who being by me duly sworn did say that he is the Attorney-in-Fact for Intrepid Oil & Gas, LLC,
and is authorized to execute this assignment.
Witness my hand and official seaL
My Commission Expires: 9/28/01
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Address: 1801 Broadway, Suite 800
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