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STATE OF WYOMING
BOARD OF LAND COMMISSIONERS
OIL & GAS LEASE INTEREST ASSIGNMENT
Return To
State Land & Farm Loan Office
122 West 25th Street, 3 West
Herschler Building
Cheyenne, WY 1 82002-0600
Effective 11 -86
Form ML-2
(Revised 4-96)
Filing Fee - $25.00 - Non
Refundable
Wyoming Oil & Gas Lease Serial Number 07-00177 Assignment Approval Date -
APPROVED
IJAN 1 5 1008
ASSIGNOR, with name and address at,
Energy West Corporation
P.O. Box 1441
Denver, CO 80201-1441
being the owner of 100.00 percent Leasehold and Operating Rights
(Type Interest: Leasehold & Operating Rights)
interest In this lease, described in particular if less than the total leasehold as:
Township 23 North. Range 118 West 6th P.M.
Section 10: SE/4SE/4
Section 11: SW/4SE/4
Section 14: SW/4SE/4
For good and valuable consideration, hereby assigns
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Containing 120.0000 acres
Lincoln County, Wyoming
1} ASSIGNEE, with name and address at: Fortuna (US) LP.
Suite 3400,888 3rd Street S.W.
Calgary, Alberta Canada T2P 5C5
100.00 percent interest in the total leasehold, or as described in particular above.
2} ASSIGNEE, with name and address at:
percent interest in the total leasehold, or as described in particular above.
3} ASSIGNEE, with name and address at:
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percent interest in the total leasehold, or as described in particular above.
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percent interest in the total leasehold, or as described in particular?above.
4) ASSIGNEE, with name and address at:
percent interest in the total leasehold, or as described in particular above.
5} ASSIGNEE, with name and address at:
And reserving unto ASSIGNOR, None.
This assignment is subject to any existing overriding royalties previously reserved. Reservations of overriding interests
must be approved by the Director, and any such approval is subject to the condition that overriding royalties may be
cancelled by the Board of Land Commissioners if it finds that such overriding royalties create a burden on the lease which
prevents or unreasonably interferes with its development.
ASSIGNOR certifies by signature on reverse, that ASSIGNOR is the owner of the interest above herein transferred, and
ASSIGNEE{S) certify(ies) by signing on the reverse that this assignment constitutes a binding acceptance of all the terms,
conditions, stipulations, restrictions and statutes governing the lease described above, and of the Rules of the Board, at
Chapter 6, Leasing of Subsurface Resources.
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This form may be duplicated. If space is needed for additional, assignors or assignees submit copies of this form only.
Page 1 of 2 of Lease 07-00177 assignment dated March 13,2007.
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802-008
EXHIBIT "A"
ATTACHED TO AND MADE A PART OF THAT CERTAIN OIL & GAS LEASE INTEREST ASSIGNMENT
FOR LEASE 07-00177 DATED MARCH 13,2007, FROM ENERGY WEST CORPORATION, ASSIGNOR, TO
FORTUNA (US) LP., ASSIGNEE.
OOu681.
This Assignment of Record Title is made effective as of March 1, 2007. It is agreed between Assignor
and Assignee that this Assignment is made without any covenants or any warranties, either expressed or
implied. By acceptance of this assignment and payment for the Leases described herein Assignees agree to
assume any and all liabilities and responsibilities contained in said Leases or created by the existence of said
Leases, and further, Assignee shall assume all risk, liability, and obligations in connection with or related to
ownership and operation of the Leases and the lands covered thereby, and shall indemnify and hold harmless
Assignor, its officers, directors, employees and agents, from and against all losses, liabilities, damages,
demands, suits, claims, and causes of action arising out of or related to the ownership and operation of the
Leases and the lands covered thereby_ Additionally, Assignees, by acceptance of this Assignment, hereby
assumes and agree to pay, perform or carry, as the case may be, all existing royalties, overriding royalties,
including, but not limited to, the overriding royalty reserved herein, if any, rentals, production payments, other
payments out of or with respect to production and all other lease burdens to the extent of its interest in said
Leases.
The provisions hereof shall extend to and be binding upon the heirs, personal representatives,
successors and assigns of Assignees.
Signed for identification:
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ASSIGNEE:
Fortuna (US) LP.
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O' rict Manager
r-Jorth American Foothills Exploration
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Senior Manager, Land
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