HomeMy WebLinkAbout870107THE STATE OF COLORADO
CITY AND COUNTY OF DENVER 1
KNOW ALL MEN BY THESE PRESENTS:
THAT, BASELINE MINERALS, INC., at 1645 COURT PLACE, SUITE 422, DENVER, CO 80202,
hereinafter referred to as Assignor, in consideration of the sum of Ten and no /100 Dollars ($10.00), cash in hand
paid, and other valuable consideration, the receipt and adequacy of which is acknowledged, does hereby ASSIGN,
TRANSFER, SET OVER and DELIVER unto CONDOR EXPLORATION, LLC, at 7538 SOUTH SALIDA
COURT, AURORA, CO 80016, hereinafter referred to as Assignee, all of Assignor's right, title and interest in
that certain Oil and Gas Lease located in Lincoln County, Wyoming, more particularly identified and described as
follows:
Lessor:
Harry Russell Marland and Elaine Marland, husband and wife; Russell David Marland, a
single man; Annette Elaine Marland now known as Annette Elaine Casey and Tom
Casey, wife and husband; Mark Van Marland, a single man; Charlene Marland, a single woman
Lessee: Baseline Minerals, Inc.
Description: Township 23 North, Range 115 West, 6 P.M.
Section 26: N2N2
Recorded in Book 455, Page 524, Document #869653, Lincoln County, Wyoming
ASSIGNOR reserves to itself, its successor and assigns, an overriding royalty interest of an undivided
0.50000% of all the oil, gas, gas condensate, casinghead gas, and other liquid and gaseous hydrocarbons produced
and saved from the assigned interest in said leases during the terms thereof, including any extensions or renewals
of said leases, which part of such oil, gas, ;;as condensate, casinghead gas and other liquid and gaseous
hydrocarbons produced and saved shall be, at the option of Assignor, either delivered to Assignor in kind or the
market value thereof paid to Assignor. As to production sold by Assignee, market value for the interest in
production owned by Assignor shall be the price realized by Assignee for its portion of the production sold in an
arm's length competitively negotiated contract of sale, including Assignor's part of the net realization for plant
products, when and if gas production is processed. The overriding royalty interest reserved by Assignor shall be
free and clear of all costs of exploring, drilling for, producing, separating, treating, and marketing such oil, gas,
gas condensate, casinghead gas and other liquid and gaseous hydrocarbons, but shall bear its proportionate part of
all taxes and assessments levied upon or against or measured by such production. Assignor represents and
warrants that there are no current burdens on said leases except those reflected. The interest in production
reserved as an overriding royalty is on the basis of said leases covering a full mineral interest and Assignor
holding all leasehold rights therein. In the event that any of said leases or Assignor's interest therein does not
cover a full mineral interest, the interest in production reserved herein as an overriding royalty shall be
proportionately reduced.
THIS Assignment is made withor t warranty or recourse of any kind, expressed or implied, and is made
subject to all existing royalties, overriding royalties and any other lease burdens, which shall be borne by
Assignees to the extent of the interest herein assigned.
WITNESS W REOF, Assignor has caused this instrument to be executed on the 27th day of
Nov: ber, 20
W. ames, President
e Minerals, Inc.
STATE OF. COLORADO
k.
CITyAND COUNTY OF DENVER
This instrument was acknowledged before me this 27th day of November, 2000, by Joseph W. Thames, President
of Bhseliiie, M,ine5als; Inc.
otary Public
J
ASSIGNMENT OF OIL AND GAS LEASE
Recorded ti ir. at .L e..CM
in Book (1:5 Page 3 Kemmerer, WY
No. U:'`: ":..U Jeanne Wagner, Clerk
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