HomeMy WebLinkAbout870118Form Approved by the Board
and Effective January 6, 1998
Records T OX, *t a /22'i
in Book JF► t P„ r j D 8 4 Kemmerer, WY
No. i -4 Jeanne Wagner, Clerk
STATE OF WYOMING
OIL AND GAS LEASE FORM
This indenture of lease entered into by and between the State of Wyoming, acting by and through its
Board of Land Commissioners, as lessor, and
Baseline Minerals, Inc. as lessee.
WITNESSETH:
LEASE NO. 1 6' a 0 1 f
PARCEL NO. OTC
FUND Common School
Section 1. PURPOSE. The lessor, in consideration of the rents and royalties to be paid and
the covenants and agreements to be kept and performed by lessee, does hereby grant and lease to the
lessee, the exclusive right to drill for, mine, extract, remove, and dispose.of all the oil, gas and
associated hydrocarbon substances and gaseous substances and elements produced therewith, including
sulphur, hydrogen sulfide, sulphur dioxide, nitrogen, carbon dioxide and helium, which may be
produced from the following described land, to wit:
480.14 Acres Tract 52(formerly N2:SE Section 3) Resurvey Township 22 North, Range 119 West, 6 P.M.
County
($1.00 per acre or fraction thereof)
Together with the right of ingress and egress and the right to use so much of the surface of
said lands as is necessary to construct and maintain thereupon all works, buildings, plants,
waterways, roads, communication lines, pipe lines, reservoirs, tanks, pumping stations, or other
facilities necessary to the proper conduct of operations thereunder.
Section 2. TERM OF LEASE. This lease shall become effective on the day and year set out below
and shall remain in effect for a primary term of five (5) years and for so long thereafter as leased
substances may be produced from the lands in paying quantities. This lease may also be extended
beyond its primary term in the absence of production of leased substances as may be provided by the
statutes of the State of Wyoming and the regulations of the Board of Land Commissioners adopted
pursuant thereto, provided, if drilling, completion, testing or reworking operations are being
diligently conducted, either during the primary term or during any extension thereof, this lease
shall continue in full force and effect so long as such operations are being conducted and so long
thereafter as oil or gas may be produced in paying quantities. This lease may be relinquished or
terminated at an earlier date as herein provided.
Section 3. If the lessor owns an interest in oil and gas in said land less than the entire fee
simple estate, then the royalties and rentals to be paid lessor shall be reduced proportionately.
Section 4. Lessee expressly represents that, if an individual, lessee is a citizen of the
United States, or has declared an intention to become a citizen, and is over 19 years of age -and if a
corporation, is duly qualified to transact business in Wyoming.
Section 5. This lease is issued under the authority conferred by Title 36, W.S. 1977 as to the
State and School Lands, and Title 11, W.S. 1977 as to Farm Loan lands, and shall be subject to and
operations by lessee hereunder shall be conducted in compliance with the specific lease terms set out
on the reverse of this lease, and with all applicable state statutory requirements and the
regulations issued thereunder, including those providing for: the leasing of State or Farm Loan Lands
for oil and gas; the conservation of oil and gas; and the regulation of security transactions.
Section 6. HEIRS AND SUCCESSORS IN INTEREST. It is covenanted and agreed that each obligation
hereunder shall extend to and be binding upon, and every benefit thereof shall inure to the heirs,
executors, administrators, successors of, or assigns of the respective parties hereto.
Section 7. SOVEREIGN IMMUNITY. The State of Wyoming and the lessor do not waive sovereign
immunity by entering into this lease, and specifically retain immunity and all defenses available to
them as sovereigns pursuant to Wyoming Statute 3 1- 39- 104(a) and all other state laws.
IN WITNESS WHEREOF, this lease has been executed by lessor and lessee to become effective on
the 2nd day of October 20 00 A.D.
Lincoln Total Acres 480.14 Advance Rental 481.00
LESSOR, STATE OF WYOMING, Acting b s Boa of Land Commissioners.
By:
Dir ctor,
Office of
LESSEE:
Address:
City: Denver
(Zip) 80202
Ra -1 np MinPral s, Tnr. her joceph W. Thames
1645 Court Place, Suite 422
C' Telephone 303 534 -3628
State: CO
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i
Before any road, building, drilling pad construction, building construction or other earth moving activities
commence, plans for such activities (including maps) must be submitted for prior approval by the Office of State
Lands and Investments or his designated representative.
The collection of fossils from this land is prohibited. Any fossils found on this land must be safeguarded by
the finder and given to the Office of State Lands and Investments or his designated representative as soon as
practicable after their discovery.
586