HomeMy WebLinkAbout886192ASSIGNMENT OF OIL AND GAS LEASE
THE STATE OF COLORADO ]
CITY AND COUNTY OF DENVER ]
886192
RECEIVED
LINCOLN COUN'rY CLERK
KNOW ALL MEN BY THESE PRESENTS: dZ;F~t,J ',j~' ,.,/.,:v..,p!
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 7720 E. BELLEVIEW AVENUE, SUITE B-102, GREENWOOD VILLAGE, CO 80111, hereinafter
referred to as Assignee, all of Assignor's right, title and interest in and to those certain Oil and Gas Lease located in Lincoln County,
Wyoming, more particularly identified and described as follows:
Lessor:
Lessee:
Wayne H. Carlisle and Charlotte M. Carlisle, as Trustees for the Carlisle FamilY Revocable Trust
Baseline Minerals, Inc.
Date of Lease: March 21, 2001
~ (' Description: Township 21 North, Range 115 West, 6t~ P.M.
[~. Section 34: Part of the NW lying North of the centerline of the Oregon Short Line Railroad
Recorded in Book 470, Page 541, Document #875234, Lincoln County, Wyoming
ASSIGNOR reserves to itself, its successor and assignees, 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 lease during the tenns thereof, including any extensions or renewals of said leases, which pan of such oil, gas, gas condensate,
casinghead gas and other liquid and gaseous hydrocarbons produced and saved shall be, at the option of 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 ann'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 roy~alty 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 pan of all taxes and assessments levied upon or against or measured by
such production. Assignor represents and warrm~ts flint fl~ere are no current burdens on said lease except those reflected. The interest
in production reserved as an overriding royalty is on fl~e basis of said lease 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 without 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 Assignee to the extent of the interest herein
assigned.
/ WITNESS W/0~E caused this instrument to be executed on the 8th day of November, 2002.
REOR, Assignor has
/ ~ Basehne Minerals, Inc ....
STATE OF COLORADO ]
CITY AND COUNTY OF DENVER ] ,' .,
This instrument was acknowledged before me tiffs 8th day of October, 2002, by Joseph W. Thames, President of Basel~ M/iierals,
Inc.
Notary Public
My Commission