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Home My WebLink About888182Effeclive 11/86 Form ML-2 (Revised 4-96) Filing Fee - $25.00 Non-Refi~ndable State of Wyoming Board of Land Commissioners Oil & Gas Lease Interest Assignment Return to: State Land & Farm Loan Office 122 West 25th Street Hersclder Building, 3 West Cheyenne, WY 82002-0600 Wyoming Oil & Gas Lease Serial Number ASSIGNOR, with name and address at, 98-00260 Assigrunent Approval Date Petral Exploration, LLC PO Box 5083 Denver, CO 802"17-5083 being the owner of 100% percent LEASEHOLD (Type Interest: LeasehokUOperating Rights/Overriding Royalty) interest in this lease, described in particular if less than the total leasehold as: Township 19 North. Range 116 West. 6~s P.M, - . Section 36: All .BOOK514 PRPAGEI~0 ~ Cotmty,' Wyoming __ Conlaining 640 acres, more or less For good and valuable consideration, hereby assigns to: ********************************************************************* RECEIVED I) ASSIGNEE, w;th name and address at: L I N C 0 L N C 0 U ~,i T Y C L E R K Condor Exploration, LLC 7720 East Belleview Avenue, Suite B-102 Greenwood Village, CO 80111 888182' 100% * percent interest in the total leasehold, or as described in particular above. *It is the intent of the Assignor to convey to the Assignee an 81.25% NRI. 2) ASSIGNEE, with name and address at: i ~ percent interest in the total leasehold, or as described in particular above. 3') ASSIGNEE, with name and address at: 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: percent interest in the total leasehold, or as described in particular above. Eiltry N°. ~///-L~-zL~Doolk_ Fee LYNNE D. FO,,, U NTA COUNTY CLERK Indexed -'/AbstractS/& j]ecord~d ,/~ and reserving unto'ASSIGNOR, _ This assignment is snbject to any existing oven-iding 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 canceled by the Board of Land Cormnissioners if it f'mds 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(les) 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. This form may be duplicated. If space is needed for additional assignors or assignees submit copies of this form only· Page· 1 of 1 of Lease # 98-00260 assignment aare. a · C 363 SIGNED AS TO TRANSFEK AND ACCEPTANCE this Title - President of Captiva Resources, LLC as Manager of Petral Exploration, LLC Attest - Assignee (1) - Conjlor,,Exploration, LJz~ By- Nixon R.2ange F7t' Title - Manager ' /,~" / 20 Attest - Assignee (2) - By- Title - Attest - REASSIGNMENT RIDER ATTACHED TO WYOMING STATE LEASE 98-00260 In the event Assignee desires to surrender said lease as to all or any part of the acreage covered thereby, said Assignee agrees to notify Assignor by registered mail, at least seventy-five (75) days in advance of the anniversary date specified in said lease, and Assignor hereunder shall then have Sixty (60) days after receipt of such notice within which to elect to take a reassignment of said lease as to the portion thereof to be relinquished. Should Assignor hereunder elect to receive such a reassignment same will be delivered by Assignee prior to the anniversarY date of the lease. STATE OF COLORADO CITY AND COUNTY OF DENVER // , This instrument Was acknowledged before me this 2x.~ d~ag/of/~, 20021 by Anthony R. Mayer, President of Captiva Resources, LLC as Manager of Petral Exploration, LLC. - ' d~ ~ ... My Commission Expires: . 3/9/05 PuNic -S. L. Pacheco .... ' : , :':-:,.'CO !~',~;i' , :,.' . ~,3; }%: '. ','*,..,.,,. ~,,,: ,-:.% i.: x.,. /'. ,5 ' ' L'~ ~ . ' t") ".. ' ' ~..I: [:', i" O,x,. Assignme'nt Requirements Note: Assilmments are not valid until approved by the Director, State Land and Farm Loan Office as per State Oil & Gas Lease Terms, and approval is so1¢1¥ for adimnistrative purposes and should not be interpreted as warranty that any party to tiffs assigmnent bolds legal or equitable interest in this lease. Assignments winch do not meet Ihe requirements listed below and those in the Lease and Rtdes will be returned anapproved. 1. This form must be completed and subnfftted for any assigmnant of State Oil & Gas Lease leasehold interest, andivided or divided as to separale tracts, formations, zones or deposits, and for overriding royalty interest. 2. Assigmnents of less than a 100% leasehold interest, do not relieve the assignor of the obligations as a lessee trader the terms of the lease regariling tl~e interest conveyed tml*es~ the State first has in band, a written agreement to b~ bmmd as lessee for all obligations nnder the lease for the assigned porlion from the assignee. This requirement should not be construed in any way as a release or recision of lhe obligations of any surety bonding parties trader the reqnh'ements of the State Oil and Gas Lease, Board Rtdes or tiffs assignment. (All lessees are ultimately responsible for the performance under the lease, and default subjects the entire lease to forfeitttre not just Ibc interest related to any peffonnarme obligation considered to be in default.) 3. A signed original and one copy of each assignment must be filed wilh the Wyoming State Land and Farm Loan Office. 4. Each assignment, if approved, is recognized by the State as effective as of tbe date of approval by tbe Direclor. Adequate bond must be fiwnished covering any and all productive zones prior to approval of any assigmnent of interest in an operating State oil and gas lease, whefl~er wellbores exist On the leased lands or'not, and in no case can drilling operations, including to prospectively productive zones trader operating leases, begin without a bond first being in place. 5. ff lhere is more than one party in interest to this assigmnent, then all anch parties in interest must sign lhe doi:mnenl before assignment approval will be given. - 6. The appropriate legal description of the conveyed lands interest must be given. 7. Assigmnents creating a separate (reissue) lease subject to the niles and regulations governing all State of Wyoming Oil & Gas Lease do not change the terms and conditions of the original lease, the lease anniversary date, nor the obligations and anniversary date of the lease created therefi-mn being considered as ifit had been issued on the effective date of the original lease. (See Board Rules, Chapter 6, Section A.) 8. Corporations, Ihnited liability companies, and limited partnerships mast be qualified with the Wyoming Secretary of States Office, and general pam~erslfip papers are reqtdred to be filed wifl~ the State Land and Farm Loan Office prior to, and as i condition of Board approval of any assignment. 9. Assigmnents will not be considered for approval where assignor or any assignee corrently has a delinquent (late) royalty or rental payment obligation(s) for any State substuface resource lease.