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HomeMy WebLinkAbout888183Effective 11/86 Form ML-2 (Revised 4-96) Fihng Fee - $25.00 Non-Refundable Wyoming Oil & Gas Lease Serial Number State of Wyoming Board of Land Commissioners Oil & Gas Lease Interest Assignment 98-00260 Assigmnent Approval Date Return to: State Land & Farm Loan Office 122 West 25th Sixeet Hersclder Building, 3 West Cheyenne, WY 82002-0600 ASSIGNOR, with name and address at, Condor Exploration, LLC 7720 E. Belleview Avenue, Suite B-102 Greenwood Village, CO 80111 1i 111.549 being the owner of 100% percent Leasehold (Type Interest: Leasehold/Operating Rights/Overriding Royalty) interest in this lease, described in particular if less than the total leasehold as: Township 19 North, Range 116 West, 6th P.M. Section 36: All BOOK SlUR PACE I 6 2 ~ County, Wyoming 640.00 acre more or less For good and valuable consideration, hereby assigns to: ****************************************************************** LINOOLN COUNTY CLERK 1) ASSIGNEE, with name and address at: Denver, CO 80202 , . .. .... ':" :.: " 0.10000% Overriding Royalty Interest Only 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: 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: ~.try No. l//Sq?rcook, Fee LYNNE D. FOX, UiNTA COUNTY CLERK Indexed_./Abstract percent interest in the total leasehold, or as described in particular above. and reserving unto ASSIGNOR 100% Leasehold 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 canceled by the Board of Land Commissioners 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(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. 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 # 98-00260 assignment dated January 28, 2003 ASSIGNOR- cOndO~ By- Title er Title'- President Attest - Attest - Assignee (2) - By- Title - Attest - STATE OF COLORADO CITY AND COUNTY OF DENVER This lent was ~efore me this 30th day of January, 2003, by Nixon R. Lange, Ma~,ger of Condor Exploration, LLC. My Commission Expires: Assignment Requirements Note: Assignments are not valid until approved by the Director, State Land and Farm Loan Office as per State Oil & Gas Lease Terms, and approval is solely for admmisla'ative purposes and should not be interpreted as warranty that any party to this assignment holds legal or equitable interest in this lease. Assigltments which do not meet the requkements listed below and those in the Lease and Rules will be returned unapproved. 1. This form must be cmnpleted and submitted for any assigmnent of State Oil & Gas Lease leasehold interest, andivided or divided as to separate tracts, formations, zones or deposits, and for overriding royalty interest. 2. Assignments of less than a 100% leasehold interest, do not relieve the assignor of the obligations as a lessee under tlie terms of the lease regarding the interest conveyed unless the State first has in hand, a ,.mt:ten agreement to be bound as lessee for all obligations under the lease for the assigned portion from the assignee. This requirement should not be construed th any way as a release or recision of the obligations of any surety bonding parties under the requirements of the State Oil and Gas Lease, Board Rules or this assignment. (All lessees are ultimately responsible for the performance under the lease, and default subjects the entire lease to forfeiture not just the interest related to any performance obligation considered to be in default.) 3. A signed original and one copy of each assignment must be filed with the Wymning State Land and Farm Loan Office. 4. Each assignment, if approved, is recogmzed by the State as effective as of tbe date of approval by the Director. Adequate bond must be furnished covehng any and all productive zones prior to approval of any assignment of interest in an operating State oil and gas lease, whether wellbores exist on the leased lands or not, and in no case can drilling operations, including to prospectively productive zones tmder operating leases, begin without a bond first being in place. 5. If there is more than one party in interest to this assignment, then all such parties in interest must sign the document before assignment approval xvill be given. : " 6. The appropriate legal description of the conveyed lands interest must be given. 7. Assignments creating a separate (reissue) lease subject to the roles and regulations governing all State of Wyoming Oil & Gas Lease do not change the terms and conditions of the ohginal lease, the lease anniversaD, date, nor the obligations and anniversary date of the lease created therefrom being considered as if it had been issued on the effective date of the original lease (See Board Rules, Chapter 6, Section A.) 8. Corporations, litnited liability companies, and Itinited partnerships must be qnalified with the Wyoming Secretary of States Office, and general parmership papers are required to be filed with the State Land and Farm Loan Office prior to, and as a condition of Board approval of any assignment. 9. Assignments ~ill not be considered for approval where assignor or any assignee currently has a delinquent (late) royalty or rental payment obligation(s) for any State subsurface resource lease.