HomeMy WebLinkAbout894782THE STATE OF COLORADO
CITY AND COUNTY OF DENVER ]
KNOW ALL MEN BY THESE PRESENTS:
ASSIGNMENT OF OIL AND GAS LEASE
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· oo : 540 pa AC. 004
' RECEIVED
'LINCOLN oOJjNTY CLERK
030¢,T 28 9:19
JEANNE
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 ac ~knowledged, does hereby ASSIGN, TRANSFER, SET OVER and DELIVER unto CONDOR
EXPLORATION, LLC, at 7720 E. BELLEVIEW AVENUE, SUITE B-102, GREENWOOD VILLAGE, CO 801 ! 1, hereinafter
referred to as Assignee, all of Assignor's right, title and interest in and tO ihose certain Oil and Gas Lease located in Lincoln County,
Wyoming, more particularly identified and described as follows:
Lessor:
Julienne Harrower, a single woman
Lessee:
Baseline Minerals, Inc.
Date of Lease: August 28, 2003
Description: Township 23 North, Range 115 West, 6th P.M.
Section 26:N2N2
Recorded in Book ~O ~/-(~: , page O ! ., Document # F5 5/~-//~oF/ , Lincoln County, Wyoming
ASSIGNOR reserves to itself, its successor and assignees, an overriding royalty interest of an undivided 0.166667% of all the
oill gas, gas condensate, casinghead gas, and other liquid and gaseous hydrocarbons produced and saved from the assigned interest in
said lease during the terms thereof, including any extensions or renewals of said leases, which part 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 tbe 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 wmxants that there are no current burdens on said lease except those reflected. The interest
in production reserved as an overriding royalty is on the 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.
'~'~ ~q_ ESS ~REOR, Assign°r has caused this instrument t° be executed °n the 22"a day°f Oct°ber, 2003'
~.~ine Minerals' Inc'
STATE OF COLORADO ]
CITY AND COUNTY OF DENVER ]
This instrument was acknowledged before me this 22"a day of October, 2003, by Joseph W. Thames, President of Baseline Minerals,
Inc.
,'5'" ~-',
~/&./f. My Commission Expires: August 7, 2006
Notary Pu~lje'~' 'c·.
Stacie L. ~er. be~
1645 Cou~t:Place;,Suite 422
Denver, Ce