HomeMy WebLinkAbout875235 ASSIGNMENT OF OIL AND GAS LEASE
THE STATE OF COLORADO ] 8 7 5 2 3 5 ..... '" l"' "') l"t )'J 'r ~'
CITY AND COUNTY OF DENVER ]
KNOW ALL MEN BY THESE P~SENTS:
THAT, BASEL~E MINE~LS, ~C., at 1645 COURT PLACE, SUITE 422, DENVER, CO 80202,
hereinaher referred to as Assignor, in consideration of the sum ofTen and no/100 Dollars ($10.00), cash i~hand
paid, and other valuable consideration, the receipt and adequacy of which is acknowledged, does hereby ASSIGN,
T~NSFER, SET OVER and DELIVER ~to CONDOR EXPLORATION, LLC, at 7720 E. BELLEVIEW
AVENUE, SUITE B, ENGLEWOOD, CO 80111, hereina~er refe=ed to as Assignee, all of Assignor's right, title
and interest in and to thosc ce~ain Oil and Gas Lease located in Lincoln County, Wyoming, more particularly
identified and described as folIows:
Lessor: M. Grace Marland, a single woman
Lessee: Bas~line Minerals, Inc.
Date of Lease: Janua~ 28, 2001
Description: Town~3 North, Range 115 .West, 6th P.M.
Section 26:N2N2 -
Recorded in Book 468, Page 85, Document ~874331, Lincoln County, Wyoming
ASSIGNOR reserves to itself, i{s 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 fi'om the assigned interest in said lease during the te~s thereo~ including any extensions or renewals of
' said leases, which pa~ 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 ~rice realized b A ' · '
arm's length competitively ne~tb,~a ~Z_,~ ....... y,. ss~ne~ for ~ts pomon of the production sold in an
- , , = ........ unuuct oxsaie, mciumng Assignor's pa~ of the net realization for plant
products, when and if gas production is processed. The ove=iding royalty interest reserved by Assignor shall be
flee 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 pa~ of all
taxes and assessments levied upon or against or measured by such production. Assignor represents and warrants
that there are no cu~ent 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,shgll be proportionately reduced.
THIS Assignment is made without wa=anw or recourse of any ki~d, 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.
IN WITNESS WHE~OR, Assignor has caused this instrument to be executed on the 20th day of July,
STATE OF COLORADO
CITY AND COUNTY OF DENVER
T ~l.,.h.,.~,. nenfwas acknowledged before me this 20th day of July, 2001, by Joseph W. Thames, President of
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