HomeMy WebLinkAbout875236 ASSIGNMENT OF OIL AND GAS LEASE
THE STATE OF COLO~DO ]
CITY AND CO~TY OF DENVER ]
[
~B O OK_¢_TQPR PA GE~_ _4. ~
KNOW ALL MEN BY THESE PRESENTS:
T~T, BASEL~E M~E~LS, INC., at 1645 COURT PLACE, SUITE 422, DE~ER, CO
80202, hereinafter referred to as Assignor, in consideration of the sum ofTen 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
EXPLO~TION, ELC, at 7720 E. BELLEVIEW AVENUE, SUITE B, ENGLEWOOD, CO 80111,
hereinafter referred to as Assignee, all of Assignor's right, title and interest in and to those ce~ain Oil and
Gas Leases located in Lincoln County, Wyoming, more pa~icularly identified and described as follows:
SEE ATTACHED EXItIBIT "A"
ASSIGNOR reserves to itself, its successor and assignees, an overriding royalw interest of an
undivided 0.5000% 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 terms thereof,
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 Assigflee, market value for the interest in production owned by Assignor shall be the
price realized by Assignee for its potion of the production sold in an arm's len~h competitively
negotiated contract of sale, including. Assignor's pa~ of the net realization for plant products, when and if
gas production is processed. The overriding royalW interest reserved by Assignor shall be free and clear
of all costs of explpring, 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 current burdens on said lease except those reflected. The interest
in production reserved as an overriding royalw 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, theinterest in production reserved herein as an
overriding royalty Shall be propmXionately reduced.
THIS Assigpment is made without warranW or' recourse ofony kind,..expresse3 6r 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.
~ WF~ESS WHE~OR, Assignor has caused this instrumbnt to be executed on the 19th day of
July, 2001.
~,..~Presiden - Baseline Minerals, Inc.
STATE OF COLORADO ]
CiTY AND COUNTY OF DENVER ]
This i!!fs, trkt~ent was acknowledged before me this 19th day of July, 2001, by Joseph W. Thames,
Preslde~.t 'df,~Baseline Minerals, Inc.
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