HomeMy WebLinkAbout875237 ASSIGNMENT OF OIL AND GAS LEASE
THE STATE OF COLORADO ] ~'~' 1:'
LI~.ICOLt..~ (',OUt~lY,/ CLERK
KNOW ALL MEN BY THESE PI~SENTS: ......
THAT, BASELINE M~NERALS, INC.,'at ~645 COURT PLACe, SUITE 422, aNVE , CO g ual ora q q , ; drd to
as Assignor, in consideration of the sum of Ten and no/100 Dollars ($I0.0~), cash in hand paid, and other valuable
receipt and adequacy of which is acknowledged, does hereby ASSIGN, TRANSFER, SET OVER and DELIVER unto CONDOR
EXPLO~TION, LLC, at 7720 E. BELLEVIEW AVE~E, SUITE B, ENGLEWOOD, CO 80111, hereinaaer referred to as
Assignee, all of Assignor's right, title and interest in and to those certain Oil and Gas Lease located in Lincoln County, Wyoming,
more pa~icularly identified and described as follows:
Lessor: William Ronald Davison and Kathleeh Ann Davison, husband and wife
Lessee: Baseline Minerals, Inc.
' ' nOOKa~O 5 4
Date of Lease: February 21, 2001 PRPAGE
Description: Township 20 No~h, Range 115 West, 6d' P.M.
Section 6: Lots 1 (31.12), 2 01.11), 3 0 1.10), 4 02.fl5), 5 (42.04), 6 (41.95), E2SW,
NWSE
Township 21 Nm~h Range, 115 West, 6th P.M.
Section 34: SE lying Sou~h of the centerlin~ of the Oregon Sho~ Line Railroad Company,
and the SESW
Recorded in Book 468, Page 89, Document ~87d~3, Lincoln County, Wyoming
ASSIGNOR reserves to itseff, its successor and assignees, an overriding royalty interest of an undivided 0.4333~% 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 hydr%arbons produoed and saved shall be, at the option o~production sold by Assignee,
market value for the interest in' production owned by Assignor stroll be the price realized by Assignee for its poaion of the production
sold in an arm's length competitively negotiated contract of sale, including Assignor's paa of the net realization for plant products,
when and if gas production is processed. The overriding 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 part 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 ove~iding royalty is on the basis of said lease covering a ~ll 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 ove~iding royal~ shall be proportionately reduced.
THIS Assignment is made without warranty or recourse of any k~nd, expressed or implied, and is made subject to all existing
royalties, overriding royalties and any other lease burdens, which shall be borne by ~ssignee to the extent of the interest herein
assigned.
IN WITNESS WHE~OR, Assignor has caused this instrument to be executed on the 19th day of July, 2001.
Jo~T~
STATE OF COLORADO ]
CITY AND .COUNTY OF DENVER ]
This instn~nt ~aS acknowledged before me this 19th day of July, 2001, by Joseph W. Thames, President of Baseline Minerals, 'inc.
[ ¢~' ~ ' ~ My Commission Expires: ~ ~:)Z.