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Home My WebLink About20061718 1 sac s gile- ' 0 MP" MN' Lie Co OCFICE ROCK r; . o mtth;°MCI s0$W f llUawnfn ih Suirc 350 124 invcs't,as Drak Eta SzSe 270 liakemield, CA f UM 1 ' %rgrek r? CO 50112 P.O Ben21.974 . Idat.',• /d�'It�'. 'i .�3y/f.c .. �y- ,✓f COr eQ:a . 4 CO•Of ht . 66 P633.2 730 ra, i,61/83S-.: Office:: i August 31, 2.005 Mr. Lee Morrison Assistant County Attorney Weld County 915 10th Street, 3rd Floor Greeley, CO 80631 RE: Approval of Assignments of O11 and Gas Leases CFG Energy, Inc/Bonanza Creek Operating Company, LLC Dear Mr. Morrison: Pursuant to Article 9 under the leases, Bonanza. Creek Operating Company, LLC heresy requests your I` written approval and consent of the assignment from CFG Energy, Inc. to Bonanza Creek Operating yitI A Company of the f ollow nit Weld County Oil and Gas L 4 ,Leases: i 1) Oil and Gas Lease dated November 5, 2003, between Weld 'County, Colorado, a political. '> , subdivision of the State of Colorado, acting by and through the Board of County Cor�m�.issioners l l of the County of Weld, for its respective interests, do Board of County Commissioners, Lessor co r1 and CFO Energy„ Inc., Lessee, covering Section 4: Lot 3 and SE1/4MW 1/4; Ei2 SW/4, T5N, ' ' �vec R61W and recorded January 12 2004 -#3143332, Weld County Records. I'? , ri 2) Oil and Gas Lease dated November 5, 2003, between ' Veld County, Colorado, a political 1- 0t fia led b �.-c, a ° subdivision of the State of Colorado, acting by and through the Board of County Commissioners 5 I p1 �` of the County of Weld, for its respective interests, c/o Board of County Commissioners, Lessor and CFG Energy, Inc., Lessee, covering Section 9: NWI/4, TSN, R61W and recorded January 6. 2004 #3141448, Weld County Records. ev t 4Oil and Gas Lease dated July 9, 2003, between Weld County, Colorado, Lessor and El Camino u, tif ,..i 10 19 esources and Raymond A. Tonella, Lessee, covering Section 15: NW/4, TSN. R61W and *11°v 13 recorded August 18, 2003-#3096555, Weld County Records, 4.4w'w Oil and Gas Lease dated July 9, 2003. between Weld Count- , Colorado. Lessor and El Camino Resources and Raymond,l A. Tonella, Lessee, covering Section iS: SE/4, T5N, R61W and C..., ,'. t-c r recorded August 1.8, 2003 #3096556, Weld County Records. i' h`133a `".` ,. 005) Oil and Gas Lease dated July 9, 2003, between Weld County, Colorado, Lessor and El Camino 7' 6.0 I D Resources and Raymond A. Tonella, Lessee, covering Section 21 : NE/4, T5N, R61W and recorded August 18, 2003 #3096557, Weld County Records. ', 6) Oil and Gas Lease dated July 9, 2003, between Weld County, Colorado, Lessor and El Camino 102. 1 ' \ Resources and Raymond A. Tonella. Lessee, covering Section 22: SE/4, T5N, R61 W and recorded August 18. 2003 #309655 . Weld County Records. Z,Ea/6o 2006-1718 Mr. Lee Morrison,Asst. County Attorney August 31.2005 Page Two Bonanza Creek is a private independent energy company engaged in the exploration.development. production,operation and acquisition of oil and natural gas resources. Bonanza Creek operates 91 wells in the DJ Basin including 19 wells that were drilled during the past eight months and we plan to continue with this forward momentum. Bonanza Creek is acquiring an 81%net revenue interest under the aforementioned Leases, which we believe to be acceptable and will not inhibit our interest to drill under the leases. Acquisition of a 3-D seismic sun•ey was completed on August 23. 2005. covering 12 square miles in Township 5 North,Ranee 61 West and we are encouraged and excited to begin drilling in this new area,which could ultimately see development of one well per 40 acres. Bonanza Creek currently maintains a$30.000 blanket bond with the Colorado Oil and Gas Conservation Commission. Subject to the above information and facts. Bonanza Creek hereby requests the State grant their consent to assign and raise the maximum overriding royalty interest from 5%to 6.5%for all of the above referenced leases. Should you have any questions or require additional information,please contact our office in Bakersfield. California at 661.638.2730. Sincerely. Michael R. Starzer President Bruce Barker From: Bill Crews [wgcrews@mindspring.com] Sent: Thursday, June 08, 2006 11:21 PM To: Bruce Barker Subject: RE: oil and gas leases Bruce, The assignments from El Camino Resources to CFG Energy, Inc. are at 3306972, 3306973 and 3306974. The assignment from CFG Energy, Inc. to Bonanza Creek are at 3318436 and 3318437. Thanks for your help in approving the above assignments and for your assistance in the extensions of the three leases. Regards, Bill Crews P.S. I will be checking email on my trip. 1 111111111111111111111111111111111111111111111111111111 3318436 08/31/2005 02:41P Weld County, CO bay6 1 of 26 9 131.00 D 0.00 Steve Moreno Clerk& Recorder oe RECORDING REQUESTED BY &WHEN RECORDED MAIL TO: BONANZA CREEK OPERATING COMPANY,LLC 4900 CALIFORNIA AVE.,SUITE 350B BAKERSFIELD,CA 93309 ASSIGNMENT,BILL OF SALE AND CONVEYANCE THIS ASSIGNMENT,BILL OF SALE AND CONVEYANCE ("Assignment")is dated effective July 1, 2005,and is made from CFG Energy,Inc. ("CFG"), a Colorado corporation whose address is 3932 West 18th Street Lane,Greeley, Colorado 80634,and Thomas B. Croke,Ill,and Laura L. Croke,husband and wife,whose address is also 3932 West 18th Street Lane Greeley, Colorado 80634(collectively,the"Assignors")to Bonanza Creek Operating Company, LLC ("Bonanza Creek"),a California limited liability company whose address is 4900 California Avenue, Suite 350-B,Bakersfield,California 93390,as Assignee. For$100.00 and other good and valuable consideration,the receipt and sufficiency of which are hereby acknowledged,the Assignors hereby sell,assign,transfer,grant,bargain and convey all of their right, title and interest in and to the Assets to Bonanza Creek. As used in this Assignment, the term"Assets"means the following real and personal property interests: all of the oil and gas leases(the"J ences")listed in Exhibit A attached hereto,but only insofar as they cover the lands(the"Lands")specifically described in Exhibit A; all surface owner and other agreements relating to the Leases and Lands,but only to the extent that they relate to such Leases and Lands,including(without limitation)the particular agreements identified in Exhibit B; and all files,records, seismic, seismic interpretation, electronic databases and seismic licensing and other documentary information(the"Information")relating to the Leases and Lands,but only to the extent that are in Assignors' possession and are not subject to third-party confidentiality restrictions. Assignors hereby except and reserve an overriding royalty interest(subject to proportionate reduction based both on the percentage leasehold interest being assigned to Bonanza Creek and on the percentage of the fee oil and gas estate covered by such I. ace)on all oil,gas and other hydrocarbon substances produced, saved and sold under the terms of each Lease equal to the difference between 19%and all landowner royalties,overriding royalties and other burdens on production that are of record at the date hereof. The overriding royalty interest in each particular Lease is being reserved by each Assignor in the same manner and in the same proportion that it held its undivided leasehold interest in such Lease immediately prior to this Assignment, so that if, for example, Thomas B. Croke,III,and Laura L. Croke owned a 100% leasehold interest in a Lease as joint tenants with right of survivorship immediately before this Assignment, and if CFG owned no interest,then the entire overriding royalty interest reserved 1 Assignment,Bill of Sale and Conveyance dated effective July 1,2005 between CFG Energy,Inc.,Thomas B.Croke Ill and Laura L Croke, Assignor and Bolan Creek Operating Company,LLC,Assignee 1 11110 11111 1111111111 MHO 111 1111111 III 3318436 08/3112005 02:41P Weld County, CO 2 of 26 ft 131.00 D 0.00 Steve Moreno Clerk&Recorder hereby in such Lease shall be owned solely by Thomas B. Croke,III,and Laura L. Croke,as joint tenants with right of survivorship. No reservation to a stranger is intended. Overriding royalties due under this reservation in respect of production under a particular Lease shall be determined and calculated(for example,but not by way of limitation, in respect of value or proceeds and in respect of permissible deductions)in the same manner as the landowner's royalty under that same Lease. Finally,these reserved overriding royalties shall burden all renewals,extensions, new leases and other similar arrangements in respect of a Lease that may be obtained by Bonanza Creek before the expiration of such Lease or within six months after expiration of such Lease. TO HAVE AND TO HOLD the Assets unto Bonanza Creek and its successors and assigns forever. This Assignment is made subject to the following terms and conditions: A. This Assignment is being made pursuant to the terms of the Purchase and Sale Agreement dated as of July 1,2005, among Assignors and Bonanza Creek(the"PSA"). B. ASSIGNORS WARRANT TITLE TO THE ASSETS FROM AND AGAINST ALL PERSONS CLAIMING BY,THROUGH,AND UNDER ASSIGNORS BUT NOT OTHERWISE. EXCEPT FOR THIS FOREGOING SPECIAL WARRANTY OF TITLE,THE ASSIGNMENT IS MADE WITHOUT WARRANTY OF ANY KIND, EXPRESS,IMPLIED OR STATUTORY. C. To the extent permitted by law,Bonanza Creek shall be subrogated to CFG's rights in and to representations,warranties and covenants given with respect to the Assets. CFG hereby grants and transfers to Bonanza Creek,its successors and assigns,to the extent so transferable and permitted by law,the benefit of and the right to enforce the covenants, representations and warranties, if any,which CFG may be entitled to enforce with respect to the Assets. D. The PSA contains an indemnification by Bonanza Creek for the benefit of CFG, which indemnification is incorporated herein and which shall survive execution and delivery of this Assignment. E. Separate governmental form assignments of the Assets maybe executed on officially approved forms by the Assignors to Bonanza Creek,in sufficient counterparts to satisfy applicable statutory and regulatory requirements. Those assignments shall be deemed to contain all of the exceptions,reservations,warranties,rights,titles,power and privileges set forth herein as fully as though they were set forth in each such assignment. The interests conveyed by such separate assignments are the same, and not in addition to,the Assets conveyed herein. F. This Assignment binds and inures to the benefit of Assignors and Bonanza Creek, together with their respective successors and assigns. 2 Assignment,Bill of Sale and Conveyance dated effective July 1,2005 between CFO Enemy,Inc.,Thomas B.Croke III and Lava L Croke, Assignor and Bonanza Creek Operating Company,CLC,Assignee 11111111 liii ii IIIIIII1111111IIIIIIIIIIII IIII 3318436 08131/2005 02:41P Weld County, CO 3 of 26 R 131.00 D 0.00 Steve Moreno Clerk& Recorder IN WITNESS WHEREOF, the parties have executed this Assignment, Bill of Sale and Conveyance as of the date first set forth above. ASSIGNORS: ASSIGNEE: CFG ENERGY,INC.. BONANZA CREEK OPERATING COMPANY,LLC By: t, 7 �..6i r At,'it By: Thomas B. Croke,III,President Michael R. tarzer,President _ By: fl Cr 1 /1 £/P Thomas B. Croke,III, individually By: \k t�i �� vy s ra L. Croke, individually STATE OF COLORADO COUNTY OF WELD The foregoing instrument was acknowledged before me thid/.day of August,2005,by Thomas B.Croke,III,both individually and as President of CFG Energy, Inc.,a Colorado corporation,and also by Laura L.Croke,individually. my hand d o c' 4. .:. !� .1/4\ ••Y..PUBS/ I ary Public (ç/. 0LOCH .44 ommission expires: State of California lI} ''-'t r...En` ,t Q ~ County of Kern Kern On A/ }} took e 2005 before me, O l- —•A.A. ��,�k'� ,Notary Public, personal�peared /4z C.�iate2 54,--1...e.,-- ,personally known to me—6R- -pray ed-to-ifteartretasiref-satisfatherrevideftee to be the persons)whose name(s)-is/are-subscribed to the within instrument and acknowledge to me that he/.hc/they executed the same in his/hen/their authorized capacity( Kand that by his/her/their signature/eon the instrument the persons) or the entity upon behalf of which the person(Icyacted,executed the instrument MONICA L W ARD4GLLER WITNESS my hand d official seal. , -,-- Coisy nbn r1514772 .1" MyComnt ExploitOct 2a zooe ‘Ziet jay /a eit --' My commission expires: Ba• Z4! MO Notary Public 3 Assignment,Bill of sale and Conveyance dated effective July I,2005 between CFO Energy,Inc.,Thomas B.Croke DI and lawn L Croke, Assignor and Bonanza Creek Operating Company,I.I.C.Assignee 1111111 IIIII VIII VIII 1111111 III 1111111 III 11111 IIII Ill 3318436 08/31/2005 02:41P Weld County, CO 4 of 26 R 131.00 D 0.00 Steve Moreno Clerk& Recorder : 3 m 3 3 3 3 3 3 n 's 2 '0 G g u u u '. A tl ^tea � c Ns VAaQa 7zQ7 IzfQ7 u I F � ' 3 ' � ' c 3 �Z , 3 � ' 3 ' � 3 N .. ONQ : Na � V' N ^ J $ .❑-. N .-4 '. N .. .-CC+ .CC. .pp. Np 'q. .r�+ ;; AL__ _ . N .-' _ Ai _qq "9' . 0 0 0 5 O O 8 O C 0 0 0 0 41111 O b 0 0 Y Fv'A 'A ' �i, A 'A 17 ' , 'A 'A 'F 'F � itillie 'F 'F 'A 'F t irnv� W FCAWWtiW EFvxicxnv�'iW i-, WWWCO [-Fv�iWWW II C .-+ N N Np� '. 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U z F-� F ; 4 04 R 1111111 III1I 11111 IIIII 1111111 III 1111111 III 1111111 II IIII 3318436 08/31/2005 02:41P Weld County, CO 24 of 26 R 131.00 D 0.00 Steve Moreno Clerk& Recorder v ' wi a a o: a ga V a �O b �O o 3 3 3 3 3 3 3 I VD NT � � U 1 AN N v � Ls BB 3 aN ao N Ns � z . �¢ � w z � m z ,. i m z3 ._Jr. � N NCC NCC MCC „.p„ NNC &) NNNCpCCC1 .-+ .-+ - ^❑❑' . O O O 0 0 0 0 0 0 0 0 0 O O O ii O Ox8x88 d Ii 0 8 P 'P Fmmm mmmm Fmmm m mm Fm Fm Hcn H7 Hm I fi N — O O M eb N M a h .-. O'. 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M - v di: M N M E N g N O X pp C Pi G o 8 H Ca .�L CI fi a Nen a N Mel en p n 1 o E — - v E N Q 2 1 i t .OH i 3i . $ U p 0.1 a1 g r~ 1 I I s 4 O 0 _ cg L p { m z 3 e g it E€n 11111111111111 1111111111110 HIE III 1111111111111 3318436 08/31/2005 02:41P Weld County, CO 26 of 26 R 131.00 0 0.00 Steve Moreno Clerk d Recorder EXHIBIT"A" Attached to and made a part of that Assignment,Bill of Sale and Conveyance dated effective July 1, 2005 between CFG Energy,Inc.,Thomas B.Croke,III and Laura L.Croke,Husband and Wife, Assignors and Bonanza Creek Operating Company,LW,Assignee. SURFACE AGREEMENTS North Riverside Project(Undeveloped) Weld County, Colorado Surface Aereements 1) Surface Damage Agreement dated July 23, 2005 between Dewey K. Ankeney,also known as Dewey Ankeny and Orlene M. Ankeny, also known as Orlene Ankeny, Surface Owner and Thomas B. Croke III and Laura L. Croke, Operator, recorded August 19,2004#3210930,Weld County Records. 2) Surface Damage Agreement dated July 22,2005 between Dennis W. Grotheer Living Trust, Surface Owner and CFG Energy,Inc.,recorded July 22,2005 #3305509, Weld County Records. 26 Assignment,Bill of Sale and Conveyance dated effective July 1,2005 between CFG Energy,Inc.,Thomas B.Croke I0 and Laura L Croke, Assignor and Bonanza Creek Operating Company,LW,Assignee 13130611191 i rrirr iiiii i�riiri i��i iIr iiiiuii iii irii� o�� t nt 2 a ii?ao 0 o.Co Steve Moreno Clerk&RecaMer ASSIGNMENT THIS ASSIGNMENT("Assignment")is dated July 27,2005,and is made from El Camino Resources, Inc., a Colorado corporation,and Raymond A. Tonella,a natural person, whose collective address is 20153 Cottontail Road,Morrison,Colorado 80465 (collectively, "El Camino"), as assignors, to Thomas B. Croke,III, and/or Laura L. Croke,husband and wife, JTWROS,whose address is 3932 West 18th Street Lane, Greeley,Colorado 80634("Crokes"), as assignees. For$100 and other good and valuable consideration,the receipt and sufficiency of which are hereby acknowledged,El Camino hereby sells,assigns,transfers,grants,bargains and conveys all of its right,title and interest in and to the following lease to Crokes: Lessor: Weld County,Colorado Lessee: El Camino Resources/Raymond A. Tonella Date: July 9,2003 Recorded: Reception No. 3096557(Weld County) Description: Townshin 5 North. Range 61 West.6th P.M.,Weld County. Colorado Section 22: SE/4 RESERVING,however, to El Camino Resources, Inc. (and not to Raymond A. Tonella)a two and one half percent (2 1/2 %)of 8/8ths overriding royalty interest(subject to proportionate reduction based both on the percentage leasehold interest being assigned and on the percentage of the fee oil and gas estate covered by the lease) on all oil, gas and other leased substances produced, saved and sold under the terms of the lease. This reserved overriding royalty interest shall be free of all costs of drilling,completing,equipping and operating,but shall bear its proportionate share of all post-wellhead costs(including,without limitation,separation,treatment,gathering and compressing costs), as well as all severance, production and other taxes of every type and nature applicable thereto. This Assignment is made subject to the following terms and conditions: 1. Crokes shall furnish to El Camino all material information concerning each well drilled on lands covered by the lease consistent with common industry practice, including, without limitation,well logs, drill stem tests,production tests and daily drilling reports delivered by mail, together with copies of all material documents filed with and received from governmental agencies. 2. El Camino warrants title to the lease from and against the claims of all persons claiming by,through,or under El Camino,but not otherwise. 3. This Assignment binds and inures to the benefit of El Camino and Crokes,together with their respective successors and assigns. 111111 III 1111111111111111 IIII IIII 3306974 07/27/2005 04:10P Weld County, CO 2 of 2 R 11.00 0 0.00 Steve Moreno Clerk&Recorder IN WITNESS WHEREOF,the parties have executed this Assignment. ASSIGNORS: ASSIGNEES: EL CAMINO RESOURCES,INC. Thomas B. Croke,III By: ��..+.. /3 9► Raymon onella,President Thomas B.Croke, III Laura L.Croke Raymond A.To ella,individually ra (.aura L.Croke STATE OF COLORADO ) )ss. COUNTY OF ) This instrument was acknowledged before me on July ,2005,by Raymond A.Tonella, individually and as President of El Camino Resources,Inc.,a Colorado corporation. My commission expires:.j//k/p8r- otary Public WE SE HNOH STATE OF COLORADO ) NOTARY PUBIC ss. STATE OF COLORADO COUNTY OF WELD ) MY COMMISSION EXPIRES 4/16/2008 tit This instrument was acknowledged before me on July 47,2005,by Thomas B.Croke,III,and Laura L. Croke. \`�ptr�iuurhgU `\gyp UO E F FL p�i4 =o1KPRvF9 My comm;swrielpires: 1 $009 J\, .• P U tics..,.f• „O S-SlataseLici14\_. ',q�4r�1O1`\G� Notary Public\\��` 101 11111 11111 I l l l 11111111111 I I 111111 I I I I I I l t 9� 3306973 07/27/2005 04:10P Weld County, CO 1 of 2 R 11100 D 0.00 Steve Moreno Clerk 6 Recorder ASSIGNMENT THIS ASSIGNMENT("Assignment") is dated July 27, 2005,and is made from El Camino Resources,Inc.,a Colorado corporation,and Raymond A. Tonella,a natural person, whose collective address is 20153 Cottontail Road,Morrison, Colorado 80465 (collectively, "El Camino"),as assignors,to Thomas B. Croke, III,and/or Laura L. Croke,husband and wife, JTWROS, whose address is 3932 West 18th Street Lane,Greeley, Colorado 80634("Crokes"), as assignees. For$100 and other good and valuable consideration,the receipt and sufficiency of which are hereby acknowledged,El Camino hereby sells,assigns,transfers, grants, bargains and conveys all of its right, title and interest in and to the following lease to Crokes: Lessor: Weld County, Colorado Lessee: El Camino Resources/Raymond A. Tonella Date: July 9,2003 Recorded: Reception No. 3096558 (Weld County) Description: Township 5 North, Range 61 West, 6th P.M.,Weld County, Colorado Section 21: NE/4 RESERVING,however,to El Camino Resources,Inc. (and not to Raymond A. Tonella)a two and one half percent (2 1/2 %) of 8/8ths overriding royalty interest (subject to proportionate reduction based both on the percentage leasehold interest being assigned and on the percentage of the fee oil and gas estate covered by the lease) on all oil, gas and other leased substances produced, saved and sold under the terms of the lease. This reserved overriding royalty interest shall be free of all costs of drilling,completing,equipping and operating,but shall bear its proportionate share of all post-wellhead costs(including,without limitation,separation,treatment,gathering and compressing costs), as well as all severance, production and other taxes of every type and nature applicable thereto. This Assignment is made subject to the following terms and conditions: I. Crokes shall furnish to El Camino all material information concerning each well drilled on lands covered by the lease consistent with common industry practice, including, without limitation, well logs, drill stem tests,production tests and daily drilling reports delivered by mail, together with copies of all material documents filed with and received from governmental agencies. 2. El Camino warrants title to the lease from and against the claims of all persons claiming by,through,or under El Camino, but not otherwise. 3. This Assignment binds and inures to the benefit of El Camino and Crokes,together with their respective successors and assigns. • 1111111 11111 1111 11111!III 111111 1111111 1111 III III! 3306973 07/27/2006 04:10P Weld County, CO 2 of 2 R 11.00 D 0.00 Steve Moreno Clerk&Recorder IN WITNESS WHEREOF,the parties have executed this Assignment. ASSIGNORS: ASSIGNEES: EL CAMINO RESOURCES, INC. Thomas B. Croke, III By: Men Ra . Tonella,President Thomas B. Croke,III Laura L. Croke Raymond A. onella, individually Croke STATE OF COLORADO ) )ss. COUNTY OF ) This instrument was acknowledged before me on July ,2005,by Raymond A. Tonella, individually and as President of El Camino Resources,Inc.,a Colorado corporation. My commission expires:4—/(o•OTC Notary Public WENDYWEINNS( NOTSPUBLIC I STATE OF COLORADO ) STATE dr�tARAL. )ss• MY S 4/1 6/200 COUNTY OF WELD ) This instrument was acknowledged before me on July Q7 f 005,by Thomas B.Croke,III,and Laura L. Croke. „\\` rrl//�o 0�` i FFtER ? ? 'sd My coma ort e4ires: (y t re 10112 z '* S '••.......... O \��•� Notary Public '��/400S n AIt€sss�$ ti JIàY1J !!K! !!iii Recorder ASSIGNMENT THIS ASSIGNMENT("Assignment")is dated July 27,2005,and is made from El Camino Resources, Inc.,a Colorado corporation,and Raymond A.Tonella,a natural person, whose collective address is 20153 Cottontail Road,Morrison,Colorado 80465 (collectively,"El Camino"),as assignors,to Thomas B. Croke,III,and/or Laura L.Croke,husband and wife, JTWROS,whose address is 3932 West 18th Street Lane, Greeley,Colorado 80634("Crokes"), as assignees. For$100 and other good and valuable consideration,the receipt and sufficiency of which are hereby acknowledged,El Camino hereby sells, assigns,transfers,grants,bargains and conveys all of its right,title and interest in and to the following lease to Crokes: Lessor: Weld County, Colorado Lessee: El Camino Resources/Raymond A. Tonella Date: July 9,2003 Recorded: Reception No. 3096556(Weld County) Description: Township 5 North,Range 61 West,6th P.M., Weld County,Colorado Section 15: SE/4 RESERVING,however,to El Camino Resources,Inc.(and not to Raymond A. Tonella)a two and one half percent (2 1/2 %) of 8/8ths overriding royalty interest(subject to proportionate reduction based both on the percentage leasehold interest being assigned and on the percentage of the fee oil and gas estate covered by the lease) on all oil, gas and other leased substances produced, saved and sold under the terms of the lease. This reserved overriding royalty interest shall be free of all costs of drilling,completing,equipping and operating,but shall bear its proportionate share of all post-wellhead costs(including,without limitation,separation,treatment,gathering and compressing costs), as well as all severance, production and other taxes of every type and nature applicable thereto. This Assignment is made subject to the following terms and conditions: 1. Crokes shall furnish to El Camino all material information concerning each well drilled on lands covered by the lease consistent with common industry practice, including, without limitation, well logs, drill stem tests,production tests and daily drilling reports delivered by mail, together with copies of all material documents filed with and received from governmental agencies. 2. El Camino warrants title to the lease from and against the claims of all persons claiming by,through,or under El Camino,but not otherwise. 3. This Assignment binds and inures to the benefit of El Camino and Crokes,together with their respective successors and assigns. 11111111111111111111111111111111111111 111111111111 1111 3306972 07/27/2005 04:10P Weld County, CO 2 of 2 R 11.00 D 0.00 Steve Moreno Clerk&Recorder IN WITNESS WHEREOF,the parties have executed this Assignment. ASSIGNORS: ASSIGNEES: EL CAMINO RESOURCES,INC. Thomas B. Croke, III By: an.... A .. i Raymond A.Tc e1la,President Thomas B. Croke,III Laura L. Croke Raymond A.Tone individually ra L.Croke �— STATE OF COLORADO ) )ss COUNTY OF ) This instrument was acknowledged before me on July ,2005,by Raymond A.Tonella, individually and as President of El Camino Resources,Inc.,a Colorado corporation. My commission expires: 4-11,-or Notary Public IMENDY SUE WSW STATE OF COLORADO ) NOTMY PUDJC STATE OF COLORADO ss. COUNTY OF WELD ) MY� D �S This instrument was acknowledged before me on Julys ,2005,by Thomas B.Croke,III,and Laura L. Croke. `��f L E R ri�� ` 41�'/''/ O.•;..zt ' i AyPY•...,\ 4 o My co 4oft expired (}rO ' - sz.Ctz /0 P U S Lot/1, i T •a, S Notary Public Hello