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Assignment of Working Interest in Oil and Gas Lease(s)

 

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Title:

Assignment of Working Interest in Oil and Gas Lease(s)

Entities:

2U Online.com, Inc.; Rising Phoenix Development Group, Ltd.; 2u Online com Inc

Date:

2001

Size:

Preview shows 7KB of 245KB total

Price:

$63

ID:

#145224

 

 

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ASSIGNMENT OF WORKING INTEREST
------------------------------
IN OIL AND GAS LEASE(S)
-----------------------

***

KNOW ALL PERSONS BY THESE PRESENTS THAT:


Rising Phoenix Development Group, LTD., a British Columbia
corporation, Canada, hereinafter referred to as the "Assignor", for valuable
consideration in hand paid, receipt and sufficiency whereof being hereby
acknowledged, does hereby sell, assign, convey, transfer and set over to 2U
Online.com Inc., a Delaware corporation, U.S.A., whose mailing address is
1288 Alberni Street, Suite 806, Vancouver, B.C., V6E 4N5, hereinafter
referred to as the "Assignee", any and all of the Assignor's working interest
and attendant net revenue interest which it now owns or might own in the
following-described oil and gas lease(s) and lands:


1. An oil and gas lease dated January 10, 1981, wherein Donald B.
Roberts, B. M. Stewart and Sheri Vineyard were the lessors, and
Exoil Services, Inc. was the lessee, recorded in Book 87 of Photos
at Page 189 on February 4, 1981 in the Offices of the County Clerk
for Weston County, Wyoming; as amended and ratified on June 22,
1982, which amendment and ratification was recorded in Book 103
of Photos at Page 344, in the Offices of the County Clerk for Weston
County, Wyoming; which lease was further ratified on January 4,
1984, which ratification was recorded in Book 122 of Photos at Page
261 in the Offices of the County Clerk for V4eston County, Wyoming;
and which lease was further amended and ratified in March of 1986,
which amendment and ratification was recorded in Book 158 of
Photos at Page 61 in the Offices of the County Clerk for Weston
County, Wyoming; covering the following-described lands situate in
Weston County, Wyoming, to-wit:



Township 44 North. Range 60 West. 6th P.M.
------------------------------------------
Section 6: SW 1/4, NE 1/4, E 1/2NW 1/4, W 1/2 SE 1/4
Section 7: W 1/2, W 1/2E 1/2
Section 18: W1/2
Section 19: W 1/2W1/2, NE 1/4NW 1/4
Section 30: W 1/2 NW 1/4

Township 44 North. Range 61 West. 6th P.M.
------------------------------------------
Section 1: SE 1/4
Section 11: SE 1/4, E 1/4 NE 1/4, S 1/2 SW 1/4
Section 12: All
Section 13: All
Section 14: All
Section 22: E 1/2
Section 23: N 1/2, SE 1/4, E 1/2 SW 1/4
Section 24: All
Section 25: W 1/2, NE 1/4, NW 1/4 SE 1/4
Section 26: E 1/2 NE 1/4, NE 1/4 SE 1/4
Section 27: W 1/2 E 1/2





E-1
{PAGE}



2. Any and all other oil and gas leases, including all
amendments, ratifications, renewals and extensions
thereof, insofar as same cover the following-described
lands situate in Weston County, Wyoming, towit:

Township 44 North, Range 60 West. 6th P.M.
------------------------------------------
Section 6: SW 1/4, NE 1/4, E 1/2 NW 1/4,
W 1/2 SE 1/4
Section 7: W 1/2, W 1/2 E 1/2
Section 18: W 1/2
Section 19: W 1/2 W 1/2, NE 1/4 NW 1/4
Section 30: W 1/2 NW 1/4

Township 44 North. Range 61 West. 6th P.M.
------------------------------------------
Section 1: SE 1/4
Section 11: SE 1/4, E 1/2 NE 1/4, S 1/2 SW 1/4
Section 12: All
Section 13: All
Section 14: All
Section 22: E 1/2
Section 23: N 1/2, SE 1/4, E 1/2 SW 1/4
Section 24: All
Section 25: W 1/2, NE 1/4, NW 1/4 SE 1/4
Section 26: E 1/2 NE 1/4, NE 1/4 SE 1/4
Section 27: W 1/2 E 1/2




SUBJECT to all of the terms and conditions set forth hereinafter to which by
acceptance and execution of this Assignment the Assignee specifically
agrees. The above-described oil and gas lease(s) are hereinafter referred to
as the "Lease(s)", and the land covered by the Lease(s) is hereinafter
referred to as the "Leasehold Lands".

TERMS AND CONDITIONS OF THE ASSIGNMENT:
---------------------------------------

1. Assignor does not warrant the validity of the Lease(s) nor its
titles to any part or portion of the working interest and/or net revenue
interest in the Lease(s).

2. Assignee accepts this Assignment without any representations,
guarantees or warranties, express or implied, being made by the Assignor as
to the condition of the Leasehold Lands or any oil or gas well located
thereon, or as to the condition of any property associated with the
Leasehold Lands or any oil or gas well located thereon.

3. Assignee accepts this Assignment without any representations,
guarantees or warranties, express or implied, being made by the Assignor as
to the quantity or quality of the oil or gas which may be produced by any
oil or gas well located on the Leasehold Lands.

4. Assignee accepts this Assignment subject to any and all
terms, conditions, covenants, restrictions, reservations, royalties and

 

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