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Home My WebLink About1.06 Mineral Status ReportExhibit E - Mineral Status Report 2053 King Way 1 Denver, CO 1 8021 303.710.3906 1 bosanti77@gmail.com Microgrid Mineral Status Report Parcel ID #: 2179-054-00-056 Byron Santi Abstracter The following mineral status is submitted regarding the parcel listed above after review of the Records of the Garfield County Clerk and Recorder, State of Colorado. The records of the Garfield County Clerk and Recorder were reviewed through August 31, 2017 at 8:OOAM. LEGAL DESCRIPTION: Township 6 South, Range 92 West Section 5: S 1/2 SW 1/4, SW 1/4 SE Section 8: Lots 2 and 3 covering 41. 85 acres, more or less, Garfield County, State of Colorado. Page 1 of 4 2053 King Way 1 Denver, CO 1 8021 303.710.3906 1 bosanti77@gmail.com Surface and Mineral Ownership: Warranty Deed date recorded September 11, 2002 at Reception # 610448, Book 1385, Page 420 between Stuart J. and Kathleen R. Dykstra (Grantors); and Donald R. and Annette R. Ziegler, as joint tenants with full right of survivorship (Grantees). A parcel of land in Section 5: SW 1/4 SW % (metes and bounds), Township 6 South, Range 92 West. Quitclaim Deed date recorded September 11, 2002 at Reception # 610449, Book 1385, Page 422, between Stuart R. and Kathleen R. Dykstra (Grantors) to Donald R. and Annette R. Ziegler (Grantee). A parcel of land in Section 5: SW 1/4 SW 1/4 (metes and bounds), Township 6 South, Range 92 West. Paid Up Oil and Gas Lease date recorded May 23, 2005 at Reception # 674704, Book 1689, Page 565, between Donald R. and Annette R. Ziegler (Lessors) and Antero Resources (Lessee). Section 5: SW 1/4 SW 1/4 (metes and bounds), Township 6 South, Range 92 West, containing 8.81 acres, more or less. The lease is beyond its primary term of 3 years with an expiration date of 2/3/2008. Warranty Deed date recorded March 2, 2007 at Reception # 718230, Book 1899, Page 0145 between Charles Howard Robinson, IND AIF and Clarice Jane Robinson (Grantors) and Donald R. and Annette R. Zeigler (Grantee). NOTE: "RESERVING, HOWEVER, UNTO Grantors and undivided one-fourth (1/4) interest in and to all of the oil, gas, and other minerals in and under the Property described above" being Section 5: S %z SW 1/4; SW 1/4 SE 1/4; Section 8: Lots 2 and 3, Township 6 South, Range 92 West, containing 41.85 acres, more or less. Quitclaim Deed date recorded March 2, 2007 at Reception # 718231, Book 1899, Page 148, between Charles Howard Robinson, IND AIF and Clarice Jane Robinson (Grantors) and Donald R. and Annette R. Zeigler (Grantee). NOTE: Conveys all water and ditch rights. Description matches that in instrument with Reception # 718230. Special Warranty Deed dated March 14, 2007 at Reception # 719057, Book 1903, Page 43, between Donald R. Ziegler (Grantor) and Donald R. and Annette R. Ziegler (Grantees). Section 5: S % SW %; SW 1/4 SE %; Section 8: Lots 2 and 3, Township 6 South, Range 92 West. Description matches that in instrument with Reception number 718230. Oil and Gas Lease date recorded December 11, 2007 at Receptions # 739030, between Donald R. and Annette R. Ziegler (Lessors) and Antero Resources (Lessee). Section 5: S %2 SW %; SW 1/4 SE 1/4; Section 8: Lots 2 and 3, Township 6 South, Range 92 West, containing 41.85 acres, more or less. The lease is beyond its primary term of 3 years with an expiration date of 10/17/2010. Page 2of4 2053 King Way 1 Denver, CO 1 8021 303.710.3906 1 bosanti77@gmail.com Amendment to Paid-up Oil and Gas Lease at Receptions # 737913 between Donald R. and Annette R. Ziegler (Lessors) and Antero Resources (Lessee). Section 5: S 1/2 SW %; SW 1/4 SE 1/4; Section 8: Lots 2 and 3 Township 6 South, Range 92 West. Special Warranty Deed date recorded March 28 2008 at Reception # 745609, between Donald R. and Annette R. Ziegler (Grantors) and Peregrine 08 Investments LLC (Grantee). Section 5: S 1/2 SW %; SW 1/4 SEX; Section 8: Lots 2 and 3 Township 6 South, Range 92 West. Amendment of Paid Up Oil and Gas Lease date recorded September 15, 2009 at Reception # 775025 between Howard Robinson a/k/a Charles Howard Robinson a/k/a C. Howard Robinson and Clarice Jane Robinson, at tenants in Common (Lessor) and Antero Resources Piceance Corporation (Lessee). Section 5: S 1/2 SW 1/4; SW % SEX; Section 8: Lots 2 and 3 Township 6 South, Range 92 West. NOTE: Primary Term of 10 years from November 16, 2004. Amendment of Paid Up Oil and Gas Lease date recorded May 24, 2010 at Receptions # 786400 between Donald R. and Annette R. Ziegler (Lessors) and Antero Resources Piceance Corporation (Lessee). Lease covers two parcels in the SW of Section 5, Township 6 South, Range 92 West. NOTE: Amends the Primary Term to 8 years or until February 3, 2013. Amendment of Paid Up Oil and Gas Lease date recorded November 29, 2010 at Receptions # 794974, between Donald R. and Annette R. Ziegler (Lessors) and Antero Resources Piceance Corporation (Lessee) Lease covers two parcels in the SW in Section 5, Township 6 South, Range 92 West. NOTE: Amends the Primary Term to 6 years or until October 18, 2013 and amends name of Lessors from Donald R. and Annette R. Ziegler to Peregrine 08 Investments LLC. The above mentioned documents appear to include and affect both the surface and mineral interests. This report reflects 100% of the surface ownership to be held by Peregrine 08 Investments, LLC. NOTE: According to the Garfield County Assessor's Office the surface ownership is held by Donald R. and Annette R. Ziegler. This report reflects the mineral ownership to be owned 75% by Peregrine 08 Investments LLC and Donald R and Annette R. Ziegler, and 25% reserved and owned by Charles Howard Robinson, IND AIF and Trustee of the Clarice Jane Robinson Family Trust created under the Last Will and Testament of Clarice Jane Robinson (deceased). See page 4/4 for breakdown. The instruments mentioned above appear to include and affect both the surface and mineral interests/ownership and this report assumes Charles Howard and Clarice Robinson owned 100% right, title and interest to the minerals and that the minerals were not reserved in any prior instruments/documents. Page 3of4 2053 King Way 1 Denver, CO 1 8021 303.710.3906 1 bosanti77@gmail.com SURFACE OWNERSHIP BREAKDOWN: OWNER AMOUNT ACRES Peregrine 8 Investments 931 Grand Avenue Glenwood Springs, CO 81601 Donald R. and Annette R. Ziegler P.O. Box 2810 Glenwood Springs, CO 81602 100% 41.85 MINERAL OWNERSHIOP BREAKDOWN: OPEN OWNERS AMOUNT ACRES Peregrine 8 Investments 931 Grand Avenue Glenwood Springs, CO 81601 75% 31.3875 Charles Howard Robinson, Trustee P.O. Box 1185 Rifle, CO 81650 25% 10.4625 TOTAL: 100% 41.85 There does not appear to be any leases that are currently within their primary term or that are HPB/HBU, additionally though there are wells in Section 8, it does not appear there are any wells within the subject parcel. However, due to the prior or current lease activity on these lands and/or adjacent lands in the area, the potential for oil and gas extraction operations/development does exist. While Dean Energy Consulting, LLC has used its best efforts to construct a complete and accurate report based on the scope of this project, client agrees to indemnify and hold harmless Dean Energy Consulting, LLC and its manager for any damages and/or liability beyond the cost of this report. Dated August 25, 2017 By: Dean Energy Consulting, LLC Byron Santi, Manager Page 4 of 4