EXHIBIT 20.1
November 14, 2001
TO: All Limited Partners in the Geodyne Institutional/Pension Energy
Income Limited Partnership P-7
RE: Election to extend term of Partnership for additional two years
As previously described to you, the limited partnership agreement, as
amended (the "Agreement") for the above referenced Geodyne Institutional/Pension
Energy Income Limited Partnership (the "Partnership") provides that the
Partnership will automatically terminate and dissolve on February 28, 2002.
The Agreement gives Geodyne Resources as General Partner an option to
extend the term of the Partnership for up to five additional two year terms.
Geodyne is hereby notifying you that it has elected to extend the above
referenced Partnership's term for an additional two year period. Accordingly,
Geodyne will file an amendment to the Partnership's Certificate of Limited
Partnership extending the Partnership's term until February 28, 2004.
If you have any questions concerning the Partnership's extension please
contact Geodyne Investor Services at 000-000-0000 or 000-000-0000.
Very truly yours,
GEODYNE RESOURCES, INC.,
General Partner
//s// Xxxxxx X. Xxxxx
Xxxxxx X. Xxxxx
President
