January 22, 2004
TO: All Limited Partners in the Geodyne Institutional/Pension
Energy Income Limited Partnership P-7
RE: Election to extend term of Partnership
As previously described to you, the limited partnership agreement (the
"Agreement") for the Geodyne Institutional/Pension Energy Income P-7 Limited
Partnership (the "Partnership") provides that the Partnership will automatically
terminate and dissolve on February 28, 2004.
The Agreement gives Geodyne Resources, Inc., as General Partner, an option
to extend the term of the Partnership for up to five additional two year terms.
Two years ago Geodyne exercised the first such extension.
The General Partner is hereby notifying you that it has decided to extend
the term of the Partnership through December 31, 2005.
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
Xxxxxx X. Xxxxx
President
