January 22, 2004
TO: All Limited Partners in the Geodyne Energy Income
Limited Partnership III-B
RE: Election to extend term of Partnership
As previously described to you, the limited partnership agreement (the
"Agreement") for the Geodyne Energy Income III-B Limited Partnership (the
"Partnership") provides that the Partnership will automatically terminate and
dissolve on January 24, 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.
Four years ago Geodyne exercised the first such extension, and two years ago
Geodyne exercised the second 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
