November 1, 2005
TO: All Limited Partners in the Geodyne Institutional/Pension Energy
Income P-1 Limited Partnership
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-1 Limited
Partnership (the "Partnership") provides that the Partnership will automatically
terminate and dissolve on December 31, 2005.
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.
The General Partner is hereby notifying you that it has decided to extend the
term of the Partnership for the first of these additional two year terms until
December 31, 2007. Accordingly, the new termination date for the Partnership
will be December 31, 2007.
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
