Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2011

COMPREHENSIVE INCOME (LOSS)

COMPREHENSIVE INCOME (LOSS)

NOTE 5 — COMPREHENSIVE INCOME (LOSS)

Comprehensive income (loss) includes net income (loss) and all other changes in the equity of a business during a period from transactions and other events and circumstances from non-owner sources that, under accounting principles generally accepted in the United States of America, have not been recognized in the calculation of net income (loss). These changes, other than net income (loss), are referred to as "other comprehensive income (loss)" and for the Partnership includes changes in the fair value of unsettled derivative contracts accounted for as cash flow hedges, and changes in the estimated amount of future monetized proceeds to be received (See Note 4). The monetized proceeds included in accounts receivable affiliate have been allocated to the Partnership based on estimated future production in relation to all other Partnerships' future production eligible to receive monetized hedge proceeds. As actual production is realized, there may be a corresponding difference in the Partnership's actual share of monetized hedge proceeds received, than what was previously estimated. This component is shown as "Difference in estimated monetized gains receivable." A reconciliation of the Partnership's comprehensive income (loss) for the periods indicated is as follows:

										Period
	Three Months			Three Months			Nine Months			April 1, 2010
	Ended			Ended			Ended			Through
	September 30,			September 30,			September 30,			September 30,
	2011			2010			2011			2010
Net income (loss)	$	418,700		$	(1,054,400	)	$	1,284,300		$	(1,051,000	)
Other comprehensive income:
Unrealized holding gain (loss) on hedging contracts		—			400,700			(113,900	)		400,700
Difference in estimated monetized gain receivable		259,600			—			311,500			—
Less: reclassification adjustment for gains realized in net income (loss)		(548,700	)		(13,700	)		(1,208,500	)		(13,700	)
Total other comprehensive (loss) income		(289,100	)		387,000			(1,010,900	)		387,000
Comprehensive income (loss)	$	129,600		$	(667,400	)	$	273,400		$	(664,000	)