November 1, 2005
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 Limited Partnership III-B (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.
To date, the General Partner has exercised three of those options.
The General Partner is hereby notifying you that it has decided to extend
the term of the Partnership for a fourth two-year term 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
