ATLAS AMERICA PUBLIC #12-2003 Limited Partnership
CIK:0001238289|SEC Filings
CONDENSED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2016 |
Jun. 30, 2015 |
Jun. 30, 2016 |
Jun. 30, 2015 |
|
| REVENUES | ||||
| Natural gas, oil and liquids | $ 68,100 | $ 100,000 | $ 146,600 | $ 262,200 |
| (Loss) gain on mark-to-market derivatives | (5,700) | (2,500) | (1,400) | 200 |
| Total revenues | 62,400 | 97,500 | 145,200 | 262,400 |
| COSTS AND EXPENSES | ||||
| Production | 166,000 | 170,000 | 302,900 | 381,200 |
| Depletion | 22,200 | 0 | 45,200 | |
| Accretion of asset retirement obligations | 45,900 | 75,300 | 91,900 | 150,600 |
| General and administrative | 46,600 | 40,800 | 84,700 | 89,900 |
| Total costs and expenses | 258,500 | 308,300 | 479,500 | 666,900 |
| Net loss | (196,100) | (210,800) | (334,300) | (404,500) |
| Allocation of net loss: | ||||
| Managing general partner | (66,500) | (77,500) | (116,300) | (150,700) |
| Limited partners | $ (129,600) | $ (133,300) | $ (218,000) | $ (253,800) |
| Net loss per limited partnership unit | $ (32) | $ (33) | $ (54) | $ (63) |
CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) |
6 Months Ended | |
|---|---|---|
Jun. 30, 2016 |
Jun. 30, 2015 |
|
| Cash flows from operating activities: | ||
| Net loss | $ (334,300) | $ (404,500) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||
| Depletion | 0 | 45,200 |
| Non-cash loss (gain) on derivative value | 10,700 | (2,100) |
| Accretion of asset retirement obligations | 91,900 | 150,600 |
| Changes in operating assets and liabilities: | ||
| Increase in accounts receivable trade-affiliate | (7,400) | (56,600) |
| Increase in asset retirement receivable-affiliate | (261,600) | (132,500) |
| Increase in accounts payable trade-affiliate | 500,000 | 403,900 |
| Increase (decrease) in accrued liabilities | 700 | (4,000) |
| Net cash provided by operating activities | 0 | 0 |
| Cash flows from investing activities: | ||
| Net cash provided by investing activities | 0 | 0 |
| Cash flows from financing activities: | ||
| Net cash provided by financing activities | 0 | 0 |
| Net change in cash | 0 | $ 0 |
| Cash at beginning of period | 0 | |
| Cash at end of period | $ 0 | |
CONDENSED BALANCE SHEETS (Unaudited) - USD ($) |
Jun. 30, 2016 |
Dec. 31, 2015 |
|---|---|---|
| Current assets: | ||
| Cash | $ 0 | $ 0 |
| Accounts receivable trade-affiliate | 58,300 | 50,900 |
| Current portion of derivative assets | 7,700 | 25,600 |
| Total current assets | 66,000 | 76,500 |
| Gas and oil properties, net | 1,815,400 | 1,815,400 |
| Long-term asset retirement receivable-affiliate | 982,800 | 721,200 |
| Total assets | 2,864,200 | 2,613,100 |
| Current liabilities: | ||
| Accounts payable trade-affiliate | 1,496,600 | 996,600 |
| Accrued liabilities | 12,000 | 11,300 |
| Put premiums payable-affiliate | 5,200 | 11,800 |
| Total current liabilities | 1,513,800 | 1,019,700 |
| Asset retirement obligations | 5,659,800 | 5,567,900 |
| Commitments and contingencies (Note 6) | ||
| Partners’ deficit: | ||
| Managing general partner’s deficit | (1,633,400) | (1,517,100) |
| Limited partners’ deficit (4,024 units) | (2,676,400) | (2,458,400) |
| Accumulated other comprehensive income | 400 | 1,000 |
| Total partners’ deficit | (4,309,400) | (3,974,500) |
| Total liabilities and partners’ deficit | $ 2,864,200 | $ 2,613,100 |