Ridgewood Energy L Fund LLC

CIK:0001295714|SEC Filings

UNAUDITED CONDENSED STATEMENTS OF OPERATIONS (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Revenue
Oil and gas revenue	$ 246	$ 201	$ 481	$ 522
Expenses
Depletion and amortization	107	112	213	276
Operating expenses	71	74	119	154
General and administrative expenses	59	54	109	98
Total expenses	237	240	441	528
Income (loss) from operations	9	(39)	40	(6)
Interest income	4	7	9	11
Net income (loss)	13	(32)	49	5
Manager Interest
Net income	16	11	36	39
Shareholder Interest
Net (loss) income	$ (3)	$ (43)	$ 13	$ (34)
Net (loss) income per share	$ (8)	$ (121)	$ 39	$ (96)

UNAUDITED CONDENSED STATEMENTS OF CASH FLOWS (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
Cash flows from operating activities
Net income	$ 49	$ 5
Adjustments to reconcile net income to net cash provided by operating activities:
Depletion and amortization	213	276
Changes in assets and liabilities:
Decrease in production receivable	28	89
Decrease in other current assets	22	55
Increase in accrued expenses	1	8
Settlements of asset retirement obligations	(60)
Net cash provided by operating activities	253	433
Cash flows from investing activities
Capital expenditures for oil and gas properties	(9)	(35)
Proceeds from (investments in) salvage fund, net	217	(10)
Net cash provided by (used in) investing activities	208	(45)
Cash flows from financing activities
Distributions	(344)	(474)
Net cash used in financing activities	(344)	(474)
Net increase (decrease) in cash and cash equivalents	117	(86)
Cash and cash equivalents, beginning of period	85	229
Cash and cash equivalents, end of period	$ 202	$ 143

UNAUDITED CONDENSED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Current assets:
Cash and cash equivalents	$ 202	$ 85
Salvage fund		60
Production receivable	70	98
Other current assets	3	25
Total current assets	275	268
Salvage fund	798	955
Oil and gas properties:
Proved properties	9,797	9,785
Less: accumulated depletion and amortization	(7,632)	(7,419)
Total oil and gas properties, net	2,165	2,366
Total assets	3,238	3,589
Current liabilities:
Accrued expenses	131	127
Asset retirement obligations		60
Total current liabilities	131	187
Asset retirement obligations	516	516
Total liabilities	647	703
Commitments and contingencies (Note 3)
Members' capital:
Distributions	(2,453)	(2,453)
Retained earnings	2,030	1,994
Manager's total	(423)	(459)
Capital contributions (670 shares authorized; 350.1081 issued and outstanding)	51,401	51,401
Syndication costs	(5,502)	(5,502)
Distributions	(16,835)	(16,491)
Accumulated deficit	(26,050)	(26,063)
Shareholders' total	3,014	3,345
Total members' capital	2,591	2,886
Total liabilities and members' capital	$ 3,238	$ 3,589