|                                             | United      States                                                                            |
|--------------------------------------------------|-----------------------------------------------------------------------------------------------|
|                                             | Securities      and Exchange Commission                                                       |
|                                             | Washington,      D.C. 20549                                                                   |
|                                             |                                                                                          |
|                                             | Form      10-KSB                                                                              |
| (Mark      One)                                  |
|                                             |                                                                                          |
| R                                                | ANNUAL      REPORT UNDER SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF      1934     |
|                                             |                                                                                          |
| For      the fiscal year ended December 31, 2007 |
|                                             |                                                                                          |
| o                                                | TRANSITION      REPORT UNDER SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF      1934 |
|                                             |                                                                                          |
|                                             | For      the transition period from _____ to _____                                            |
|                                             |                                                                                          |
|                                             | Commission      file number 333-67522                                                         |
|                                             |                                                                                          |
|                                             | ATLAS      AMERICA PUBLIC #10 LTD.                                                            |
|                                             | (Name      of small business issuer in itscharter)                                            |

| Pennsylvania                                                                                                                     |   | 25-1891457                                     |
|----------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------------------------|
| (State      or other jurisdiction of                                                                                             |   | (I.R.S.      Employer                          |
| Incorporation      or organization)                                                                                              |   | Identification      No)                        |
|                                                                                                                             |   |                                           |
| Westpointe      Corporate Center One                                                                                             |   |                                           |
| 1550      Coraopolis Heights Road, 2nd Floor                                                                                     |   |                                           |
| Moon      Township, PA                                                                                                           |   | 15108                                          |
| (address      of principal executive offices)                                                                                    |   | (Zip      Code)                                |
|                                                                                                                             |   |                                           |
| Issuer’s      telephone number (412)      262-2830                                                                         |   |                                           |
|                                                                                                                             |   |                                           |
| Securities      registered under Section 12(b) of the Exchange Act.                                                              |
|                                                                                                                             |   |                                           |
| Title      of each class                                                                                                         |   | Name      of each exchange on which registered |
| None                                                                                                                             |   | None                                           |
|                                                                                                                             |   |                                           |
| Securities      registered under Section 12(g) of the Exchange Act Investor General      Partner Units and Limited Partner Units |
| (Title      of Class)                                                                                                            |

| PART      I   |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | PAGE   |
|---------------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|          |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |
| Item      1:  |   | Description      of      Business                                                                                                                                   | 3-5    |
|          |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |
| Item      2:  |   | Description      of      Properties                                                                                                                                 | 5-9    |
|          |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |
| Item      3:  |   | Legal      Proceedings                                                                                                                                              | 9      |
|          |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |
| Item      4:  |   | Submission      of Matters to a Vote of Security      Holders                                                                                                                                                                                                                                                                                           | 9      |
|          |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |
| PART      II  |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |
|          |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |
| Item      5:  |   | Market      for Registrant’s Common Equity and Related Security Holder      Matters                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | 9-10   |
|          |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |
| Item      6:  |   | Management’s      Discussion and Analysis of Financial Condition or Plan of      Operations                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | 10-15  |
|          |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |
| Item      7:  |   | Financial      Statements                                                                                                                                           | 16-32  |
|          |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |
| Item      8:  |   | Changes      in and Disagreements with Accountants on Accounting and Financial      Disclosure                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 32     |
|          |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |
| Item      8A: |   | Controls      and      Procedures                                                                                                                                   | 32-33  |
|          |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |
| Item      8B: |   | Other      Information                                                                                                                                              | 33     |
|          |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |
| PART      III |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |
|          |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |
| Item      9:  |   | Directors,      Executive Officers and Significant Employees, Compliance with Section      (16a)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |
|          |   | of      the Exchange      Act                                                                                                                                       | 33-36  |
|          |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |
| Item      10: |   | Executive      Compensation                                                                                                                                         | 36     |
|          |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |
| Item      11: |   | Security      Ownership of Certain Beneficial Owners and Management                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | 36     |
|          |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |
| Item      12: |   | Certain      Relationships and Related Party Transactions                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | 36-37  |
|          |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |
| Item      13: |   | Exhibits                                                                                                                                                            | 37     |
|          |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |
| Item      14: |   | Principal      Accountant Fees and      Services                                                                                                                    | 37     |
|          |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |
| SIGNATURES    |   | 38                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |

|                                                                                                                                                                                                                                                                                                                                                                                                |   | Number      of Producing Wells |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                |   | Gross                          |   |   | Net |   |
| Gas                                                                 |   |                           | 104    |   |   |   | 100.15 |   |
| Oil                                                                 |   |                           | 3      |   |   |   | 3.00 |   |
| Total                                                                                        |   |                           | 107    |   |   |   | 103.15 |   |

|              |   |                |   |   |               |   |    |                |   |   |                 |   |   | Average                    |   |
|-------------------|--------|---------------------|--------|--------|--------------------|--------|---------|---------------------|--------|--------|----------------------|--------|--------|----------------------------|--------|
| Year              |   |                |   |   |               |   |    | Average             |   |   | Production      Cost |   |
| Ended             |   | Production          |   |   | Sales      Price   |   |    | (Lifting      Cost) |   |
| December      31, |   | Oil      (bbls) (1) |   |   | Gas      (mcf) (1) |   |    | per      bbl (1)    |   |   | per      mcf (1)     |   |   | per      mcfe (1)      (2) |   |
|              |   |                |   |   |               |   |    |                |   |   |                 |   |   |                       |   |
| 2007              |   |                | 1,600  |   |               |   | 379,300 |                |   | $      | 65.88                |   |   | $                          | 8.80   |   |   | $ | 2.37 |   |
| 2006              |   |                | 1,400  |   |               |   | 422,000 |                |   | $      | 62.71                |   |   | $                          | 8.87   |   |   | $ | 1.91 |   |

| (1)   | “Mcf”      means one thousand cubic feet of natural gas.  “Mcfe” means a      thousand cubic feet equivalent.  Oil production is converted to      mcfe at the rate of six mcf per barrel(“bbl”). |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2)   | Lifting      costs include labor to operate the wells and related equipment, repairs      and maintenance, materials and supplies, property taxes, production taxes,      insurance and gathering charges. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   | December      31, |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   | 2007              |   |   | 2006 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |              |   |   |   |   |
| Natural      gas (per      mcf)                                                                                     |   | $                 | 7.56   |   |   | $ | 6.34 |   |
| Oil      (per      bbl)                                                                                             |   |              | 90.32  |   |   |   | 57.25 |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   | At      December 31, |      |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------|-----------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   | 2007                 |      |   | 2006 |   |
| Natural      gas reserves – Proved Reserves (Mcf) (1)(4):                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |                 |      |   |   |   |
| Proved      developed reserves      (2)                                                                                                                                                     |   |                 | 4,024,600 |   |   |   | 4,702,500 |   |
| Total      proved reserves of natural      gas                                                                                                                                                             |   |                 | 4,024,600 |   |   |   | 4,702,500 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                 |      |   |   |   |   |   |
| Oil      reserves: - Proved Reserves (Bbl) (1)(4)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |                 |      |   |   |   |   |   |
| Proved      developed reserves      (2)                                                                                                                                                     |   |                 | 10,200    |   |   |   | 9,700 |   |
| Total      proved reserves of      oil                                                                                                                                                                     |   |                 | 10,200    |   |   |   | 9,700 |   |
| Total      proved reserves      (Mcfe)                                                                                                                   |   |                 | 4,085,800 |   |   |   | 4,760,700 |   |
| PV-10      estimate of cash flows of proved reserves (3)(4):                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |                 |      |   |   |   |   |   |
| Proved      developed      reserves                                                                                                                                                         |   | $                    | 8,829,500 |   |   | $ | 9,050,900 |   |
| Total      PV-10      estimate                                                                                                                                                                             |   | $                    | 8,829,500 |   |   | $ | 9,050,900 |   |
| PV-10      estimate per limited partner unit      (5)                                                                                                    |   | $                    | 2,812     |   |   | $ | 2,883 |   |
| Undiscounted      estimate per limited partner unit      (5)                                                                                             |   | $                    | 5,143     |   |   | $ | 5,352 |   |

| (1)   | “Proved      reserves” generally means the estimated quantities of crude oil, natural      gas, and natural gas liquids which geological and engineering data      demonstrate with reasonable certainty to be recoverable in future years      from known reservoirs under existing economic and operating conditions,      i.e., prices and costs as of the date the estimate is      made.  Prices include consideration of changes in existing      prices provided by contractual arrangements, but not escalations based on      future conditions.  Reservoirs are considered proved if economic      production is supported by either actual production or conclusive      formation test.  The area of a reservoir considered proved      includes: that portion delineated by drilling and defined by gas-oil      and/or oil-water contacts, if any; and the immediately adjoining portions      not yet drilled, but which can be reasonably judged as economically      productive on the basis of available geological and engineering      data. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2)   | “Proved      developed oil and gas reserves” generally means reserves that can be      expected to be recovered through existing wells with existing equipment      and operating methods. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3)   | The      present value of estimated future net cash flows is calculated by      discounting estimated future net cash flows by 10%    annually. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------|

| (4)   | Please      see Regulation S-X rule 4-10 for complete definitions of each reserve      category. |
|-----------------|--------------------------------------------------------------------------------------------------|

| (5)   | This      value per $10,000 unit is determined by following the methodology used for      determining our proved reserves using the data discussed      above.  However, this value does not necessarily reflect the      fair market value of a unit, and each unit is illiquid.  Also,      the value of a unit for purposes of presentment of the unit to our MGP for      purchase is different, because it is calculated under a formula set forth      in the partnership agreement. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                                                                                                                                                                                                                                             |   | Developed      Acreage |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------|--------|
| Location                                                                                                                                                                                                                                         |   | Gross      (1)         |   |   | Net      (2) |   |
| Pennsylvania                                       |   |                   | 2,857  |   |   |   | 2,795 |   |
| Ohio                                               |   |                   | 580    |   |   |   | 580 |   |
| Total                                                                                 |   |                   | 3,437  |   |   |   | 3,375 |   |

| (1)   | A      “gross” acre is an acre in which we own a working  interest. |
|-----------------|---------------------------------------------------------------------------------|

| (2)   | A      “net” acre equals the actual working interest we own in one gross acre      divided by one hundred.  For example, a 50% working interest in      an acre is one gross acre, but a .50 netacre. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | our      managing general partner consent; |
|--------------------|--------------------------------------------|

| ·   | the      transfer not result in materially adverse tax consequences to us;      and |
|--------------------|-------------------------------------------------------------------------------------|

| ·   | the      transfer not violate federal or state securities  laws. |
|--------------------|------------------------------------------------------------------|

| ·   | the      assignor gives the assignee theright; |
|--------------------|------------------------------------------------|

| ·   | our      managing general partner consents to the  substitution; |
|--------------------|------------------------------------------------------------------|

| ·   | the      assignee pays to us all costs and expenses incurred in connection with the      substitution; and |
|--------------------|------------------------------------------------------------------------------------------------------------|

| ·   | the      assignee executes and delivers the instruments which our managing general      partner requires to effect the substitution and to confirm his or her      agreement to be bound by the terms of our partnership      agreement. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | $1,706,500      and $2,469,100 to our limited partners;and |
|--------------------|------------------------------------------------------------|

| ·   | $806,600      and $1,161,900 to our managing generalpartner. |
|--------------------|--------------------------------------------------------------|

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   | Years      Ended December 31, |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   | 2007                          |   |   | 2006 |   |
| Production      revenues (in thousands):                                                                                                                                                                                                                                                                                                                                                                                                                               |   |                          |   |   |   |   |
| Gas                                                                                                                               |   | $                             | 3,338  |   |   | $ | 3,741 |   |
| Oil                                                                                                                               |   | $                             | 105    |   |   | $ | 86 |   |
| Total                                                                                                                             |   | $                             | 3,443  |   |   | $ | 3,827 |   |
| Production      volumes:                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |                          |   |   |   |   |   |   |
| Gas      (mcf/day)      (2)                                                                                                       |   |                          | 1,039  |   |   |   | 1,156 |   |
| Oil      (bbls/day)      (2)                                                                                                      |   |                          | 4      |   |   |   | 4 |   |
| Total      (mcfe/day)      (2)                                                                                                    |   |                          | 1,063  |   |   |   | 1,180 |   |
| Average      sales price:                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |                          |   |   |   |   |   |   |
| Gas      (per mcf) (1)      (2)                                                                                                   |   | $                             | 8.80   |   |   | $ | 8.87 |   |
| Oil      (per bbl)      (2)                                                                                                       |   | $                             | 65.88  |   |   | $ | 62.71 |   |
| Average      production costs:                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |                          |   |   |   |   |   |   |
| As      a percent of      sales                                                                                                   |   |                          | 27     | % |   |   | 21 | % |
| Per      mcfe      (2)                                                                                                            |   | $                             | 2.37   |   |   | $ | 1.91 |   |
| Depletion      per      mcfe                                                                        |   | $                             | 2.35   |   |   | $ | 1.84 |   |

| (1)   | The      average sales price per mcf before the effects of hedging was $7.50 and      $7.96 for the years ended December 31, 2007 and 2006,      respectively. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2)   | “Mcf”      means thousand cubic feet; “mcfe” means thousand cubic feet equivalent and      “bbls” means barrels.  Bbls are converted to mcfe using the      ratio of six mcfs to one bbl. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Fixed      Price Swaps |               |   |                 |    |   |             |   |   |                 |   |
|------------------------|--------------------|--------|----------------------|---------|--------|------------------|--------|--------|----------------------|--------|
|                   | Twelve      Month  |   |                 |    |   | Average          |   |   | Fair      Value      |   |
|                   | Period      Ending |   | Volumes              |    |   | Fixed      Price |   |   | Asset/               |   |
|                   | December      31,  |   | (per      MMBTU) (1) |    |   | (per      MMBTU) |   |   | (Liability)      (2) |   |
|                   |               |   |                 |    |   |             |   |   |                 |   |
|                   | 2008               |   |                 | 261,400 |   |             | $      | 8.69   |                 |   | $ | 231,100 |   |
|                   | 2009               |   |                 | 253,700 |   |             |   | 8.31   |                 |   |   | (44,500 | ) |
|                   | 2010               |   |                 | 145,200 |   |             |   | 7.61   |                 |   |   | (126,800 | ) |
|                   | 2011               |   |                 | 77,500  |   |             |   | 7.37   |                 |   |   | (77,900 | ) |
|                   |               |   |                 |    |   |             |   |   |                 |   | $ | (18,100 | ) |

| Costless      Collars |               |   |                |   |                 |    |   |                 |               |   |                 |   |
|-----------------------|--------------------|--------|---------------------|--------|----------------------|---------|--------|----------------------|--------------------|--------|----------------------|--------|
|                  |               |   |                |   |                 |    |   |                 |               |   |                 |   |
|                  | Twelve      Month  |   |                |   |                 |    |   | Average              |               |   | Fair      Value      |   |
|                  | Period      Ending |   | Option              |   | Volumes              |    |   | Floor      & Cap |               |   | Asset/               |   |
|                  | December      31,  |   | Type                |   | (per      MMBTU) (1) |    |   | (per      MMBTU)     |               |   | (Liability)      (2) |   |
|                  |               |   |                |   |                 |    |   |                 |               |   |                 |   |
|                  | 2008               |   | Puts      purchased |   |                 | 25,200  |   |                 | $                  | 7.50   |                 |   | $ | 6,000 |   |
|                  | 2008               |   | Calls      sold     |   |                 | 25,200  |   |                 |               | 9.40   |                 |   |   | — |   |
|                  | 2010               |   | Puts      purchased |   |                 | 46,500  |   |                 |               | 7.75   |                 |   |   | — |   |
|                  | 2010               |   | Calls      sold     |   |                 | 46,500  |   |                 |               | 8.75   |                 |   |   | (15,300 | ) |
|                  | 2011               |   | Puts      purchased |   |                 | 116,200 |   |                 |               | 7.50   |                 |   |   | — |   |
|                  | 2011               |   | Calls      sold     |   |                 | 116,200 |   |                 |               | 8.45   |                 |   |   | (56,400 | ) |
|                  | 2012               |   | Puts      purchased |   |                 | 11,600  |   |                 |               | 7.00   |                 |   |   | — |   |
|                  | 2012               |   | Calls      sold     |   |                 | 11,600  |   |                 |               | 8.37   |                 |   |   | (7,600 | ) |
|                  |               |   |                |   |                 |    |   |                 |               |   |                 |   | $ | (73,300 | ) |
|                  |               |   |                |   |                 |    |   |                 |               |   |                 |   |   |   |   |
|                  |               |   |                |   |                 |    |   |                 | Net      Liability |   |                 | $      | (91,400 | ) |

| (1)   | MMBTU      represents million British ThermalUnits. |
|-----------------|-----------------------------------------------------|

| (2)   | Fair      value based on forward NYMEX natural gasprices. |
|-----------------|-----------------------------------------------------------|

opinion on these financial statements based on ouraudits.

audit to obtain reasonableassurance about whether the financial statements are free of materialmisstatement. ThePartnership is not required to have, nor were we engaged to perform an 
audit of its internal control over financial reporting. Our 
audit included consideration of internal control over financialreporting as a basis for designing 
audit procedures that areappropriate in the circumstances, but not for the purpose of expressing an
opinion on the effectiveness of the Partnership’s internalcontrol over financial reporting. Accordingly, we expressno such 
opinion. An 
audit also includes examining, on a test basis, evidence supportingthe amounts and disclosures in the financial statements, assessing theaccounting principles used and significant estimates made by management, as wellas evaluating the overall financial statement presentation. We believe that ouraudits provide a reasonable basis for our 
opinion.

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   | 2007   |       |   | 2006   |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|------------|--------|--------|--------|
| ASSETS                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   |       |   |   |   |
| Current      assets:                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |   |       |   |   |   |
| Cash      and cash      equivalents                                                                             |   | $      | 212,400    |   |   | $      | 277,300 |   |
| Accounts      receivable-affiliate                                                                              |   |   | 666,200    |   |   |   | 713,600 |   |
| Short-term      hedge receivable due from affiliate                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   | 242,800    |   |   |   | 587,500 |   |
| Total      current      assets                                                                                                           |   |   | 1,121,400  |   |   |   | 1,578,400 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |   |       |   |   |   |   |   |
| Oil      and gas properties,      net                                                                           |   |   | 13,517,200 |   |   |   | 14,455,900 |   |
| Long-term      hedge receivable due from affiliate                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   | 36,300     |   |   |   | 507,200 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   | $      | 14,674,900 |   |   | $      | 16,541,500 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |   |       |   |   |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |   |       |   |   |   |   |   |
| LIABILITIES      AND PARTNERS’ CAPITAL                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   |       |   |   |   |   |   |
| Current      liabilities:                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   |       |   |   |   |   |   |
| Accrued      liabilities                                                                                        |   | $      | 18,300     |   |   | $      | 18,000 |   |
| Short-term      hedge liability due to affiliate                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |   | 5,700      |   |   |   | 3,600 |   |
| Total      current      liabilities                                                                                                      |   |   | 24,000     |   |   |   | 21,600 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |   |       |   |   |   |   |   |
| Asset      retirement      obligation                                                                           |   |   | 801,500    |   |   |   | 774,200 |   |
| Long-term      hedge liability due to affiliate                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |   | 364,800    |   |   |   | 81,600 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |   |       |   |   |   |   |   |
| Partners’      capital:                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |   |       |   |   |   |   |   |
| Managing      general      partner                                                                              |   |   | 2,297,600  |   |   |   | 2,505,000 |   |
| Limited      partners (2,135      units)                                                                        |   |   | 11,278,400 |   |   |   | 12,149,600 |   |
| Accumulated      other comprehensive (loss) income                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   | (91,400    | )      |   |   | 1,009,500 |   |
| Total      partners'      capital                                                                                                        |   |   | 13,484,600 |   |   |   | 15,664,100 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   | $      | 14,674,900 |   |   | $      | 16,541,500 |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   | 2007   |      |   | 2006   |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|-----------|--------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |   |      |   |   |   |
| REVENUES                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |   |      |   |   |   |
| Natural      gas and      oil                                                                                                                                         |   | $      | 3,443,600 |   |   | $      | 3,826,900 |   |
| Interest      income                                                                                                                                                  |   |   | 14,900    |   |   |   | 20,700 |   |
| Total      revenues                                                                                                                                                                            |   |   | 3,458,500 |   |   |   | 3,847,600 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |   |      |   |   |   |   |   |
| COSTS      AND EXPENSES                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |   |      |   |   |   |   |   |
| Production                                                                                                                                                            |   |   | 921,200   |   |   |   | 819,900 |   |
| Depletion                                                                                                                                                             |   |   | 912,400   |   |   |   | 791,700 |   |
| Accretion      of asset retirement      obligation                                                                                                                    |   |   | 46,500    |   |   |   | 40,400 |   |
| General      and      administrative                                                                                                                                  |   |   | 143,900   |   |   |   | 130,100 |   |
| Total      expenses                                                                                                                                                                            |   |   | 2,024,000 |   |   |   | 1,782,100 |   |
| Net      earnings                                                                                                                       |   | $      | 1,434,500 |   |   | $      | 2,065,500 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |   |      |   |   |   |   |   |
| Allocation      of net earnings:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |      |   |   |   |   |   |
| Managing      general      partner                                                                                                                                    |   | $      | 599,200   |   |   | $      | 782,200 |   |
| Limited      partners                                                                                                                                                 |   | $      | 835,300   |   |   | $      | 1,283,300 |   |
| Net      earnings per limited partnership      unit                                                                                     |   | $      | 391       |   |   | $      | 601 |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   | December      31, |       |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------|------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   | 2007              |       |   | 2006 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |              |       |   |   |   |
| Net      earnings                                                                                                           |   | $                 | 1,434,500  |   |   | $ | 2,065,500 |   |
| Other      comprehensive (loss)      income:                                                                                |   |              |       |   |   |   |   |   |
| Unrealized      holding (loss) gain on hedging contracts                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |              | (607,200   | ) |   |   | 1,600,900 |   |
| Less:      reclassification adjustment for gains                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |              |       |   |   |   |   |   |
| realized      in net      earnings                                                                                          |   |              | (493,700   | ) |   |   | (359,100 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |              | (1,100,900 | ) |   |   | 1,241,800 |   |
| Comprehensive      income                                                                                                   |   | $                 | 333,600    |   |   | $ | 3,307,300 |   |

|                                                                                                                                                                                                                                                                                                                                                                                 |   |     |       |   |     |   |       | Accumulated        |   |   |       |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------|------------|--------|----------|--------|------------|--------------------|--------|--------|------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                 |   | Managing |       |   |     |   |       | Other              |   |   |       |   |
|                                                                                                                                                                                                                                                                                                                                                                                 |   | General  |       |   | Limited  |   |       | Comprehensive      |   |   |       |   |
|                                                                                                                                                                                                                                                                                                                                                                                 |   | Partner  |       |   | Partners |   |       | (Loss)      Income |   |   | Total      |   |
|                                                                                                                                                                                                                                                                                                                                                                                 |   |     |       |   |     |   |       |               |   |   |       |   |
| Balance      at December 31, 2005                                                                                                                                                                                                                                                                                                                                                    |   | $        | 2,884,700  |   |     | $      | 13,335,400 |               |   | $      | (232,300   | )      |   | $ | 15,987,800 |   |
|                                                                                                                                                                                                                                                                                                                                                                                 |   |     |       |   |     |   |       |               |   |   |       |   |   |   |   |   |
| Participation      in revenue and expenses:                                                                                                                                                                                                                                                                                                                                          |   |     |       |   |     |   |       |               |   |   |       |   |   |   |   |   |
| Net      production      revenues                                                                                          |   |     | 962,200    |   |     |   | 2,044,800  |               |   |   | —    |   |   |   | 3,007,000 |   |
| Interest      income                                                                                                       |   |     | 6,600      |   |     |   | 14,100     |               |   |   | —    |   |   |   | 20,700 |   |
| Depletion                                                                                                                  |   |     | (132,100   | )      |     |   | (659,600   | )                  |   |   | —    |   |   |   | (791,700 | ) |
| Accretion      of asset retirement obligation                                                                                                                                                                                                                                                                                                                                        |   |     | (12,900    | )      |     |   | (27,500    | )                  |   |   | —    |   |   |   | (40,400 | ) |
| General      and      administrative                                                                                       |   |     | (41,600    | )      |     |   | (88,500    | )                  |   |   | —    |   |   |   | (130,100 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                 |   |     |       |   |     |   |       |               |   |   |       |   |   |   |   |   |
| Net      earnings                                                                                                                                   |   |     | 782,200    |   |     |   | 1,283,300  |               |   |   | —    |   |   |   | 2,065,500 |   |
|                                                                                                                                                                                                                                                                                                                                                                                 |   |     |       |   |     |   |       |               |   |   |       |   |   |   |   |   |
| Other      comprehensive      income                                                         |   |     | —    |   |     |   | —    |               |   |   | 1,241,800  |   |   |   | 1,241,800 |   |
|                                                                                                                                                                                                                                                                                                                                                                                 |   |     |       |   |     |   |       |               |   |   |       |   |   |   |   |   |
| Distributions      to      partners                                                          |   |     | (1,161,900 | )      |     |   | (2,469,100 | )                  |   |   | —    |   |   |   | (3,631,000 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                 |   |     |       |   |     |   |       |               |   |   |       |   |   |   |   |   |
| Balance      at December 31, 2006                                                                                                                                                                                                                                                                                                                                                    |   | $        | 2,505,000  |   |     | $      | 12,149,600 |               |   | $      | 1,009,500  |   |   | $ | 15,664,100 |   |
|                                                                                                                                                                                                                                                                                                                                                                                 |   |     |       |   |     |   |       |               |   |   |       |   |   |   |   |   |
| Participation      in revenue and expenses:                                                                                                                                                                                                                                                                                                                                          |   |     |       |   |     |   |       |               |   |   |       |   |   |   |   |   |
| Net      production      revenues                                                                                          |   |     | 807,200    |   |     |   | 1,715,200  |               |   |   | —    |   |   |   | 2,522,400 |   |
| Interest      income                                                                                                       |   |     | 4,800      |   |     |   | 10,100     |               |   |   | —    |   |   |   | 14,900 |   |
| Depletion                                                                                                                  |   |     | (151,800   | )      |     |   | (760,600   | )                  |   |   | —    |   |   |   | (912,400 | ) |
| Accretion      of asset retirement obligation                                                                                                                                                                                                                                                                                                                                        |   |     | (14,900    | )      |     |   | (31,600    | )                  |   |   | —    |   |   |   | (46,500 | ) |
| General      and      administrative                                                                                                                                                                                                                                   |   |     | (46,100    | )      |     |   | (97,800    | )                  |   |   | —    |   |   |   | (143,900 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                 |   |     |       |   |     |   |       |               |   |   |       |   |   |   |   |   |
| Net      earnings                                                                                                                                   |   |     | 599,200    |   |     |   | 835,300    |               |   |   | —    |   |   |   | 1,434,500 |   |
|                                                                                                                                                                                                                                                                                                                                                                                 |   |     |       |   |     |   |       |               |   |   |       |   |   |   |   |   |
| Other      comprehensive      loss                                                           |   |     | —    |   |     |   | —    |               |   |   | (1,100,900 | )      |   |   | (1,100,900 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                 |   |     |       |   |     |   |       |               |   |   |       |   |   |   |   |   |
| Distributions      to      partners                                                          |   |     | (806,600   | )      |     |   | (1,706,500 | )                  |   |   | —    |   |   |   | (2,513,100 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                 |   |     |       |   |     |   |       |               |   |   |       |   |   |   |   |   |
| Balance      at December 31, 2007                                                                                                                                                                                                                                                                                                                                                    |   | $        | 2,297,600  |   |     | $      | 11,278,400 |               |   | $      | (91,400    | )      |   | $ | 13,484,600 |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   | 2007   |       |   | 2006   |    |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|------------|--------|--------|---------|
| Cash      flows from operating activities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |       |   |   |    |
| Net      earnings                                                                                                                                                |   | $      | 1,434,500  |   |   | $       | 2,065,500 |   |
| Adjustments      to reconcile net earnings to net cash provided by operating      activities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   |       |   |   |    |   |   |
| Depletion                                                                                                                                                                                                                                                                                                                                                                               |   |   | 912,400    |   |   |    | 791,700 |   |
| Accretion      of asset retirement      obligation                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   | 46,500     |   |   |    | 40,400 |   |
| Decrease      in accounts receivable –      affiliate                                                                                                                                                                                                                                                                                                                                                                                    |   |   | 47,400     |   |   |    | 626,000 |   |
| Increase      (decrease) in accrued      liabilities                                                                                                                                                                                                                                                                                                                                                                                                                    |   |   | 300        |   |   |    | (3,700 | ) |
| Net      cash provided by operating      activities                                                                                                                                                                                                                                                                                                                                                                                                 |   |   | 2,441,100  |   |   |    | 3,519,900 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   |       |   |   |    |   |   |
| Cash      flows from investing activities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |       |   |   |    |   |   |
| Proceeds      from sale of tangible      equipment                                                                                                                                                                                                                                       |   |   | 7,100      |   |   | ─ |   |
| Net      cash provided by investing      activities                                                                                                                                                                                                                                                                                                                                                                                                           |   |   | 7,100      |   |   | ─ |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   |       |   |   |    |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   |       |   |   |    |   |   |
| Cash      flows from financing activities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |       |   |   |    |   |   |
| Distributions      to      Partners                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   | (2,513,100 | )      |   |    | (3,631,000 | ) |
| Net      cash used in financing      activities                                                                                                                                                                                                                                                                                                                                                             |   |   | (2,513,100 | )      |   |    | (3,631,000 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   |       |   |   |    |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   |       |   |   |    |   |   |
| Net      decrease in cash and cash      equivalents                                                                                                                                            |   |   | (64,900    | )      |   |    | (111,100 | ) |
| Cash      and cash equivalents at beginning of      period                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |   | 277,300    |   |   |    | 388,400 |   |
| Cash      and cash equivalents at end of      period                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   | $      | 212,400    |   |   | $       | 277,300 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   |       |   |   |    |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   |       |   |   |    |   |   |
| Supplemental Schedule      of non-cash investing and financing activities:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   |       |   |   |    |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   |       |   |   |    |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |   |       |   |   |    |   |   |
| Asset      retirement obligation      revision                                                                                                                   |   | $      | (19,200    | )      |   | $       | 61,200 |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   | December      31, |        |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------|-------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   | 2007              |        |   | 2006 |   |
| Mineral      interest in properties:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |              |        |   |   |   |
| Proved      properties                                                                                                                                                             |   | $                 | 338,500     |   |   | $ | 338,500 |   |
| Wells      and related      equipment                                                                                                                                              |   |              | 25,240,900  |   |   |   | 25,267,200 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |              | 25,579,400  |   |   |   | 25,605,700 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |              |        |   |   |   |   |   |
| Accumulated      depletion of oil and gas      properties                                                                                            |   |              | (12,062,200 | ) |   |   | (11,149,800 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   | $                 | 13,517,200  |   |   | $ | 14,455,900 |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   | Years      Ended  |    |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------|---------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   | December      31, |    |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   | 2007              |    |   | 2006 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |              |    |   |   |   |
| Asset      retirement obligation at beginning of      year                                                                                              |   | $                 | 774,200 |   |   | $ | 672,600 |   |
| Revision      in      estimates                                                                                                                         |   |              | (19,200 | ) |   |   | 61,200 |   |
| Accretion      expense                                                                                                                                  |   |              | 46,500  |   |   |   | 40,400 |   |
| Total      asset retirement obligation at end of      year                                                                                              |   | $                 | 801,500 |   |   | $ | 774,200 |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   | Managing |   |   |     |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------|--------|--------|----------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   | General  |   |   | Limited  |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   | Partner  |   |   | Partners |   |
| Organization      and offering      costs                                                                                          |   |     | 100    | %      |     |   | 0 | % |
| Lease      costs                                                                                                                   |   |     | 100    | %      |     |   | 0 | % |
| Revenues      (1)                                                                                                                  |   |     | 32     | %      |     |   | 68 | % |
| Operating      costs, administrative costs, direct and all other costs (2)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |     | 32     | %      |     |   | 68 | % |
| Intangible      drilling      costs                                                                                                |   |     | 0      | %      |     |   | 100 | % |
| Tangible      equipment      costs                                                                                                 |   |     | 66     | %      |     |   | 34 | % |

| (1)   | Subject      to the MGP’s subordination obligation, substantially all partnership      revenues will be shared in the same percentage as capital contributions      are to the total partnership capital contributions, except that the MGP      will receive an additional 7% of the partnership  revenues. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2)   | These      costs will be charged to the partners in the same ratio as the related      production revenues are credited. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------|

| ·   | Administrative      costs which are included in general and administrative expenses in the      Partnership’s Statements of Net Earnings are payable at $75 per well per      month.  Administrative costs incurred in 2007 and 2006 were      $87,300 and $88,000, respectively. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Monthly      well supervision fees which are included in production expenses in the      Partnership’s Statements of Net Earnings are payable at $316 and $303 per      well per month in 2007 and 2006, respectively, for operating and      maintaining the wells.  Well supervision fees incurred in 2007      and 2006 were $367,800 and $355,300,  respectively. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Transportation      fees which are included in production expenses in the Partnership’s      Statements of Net Earnings are payable at rates ranging from $ .29-$.35      per one thousand cubic feet ("Mcf") to 13% of the natural gas sales price.      Transportation fees incurred in 2007 and 2006 were $408,000 and $352,700,      respectively. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Direct      costs which are included in production and general administrative expenses      in the Partnership's Statements of Net Earnings are payable to the MGP and      its affiliates as reimbursement for all costs expended on the      Partnership’s behalf. Direct costs incurred in 2007 and 2006 were $202,000      and $154,000, respectively. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Fixed      Price Swaps |               |   |                 |    |   |             |   |   |                 |   |
|------------------------|--------------------|--------|----------------------|---------|--------|------------------|--------|--------|----------------------|--------|
|                   | Twelve      Month  |   |                 |    |   | Average          |   |   | Fair      Value      |   |
|                   | Period      Ending |   | Volumes              |    |   | Fixed      Price |   |   | Asset/               |   |
|                   | December      31,  |   | (per      MMBTU) (1) |    |   | (per      MMBTU) |   |   | (Liability)      (2) |   |
|                   |               |   |                 |    |   |             |   |   |                 |   |
|                   | 2008               |   |                 | 261,400 |   |             | $      | 8.69   |                 |   | $ | 231,100 |   |
|                   | 2009               |   |                 | 253,700 |   |             |   | 8.31   |                 |   |   | (44,500 | ) |
|                   | 2010               |   |                 | 145,200 |   |             |   | 7.61   |                 |   |   | (126,800 | ) |
|                   | 2011               |   |                 | 77,500  |   |             |   | 7.37   |                 |   |   | (77,900 | ) |
|                   |               |   |                 |    |   |             |   |   |                 |   | $ | (18,100 | ) |

| Costless      Collars |               |   |                |   |                 |    |   |                 |               |   |                 |   |
|-----------------------|--------------------|--------|---------------------|--------|----------------------|---------|--------|----------------------|--------------------|--------|----------------------|--------|
|                  |               |   |                |   |                 |    |   |                 |               |   |                 |   |
|                  | Twelve      Month  |   |                |   |                 |    |   | Average              |               |   | Fair      Value      |   |
|                  | Period      Ending |   | Option              |   | Volumes              |    |   | Floor      & Cap |               |   | Asset/               |   |
|                  | December      31,  |   | Type                |   | (per      MMBTU) (1) |    |   | (per      MMBTU)     |               |   | (Liability)      (2) |   |
|                  |               |   |                |   |                 |    |   |                 |               |   |                 |   |
|                  | 2008               |   | Puts      purchased |   |                 | 25,200  |   |                 | $                  | 7.50   |                 |   | $ | 6,000 |   |
|                  | 2008               |   | Calls      sold     |   |                 | 25,200  |   |                 |               | 9.40   |                 |   |   | — |   |
|                  | 2010               |   | Puts      purchased |   |                 | 46,500  |   |                 |               | 7.75   |                 |   |   | — |   |
|                  | 2010               |   | Calls      sold     |   |                 | 46,500  |   |                 |               | 8.75   |                 |   |   | (15,300 | ) |
|                  | 2011               |   | Puts      purchased |   |                 | 116,200 |   |                 |               | 7.50   |                 |   |   | — |   |
|                  | 2011               |   | Calls      sold     |   |                 | 116,200 |   |                 |               | 8.45   |                 |   |   | (56,400 | ) |
|                  | 2012               |   | Puts      purchased |   |                 | 11,600  |   |                 |               | 7.00   |                 |   |   | — |   |
|                  | 2012               |   | Calls      sold     |   |                 | 11,600  |   |                 |               | 8.37   |                 |   |   | (7,600 | ) |
|                  |               |   |                |   |                 |    |   |                 |               |   |                 |   | $ | (73,300 | ) |
|                  |               |   |                |   |                 |    |   |                 |               |   |                 |   |   |   |   |
|                  |               |   |                |   |                 |    |   |                 | Net      Liability |   |                 | $      | (91,400 | ) |

| (1)   | MMBTU      represents million British ThermalUnits. |
|-----------------|-----------------------------------------------------|

| (2)   | Fair      value based on forward NYMEX natural gasprices. |
|-----------------|-----------------------------------------------------------|

|                                                                                                                                                                                                                                                                                                |   | December      31, 2007 |     |   | December      31, 2006 |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------|----------|--------|------------------------|--------|
|                                                                                                                                                                                                                                                                                                |   | Book      Value        |     |   | Fair      Value        |   |   | Book      Value |   |   | Fair      Value |   |
| Assets                                                                                                                                                                                                                                                                                              |   |                   |     |   |                   |   |   |   |   |   |   |   |
| Derivative      instruments                                             |   | $                      | 279,100  |   |                   | $      | 279,100 |   |   | $ | 1,094,700 |   |   | $ | 1,094,700 |   |
|                                                                                                                                                                                                                                                                                                |   | $                      | 279,100  |   |                   | $      | 279,100 |   |   | $ | 1,094,700 |   |   | $ | 1,094,700 |   |
| Liabilities                                                                                                                                                                                                                                                                                         |   |                   |     |   |                   |   |   |   |   |   |   |   |   |   |   |   |
| Derivative      instruments                                             |   | $                      | (370,500 | )      |                   | $      | (370,500 | ) |   | $ | (85,200 | ) |   | $ | (85,200 | ) |
|                                                                                                                                                                                                                                                                                                |   | $                      | (91,400  | )      |                   | $      | (91,400 | ) |   | $ | 1,009,500 |   |   | $ | 1,009,500 |   |

| (1)   | Capitalized      Costs Related to Oil and Gas Producing  Activities |
|-----------------|---------------------------------------------------------------------|

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   | At      December 31, |        |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------|-------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   | 2007                 |        |   | 2006 |   |
| Mineral      interests in proved properties                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   | $                    | 338,500     |   |   | $ | 338,500 |   |
| Wells      and related      equipment                                                                                        |   |                 | 25,240,900  |   |   |   | 25,267,200 |   |
| Accumulated      depletion                                                                                                   |   |                 | (12,062,200 | ) |   |   | (11,149,800 | ) |
| Net      capitalized      cost                                                                                                                                                                               |   | $                    | 13,517,200  |   |   | $ | 14,455,900 |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   | Natural      Gas |       |   | Oil    |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------|------------|--------|--------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   | (Mcf)            |       |   | (Bbls) |   |
| Proved      developed reserves:                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |             |       |   |   |   |
| Balance      at December 31,      2005                                                                           |   |             | 6,682,900  |   |   |   | 25,500 |   |
| Production                                                                                                       |   |             | (422,000   | )      |   |   | (1,400 | ) |
| Revisions      to previous      estimates                                                                        |   |             | (1,558,400 | )      |   |   | (14,400 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |             |       |   |   |   |   |   |
| Balance      at December 31,      2006                                                                           |   |             | 4,702,500  |   |   |   | 9,700 |   |
| Production                                                                                                       |   |             | (379,300   | )      |   |   | (1,600 | ) |
| Revisions      to previous      estimates                                                                        |   |             | (298,600   | )      |   |   | 2,100 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |             |       |   |   |   |   |   |
| Balance      at December 31,      2007                                                                           |   |             | 4,024,600  |   |   |   | 10,200 |   |

| NAME                    | AGE    | POSITION OR      OFFICE                                                             |
|-------------------------|--------|-------------------------------------------------------------------------------------|
|                    |   |                                                                                |
| Freddie      M. Kotek   | 52     | Chairman      of the Board of Directors, Chief Executive Officer and      President |
| Frank      P. Carolas   | 48     | Executive      Vice President – Land and Geology and a Director               |
| Jeffrey      C. Simmons | 49     | Executive      Vice President – Operations and a Director                     |
| Jack      L. Hollander  | 51     | Senior      Vice President – Direct Participation Programs                    |
| Nancy      J. McGurk    | 52     | Senior      Vice President – Chief Financial Officer                          |
| Michael      L. Staines | 58     | Senior      Vice President, Secretary and a Director                                |
| Matthew      A. Jones   | 46     | Chief      Financial Officer                                                        |

| ·   | the      approximate amount of an individual’s professional time devoted to the      business and affairs of our managing general partner and Atlas America      have been aggregated because there is no reasonable method for them to      distinguish their activities between the two companies;  and |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | for      those individuals who also hold senior positions with other affiliates of      our MGP, if it is stated that they devote approximately 100% of their      professional time to our managing general partner and Atlas America, it is      because either the other affiliates are not currently active in drilling      new wells, such as Viking Resources or Resource Energy, and the      individuals are not required to devote a material amount of their      professional time to the affiliates, or there is no reasonable method to      distinguish their activities between our MGP and Atlas as compared with      the other affiliates of our MGP, such as Viking Resources or Resource      Energy. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |   | Description                                                   |   | Location                                    |
|--------|--------|---------------------------------------------------------------|--------|---------------------------------------------|
|   |   |                                                          |   |                                        |
| 4(a)   |   | Certificate      of Limited Partnership for Atlas America     |   | Previously      filed in our Form SB-2/A on |
|   |   | Public      #10 Ltd.                                          |   | October      26, 2001                       |
|   |   |                                                          |   |                                        |
| 4(b)   |   | Amended      and Restated Certificate and Agreement           |   | Previously      filed in our Form SB-2/A on |
|   |   | of      Limited Partnership for Atlas America Public #10 Ltd. |   | October      26, 2001                       |
|   |   |                                                          |   |                                        |
| 4(c)   |   | Drilling      and Operating Agreement for Atlas America       |   | Previously      filed in our Form SB-2/A on |
|   |   | Public      #10 Ltd.                                          |   | October      26, 2001                       |
|   |   |                                                          |   |                                        |
| 31.1   |   | Rule      13a-14(a)/15(d) – 14(a) Certification         |   |                                        |
|   |   |                                                          |   |                                        |
| 31.2   |   | Rule      13a-14(a)/15(d) – 14(a) Certification         |
|   |   |                                                          |
| 32.1   |   | Section      1350 Certification                               |
|   |   |                                                          |
| 32.2   |   | Section      1350 Certification                               |
|   |   |                                                          |

| In      accordance with Section 13 or 15(d) of the Exchange Act, the registrant      caused this report to be signed on |
|-------------------------------------------------------------------------------------------------------------------------|
| its      behalf by the undersigned, thereunto duly authorized.                                                          |
|                                                                                                                    |   |   |
|                                                                                                                    |   |   |
| Atlas      America Public #10 Ltd.                                                                                      |   |   |
|                                                                                                                    |   |   |
|                                                                                                                    |   | Atlas      Resources, LLC, Managing General Partner |
|                                                                                                                    |   |   |
| Date:  March      28, 2008                                                                                    |   | By:/s/ Freddie M.      Kotek |
|                                                                                                                    |   | Freddie      M. Kotek Chairman of the Board of Directors, Chief    Executive |
|                                                                                                                    |   | Officer      and President |
|                                                                                                                    |   |   |
|                                                                                                                    |   |   |
|                                                                                                                    |   |   |
|                                                                                                                    |   |   |
| In      accordance with the Exchange Act, this report has been signed by the      following persons on behalf of the    |
| registrant      and in the capacities and on the dates indicated.                                                       |
|                                                                                                                    |   |   |
|                                                                                                                    |   |   |
| Date:  March      28, 2008                                                                                    |   | By:/s/ Freddie M.      Kotek |
|                                                                                                                    |   | Freddie      M. Kotek, Chairman of the Board of Directors, Chief    Executive |
|                                                                                                                    |   | Officer      and President |
|                                                                                                                    |   |   |
|                                                                                                                    |   |   |
|                                                                                                                    |   |   |
| Date:  March      28, 2008                                                                                    |   | By:/s/ Frank P.      Carolas |
|                                                                                                                    |   | Frank      P. Carolas, Executive Vice President – Land and Geology |
|                                                                                                                    |   |   |
|                                                                                                                    |   |   |
|                                                                                                                    |   |   |
| Date:  March      28, 2008                                                                                    |   | By:/s/ Jeffrey C.      Simmons |
|                                                                                                                    |   | Jeffrey      C. Simmons, Executive Vice President – Operations |
|                                                                                                                    |   |   |
|                                                                                                                    |   |   |
|                                                                                                                    |   |   |
| Date:  March      28, 2008                                                                                    |   | By:/s/ Nancy J.      McGurk |
|                                                                                                                    |   | Nancy      J. McGurk, Vice President, Chief Accounting Officer |
|                                                                                                                    |   |   |
|                                                                                                                    |   |   |
|                                                                                                                    |   |   |
| Date:  March      28, 2008                                                                                    |   | By:/s/ Matthew A.      Jones |
|                                                                                                                    |   | Matthew      A. Jones, Chief Financial Officer |
|                                                                                                                    |   |   |
|                                                                                                                    |   |   |