UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

|  |                                                                                         
|- | ----------------------------------------------------------------------------------------
|x | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
 SECURITIES EXCHANGE ACT OF 1934
|  | For the quarterly period
 ended March 31, 2009                                          

or


|  |                                                                                          
|- | -----------------------------------------------------------------------------------------
|o | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
 SECURITIES EXCHANGE ACT OF 1934
|  | For the transition period
 from _______________________to____________________________    

Commission File No: 000-52578

|                                                        |  |                     
|------------------------------------------------------- |  | --------------------
|RIDGEWOOD ENERGY T FUND, LLC                           
|(Exact
 name of registrant as specified in its charter)
|                                                       
|Delaware                                                |  | 27-0141421          
|(State
 or other jurisdiction of                        |  | (I.R.S.
 Employer   
|incorporation
 or organization)                         |  | Identification
 No.)
|                                                        |  |                     
|947 Linwood Avenue, Ridgewood,
 NJ 07450               
|(Address
 of principal executive offices) (Zip code)   
|                                                        |  |                     
|(800) 942-5550                                         
|(Registrants
 telephone number, including area code)  

Indicate
by check mark whether the registrant (1) has filed all reports required to
be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934
during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to
such filing requirements for the past 90 days.   Yes x     No o

Indicate by check mark whether the
registrant has submitted electronically and posted on its corporate Web site, if any,
every Interactive Data File required to be submitted and posted pursuant to Rule 405 of
Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such
shorter period that the registrant was required to submit and post such files).
  Yes o      No o

Indicate
by check mark whether the registrant is a large accelerated filer, an
accelerated filer, a non-accelerated filer, or a smaller reporting company. See
the definitions of large accelerated filer, accelerated filer and smaller
reporting company in Rule 12b-2 of the Exchange Act.

| |                                                |   |                           |   | 
| | ---------------------------------------------- | - | ------------------------- | - | 
| | Large accelerated filer                        | o | Accelerated filer         | o | 
| | Non-accelerated filer                          | o | Smaller reporting company | x | 
| | (Do not check if a smaller
 reporting company) |   |                           |   | 
| |                                                |   |                           |   | 

Indicate
by check mark whether the registrant is a shell company (as defined in Rule
12b-2 of the Act).   Yes o      No x

There
is no market for the shares. As of May 7, 2009 there are 971.6054 shares
outstanding

---



|                               |  |                                                                                        |                                                                                                                                   |    |      | 
|------------------------------ |  | -------------------------------------------------------------------------------------- | --------------------------------------------------------------------------------------------------------------------------------- | -- | ---- | 
|                               |  |                                                                                        |                                                                                                                                   |    | Page
|PART I - FINANCIAL INFORMATION |  |                                                                                        |                                                                                                                                  
|Item 1.                        |  | Financial Statements:                                                                  |                                                                                                                                   | 2  |     
|                               |  |                                                                                        | Unaudited Condensed Balance Sheets as of March
 31, 2009 and December 31, 2008                                                    |    | 2    | 
|                               |  |                                                                                        | Unaudited Condensed Statements of Operations and
 Comprehensive (Loss) Income for the three months ended March 31, 2009 and
 2008 |    | 3    | 
|                               |  |                                                                                        | Unaudited Condensed Statements of Cash Flows for
 the three months ended March 31, 2009 and 2008                                  |    | 4    | 
|                               |  |                                                                                        | Notes to Unaudited Condensed Financial Statements                                                                                 |    | 5    | 
|Item 2.                        |  | Managements Discussion and Analysis of Financial
 Condition and Results of Operations |                                                                                                                                   | 11 |     
|Item 3.                        |  | Quantitative and Qualitative Disclosures about
 Market Risk                            |                                                                                                                                   | 16 |     
|Item 4.                        |  | Controls and Procedures                                                                |                                                                                                                                   | 17 |     
|                              
|PART II - OTHER INFORMATION    |  |                                                                                        |                                                                                                                                  
|Item 1.                        |  | Legal Proceedings                                                                      |                                                                                                                                   | 17 |     
|Item 1A.                       |  | Risk Factors                                                                           |                                                                                                                                   | 17 |     
|Item 2.                        |  | Unregistered Sales of Equity Securities and Use
 of Proceeds                           |                                                                                                                                   | 17 |     
|Item 3.                        |  | Defaults Upon Senior Securities                                                        |                                                                                                                                   | 17 |     
|Item 4.                        |  | Submission of Matters to a Vote of Security
 Holders                                   |                                                                                                                                   | 17 |     
|Item 5.                        |  | Other Information                                                                      |                                                                                                                                   | 17 |     
|Item 6.                        |  | Exhibits                                                                               |                                                                                                                                   | 18 |     
|                              
|                               |  | SIGNATURES                                                                             |                                                                                                                                   | 19 |     

1

---



PART I - FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS


RIDGEWOOD ENERGY T FUND, LLCUNAUDITED CONDENSED BALANCE SHEETS
(in thousands, except share data)

|                                                                                  |  |                |         |                   |   |         |  
|--------------------------------------------------------------------------------- |  | -------------- | ------- | ----------------- | - | ------- | -
|                                                                                  |  | March 31, 2009 |         | December 31, 2008 |  
|                                                                                  |  |                |         |                   |  
|ASSETS                                                                            |  |                |         |                   |   |         |  
|Current assets:                                                                   |  |                |         |                   |   |         |  
|Cash and cash equivalents                                                         |  | $              | 4,999   |                   | $ | 13,162  |  
|Short-term investment in available-for-sale
securities                            |  |                | 19,899  |                   |   | 20,074  |  
|Production receivable                                                             |  |                | 679     |                   |   | 647     |  
|Other current assets                                                              |  |                | 311     |                   |   | 154     |  
|                                                                                  |  |                |         |                   |   |         |  
|Total current assets                                                              |  |                | 25,888  |                   |   | 34,037  |  
|Salvage fund                                                                      |  |                | 1,092   |                   |   | 1,084   |  
|Oil and gas properties:                                                           |  |                |         |                   |   |         |  
|Advances to operators for working interests and
expenditures                      |  |                |        |                   |   | 128     |  
|Unproved properties                                                               |  |                | 2,975   |                   |   | 984     |  
|Proved properties                                                                 |  |                | 39,623  |                   |   | 37,847  |  
|Less: accumulated depletion and
amortization                                      |  |                | (5,824  | )                 |   | (4,535  | )
|                                                                                  |  |                |         |                   |   |         |  
|Total oil and gas properties, net                                                 |  |                | 36,774  |                   |   | 34,424  |  
|                                                                                  |  |                |         |                   |   |         |  
|                                                                                  |  |                |         |                   |   |         |  
|Total assets                                                                      |  | $              | 63,754  |                   | $ | 69,545  |  
|                                                                                  |  |                |         |                   |   |         |  
|                                                                                  |  |                |         |                   |   |         |  
|LIABILITIES
 AND MEMBERS CAPITAL                                                 |  |                |         |                   |   |         |  
|Current liabilities:                                                              |  |                |         |                   |   |         |  
|Due to operators                                                                  |  | $              | 853     |                   | $ | 2,490   |  
|Accrued expenses                                                                  |  |                | 131     |                   |   | 100     |  
|                                                                                  |  |                |         |                   |   |         |  
|Total current liabilities                                                         |  |                | 984     |                   |   | 2,590   |  
|Asset retirement obligations                                                      |  |                | 497     |                   |   | 455     |  
|                                                                                  |  |                |         |                   |   |         |  
|Total liabilities                                                                 |  |                | 1,481   |                   |   | 3,045   |  
|                                                                                  |  |                |         |                   |   |         |  
|                                                                                  |  |                |         |                   |   |         |  
|Commitments and contingencies (Note 8)                                            |  |                |         |                   |   |         |  
|Members capital:                                                                 |  |                |         |                   |   |         |  
|Manager:                                                                          |  |                |         |                   |   |         |  
|Distributions                                                                     |  |                | (2,139  | )                 |   | (1,643  | )
|Retained earnings                                                                 |  |                | 460     |                   |   | 401     |  
|                                                                                  |  |                |         |                   |   |         |  
|Managers total                                                                   |  |                | (1,679  | )                 |   | (1,242  | )
|                                                                                  |  |                |         |                   |   |         |  
|Shareholders:                                                                     |  |                |         |                   |   |         |  
|Capital contributions (1,000 shares authorized;
971.6054 issued and
 outstanding) |  |                | 144,529 |                   |   | 144,529 |  
|Syndication costs                                                                 |  |                | (16,990 | )                 |   | (16,990 | )
|Distributions                                                                     |  |                | (12,123 | )                 |   | (9,309  | )
|Accumulated deficit                                                               |  |                | (51,823 | )                 |   | (51,003 | )
|                                                                                  |  |                |         |                   |   |         |  
|Shareholders total                                                               |  |                | 63,593  |                   |   | 67,227  |  
|                                                                                  |  |                |         |                   |   |         |  
|                                                                                  |  |                |         |                   |   |         |  
|Accumulated other comprehensive income                                            |  |                | 359     |                   |   | 515     |  
|                                                                                  |  |                |         |                   |   |         |  
|                                                                                  |  |                |         |                   |   |         |  
|Total members capital                                                            |  |                | 62,273  |                   |   | 66,500  |  
|                                                                                  |  |                |         |                   |   |         |  
|                                                                                  |  |                |         |                   |   |         |  
|Total liabilities and members
capital                                            |  | $              | 63,754  |                   | $ | 69,545  |  
|                                                                                  |  |                |         |                   |   |         |  

The
accompanying notes are an integral part of these unaudited condensed financial
statements.

2

---



RIDGEWOOD ENERGY T FUND, LLCUNAUDITED CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE
(LOSS) INCOME
(in thousands, except per share data)

|                                                |  |                              |       |      |   |       | 
|----------------------------------------------- |  | ---------------------------- | ----- | ---- | - | ----- | 
|                                                |  | Three months ended March 31, |      
|                                                |  | 2009                         |       | 2008 |  
|                                                |  |                              |       |      |  
|Revenue                                         |  |                              |       |      |   |       | 
|Oil and gas revenue                             |  | $                            | 1,310 |      | $ | 4,137 | 
|Expenses                                        |  |                              |       |      |   |       | 
|Depletion and amortization                      |  |                              | 854   |      |   | 779   | 
|Dry-hole costs                                  |  |                              | 88    |      |   | 920   | 
|Impairment of proved properties                 |  |                              | 435   |      |   |      | 
|Management fees to affiliates (Note 6)          |  |                              | 580   |      |   | 605   | 
|Operating expenses                              |  |                              | 116   |      |   | 314   | 
|General and administrative expenses             |  |                              | 156   |      |   | 150   | 
|                                                |  |                              |       |      |   |       | 
|Total expenses                                  |  |                              | 2,229 |      |   | 2,768 | 
|                                                |  |                              |       |      |   |       | 
|(Loss) income from operations                   |  |                              | (919  | )    |   | 1,369 | 
|Other income                                    |  |                              |       |      |   |       | 
|Interest income                                 |  |                              | 158   |      |   | 371   | 
|                                                |  |                              |       |      |   |       | 
|Net (loss) income                               |  |                              | (761  | )    |   | 1,740 | 
|Other comprehensive (loss) income               |  |                              |       |      |   |       | 
|Unrealized (loss) gain on marketable
securities |  |                              | (156  | )    |   | 478   | 
|                                                |  |                              |       |      |   |       | 
|Total comprehensive (loss) income               |  | $                            | (917  | )    | $ | 2,218 | 
|                                                |  |                              |       |      |   |       | 
|                                                |  |                              |       |      |   |       | 
|Manager Interest                                |  |                              |       |      |   |       | 
|Net income                                      |  | $                            | 59    |      | $ | 478   | 
|                                                |  |                              |       |      |   |       | 
|Shareholder Interest                            |  |                              |       |      |   |       | 
|Net (loss) income                               |  | $                            | (820  | )    | $ | 1,262 | 
|Net (loss) income per share                     |  | $                            | (844  | )    | $ | 1,299 | 

The
accompanying notes are an integral part of these unaudited condensed financial
statements.

3

---



RIDGEWOOD ENERGY T FUND, LLCUNAUDITED CONDENSED STATEMENTS OF CASH FLOWS
(in thousands)

|                                                                                                                       |  |                              |        |      |   |        |  
|---------------------------------------------------------------------------------------------------------------------- |  | ---------------------------- | ------ | ---- | - | ------ | -
|                                                                                                                       |  | Three months ended March 31, |       
|                                                                                                                       |  | 2009                         |        | 2008 |  
|                                                                                                                       |  |                              |        |      |  
|Cash flows from operating activities                                                                                   |  |                              |        |      |   |        |  
|Net (loss) income                                                                                                      |  | $                            | (761   | )    | $ | 1,740  |  
|Adjustments to reconcile net (loss) income to net
cash provided by
 operating activities:                              |  |                              |        |      |   |        |  
|Depletion and amortization                                                                                             |  |                              | 854    |      |   | 779    |  
|Dry-hole costs                                                                                                         |  |                              | 88     |      |   | 920    |  
|Impairment of proved properties                                                                                        |  |                              | 435    |      |   |       |  
|Accretion expense                                                                                                      |  |                              | 4      |      |   | 1      |  
|Amortization of premium                                                                                                |  |                              | 19     |      |   | 18     |  
|Interest earned on marketable securities                                                                               |  |                              |       |      |   | (278   | )
|Changes in assets and liabilities:                                                                                     |  |                              |        |      |   |        |  
|Increase in production receivable                                                                                      |  |                              | (32    | )    |   | (2,424 | )
|(Increase) decrease in other current
assets                                                                            |  |                              | (131   | )    |   | 74     |  
|Increase in due to operator                                                                                            |  |                              | 24     |      |   |       |  
|Increase in accrued expenses                                                                                           |  |                              | 30     |      |   | 94     |  
|Increase in due to affiliates                                                                                          |  |                              |       |      |   | 200    |  
|                                                                                                                       |  |                              |        |      |   |        |  
|Net cash provided by operating activities                                                                              |  |                              | 530    |      |   | 1,124  |  
|                                                                                                                       |  |                              |        |      |   |        |  
|                                                                                                                       |  |                              |        |      |   |        |  
|Cash flows from investing activities                                                                                   |  |                              |        |      |   |        |  
|Capital expenditures for oil and gas
properties                                                                        |  |                              | (5,375 | )    |   | (6,872 | )
|Interest reinvested in salvage fund                                                                                    |  |                              | (8     | )    |   | (10    | )
|                                                                                                                       |  |                              |        |      |   |        |  
|Net cash used in investing activities                                                                                  |  |                              | (5,383 | )    |   | (6,882 | )
|                                                                                                                       |  |                              |        |      |   |        |  
|                                                                                                                       |  |                              |        |      |   |        |  
|Cash flows from financing activities                                                                                   |  |                              |        |      |   |        |  
|Distributions paid                                                                                                     |  |                              | (3,310 | )    |   | (1,018 | )
|                                                                                                                       |  |                              |        |      |   |        |  
|Net cash used in financing activities                                                                                  |  |                              | (3,310 | )    |   | (1,018 | )
|                                                                                                                       |  |                              |        |      |   |        |  
|                                                                                                                       |  |                              |        |      |   |        |  
|Net decrease in cash and cash equivalents                                                                              |  |                              | (8,163 | )    |   | (6,776 | )
|                                                                                                                       |  |                              |        |      |   |        |  
|Cash and cash equivalents, beginning of
period                                                                         |  |                              | 13,162 |      |   | 15,696 |  
|                                                                                                                       |  |                              |        |      |   |        |  
|                                                                                                                       |  |                              |        |      |   |        |  
|Cash and cash equivalents, end of period                                                                               |  | $                            | 4,999  |      | $ | 8,920  |  
|                                                                                                                       |  |                              |        |      |   |        |  
|                                                                                                                       |  |                              |        |      |   |        |  
|Supplemental schedule of non-cash investing
 activities                                                                |  |                              |        |      |   |        |  
|Advances used for capital expenditures in oil and
gas properties
 reclassified to dry-hole costs and proved properties |  | $                            | 128    |      | $ | 1,068  |  
|                                                                                                                       |  |                              |        |      |   |        |  

The accompanying notes are
an integral part of these unaudited condensed financial statements.

4

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RIDGEWOOD ENERGY T FUND, LLCNOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

1. Organization and Purpose

The
Ridgewood Energy T Fund, LLC (the Fund), a Delaware limited liability
company, was formed on April 12, 2006 and operates pursuant to a limited liability
company agreement (the LLC Agreement) dated as of June 15, 2006 by and among
Ridgewood Energy Corporation (the Manager) and the shareholders of the Fund.
The Fund was organized to acquire interests in oil and natural gas properties
located in the United States offshore waters of Texas, Louisiana, and Alabama
in the Gulf of Mexico.

The
Manager has direct and exclusive control over the management of the Funds
operations. With respect to project investments, the Manager locates potential
projects, conducts appropriate due diligence and negotiates and completes the
transactions in which the investments are made. The Manager performs, or
arranges for the performance of, the management, advisory and administrative
services required for Fund operations. Such services include, without
limitation, the administration of shareholder accounts, shareholder relations
and the preparation, review and dissemination of tax and other financial
information. In addition, the Manager provides office space, equipment and
facilities and other services necessary for Fund operations. The Manager also
engages and manages the contractual relations with unaffiliated custodians,
depositories, accountants, attorneys, broker-dealers, corporate fiduciaries,
insurers, banks and others as required. See Notes 2, 6 and 8.

2. Summary of Significant Accounting Policies

Basis of PresentationThese unaudited interim
condensed financial statements have been prepared by the Funds management in
accordance with accounting principles generally accepted in the United States
of America (GAAP) and in the opinion of management, contain all adjustments
(consisting of only normal recurring adjustments) necessary to present fairly
the Funds financial position, results of operations and cash flows for the
periods presented. Certain information and note disclosures normally included
in annual financial statements prepared in accordance with GAAP have been
omitted in these unaudited interim condensed financial statements. The results
of operations, financial position, and cash flows for the periods presented
herein are not necessarily indicative of future financial results. These
unaudited interim condensed financial statements should be read in conjunction
with the Funds December 31, 2008 financial statements and notes thereto
included in the Funds Annual Report on Form 10-K filed with the Securities and
Exchange Commission (SEC). The year-end condensed balance sheet data was
derived from audited financial statements, but does not include all disclosures
required by GAAP.

Use of EstimatesThe preparation
of financial statements in conformity with GAAP requires management to make
estimates and assumptions that affect the reported amounts of assets and
liabilities and disclosure of contingent assets and liabilities as of the date
of the financial statements and the reported amounts of revenue and expense
during the reporting period. On an ongoing basis, the Manager reviews its
estimates, including those related to property balances, determination of proved
reserves, impairments and asset retirement obligations. Actual results may
differ from those estimates.

Cash and Cash EquivalentsAll highly liquid
investments with maturities, when purchased, of three months or less, are
considered cash and cash equivalents. At times, bank deposits may be in excess
of federally insured limits. At March 31, 2009, bank balances exceeded
federally insured limits by $4.7 million, all of which was invested in money
market accounts that invest solely in U.S. Treasury bills and notes. Effective
October 2008 through December 31, 2009, federally insured limits have been
increased from $0.1 million to $0.25 million for interest bearing deposits.
Additionally, non-interest bearing deposits are fully insured during this
period.

5

---



Investments in Marketable SecuritiesAt times, the Fund may
invest in U.S. Treasury bills and notes. These investments are considered
short-term when their maturities are greater than three months and one year or
less, and long-term when their maturities are greater than one year.

The
Fund currently has short-term investments, which mature in December 2009, that
are classified as available-for-sale. Available-for-sale securities are carried
in the financial statements at fair value. The following table is a summary of
long-term, available-for-sale investments at March 31, 2009 and December 31,
2008.

|                   |  |                 |        |                          |   |             |  |   |        | 
|------------------ |  | --------------- | ------ | ------------------------ | - | ----------- |  | - | ------ | 
|                   |  | Amortized
 Cost |        | Gross
 Unrealized
 Gains |   | Fair
 Value | 
|                   |  |                 |        |                          |   |             | 
|                   |  | (in thousands)  |       
|Available-for-Sale |  |                 |        |                          |   |             |  |   |        | 
|U.S Treasury notes |  |                 |        |                          |   |             |  |   |        | 
|March 31, 2009     |  | $               | 19,540 |                          | $ | 359         |  | $ | 19,899 | 
|                   |  |                 |        |                          |   |             |  |   |        | 
|                   |  |                 |        |                          |   |             |  |   |        | 
|December 31, 2008  |  | $               | 19,559 |                          | $ | 515         |  | $ | 20,074 | 
|                   |  |                 |        |                          |   |             |  |   |        | 

For
all investments, interest income is accrued as earned and amortization of
premium or discount, if any, is included in interest income. Unrealized gains
or losses on available-for-sale securities are reported in other comprehensive
income until realized.

Salvage FundThe Fund deposits
in a separate interest-bearing account, or a salvage fund, money to provide for
the dismantling and removal of production platforms and facilities and plugging
and abandoning its wells at the end of their useful lives, in accordance with
applicable federal and state laws and regulations. At March 31, 2009, the Fund
had a held-to-maturity investment within its salvage fund totaling $1.1
million, which matures in December 2012. Held-to-maturity investments are those
securities that the Fund has the ability and intent to hold until maturity, and
are recorded at cost plus accrued income, adjusted for the amortization of
premiums and discounts, which approximates fair value.

Interest
earned on the account will become part of the salvage fund. There are no legal
restrictions on withdrawals from the salvage fund.

Oil and Gas PropertiesThe Fund invests
in oil and gas properties, which are operated by unaffiliated entities that are
responsible for drilling, administering and producing activities pursuant to
the terms of the applicable operating agreements with working interest owners.
The Funds portion of exploration, drilling, operating and capital equipment
expenditures is billed by operators.

The
successful efforts method of accounting for oil and gas producing activities is
followed. Acquisition costs are capitalized when incurred. Other oil and gas
exploration costs, excluding the costs of drilling exploratory wells, are
charged to expense as incurred. The costs of drilling exploratory wells are
capitalized pending the determination of whether the wells have discovered
proved commercial reserves. If proved commercial reserves have not been found,
exploratory drilling costs are expensed to dry-hole expense. Costs to develop
proved reserves, including the costs of all development wells and related
facilities and equipment used in the production of oil and gas, are
capitalized. Expenditures for ongoing repairs and maintenance of producing
properties are expensed as incurred.

Upon
the sale or retirement of a proved property, the cost and related accumulated
depletion and amortization will be eliminated from the property accounts, and
the resultant gain or loss is recognized. Upon the sale or retirement of an
unproved property, gain or loss on the sale is recognized. The Manager does not
currently intend to sell any of the Funds property interests.

Capitalized
acquisition costs of producing oil and gas properties are depleted by the
units-of-production method.

6

---



As
of March 31, 2009 and December 31, 2008, amounts recorded in due to operators
totaling $0.8 million and $2.5 million respectively, related to capital
expenditures for oil and gas properties.

Advances to Operators for Working Interests and ExpendituresThe Funds
acquisition of a working interest in a well or a project requires it to make a
payment to the seller for the Funds rights, title and interest. The Fund may
be required to advance its share of estimated cash expenditures for the
succeeding months operation. The Fund accounts for such payments as advances
to operators for working interests and expenditures. As drilling costs are incurred,
the advances are reclassified to unproved properties.

Asset Retirement ObligationsFor oil and gas
properties, there are obligations to perform removal and remediation activities
when the properties are retired. When a project reaches drilling depth and is
determined to be either proved or dry, an asset retirement obligation is
incurred. Plug and abandonment costs associated with unsuccessful projects are
expensed as dry-hole costs. The following table presents changes in asset
retirement obligations for the three months ended March 31, 2009 and the year
ended December 31, 2008.

|                                |  |                |     |                   |   |     | 
|------------------------------- |  | -------------- | --- | ----------------- | - | --- | 
|                                |  | March 31, 2009 |     | December 31, 2008 |  
|                                |  |                |     |                   |  
|                                |  | (in thousands) |    
|Balance, beginning of period    |  | $              | 455 |                   | $ | 65  | 
|Liabilities incurred            |  |                | 38  |                   |   | 360 | 
|Liabilities settled             |  |                |    |                   |   |    | 
|Accretion expense               |  |                | 4   |                   |   | 10  | 
|Revisions to previous estimates |  |                |    |                   |   | 20  | 
|                                |  |                |     |                   |   |     | 
|Balance, end of period          |  | $              | 497 |                   | $ | 455 | 
|                                |  |                |     |                   |   |     | 

As
indicated above, the Fund maintains a salvage fund to provide for the funding
of future asset retirement obligations.

Syndication CostsSyndication costs
are direct costs incurred by the Fund in connection with the offering of the
Funds shares, including professional fees, selling expenses and administrative
costs payable to the Manager, an affiliate of the Manager and unaffiliated
broker-dealers, which are reflected on the Funds balance sheet as a reduction
of shareholders capital.

Revenue Recognition and ImbalancesOil and gas
revenues are recognized when oil and gas is sold to a purchaser at a fixed or
determinable price, when delivery has occurred and title has transferred, and
if collectibility of the revenue is probable.

The
Fund uses the sales method of accounting for gas production imbalances. The
volumes of gas sold may differ from the volumes to which the Fund is entitled
based on its interests in the properties. These differences create imbalances
that are recognized as a liability only when the properties estimated
remaining reserves net to the Fund will not be sufficient to enable the
underproduced owner to recoup its entitled share through production. The Funds
recorded liability, if any, would be reflected in other liabilities. No
receivables are recorded for those wells where the Fund has taken less than its
share of production. At March 31, 2009 and December 31, 2008, there were no
material oil or gas balancing arrangements between the Fund and other working
interest owners.

Impairment of Long-Lived AssetsThe Fund reviews
the value of its oil and gas properties whenever management determines that
events and circumstances indicate that the recorded carrying value of
properties may not be recoverable. Impairments of producing properties are
determined by comparing future net undiscounted cash flows to the net book
value at the end of each period. If the net book value exceeds the future net
undiscounted cash flows, the carrying value of the property is written down to
fair value, which is determined using net discounted future cash flows from
the producing property. Different pricing assumptions, reserve estimates or
discount rates could result in a different calculated impairment. The Fund
provides for impairments on unproved properties when it determines that the
property will not be developed or a permanent impairment in value has occurred.
Given the volatility of oil and gas prices, it is reasonably possible that the
Funds estimate of discounted future net cash flows from proved oil and gas
reserves could change in the near term. If oil and gas prices decline
significantly, even if only for a short period of time, it is possible that
write-downs of oil and gas properties could occur. During the three months
ended March 31, 2009, the Fund recorded an impairment of $0.4 million relating
to West Cameron 76 well #12, which was attributable to lower oil and gas
commodity prices. The carrying value for West Cameron 76 well #12 of $4.2
million was written down to its fair value of $3.8 million. The fair value of
the impaired well was determined based on level 3 inputs under Statement of
Financial Accounting Standard No. 157, Fair Value Measurements, (SFAS No.
157), which include projected income from proved and probable reserves
utilizing forward price curves, net of anticipated costs, discounted.

7

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Depletion and AmortizationDepletion and
amortization of the cost of proved oil and gas properties are calculated using
the units-of-production method. Proved developed reserves are used as the base
for depleting capitalized costs associated with successful exploratory well
costs. The sum of proved developed and proved undeveloped reserves is used as
the base for depleting or amortizing leasehold acquisition costs, the costs to
acquire proved properties and platform and pipeline costs.

Income TaxesNo provision is
made for income taxes in the financial statements. The Fund is a limited
liability company, and as such, the Funds income or loss is passed through and
included in the tax returns of the Funds shareholders.

Income and Expense AllocationProfits and
losses are allocated 85% to shareholders in proportion to their relative
capital contributions and 15% to the Manager, except for interest income and
certain expenses such as dry-hole costs, trust fees, depletion and
amortization, which are allocated 99% to shareholders and 1% to the Manager.

3.Recent Accounting Standards

In
December 2008, the SEC issued Release No. 33-8995, Modernization of Oil and
Gas Reporting, amending oil and gas reporting requirements under Rule 4-10 of
Regulation S-X and Industry Guide 2 in Regulation S-K. The new requirements
provide for consideration of new technologies in evaluating reserves, allow
companies to disclose their probable and possible reserves to investors, report
oil and gas reserves using an average price based on the prior 12-month period
rather than year-end prices, and revise the disclosure requirements for oil and
gas operations. The final rules are effective for fiscal years ending on or
after December 31, 2009.

In
September 2006, the Financial Accounting Standards Board (FASB) issued SFAS
No.157, which applies under most other accounting pronouncements that require
or permit fair value measurements. SFAS No. 157 provides a common definition of
fair value as the price that would be received to sell an asset or paid to
transfer a liability in a transaction between market participants. The new
standard also provides guidance on the methods used to measure fair value and
requires expanded disclosures related to fair value measurements. On February
12, 2008, the FASB issued FASB Staff Position No. FAS 157-2, Effective Date of
FASB Statement No. 157 (FAS 157-2). FAS 157-2 delayed the effective date of
SFAS No. 157 for all nonfinancial assets and nonfinancial liabilities, except
those that are recognized or disclosed at fair value in the financial statements
on a recurring basis (at least annually). The Fund adopted SFAS No. 157 for
financial assets and financial liabilities effective January 1, 2008 and for
non-financial assets and non-financial liabilities effective January 1, 2009,
which includes applying the provisions of SFAS No. 157 to (i) other
nonfinancial assets measured at fair value in conjunction with impairment
assessments; and (ii) asset retirement obligations initially measured at fair
value. The adoption did not have a material impact on the Funds balance sheet,
statement of operations, or statement of cash flows.

4. Unproved Properties - Capitalized Exploratory Well Costs

Leasehold
acquisition and exploratory drilling costs are capitalized pending
determination of whether the well has found proved reserves. Unproved
properties are assessed on a quarterly basis by evaluating and monitoring if
sufficient progress is made on assessing the reserves. At March 31, 2009 the
Fund had no properties with capitalized exploratory well costs in excess of one
year. The following table reflects the net changes in unproved properties for
the three months ended March 31, 2009 and the year ended December 31, 2008.

8

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|                                                                                              |  |                |        |                  |   |         |  
|--------------------------------------------------------------------------------------------- |  | -------------- | ------ | ---------------- | - | ------- | -
|                                                                                              |  | March 31, 2009 |        | Dcember 31, 2008 |  
|                                                                                              |  |                |        |                  |  
|                                                                                              |  | (in thousands) |       
|Balance, beginning of period                                                                  |  | $              | 984    |                  | $ | 4,202   |  
|Additions to capitalized exploratory well costs pending the
 determination of proved reserves |  |                | 3,687  |                  |   | 9,610   |  
|Reclassifications to proved properties based on the determination of
 proved reserves         |  |                | (1,696 | )                |   | (12,828 | )
|Capitalized exploratory well costs charged to dry-hole
costs                                  |  |                |       |                  |   |        |  
|                                                                                              |  |                |        |                  |   |         |  
|Balance, end of period                                                                        |  | $              | 2,975  |                  | $ | 984     |  
|                                                                                              |  |                |        |                  |   |         |  

Capitalized
exploratory well costs are expensed as dry-hole costs in the event that
reserves are not found or are not in sufficient quantities to complete the well
and develop the field. During the three months ended March 31, 2009, the Fund
received credits on certain wells from their respective operators upon review
and audit of the wells costs. Dry-hole costs, inclusive of credits and plug
and abandonment expenses, are detailed in the following table.

|                           |  |                              |     |      |   |     | 
|-------------------------- |  | ---------------------------- | --- | ---- | - | --- | 
|                           |  | Three months ended March 31, |    
|Lease
 Block               |  | 2009                         |     | 2008 |  
|                           |  |                              |     |      |  
|                           |  | (in thousands)               |    
|Bison Project              |  | $                            | 106 |      | $ |    | 
|West Cameron 109           |  |                              |    |      |   | 599 | 
|Mississippi Canyon 489/490 |  |                              |    |      |   | 309 | 
|Other wells                |  |                              | (18 | )    |   | 12  | 
|                           |  |                              |     |      |   |     | 
|                           |  | $                            | 88  |      | $ | 920 | 
|                           |  |                              |     |      |   |     | 

5. Distributions

Distributions
to shareholders are allocated in proportion to the number of shares held.
Certain shares have early investment incentive and advance distribution rights,
as defined in the LLC Agreement, which range from approximately $6 thousand to
$12 thousand per share. The Fund began making distributions to eligible early
investors in March 2008 and to all investors in October 2008.

The
Manager determines whether available cash from operations, as defined in the
LLC Agreement, is to be distributed. Such distributions are allocated 85% to
the shareholders and 15% to the Manager, as required by the LLC Agreement.

Available
cash from dispositions, as defined in the LLC Agreement, will be paid 99% to
shareholders and 1% to the Manager until the shareholders have received total
distributions equal to their capital contributions. After shareholders have
received distributions equal to their capital contributions, 85% of available
cash from dispositions will be distributed to shareholders and 15% to the
Manager.

6. Related Parties

The
LLC Agreement provides that the Manager render management, administrative and
advisory services. For such services, the Manager is paid an annual management
fee, payable monthly, of 2.5% of total capital contributions, net of cumulative
dry-hole and related well costs incurred by the Fund. Management fees for each
of the three months ended March 31, 2009 and 2008 were $0.6 million.

At
times, short-term payables and receivables, which do not bear interest, arise
from transactions with affiliates in the ordinary course of business. At March
31, 2009 and December 31, 2008 there were no such amounts outstanding.

None
of the compensation paid to the Manager has been derived as a result of arms
length negotiations.

9

---



The
Fund has working interest ownership in certain projects to acquire and develop
oil and natural gas projects with other entities that are likewise managed by
the Manager.

7. Fair Value of Financial Instruments

At
March 31, 2009 and December 31, 2008, cash and cash equivalents, short-term
investments in marketable securities, production receivable, salvage fund and
accrued expenses approximate fair value due to their short-term nature. At
March 31, 2009 and December 31, 2008, available-for-sale investments are
recorded at fair value based on Level 1 inputs  quoted prices in active
markets.

8. Commitments and Contingencies

Capital CommitmentsThe Fund has
entered into multiple agreements for the drilling and development of its
investment properties. The estimated capital expenditures associated with these
agreements vary depending on the stage of development on a property-by-property
basis. As of March 31, 2009, the Fund had committed to spend an additional
$23.2 million related to its investment properties.

Environmental ConsiderationsThe exploration
for and development of oil and natural gas involves the extraction, production
and transportation of materials which, under certain conditions, can be
hazardous or cause environmental pollution problems. The Manager and operators
of the Funds properties are continually taking action they believe appropriate
to satisfy applicable federal, state and local environmental regulations and do
not currently anticipate that compliance with federal, state and local
environmental regulations will have a material adverse effect upon capital
expenditures, results of operations or the competitive position of the Fund in
the oil and gas industry. However, due to the significant public and
governmental interest in environmental matters related to those activities, the
Manager cannot predict the effects of possible future legislation, rule
changes, or governmental or private claims. At March 31, 2009 and December 31,
2008, there were no known environmental contingencies that required the Fund to
record a liability.

Insurance CoverageThe Fund is
subject to all risks inherent in the exploration for and development of oil and
gas. Insurance coverage as is customary for entities engaged in similar
operations is maintained, but losses may occur from uninsurable risks or
amounts in excess of existing insurance coverage. The occurrence of an event
that is not insured or not fully insured could have an adverse impact upon
earnings and financial position. Moreover, insurance is obtained as a package
covering all of the funds managed by the Manager. Claims made by other funds
can reduce or eliminate insurance for the Fund.

10

---



ITEM 2. MANAGEMENTS DISCUSSION AND ANALYSIS OF
FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Cautionary Statement Regarding Forward-Looking Statements

Certain
statements in this Quarterly Report on Form 10-Q (Quarterly Report) and the
documents Ridgewood Energy T Fund, LLC (the Fund) has incorporated by
reference into this Quarterly Report, other than purely historical information,
including estimates, projections, statements relating to the Funds business
plans, strategies, objectives and expected operating results, and the
assumptions upon which those statements are based, are forward-looking
statements based on current expectations and assumptions that are subject to
risks and uncertainties that may cause actual results to differ materially from
the forward-looking statements. These forward-looking statements generally are
identified by the words believe, project, expect, anticipate,
estimate, intend, strategy, plan, target, pursue,
may, will
likely result, and similar expressions. Examples of such events that could
cause actual results to differ materially from historical results or those
anticipated include weather conditions, such as hurricanes, changes in market
conditions affecting the pricing of oil and natural gas, the cost and
availability of equipment, and changes in governmental regulations. The Fund
undertakes no obligation to update or revise publicly any forward-looking
statements, whether as a result of new information, future events or otherwise,
except as required by law.

Critical Accounting Policies and Estimates

The
following discussion and analysis of the Funds financial condition and
operating results is based on its financial statements. The preparation of this
Quarterly Report requires the Fund to make estimates and assumptions that
affect the reported amount of assets and liabilities, disclosure of contingent
assets and liabilities at the date of the Funds financial statements, and the
reported amount of revenue and expense during the reporting period. Actual
results may differ from those estimates and assumptions. See Notes to
Unaudited Condensed Financial Statements in Part I of this Quarterly Report
for a presentation of the Funds significant accounting policies. No changes
have been made to the Funds critical accounting policies and estimates
disclosed in its 2008 Annual Report on Form 10-K.

Overview of the Funds Business

The
Fund is a Delaware limited liability company formed on April 12, 2006 to
acquire interests in oil and natural gas properties located in the United
States offshore waters of Texas, Louisiana and Alabama in the Gulf of Mexico.
Ridgewood Energy Corporation (Ridgewood Energy or the Manager) a Delaware
corporation, is the Manager. As the Manager, Ridgewood Energy has direct and
exclusive control over the management of the Funds operations. The Funds
primary investment objective is to generate cash for distribution to its
shareholders through the acquisition of working interests in the exploration,
production and sale of oil and natural gas.

The
Manager performs certain duties on the Funds behalf including the evaluation
of potential projects for investment and ongoing management, administrative and
advisory services associated with these projects. For these services, the
Manager receives an annual management fee equal to 2.5% of capital
contributions, net of cumulative dry-hole and related well costs incurred by
the Fund, payable monthly. The Fund does not currently, nor is there any plan
to operate any project in which the Fund participates. The Manager enters into
operating agreements with third-party operators for the management of all
exploration, development and producing operations, as appropriate. The Manager
also participates in distributions.

Business Update

The
Fund owns working interests and has participated in the drilling of thirteen
wells; six have been determined to be successful and seven have been determined
to be dry holes, one of which was during the first quarter of 2009.

Successful ProjectsAspen
ProjectIn July
2008, the Fund acquired a 2.69% working interest in the Aspen Project, an
exploratory well. The Aspen Project was determined to be a success in April
2009. The well has been temporarily plugged in order to perform the geological
and engineering work necessary to optimize additional drilling, which is
currently expected to begin after hurricane season, in the fourth quarter of
2009. Through March 31, 2009, the Fund has spent $3.0 million related to this
property, for which the total estimated budget is $25.8 million, which includes
two additional wells.

11

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Cobalt ProjectIn August 2008,
the Fund acquired a 4.0% working interest in the Cobalt Project, an exploratory
well. The Cobalt Project was determined to be a commercial success in January
2009 and completion efforts are ongoing. The well is expected to commence
production in May 2009. Through March 31, 2009, the Fund has spent $1.7 million
related to this property, for which the total estimated budget is $2.1 million.

West Cameron 76 Well #12In April 2007,
the Fund acquired an 11.24% working interest in West Cameron 76 well #12 from
BHP Billiton Petroleum (Americas) Inc. (BHP), the operator. In April 2008,
BHP notified the Fund that the property was determined to be to be a commercial
discovery. The well was completed and production commenced in May 2008. The
Fund spent $5.4 million related to this property, and has recorded impairments
totaling $1.4 million, of which $0.4 million of impairment expense was incurred
during the three months ended March 31, 2009.

Eugene Island 346/347Well #1In March 2007, the Fund
acquired a 10.0% working interest in the exploratory well Eugene Island 346/347
from Newfield Exploration Company (Newfield), the operator. In June 2007, the
well was deemed successful. In August 2007, Newfield sold its interest in this
property to McMoRan Exploration Co. (McMoRan). At that time, McMoRan assumed
Newfields responsibilities as the operator of this property. The well was
completed and production commenced in June 2008. The Fund spent $7.1 million
related to this property.

Well #2As a result of the
drilling success of the first exploratory well for Eugene Island 346/347, a
second well commenced drilling in May 2008. In May 2008, Eugene Island 346/347
well #2 was determined to be commercially successful and production commenced
in July 2008. The Fund spent $1.5 million related to this property.

None
of the Funds wells, including Eugene Island 346/347 wells #1 and #2, were
materially damaged as a result of third quarter 2008 hurricane activity in the
Gulf of Mexico. However, the pipeline utilized to transport these wells oil
and gas production has suffered severe damage thereby shutting down production
for these wells. As a result, these wells have been shut-in until the pipeline
repairs are completed by its owner. There is no cost to the Fund related to
these repair activities, however, these wells will not produce oil and gas or
earn revenue during this repair period. The Eugene Island properties are
currently expected to resume production during the third quarter 2009.

West Cameron 75In March 2007,
the Fund acquired a 20.0% working interest in the exploratory well West Cameron
75 from El Paso E&P Company, L.P. (El Paso), the operator. In June 2007,
El Paso notified the Fund that the property was determined to be to be a
commercial discovery. The well was completed and production commenced in
December 2007. The Fund spent $23.3 million related to this property.

Dry HolesBison
ProjectIn
November 2008, the Fund acquired a 3.0% working interest in the Bison Project,
an exploratory well operated by LLOG Exploration Offshore, Inc. (LLOG). The
Bison Project, located in the Galveston region of the Gulf of Mexico, began
drilling in December 2008 and was determined to be an unsuccessful well, or dry
hole, in January 2009. Dry-hole costs related to this well totaled $0.3
million, of which $0.1 million were incurred during the three months ended
March 31, 2009.

Results of Operations

The
following table summarizes the Funds results of operations for the three
months ended March 31, 2009 and 2008, and should be read in conjunction with
the Funds financial statements and notes thereto included within Item 1
Financial Statements in Part I of this Quarterly Report.

12

---



|                                                |  |                              |       |      |   |       | 
|----------------------------------------------- |  | ---------------------------- | ----- | ---- | - | ----- | 
|                                                |  | Three months ended March 31, |      
|                                                |  | 2009                         |       | 2008 |  
|                                                |  |                              |       |      |  
|                                                |  | (in thousands)               |      
|Revenue                                         |  |                              |       |      |   |       | 
|Oil and gas revenue                             |  | $                            | 1,310 |      | $ | 4,137 | 
|                                               
|Expenses                                        |  |                              |       |      |   |       | 
|Depletion and amortization                      |  |                              | 854   |      |   | 779   | 
|Dry-hole costs                                  |  |                              | 88    |      |   | 920   | 
|Impairment of proved properties                 |  |                              | 435   |      |   |      | 
|Management fees to affiliate                    |  |                              | 580   |      |   | 605   | 
|Operating expenses                              |  |                              | 116   |      |   | 314   | 
|General and administrative expenses             |  |                              | 156   |      |   | 150   | 
|                                                |  |                              |       |      |   |       | 
|Total expenses                                  |  |                              | 2,229 |      |   | 2,768 | 
|                                                |  |                              |       |      |   |       | 
|(Loss) income from operations                   |  |                              | (919  | )    |   | 1,369 | 
|Other income                                    |  |                              |       |      |   |       | 
|Interest income                                 |  |                              | 158   |      |   | 371   | 
|                                                |  |                              |       |      |   |       | 
|Net (loss) income                               |  |                              | (761  | )    |   | 1,740 | 
|Other comprehensive (loss) income               |  |                              |       |      |   |       | 
|Unrealized (loss) gain on marketable
securities |  |                              | (156  | )    |   | 478   | 
|                                                |  |                              |       |      |   |       | 
|                                               
|Total comprehensive (loss) income               |  | $                            | (917  | )    | $ | 2,218 | 
|                                                |  |                              |       |      |   |       | 

Three months ended March 31, 2009
compared to the Three months ended March 31, 2008

Overview. Since inception, the Fund has had four wells come onto production:
West Cameron 75 in December 2007; West Cameron 76 well #12 in May 2008; Eugene
Island 346/347 well #1 in June 2008; and Eugene Island 346/347 well #2 in July
2008, thereby impacting the Funds revenue, depletion, amortization and lease
operating expenses.

As
previously discussed, none of the Funds wells, including Eugene Island 346/347
wells #1 and #2, were materially damaged as a result of third quarter 2008
hurricane activity in the Gulf of Mexico. However, the pipeline utilized to
transport these wells oil and gas production has suffered severe damage
thereby shutting down production for these wells. As a result, these wells have
been shut-in until the pipeline repairs are completed by its owner. There is no
cost to the Fund related to these repair activities, however, these wells will
not produce oil or gas or earn revenue during this repair period. Accordingly,
revenue, depletion, amortization and lease operating expenses relating to
these wells will be affected until production resumes. The Eugene Island
properties are currently expected to resume production during the third quarter
2009.

Oil and Gas Revenue. Oil and gas revenue for the three months ended March 31, 2009 was
$1.3
million, a $2.8 million decrease from the three months ended March 31, 2008.
The decrease is attributable to decreases in sales volumes totaling $1.6
million, average prices totaling $1.1 million and processing revenue of $0.1
million.

Oil
sales volumes were 688 barrels and 341 barrels for the three months ended March
31, 2009 and 2008, respectively. The Funds oil prices averaged $34 per barrel
during the three months ended March 31, 2009 compared to $100 per barrel during
the three months ended March 31, 2008.

Gas
sales volumes were 295 thousand mcf and 500 thousand mcf for the three months
ended March 31, 2009 and 2008, respectively. The Funds gas prices averaged
$4.59 per mcf during the three months ended March 31, 2009 compared to $8.01
per mcf during the three months ended March 31, 2008.

The
increase in oil sales volumes was the result of improved oil production rates
for West Cameron 75 coupled with the onset of production of West Cameron 76
well #12. The decrease in gas sales volumes was the result of lower gas
production for West Cameron 75 partially offset by the onset of production of
West Cameron 76 well #12.

13

---



Depletion and Amortization. Depletion and amortization for the three
months ended March 31, 2009 and 2008 was $0.9 million and $0.8 million,
respectively. The increase resulted from the onset of production of West
Cameron 76 well #12, partially offset by a decrease in production of West
Cameron 75.

Dry-hole
Costs. Dry-hole costs
are those costs incurred to drill and develop a well that is ultimately found
to be incapable of producing either oil or natural gas in sufficient quantities
to justify completion of the well. During the three months ended March 31,
2009, the Fund received credits on certain wells from their respective
operators upon review and audit of the wells costs. The following table
summarizes dry-hole costs, inclusive of credits and plug and abandonment costs,
for the three months ended March 31, 2009 and 2008.

|                           |  |                              |     |      |   |     | 
|-------------------------- |  | ---------------------------- | --- | ---- | - | --- | 
|                           |  | Three months ended March 31, |    
|Lease
 Block               |  | 2009                         |     | 2008 |  
|                           |  |                              |     |      |  
|                           |  | (in thousands)               |    
|Bison Project              |  | $                            | 106 |      | $ |    | 
|West Cameron 109           |  |                              |    |      |   | 599 | 
|Mississippi Canyon 489/490 |  |                              |    |      |   | 309 | 
|Other wells                |  |                              | (18 | )    |   | 12  | 
|                           |  |                              |     |      |   |     | 
|                           |  | $                            | 88  |      | $ | 920 | 
|                           |  |                              |     |      |   |     | 

Impairment of Proved Properties. During the three months ended March 31,
2009, the Fund recorded an impairment to proved properties of $0.4 million,
relating to West Cameron 76 well #12, which was attributable to lower oil and
gas commodity prices. There were no impairments recorded during the three
months ended March 31, 2008.

Management Fees to Affiliate. Management fees for each of the three months
ended March 31, 2009 and 2008 were $0.6 million, representing 2.5% of the total
capital contributions, net of cumulative dry-hole and related well costs
incurred by the Fund.

Operating Expenses. Operating expenses include the costs of
operating and maintaining wells and related facilities, geological costs and
accretion expense, as detailed in the following table.

|                         |  |                              |     |      |   |     | 
|------------------------ |  | ---------------------------- | --- | ---- | - | --- | 
|                         |  | Three months ended March 31, |    
|                         |  | 2009                         |     | 2008 |  
|                         |  |                              |     |      |  
|                         |  | (in thousands)               |    
|Lease operating expenses |  | $                            | 108 |      | $ | 113 | 
|Geological costs         |  |                              | 4   |      |   | 200 | 
|Accretion expense        |  |                              | 4   |      |   | 1   | 
|                         |  |                              |     |      |   |     | 
|                         |  | $                            | 116 |      | $ | 314 | 
|                         |  |                              |     |      |   |     | 

Lease
operating expenses for the three months ended March 31, 2009 related to West
Cameron 75 and West Cameron 76 well #12. Lease operating expenses for the three
months ended March 31, 2008 related to West Cameron 75. The decrease in lease
operating expenses for the three months ended March 31, 2009 as compared to the
three months ended March 31, 2008 is principally attributable to overall lower
production volumes. Geological costs for the three months ended March 31, 2009
and 2008 related to the Aspen Project and West Cameron 76 well #12, respectively.
Accretion expense is related to the asset retirement obligations established
for the Funds proved properties.

General and Administrative Expenses. General and administrative expenses
represent costs specifically identifiable or allocable to the Fund, as detailed
in the following table.

14

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|                     |  |                              |     |      |   |     | 
|-------------------- |  | ---------------------------- | --- | ---- | - | --- | 
|                     |  | Three months ended March 31, |    
|                     |  | 2009                         |     | 2008 |  
|                     |  |                              |     |      |  
|                     |  | (in thousands)               |    
|Insurance expense    |  | $                            | 86  |      | $ | 79  | 
|Accounting fees      |  |                              | 55  |      |   | 50  | 
|Trust fees and other |  |                              | 15  |      |   | 21  | 
|                     |  |                              |     |      |   |     | 
|                     |  | $                            | 156 |      | $ | 150 | 
|                     |  |                              |     |      |   |     | 

Insurance
expense represents premiums related to producing well and control of well
insurance, which varies dependent upon the number of wells producing or
drilling and directors and officers liability insurance. Accounting fees
represent annual audit and tax preparation fees, quarterly reviews and filing
fees incurred by the Fund. Trust fees represent bank fees associated with the
management of the Funds cash accounts.

Interest Income. Interest income is comprised of interest earned on money market
accounts and investments in U.S. Treasury securities. Interest income for the
three months ended March 31, 2009 was $0.2 million, a $0.2 million decrease
from the three months ended March 31, 2008. The decrease was the result of a
reduction in average outstanding balances earning interest, due to ongoing
capital expenditures for oil and gas properties, coupled with lower interest
rates earned.

Unrealized (Loss) Gain on Marketable Securities. During
2007, the Fund purchased available-for-sale U.S. Treasury securities, which
mature in December 2009. Unrealized gains and losses related to the securities
change in fair value are recorded in other comprehensive income until realized.
The Fund recorded unrealized losses of $0.2 million during the three months
ended March 31, 2009 and unrealized gains of $0.5 million during the three
months ended March 31, 2008.

Capital Resources and Liquidity

Operating Cash FlowsCash flows
provided by operating activities for the three months ended March 31, 2009 were
$0.5 million, primarily related to revenue receipts of $1.3 million and
favorable working capital of $0.1 million, partially offset by management fees
of $0.6 million, general and administrative expenses of $0.2 million and
operating expenses of $0.1 million.

Cash
flows provided by operating activities for the three months ended March 31,
2008 were $1.1 million, primarily related to revenue receipts of $1.7 million,
favorable working capital of $0.4 million, which is principally attributable to
an increase in due to affiliates for geological costs, and interest income
received of $0.1 million, partially offset by management fees of $0.6 million,
operating expenses of $0.3 million and general and administrative expenses of
$0.2 million.

Investing Cash FlowsCash flows used
in investing activities for the three months ended March 31, 2009 were $5.4
million, primarily related to capital expenditures for oil and gas properties.
Additionally, the Fund increased its salvage fund investments by $8 thousand,
which consisted of the interest earned on this account.

Cash
flows used in investing activities for the three months ended March 31, 2008
were $6.9 million, primarily related to capital expenditures for oil and gas
properties. Additionally, the Fund increased its salvage fund investments by
$10 thousand, which consisted of the interest earned on this account.

Financing Cash FlowsCash flows used
in financing activities for the three months ended March 31, 2009 were $3.3
million related to distributions paid.

Cash
flows used in financing activities for the three months ended March 31, 2008
were $1.0 million related to distributions paid.

15

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Estimated Capital Expenditures

The
Fund has entered into multiple agreements for the drilling and development of
its investment properties. The estimated capital expenditures associated with
these agreements can vary depending on the stage of development on a
property-by-property basis. As of March 31, 2009, the Fund had committed to
spend an additional $23.2 million related to its investment properties.

When
the Manager makes a decision to participate in a particular project, it assumes
that the well will be successful and allocates enough capital to budget for the
completion of that well and the additional development wells and infrastructure
anticipated. If an exploratory well is deemed a dry hole or if it is
un-economical, the capital allocated to the completion of that well and to the
development of additional wells is then reallocated to a new project or used to
make additional investments.

Capital
expenditures for investment properties are funded with the capital raised by
the Fund in its private placement offering, which is more than likely, all the
capital it will be able to obtain. The number of projects in which the Fund can
invest will naturally be limited, and each unsuccessful project the Fund
experiences will reduce its ability to generate revenue and exhaust its
capital. Typically, the Manager seeks an investment portfolio that combines
high and low risk exploratory projects.

Liquidity Needs

The
Funds primary short-term liquidity needs are to fund its operations, inclusive
of management fees, and capital expenditures for its investment properties.
Operations are funded utilizing operating income, existing cash on-hand,
short-term investments and income earned therefrom.

The
Manager is entitled to receive an annual management fee from the Fund
regardless of the Funds profitability in that year. Generally, all or a
portion of the management fee is paid from operating income and interest
income, although the management fee can be paid out of capital contributions;
however, this is not the Funds intent.

Distributions are funded from available cash from operations, as defined in the Funds limited
liability company agreement, and the frequency and amount are within the Managers
discretion subject to available cash from operations, reserve requirements and the Funds
operations.

Off-Balance Sheet Arrangements

The
Fund had no off-balance sheet arrangements at March 31, 2009 and December 31,
2008 and does not anticipate the use of such arrangements in the future.

Contractual Obligations

The
Fund enters into operating agreements with operators. On behalf of the Fund, an
operator enters into various contractual commitments pertaining to exploration,
development and production activities. The Fund does not negotiate any such
contracts. No contractual obligations exist at March 31, 2009 and December 31,
2008 other than those discussed in Estimated Capital Expenditures above.

Recent
Accounting Pronouncements

See
Note 3 of Notes to Unaudited Condensed Financial Statements  Recent
Accounting Standards contained in this Quarterly Report for a discussion of
recent accounting pronouncements.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT
MARKET RISK

Not
required.

16

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ITEM 4. CONTROLS AND PROCEDURES

In
accordance with Exchange Act Rules 13a-15 and 15d-15, the Fund carried out an
evaluation, under the supervision and with the participation of management,
including its Chief Executive Officer and Chief Financial Officer, of the
effectiveness of the Funds disclosure controls and procedures as of the end of
the period covered by this report. Based on that evaluation, the Chief
Executive Officer and Chief Financial Officer concluded that the Funds
disclosure controls and procedures were effective as of March 31, 2009.

There
has been no change in the Funds internal control over financial reporting that
occurred during the three months ended March 31, 2009 that has materially
affected, or is reasonably likely to materially affect, the Funds internal
control over financial reporting.

PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

None.

ITEM 1A. RISK FACTORS

Not required.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND
USE OF PROCEEDS

None.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

None.

ITEM 5. OTHER INFORMATION

None.

17

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ITEM 6. EXHIBITS

|               |  |                                                                                                                                                                                                                                                             |  |                 
|-------------- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | ----------------
|EXHIBIT
NUMBER |  | TITLE OF EXHIBIT                                                                                                                                                                                                                                            |  | METHOD OF FILING
|               |  |                                                                                                                                                                                                                                                             |  |                 
|              
|31.1           |  | Certification
 of Robert E. Swanson, Chief Executive Officer of the Fund, pursuant to
 Securities Exchange Act Rule 13a-14(a)                                                                                                                               |  | Filed herewith  
|               |  |                                                                                                                                                                                                                                                             |  |                 
|31.2           |  | Certification
 of Kathleen P. McSherry, Chief Financial Officer of the Fund, pursuant to
 Securities Exchange Act Rule 13a-14(a)                                                                                                                            |  | Filed herewith  
|               |  |                                                                                                                                                                                                                                                             |  |                 
|32             |  | Certifications
 pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of The
 Sarbanes-Oxley Act of 2002, signed by Robert E. Swanson, Chief Executive
 Officer of the Fund and Kathleen P. McSherry, Chief Financial Officer of the
 Fund |  | Filed herewith  

18

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SIGNATURES

Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.

|       |             |        |                                                      
|------ | ----------- | ------ | -----------------------------------------------------
|Dated: | May 7, 2009 |        | RIDGEWOOD
 ENERGY T FUND, LLC                        
|       |             |        |                                                      
|       | By:         | /s/    | ROBERT E. SWANSON                                    
|       |             |        |                                                      
|       |             | Name:  | Robert E. Swanson                                    
|       |             | Title: | President and Chief
 Executive Officer               
|       |             |        | (Principal Executive
 Officer)                       
|       |             |        |                                                      
|Dated: | May 7, 2009 |        |                                                      
|       |             |        |                                                      
|       | By:         | /s/    | KATHLEEN P. McSHERRY                                 
|       |             |        |                                                      
|       |             | Name:  | Kathleen P. McSherry                                 
|       |             | Title: | Executive Vice President
 and Chief Financial Officer
|       |             |        | (Principal Financial Officer)                        

19

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