UNITED STATES
SECURITIES AND EXCHANGE COMMISSIONWASHINGTON,
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, 2008                                           
|or
|   |                                                                                           
|o  | TRANSITION
  REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|   | For
  the transition period from
  _______________________ to ____________________________

For the transition period from _____ to _____

Commission File Number 000-52578

RIDGEWOOD
ENERGY T FUND, LLC(Exact name of registrant as
specified in its charter)

|                                                                   |  |                                         
|------------------------------------------------------------------ |  | ----------------------------------------
|Delaware                                                           |  | 27-0141421                              
|(State
  or other jurisdiction of
  incorporation or organization) |  | (I.R.S.
  Employer
  Identification No.)

1314 King Street, Wilmington, Delaware 19801(Address of principal
executive offices) (Zip code)

(302)
888-7444(Registrants telephone number,
including area code) Securities registered pursuant to Section 12(b) of the Act: None
Securities registered pursuant to Section 12(g) of the Act:

Shares of LLC Membership Interest

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 is a large accelerated filer, an accelerated filer, a
non-accelerated filer, or a smaller reporting company. See definitions of
large accelerated filer, accelerated filer, and smaller reporting company
in Rule 12b-2 of the Exchange Act. (Check one):

|                                                |   |                           |  
|----------------------------------------------- | - | ------------------------- | -
|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 8, 2008 there are 971.6054 shares outstanding.

---



Table of Contents

|                               |                                                                                         |                                                                                                                                     |     
|------------------------------ | --------------------------------------------------------------------------------------- | ----------------------------------------------------------------------------------------------------------------------------------- | ----
|                               |                                                                                         |                                                                                                                                     | Page
|PART I - FINANCIAL INFORMATION |                                                                                        
|Item 1.                        | Financial
  Statements:                                                                 | 3                                                                                                                                  
|                               |                                                                                         | Unaudited
  Condensed Balance Sheets as of March 31, 2008 and December 31, 2007                                                     | 3   
|                               |                                                                                         | Unaudited
  Condensed Statements of Operations and Comprehensive Income (Loss) for the
  three months ended March 31, 2008 and 2007 | 4   
|                               |                                                                                         | Unaudited
  Condensed Statements of Cash Flows for the three months ended March 31, 2008
  and 2007                                 | 5   
|                               |                                                                                         | Notes to
  Unaudited Condensed Financial Statements                                                                                 | 6   
|Item 2.                        | Managements
  Discussion and Analysis of Financial Condition and Results of Operations | 12                                                                                                                                 
|Item 3.                        | Quantitative
  and Qualitative Disclosures about Market Risk                            | 17                                                                                                                                 
|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                                                       | 18                                                                                                                                 
|Item 4.                        | Submissions
  of Matters to a Vote of Security Holders                                  | 18                                                                                                                                 
|Item 5.                        | Other
  Information                                                                     | 18                                                                                                                                 
|Item 6.                        | Exhibits                                                                                | 18                                                                                                                                 
|                               |                                                                                         |                                                                                                                                     |     
|                               | SIGNATURES                                                                              | 19                                                                                                                                 

2

---



PART I - FINANCIAL INFORMATIONITEM 1.  FINANCIAL
STATEMENTS

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

|                                                                                   |  |                  |         |                     |   |         |  
|---------------------------------------------------------------------------------- |  | ---------------- | ------- | ------------------- | - | ------- | -
|                                                                                   |  | March 31,
  2008 |         | December 31,
  2007 |  
|                                                                                   |  |                  |         |                     |  
|ASSETS                                                                             |  |                  |         |                     |   |         |  
|Current assets:                                                                    |  |                  |         |                     |   |         |  
|Cash and cash equivalents                                                          |  | $                | 8,920   |                     | $ | 15,696  |  
|Short-term investments in marketable
securities                                    |  |                  | 15,143  |                     |   | 15,024  |  
|Production receivable                                                              |  |                  | 2,895   |                     |   | 471     |  
|Other current assets                                                               |  |                  | 351     |                     |   | 297     |  
|                                                                                   |  |                  |         |                     |   |         |  
|Total current assets                                                               |  |                  | 27,309  |                     |   | 31,488  |  
|Long-term investment in marketable
securities                                      |  |                  | 20,116  |                     |   | 19,656  |  
|Salvage fund                                                                       |  |                  | 1,060   |                     |   | 1,050   |  
|Oil and gas properties:                                                            |  |                  |         |                     |   |         |  
|Advances to operators for working interests and
expenditures                       |  |                  |        |                     |   | 1,068   |  
|Unproved properties                                                                |  |                  | 7,920   |                     |   | 4,202   |  
|Proved properties                                                                  |  |                  | 22,728  |                     |   | 20,858  |  
|Less:  accumulated depletion
  and amortization                                    |  |                  | (861    | )                   |   | (82     | )
|                                                                                   |  |                  |         |                     |   |         |  
|Total oil and gas properties                                                       |  |                  | 29,787  |                     |   | 26,046  |  
|                                                                                   |  |                  |         |                     |   |         |  
|                                                                                   |  |                  |         |                     |   |         |  
|Total assets                                                                       |  | $                | 78,272  |                     | $ | 78,240  |  
|                                                                                   |  |                  |         |                     |   |         |  
|                                                                                   |  |                  |         |                     |   |         |  
|LIABILITIES
  AND MEMBERS CAPITAL                                                 |  |                  |         |                     |   |         |  
|Current liabilities:                                                               |  |                  |         |                     |   |         |  
|Due to operators                                                                   |  | $                | 3,254   |                     | $ | 4,641   |  
|Accrued expenses payable                                                           |  |                  | 118     |                     |   | 100     |  
|Due to affiliates (Note 6)                                                         |  |                  | 200     |                     |   |        |  
|                                                                                   |  |                  |         |                     |   |         |  
|Total current liabilities                                                          |  |                  | 3,572   |                     |   | 4,741   |  
|                                                                                   |  |                  |         |                     |   |         |  
|Asset retirement obligations                                                       |  |                  | 66      |                     |   | 65      |  
|                                                                                   |  |                  |         |                     |   |         |  
|Total liabilities                                                                  |  |                  | 3,638   |                     |   | 4,806   |  
|                                                                                   |  |                  |         |                     |   |         |  
|                                                                                   |  |                  |         |                     |   |         |  
|Commitments and contingencies (Note 8)                                             |  |                  |         |                     |   |         |  
|Members capital:                                                                  |  |                  |         |                     |   |         |  
|Manager:                                                                           |  |                  |         |                     |   |         |  
|Distributions                                                                      |  |                  | (153    | )                   |   |        |  
|Accumulated deficit                                                                |  |                  | (693    | )                   |   | (1,171  | )
|                                                                                   |  |                  |         |                     |   |         |  
|Managers total                                                                    |  |                  | (846    | )                   |   | (1,171  | )
|                                                                                   |  |                  |         |                     |   |         |  
|                                                                                   |  |                  |         |                     |   |         |  
|Shareholders:                                                                      |  |                  |         |                     |   |         |  
|Capital contributions (1,000 shares authorized;
971.6054 issued and
  outstanding) |  |                  | 144,529 |                     |   | 144,529 |  
|Syndication costs                                                                  |  |                  | (16,990 | )                   |   | (16,990 | )
|Distributions                                                                      |  |                  | (865    | )                   |   |        |  
|Accumulated deficit                                                                |  |                  | (51,694 | )                   |   | (52,956 | )
|                                                                                   |  |                  |         |                     |   |         |  
|Shareholders total                                                                |  |                  | 74,980  |                     |   | 74,583  |  
|                                                                                   |  |                  |         |                     |   |         |  
|                                                                                   |  |                  |         |                     |   |         |  
|Total members capital                                                             |  |                  | 74,134  |                     |   | 73,412  |  
|                                                                                   |  |                  |         |                     |   |         |  
|Accumulated other comprehensive income                                             |  |                  | 500     |                     |   | 22      |  
|                                                                                   |  |                  |         |                     |   |         |  
|                                                                                   |  |                  |         |                     |   |         |  
|Total liabilities and members capital                                             |  | $                | 78,272  |                     | $ | 78,240  |  
|                                                                                   |  |                  |         |                     |   |         |  

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

3

---



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

|                                           |  |                              |       |      |   |         |  
|------------------------------------------ |  | ---------------------------- | ----- | ---- | - | ------- | -
|                                           |  | Three months ended March 31, |      
|                                           |  | 2008                         |       | 2007 |  
|                                           |  |                              |       |      |  
|Revenue                                    |  |                              |       |      |   |         |  
|Oil and gas revenue                        |  | $                            | 4,137 |      | $ |        |  
|                                           |  |                              |       |      |   |         |  
|Expenses                                   |  |                              |       |      |   |         |  
|Depletion and amortization                 |  |                              | 779   |      |   |        |  
|Dry-hole costs                             |  |                              | 920   |      |   | 9,141   |  
|Fees to affiliates (Note 6)                |  |                              | 605   |      |   | 633     |  
|Operating expenses                         |  |                              | 314   |      |   |        |  
|General and administrative expenses        |  |                              | 150   |      |   | 327     |  
|                                           |  |                              |       |      |   |         |  
|Total
  expenses                           |  |                              | 2,768 |      |   | 10,101  |  
|                                           |  |                              |       |      |   |         |  
|Income
  (loss) from operations            |  |                              | 1,369 |      |   | (10,101 | )
|Other
  income                             |  |                              |       |      |   |         |  
|Interest income                            |  |                              | 371   |      |   | 1,153   |  
|                                           |  |                              |       |      |   |         |  
|Net
  income (loss)                        |  |                              | 1,740 |      |   | (8,948  | )
|Other
  comprehensive income               |  |                              |       |      |   |         |  
|Unrealized
  gain on marketable securities |  |                              | 478   |      |   |        |  
|                                           |  |                              |       |      |   |         |  
|                                           |  |                              |       |      |   |         |  
|Total
  comprehensive income (loss)        |  | $                            | 2,218 |      | $ | (8,948  | )
|                                           |  |                              |       |      |   |         |  
|Manager Interest                           |  |                              |       |      |   |         |  
|Net
  income (loss)                        |  | $                            | 478   |      | $ | (219    | )
|                                           |  |                              |       |      |   |         |  
|Shareholder Interest                       |  |                              |       |      |   |         |  
|Net
  income (loss)                        |  | $                            | 1,262 |      | $ | (8,729  | )
|Net
  income (loss) per share              |  | $                            | 1,299 |      | $ | (8,984  | )

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

4

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

|                                                                                                                        |  |                                |        |      |   |         |  
|----------------------------------------------------------------------------------------------------------------------- |  | ------------------------------ | ------ | ---- | - | ------- | -
|                                                                                                                        |  | Three months ended
  March 31, |       
|                                                                                                                        |  | 2008                           |        | 2007 |  
|                                                                                                                        |  |                                |        |      |  
|                                                                                                                        |  |                                |        |      |   |         |  
|Cash flows from operating
activities                                                                                    |  |                                |        |      |   |         |  
|Net income (loss)                                                                                                       |  | $                              | 1,740  |      | $ | (8,948  | )
|Adjustments to reconcile net income (loss) to net
cash provided by
  (used in) operating activities                     |  |                                |        |      |   |         |  
|Depletion and amortization                                                                                              |  |                                | 779    |      |   |        |  
|Dry-hole costs                                                                                                          |  |                                | 920    |      |   | 9,141   |  
|Accretion expense                                                                                                       |  |                                | 1      |      |   |        |  
|Amortization of premium                                                                                                 |  |                                | 18     |      |   |        |  
|Interest earned on marketable securities                                                                                |  |                                | (278   | )    |   | (713    | )
|Changes in assets and liabilities:                                                                                      |  |                                |        |      |   |         |  
|Increase in production receivable                                                                                       |  |                                | (2,424 | )    |   |        |  
|Decrease in other current assets                                                                                        |  |                                | 74     |      |   | 190     |  
|Increase (decrease) in due to affiliates                                                                                |  |                                | 200    |      |   | (37     | )
|Increase in accrued expenses payable                                                                                    |  |                                | 94     |      |   | 267     |  
|                                                                                                                        |  |                                |        |      |   |         |  
|Net cash provided by (used in) operating
activities                                                                     |  |                                | 1,124  |      |   | (100    | )
|                                                                                                                        |  |                                |        |      |   |         |  
|                                                                                                                        |  |                                |        |      |   |         |  
|Cash flows from investing
activities                                                                                    |  |                                |        |      |   |         |  
|Capital expenditures for oil and gas
properties                                                                         |  |                                | (6,872 | )    |   | (32,665 | )
|Salvage fund investments                                                                                                |  |                                | (10    | )    |   | (12     | )
|Investment in marketable securities                                                                                     |  |                                |       |      |   | (20,000 | )
|                                                                                                                        |  |                                |        |      |   |         |  
|Net cash used in investing activities                                                                                   |  |                                | (6,882 | )    |   | (52,677 | )
|                                                                                                                        |  |                                |        |      |   |         |  
|                                                                                                                        |  |                                |        |      |   |         |  
|Cash flows from financing
activities                                                                                    |  |                                |        |      |   |         |  
|Contributions from shareholders                                                                                         |  |                                |       |      |   | 23      |  
|Syndication costs paid                                                                                                  |  |                                |       |      |   | (58     | )
|Distributions                                                                                                           |  |                                | (1,018 | )    |   |        |  
|                                                                                                                        |  |                                |        |      |   |         |  
|Net cash used in financing activities                                                                                   |  |                                | (1,018 | )    |   | (35     | )
|                                                                                                                        |  |                                |        |      |   |         |  
|Net decrease in cash and cash
equivalents                                                                               |  |                                | (6,776 | )    |   | (52,812 | )
|                                                                                                                        |  |                                |        |      |   |         |  
|Cash and cash equivalents, beginning of
period                                                                          |  |                                | 15,696 |      |   | 63,416  |  
|                                                                                                                        |  |                                |        |      |   |         |  
|Cash and cash equivalents, end of period                                                                                |  | $                              | 8,920  |      | $ | 10,604  |  
|                                                                                                                        |  |                                |        |      |   |         |  
|                                                                                                                        |  |                                |        |      |   |         |  
|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 |  | $                              | 1,068  |      | $ |        |  
|                                                                                                                        |  |                                |        |      |   |         |  

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

5

---



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, drill, construct and develop oil and natural gas properties located in
the United States offshore waters of Texas, Louisiana and Alabama in the Gulf
of Mexico. The Fund has devoted most of its efforts to raising capital for oil
and natural gas exploration activities. During 2007, the Fund began earning revenue
and was determined to no longer be an exploratory stage enterprise.

The Manager performs, or
arranges for the performance of, the management 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 outside 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
Presentation

These 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 annual financial statements and the notes thereto included in
the Funds Annual Report on Form 10-K filed with the Securities and Exchange
Commission (the SEC).

Use of Estimates

The 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 revenues and expenses during the
reporting period. On an ongoing basis, the Manager reviews its estimates,
including those related to amounts advanced to and billed by operators,
determination of proved reserves, impairments and asset retirement obligations.
Actual results may differ from those estimates.

6

---



Cash and Cash
Equivalents

All 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 federal insured limits. At March 31, 2008 and December 31, 2007, bank
balances, inclusive of the salvage fund, exceeded federally insured limits by
$8.8 million and $13.5 million, respectively. The Fund maintains bank deposits
with accredited financial institutions.

Investments in
Marketable Securities

At times the Fund may invest
in United States 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 in excess of twelve months. The
Fund currently has short-term investments that are classified as
held-to-maturity. Held-to-maturity securities are those investments 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. At March 31, 2008 and December 31,
2007, the Fund had held-to-maturity investments, inclusive of salvage fund,
totaling $16.2 million and $15.0 million, respectively. The held-to-maturity
investments held at March 31, 2008 mature in June 2008 and December 2012.

The Fund currently has
long-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, 2008 and December 31, 2007:

|                   |  |                  |        |                            |   |              |  |   |        | 
|------------------ |  | ---------------- | ------ | -------------------------- | - | ------------ |  | - | ------ | 
|                   |  | Amortized
  Cost |        | Gross
  Unrealized
  Gains |   | Fair
  Value | 
|                   |  |                  |        |                            |   |              | 
|                   |  | (in thousands)   |       
|Available-for-Sale |  |                  |        |                            |   |              |  |   |        | 
|U.S Treasury notes |  |                  |        |                            |   |              |  |   |        | 
|March 31, 2008     |  | $                | 19,616 |                            | $ | 500          |  | $ | 20,116 | 
|                   |  |                  |        |                            |   |              |  |   |        | 
|December 31, 2007  |  | $                | 19,634 |                            | $ | 22           |  | $ | 19,656 | 

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 for
available-for-sale securities are reported in other comprehensive income until
realized.

Salvage Fund

Pursuant to the Funds LLC
Agreement, the Fund deposits in a separate interest-bearing account, or a
salvage fund, money to provide for dismantling production platforms and
facilities, plugging and abandoning the wells and removing the platforms,
facilities and wells after their useful lives, in accordance with applicable
federal and state laws and regulations.

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 Natural
Gas Properties

Investments in oil and
natural gas properties are operated by unaffiliated entities (Operators) who
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 relating to the wells are advanced and billed by
Operators through authorization for expenditures.

The successful efforts
method of accounting for oil and natural gas producing activities is followed.
Acquisition costs are capitalized when incurred. Other oil and natural 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 crude oil and natural gas,
are capitalized. Expenditures for ongoing repairs and maintenance of producing
properties are expensed as incurred.

7

---



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. On 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 natural gas properties are depleted by the
unit-of-production method.

As of March 31, 2008 amounts
recorded in due to operators totaling $3.2 million related to capital
expenditures for oil and gas property, which were paid during the second
quarter of 2008.

Advances to Operators for Working Interests
and Expenditures

The 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 is 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 transferred to unproved properties.

Asset Retirement Obligations

For oil and natural 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 table below presents changes for the three
months ended March 31, 2008 and the year ended December 31, 2007.

|                                |  |                |    |                   |   |      |  
|------------------------------- |  | -------------- | -- | ----------------- | - | ---- | -
|                                |  | March 31, 2008 |    | December 31, 2007 |  
|                                |  |                |    |                   |  
|                                |  | (in thousands) |   
|Balance - Beginning of
  period |  | $              | 65 |                   | $ |     |  
|                                |  |                |    |                   |   |      |  
|Liabilities incurred            |  |                |   |                   |   | 814  |  
|Liabilities settled             |  |                |   |                   |   | (749 | )
|Accretion expense               |  |                | 1  |                   |   |     |  
|                                |  |                |    |                   |   |      |  
|Balance - End of period         |  | $              | 66 |                   | $ | 65   |  
|                                |  |                |    |                   |   |      |  

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

Syndication Costs

Direct costs associated with
offering the Funds shares including professional fees, selling expenses and
administrative costs payable to the Manager, an affiliate of the Manager and
outside brokers are reflected as a reduction of shareholders capital.

Revenue Recognition and Production
Receivable

Oil and natural gas sales
are recognized and a production receivable is recorded when delivery is made by
the Operator to the purchaser and title is transferred (i.e. production has
been delivered to a pipeline or transport vehicle).

The volume of oil and
natural gas sold on the Funds behalf may differ from the volume of oil and
natural gas to which the Fund is entitled. The Fund will account for such oil
and natural gas production imbalances by the entitlements method. Under the
entitlements method, the Fund will recognize a receivable from other working
interest owners for volumes oversold by other working interest owners, and a
payable to other working interest owners for volumes oversold by the Fund. At
March 31, 2008 and December 31, 2007, there were no material oil or natural gas
balancing arrangements between the Fund and other working interest owners.

8

---



Impairment of
Long-Lived Assets

In accordance with the
provisions of Financial Accounting Standards (SFAS) No. 144, Accounting for
the Impairment of Long-Lived Assets, long-lived assets, such as oil and
natural gas properties, are evaluated when events or changes in circumstances
indicate the carrying value of such assets may not be recoverable. The
determination of whether impairment has occurred is made by comparing the
carrying values of long-lived assets to the estimated future undiscounted
cash flows attributable to the asset. The impairment loss recognized is the
excess of the carrying value over the future discounted cash flows attributable
to the asset or the estimated fair value of the asset. For the three
months ended March 31, 2008 and 2007, no impairments have been recorded.

Depletion and
Amortization

Depletion and amortization
of the cost of proved oil and natural gas properties are calculated using the
units-of-production method. Proved developed reserves are used as the base for
depleting the cost of successful exploratory drilling and development 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 Taxes

No provision is made for
income taxes in the financial statements. The Fund is a limited liability
corporation, 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 Allocation

Profits 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, fiduciary fees, depletion and amortization,
which are allocated 99% to shareholders and 1% to the Manager.

3. Recent Accounting Standards

In September 2006, the FASB
issued SFAS No. 157, Fair Value Measurements, (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. SFAS No. 157 had originally
been effective for financial statements issued for fiscal years beginning after
November 15, 2007, however the FASB has agreed on a one year deferral for all
non-financial assets and liabilities. On January 1, 2008, the Fund adopted SFAS
157 for financial assets and liabilities.

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.

The following table reflects
the net changes in unproved properties for the three months ended March 31,
2008 and the year ended December 31, 2007. As of March 31, 2008, the Fund had
no capitalized exploratory well costs greater than one year.

9

---



|                                                                                                 |  |                  |       |                     |   |         |  
|------------------------------------------------------------------------------------------------ |  | ---------------- | ----- | ------------------- | - | ------- | -
|                                                                                                 |  | March
  31, 2008 |       | December
  31, 2007 |  
|                                                                                                 |  |                  |       |                     |  
|                                                                                                 |  | (in
  thousands) |      
|Balance -
  Beginning of the period                                                              |  | $                | 4,202 |                     | $ |        |  
|Additions to
  capitalized exploratory well costs pending the determination of proved
  reserves |  |                  | 3,718 |                     |   | 25,060  |  
|Reclassifications
  to proved properties based on the determination of proved reserves           |  |                  |      |                     |   | (20,858 | )
|Capitalized
  exploratory well costs charged to dry-hole costs                                   |  |                  |      |                     |   |        |  
|                                                                                                 |  |                  |       |                     |   |         |  
|                                                                                                
|Balance - End of
  the period                                                                    |  | $                | 7,920 |                     | $ | 4,202   |  
|                                                                                                 |  |                  |       |                     |   |         |  

Capitalization 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. Dry-hole
costs are detailed in the table below.

|                           |  |                              |     |      |   |       | 
|-------------------------- |  | ---------------------------- | --- | ---- | - | ----- | 
|                           |  | Three months ended March 31, |    
|Lease
  Block              |  | 2008                         |     | 2007 |  
|                           |  |                              |     |      |  
|                           |  | (in thousands)               |    
|West Cameron 109           |  | $                            | 599 |      | $ | 89    | 
|Mississippi Canyon 489/490 |  |                              | 309 |      |   |      | 
|Green Canyon 246           |  |                              | 12  |      |   | 9,052 | 
|                           |  |                              |     |      |   |       | 
|                           |  | $                            | 920 |      | $ | 9,141 | 
|                           |  |                              |     |      |   |       | 

5. Distributions

Distributions to
shareholders are allocated in proportion to the number of shares held.

The Manager will determine
whether available cash from operations, as defined in the Funds LLC Agreement,
is to be distributed. Such distributions will be allocated 85% to the
shareholders and 15% to the Manager, as defined in the Funds 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.

The Fund began making
distributions in March 2008. During the three months ended March 31, 2008,
Manager and shareholder distributions totaled $0.2 million and $0.9 million,
respectively.

6. Related Parties

The LLC Agreement provides
that the Manager render management, administrative and advisory services. For
such services, the Manager receives an annual management fee, payable monthly,
of 2.5% of total capital contributions, net of cumulative dry-hole costs
incurred by the Fund. Management fees, included in fees to affiliates, for each
of the three months ended March 31, 2008 and 2007 were $0.6 million.

From time to time,
short-term payables and receivables, which do not bear interest, arise from
transactions with affiliates in the ordinary course of business. At March 31,
2008, the Fund owed the Manager $0.2 million related to payment of geological
survey costs for West Cameron 76 A-12, which is included in due to affiliates.
At December 31, 2007, there were no such amounts payable or receivable.

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

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.

10

---



7. Fair Value of Financial
Instruments and Measurements

At March 31, 2008 and
December 31, 2007, the carrying value of cash and cash equivalents, short-term
investments in marketable securities, salvage fund, production receivable and
accrued expenses approximate fair value.

In accordance with SFAS 157,
the Funds available-for-sale investments are measured utilizing Level 1
inputs, which include quoted
prices  in active markets.

8. Commitments and Contingencies

Capital
Commitments

The Fund has entered into
multiple offshore operating 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, 2008, the Fund had committed to spend an additional $3.3
million relating to the properties.

Environmental
Considerations

The 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 the Operators 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 natural
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, 2008 and December 31, 2007, there
were no known environmental contingencies that required the Fund to record a
liability.

Insurance
Coverage

The Fund is
subject to all risks inherent in the exploration for and development of oil and
natural 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
which 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 Managers investment programs. Claims made by other such
programs can reduce or eliminate insurance for the Fund.

11

---



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 within the
meaning of the Private Securities Litigation Reform Act of 1995,
Section 27A of the Securities Act of 1933, as amended (the Securities
Act) and Section 21E of the Securities Exchange Act of 1934 (the
Exchange Act). These forward-looking statements generally are identified by
the words believe, project, expect, anticipate, estimate,
intend,
strategy, plan, target, pursue, may, will, would,
will be,
will continue, will likely result, and similar expressions. Forward-looking
statements are based on current expectations and assumptions that are subject
to risks and uncertainties which may cause actual results to differ materially
from the forward-looking statements. 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.

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
expenses 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 2007 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
primarily in oil and natural gas projects located in the U.S. waters of 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 and control of Fund
operations. The Fund is an independent oil and natural gas producer. The Funds
primary investment objective is to generate cash flow for distribution to the
Funds shareholders through participation in oil and natural gas exploration
and development projects in the Gulf of Mexico.

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 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 (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 nine wells, four of which
have been determined to be dry holes, three that have been determined to be
successful, and two that are scheduled to drill in the second quarter 2008.

12

---



Successful Projects

West Cameron 75

In March 2007, the Fund
acquired a 20% working interest in the exploratory project West Cameron 75 from
El Paso E&P Company, LLP (El Paso), the operator. In June 2007, El Paso
notified the Fund that the property was deemed to be a commercial discovery.
The well was completed and production commenced in mid-December 2007. Through
March 31, 2008, the Fund has spent $22.7 million related to this property.

Eugene Island
346/347

In March 2007, the Fund
acquired a 10% working interest in the exploratory project 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.
Completion is ongoing and production is expected in July 2008. Through March
31, 2008, the Fund has spent $5.2 million related to this well, for which the
total estimated budget is $6.6 million.

Well #2 and Well #3

As a result of the drilling
success of the first exploratory well for Eugene Island 346/347, second and
third wells will commence drilling in May 2008 and June 2008, respectively. The
total estimated budget for these wells is $1.2 million.

West Cameron 76
Well #12

In April 2007, the Fund
acquired an 11.24% working interest in the West Cameron 76 Well #12 project
from BHP Billiton Petroleum (Americas) Inc. (BHP). BHP is the operator of the
project, which began drilling in February 2008. In April 2008, BHP notified the
Fund that the property was deemed to be a commercial discovery. Completion is
ongoing and production is expected in June 2008. Through March 31, 2008, the
Fund has spent $2.7 million related to this property, for which the total
estimated budget is $4.7 million.

13

---



Results of Operations

The following review of
operations for the three months ended March 31, 2008 and 2007 should be read in
conjunction with the Funds financial statements and the notes thereto.

|                                         |  |                              |       |      |   |         |  
|---------------------------------------- |  | ---------------------------- | ----- | ---- | - | ------- | -
|                                         |  | Three months ended March 31, |      
|                                         |  | 2008                         |       | 2007 |  
|                                         |  |                              |       |      |  
|                                         |  | (in thousands)               |      
|Revenue                                  |  |                              |       |      |   |         |  
|Oil and gas revenue                      |  | $                            | 4,137 |      | $ |        |  
|                                         |  |                              |       |      |   |         |  
|Expenses                                 |  |                              |       |      |   |         |  
|Depletion and amortization               |  |                              | 779   |      |   |        |  
|Dry-hole costs                           |  |                              | 920   |      |   | 9,141   |  
|Fees to affiliate                        |  |                              | 605   |      |   | 633     |  
|Operating expenses                       |  |                              | 314   |      |   |        |  
|General and administrative expenses      |  |                              | 150   |      |   | 327     |  
|                                         |  |                              |       |      |   |         |  
|Total expenses                           |  |                              | 2,768 |      |   | 10,101  |  
|                                         |  |                              |       |      |   |         |  
|Income (loss) from operations            |  |                              | 1,369 |      |   | (10,101 | )
|Other
  income                           |  |                              |       |      |   |         |  
|Interest income                          |  |                              | 371   |      |   | 1,153   |  
|                                         |  |                              |       |      |   |         |  
|Net income (loss)                        |  |                              | 1,740 |      |   | (8,948  | )
|Other
  comprehensive income             |  |                              |       |      |   |         |  
|Unrealized gain on marketable securities |  |                              | 478   |      |   |        |  
|                                         |  |                              |       |      |   |         |  
|                                         |  |                              |       |      |   |         |  
|Total comprehensive income (loss)        |  | $                            | 2,218 |      | $ | (8,948  | )
|                                         |  |                              |       |      |   |         |  

Oil and Gas
Revenue. The Fund
had one well come onto production during 2007, West Cameron 75 in mid-December
2007. Prior to December 2007, the Fund had no operating revenue and was
considered an exploratory stage enterprise. Oil and gas revenue for the three
months ended March 31, 2008 was $4.1 million.

During the three months
ended March 31, 2008, the West Cameron 75 produced approximately 341 barrels of
oil and approximately 500 thousand mcf of natural gas. During the three months
ended March 31, 2008, oil prices have averaged $100 per barrel and natural gas
prices have averaged $8.00 per mcf.

Depletion and
Amortization. For
the three months ended March 31, 2008, depletion and amortization was $0.8 million.
The Funds producing well, West Cameron 75, began production in December 2007.
Prior to that time, the Fund did not have production and therefore did not have
depletion or amortization expense.

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. The following table summarizes dry-hole costs inclusive of plug and
abandonment costs.

|                           |  |                              |     |      |   |       | 
|-------------------------- |  | ---------------------------- | --- | ---- | - | ----- | 
|                           |  | Three months ended March 31, |    
|Lease
  Block              |  | 2008                         |     | 2007 |  
|                           |  |                              |     |      |  
|                           |  | (in thousands)               |    
|West Cameron 109           |  | $                            | 599 |      | $ | 89    | 
|Mississippi Canyon 489/490 |  |                              | 309 |      |   |      | 
|Green Canyon 246           |  |                              | 12  |      |   | 9,052 | 
|                           |  |                              |     |      |   |       | 
|                           |  | $                            | 920 |      | $ | 9,141 | 
|                           |  |                              |     |      |   |       | 

14

---



Fees to
Affiliates. For the three months ended March 31, 2008 and
2007, the Fund incurred management fees of $0.6 million, representing 2.5% of
total capital contributions, net of cumulative dry-hole costs incurred by the
Fund. The fee, payable monthly to the Manager, is for expenses associated with
overhead incurred by the Manager for its ongoing management, administrative and
advisory services. Such overhead expenses include but are not limited to rent,
payroll and benefits for employees of the Manager, and other administrative
costs.

Operating
Expenses. Operating expenses represent the costs of
operating and maintaining wells and related facilities, geological costs and
accretion expense. Operating expenses for
the three months ended March 31, 2008 were $0.3 million related to the onset of
production of West Cameron 75 and geological surveys for West Cameron 76 A-12. There were no operating expenses during the
three months ended March 31, 2007.

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

|                          |  |                              |     |      |   |     | 
|------------------------- |  | ---------------------------- | --- | ---- | - | --- | 
|                          |  | Three months ended March 31, |    
|                          |  | 2008                         |     | 2007 |  
|                          |  |                              |     |      |  
|                          |  | (in thousands)               |    
|Insurance                 |  | $                            | 79  |      | $ | 246 | 
|Accounting and legal fees |  |                              | 50  |      |   | 42  | 
|Trust fees and other      |  |                              | 21  |      |   | 39  | 
|                          |  |                              |     |      |   |     | 
|                          |  | $                            | 150 |      | $ | 327 | 
|                          |  |                              |     |      |   |     | 

Insurance expense represents
premiums related to well control insurance, which varies dependent upon
drilling activity, and directors and officers liability policy, which is
allocated by the Manager to the Fund based on capital raised by the Fund to
total capital raised by all oil and natural gas funds managed by the Manager.
Accounting and legal fees represent annual audit and tax preparation fees,
quarterly reviews and filing fees of the Fund. Trust fees represent bank fees
associated with the management of the Funds investment portfolio in
U.S. Treasury securities.

Interest Income. Interest
income is comprised of interest earned on money market accounts and short-term
investments in U.S. Treasury securities. For the three months ended March 31,
2008, interest income was $0.4 million, a $0.8 million decrease from the three
months ended March 31, 2007. The decrease was attributable to a decrease in
average outstanding balances earning interest due to property expenditures
during the period coupled with a reduction in interest rates during the three
months ended March 31, 2008.

Other Comprehensive Income. Other comprehensive income of $0.5 million is
comprised of unrealized gains on available-for-sale marketable debt securities.
During 2007, the Fund purchased long-term available-for-sale U.S. Treasury
securities, which mature in December 2009.

15

---



Capital Resources and Liquidity

Operating Cash
Flows

Cash
flows provided by operating activities for the three months ended March 31,
2008 were $1.1 million, principally attributable 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. These
amounts were partially offset by management fees of $0.6 million, general and
administrative expenses of $0.2 million, and operating expenses of $0.3
million.

Cash
flows used in operating activities for the three months ended March 31, 2007
were $0.1 million, primarily related to management fees of $0.6 million, and
general and administrative fees of $0.3 million, offset by interest income
received of $0.7 million and favorable working capital of $0.2 million.

Investing Cash
Flows

Cash
flows used in investing activities for the three months ended March 31, 2008
were $6.9 million principally related to capital expenditures for oil and
natural gas properties.

Cash
flows used in investing activities for the three months ended March 31, 2007
were $52.7 million. The Fund made investments in marketable securities of $20.0
million, inclusive of salvage fund. Additionally, the Fund made capital
expenditures of $32.7 million for oil and natural gas properties.

Financing Cash
Flows

Cash
flows used in financing activities for the three months ended March 31, 2008
were $1.0 million related to the payment of Manager and shareholder
distributions.

Cash
flows used in financing activities for the three months ended March 31, 2007
were $35 thousand related to the payment of $58 thousand of syndication costs
partially offset by collection of $23 thousand of subscriptions receivable.

Estimated Capital Expenditures

The Fund has entered into
multiple offshore operating 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, 2008, the Fund has commitments
related to authorizations for expenditures totaling $3.3 million for
properties. If the properties were to be successful, the Fund would make
additional expenditures totaling $1.3 million related to the completion of
these properties.

Liquidity Needs

The Funds primary
short-term liquidity needs are to fund its 2008 operations, including
management fees and capital expenditures, with existing cash on-hand and income
earned from its short-term investments and cash and cash equivalents. The
Manager is entitled to receive an annual management fee from the Fund
regardless of whether the Fund is profitable in that year. The annual fee,
payable monthly, is equal to 2.5% of total capital contributed by shareholders,
net of cumulative dry-hole costs incurred.

With respect to the payment
of management fees, until one of the Funds projects begins producing, all or a
portion of the management fee is paid generally from the interest or dividend
income generated by the Funds development capital that has not been spent,
although the management fee can be paid out of capital contributions. Such
interest and/or dividend income is expected to be sufficient to cover Fund
expenses, including the management fee. However in periods of declining
interest rates, and as the Fund expends its capital on projects, interest
and/or dividend income may not be sufficient, which would require the Fund to
use capital contributions to fund such expenses. Generally, it can take
anywhere from 18 to 24 months to bring a project to production. Once a well is
on production, the management fee and fund expenses are paid from operating
income. Over time, as a well produces, the Fund may recover a portion of or the
entire management fee that may have been paid out of capital contributions.

16

---



Distributions are funded
from cash flow from operations, and the frequency and amount are within the
Managers discretion subject to available cash from operations, reserve
requirements and Fund operations.

The capital raised by the
Fund in its private placement is more than likely all the capital it will be
able to obtain for investments in projects. The number of projects in which the
Fund can invest will naturally be limited and each unsuccessful project the
Fund experiences, if any, will not only reduce its ability to generate revenue,
but also exhaust its limited supply of capital. Typically, the Manager seeks an
investment portfolio that combines high and low risk exploratory projects.

When the Manager makes a
decision for participation 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 that are anticipated to be
drilled. If the 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.

Off-Balance Sheet Arrangements

The Fund had no off-balance
sheet arrangements as of March 31, 2008 and December 31, 2007 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 discuss or negotiate any such
contracts. No contractual obligations exist at March 31, 2008 and December 31,
2007 other than those discussed in Estimated Capital Expenditures above.

ITEM 3.
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Not required.

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 our
disclosure controls and procedures as of the end of the period covered by this
report. Based on that evaluation, our Chief Executive Officer and Chief
Financial Officer concluded that the Funds disclosure controls and procedures
were effective as of March 31, 2008.

There has been no change in
the Funds internal control over financial reporting that occurred during the
three months ended March 31, 2008 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.

17

---



ITEM 3.
DEFAULTS UPON SENIOR SECURITIES

None.

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

None.

ITEM 5.
OTHER INFORMATION

None.

ITEM 6.
EXHIBITS

|                 |  |                                                                                                                                                                                                                                                                 
|---------------- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|EXHIBIT
  NUMBER |  | TITLE OF EXHIBIT                                                                                                                                                                                                                                                
|                 |  |                                                                                                                                                                                                                                                                 
|31.1             |  | Certification of Robert E.
  Swanson, Chief Executive Officer, pursuant to Securities Exchange Act Rule
  13a-14(a).                                                                                                                                            
|                 |  |                                                                                                                                                                                                                                                                 
|31.2             |  | Certification of Kathleen
  P. McSherry, Chief Financial Officer, pursuant to Securities Exchange Act Rule
  13a-14(a).                                                                                                                                         
|                 |  |                                                                                                                                                                                                                                                                 
|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.

18

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SIGNATURES

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

|       |             |     |        |  |                                                                                                      
|------ | ----------- | --- | ------ |  | -----------------------------------------------------------------------------------------------------
|Dated: | May 8, 2008 |     |        |  | 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 8, 2008 |     |        |  |                                                                                                      
|       |             | By: | /s/    |  | KATHLEEN P. MCSHERRY                                                                                 
|       |             |     |       
|       |             |     | Name:  |  | Kathleen P. McSherry                                                                                 
|       |             |     | Title: |  | Executive Vice President
  and Chief Financial Officer
  (Principal Financial and Accounting Officer)

19

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