----

| Delaware                                       |   | 75-2310854               |
|------------------------------------------------|--------|--------------------------|
| (State      or other jurisdiction              |   | (I.R.S.      Employer    |
| of      incorporation or organization)         |   | Identification      No.) |
|                                           |   |                     |
| 6 Desta Drive, Suite 6500, Midland,      Texas |   | 79705                    |
| (Address      of principal executive office)   |   | (Zip      Code)          |

| Indicate      by check mark if the registrant is a well-known seasoned issuer, as      defined in Rule 405 of the Securities Act.                                                                                                                                                                                                                                                 |  ̈    Yes | x  No      |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------|------------|
|                                                                                                                                                                                                                                                                                                                                                                              |          |       |
| Indicate      by check mark if the registrant is not required to file reports pursuant      to Section 13 or Section 15(d) of the Act.                                                                                                                                                                                                                                            |  ̈    Yes | x  No      |
|                                                                                                                                                                                                                                                                                                                                                                              |          |       |
| 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. | x    Yes      |  ̈  No |

| Indicate      by check mark if disclosure of delinquent filers pursuant to Item 405 of      Regulation S-K is not contained herein, and will not be contained, to the      best of registrant's knowledge, in definitive proxy or information      statements incorporated by reference in Part III of this Form 10-K or any      amendment to this Form 10-K.x |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Indicate      by check mark whether the registrant is a large accelerated filer, an      accelerated filer, or a non-accelerated filer.  See definition      of “accelerated filer and large accelerated filer” in Rule 12b-2 of the      Exchange Act. |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Large      accelerated filer  ̈                                                                                                                                                                                                                                           |   | Accelerated      filer  ̈ |   | Non-accelerated      filer  x |   | Smaller      reporting company ̈ |   |

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

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | Page   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| Part I                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |
| Item      1.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | Business                                                                                                                                                     | 3      |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |
| Item      1A.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | Risk      Factors                                                                                                                                            | 7      |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |
| Item      1B.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | Unresolved Staff      Comments                                                                                                                               | 8      |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |
| Item      2.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | Properties                                                                                                                                                   | 9      |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |
| Item      3.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | Legal      Proceedings                                                                                                                                       | 10     |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |
| Item      4.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | Submission of Matters to a Vote of Security      Holders                                                                                                     | 10     |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |
| Part II                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |
| Item      5.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | Market for Registrant's Common Equity,      Related                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | Stockholder      Matters and Issuer Purchases of Equity Securities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | 11     |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |
| Item      6.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | Selected Financial      Data                                                                                                                                 | 12     |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |
| Item      7.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | Management's Discussion and Analysis of                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | Financial      Condition and Results of      Operations                                                                                                                          | 13     |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |
| Item      7A.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | Quantitative and Qualitative Disclosures About Market      Risk                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | 15     |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |
| Item      8.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | Financial Statements and Supplementary      Data                                                                                                             | 16     |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |
| Item      9.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | Changes in and Disagreements with      Accountants                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | on Accounting      and Financial      Disclosure                                                                                                                                 | 29     |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |
| Item      9A.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | Controls and      Procedures                                                                                                                                 | 29     |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |
| Item      9B.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | Other      Information                                                                                                                                       | 30     |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |
| Part III                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |
| Item      10.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | Directors, Executive Officers and Corporate      Governance                                                                                                  | 31     |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |
| Item      11.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | Executive      Compensation                                                                                                                                  | 31     |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |
| Item      12.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | Security Ownership of Certain Beneficial Owners and      Management and                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | Related      Stockholder      Matters                                                                                                                                            | 32     |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |
| Item      13.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | Certain Relationships and Related Transactions, and      Director Independence                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | 32     |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |
| Item      14.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | Principal Accounting Fees and      Services                                                                                                                  | 32     |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |
| Part IV                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |
| Item      15.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | Exhibits and Financial Statement      Schedules                                                                                                              | 33     |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |
| Glossary of Oil and Gas      Terms                                                                                                                   | 34                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |
| Signatures                                                                                                                                           | 36                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |

----

Part I

Item

----

----

----

----

tem

----

Item1B

----

Item2.   

|                                    |   | Proved      Developed |    |   | Proved       |   |   | Total       |   |
|-----------------------------------------|--------|-----------------------|---------|--------|--------------|--------|--------|-------------|--------|
|                                    |   | Producing             |    |   | Nonproducing |   |   | Undeveloped |   |   | Proved |   |
| Oil      (Bbls)                         |   |                  | 90,000  |   |         |   | -      |        |   |   | - |   |   |   | 90,000 |   |
| Gas      (Mcf)                          |   |                  | 104,000 |   |         |   | -      |        |   |   | - |   |   |   | 104,000 |   |
| Total      (BOE)                        |   |                  | 107,000 |   |         |   | -      |        |   |   | - |   |   |   | 107,000 |   |
|                                    |   |                  |    |   |         |   |   |        |   |   |   |   |   |   |   |   |
| Standardized      measure of discounted |   |                  |    |   |         |   |   |        |   |   |   |   |   |   |   |   |
| future net cash      flows              |   |                  |    |   |         |   |   |        |   |   |   |   |   | $ | 2,558,000 |   |

|      |   | Proved      Reserves |   |   |   |   |
|-----------|--------|----------------------|--------|--------|--------|--------|
|      |   |                 |   |   |   |   |   | Total      Oil |   |   | Percent      of |   |
|      |   | Oil                  |   |   | Gas    |   |   | Equivalent |   |   | Total      Oil |   |
|      |   | (Bbls)               |   |   | (Mcf)  |   |   | (BOE) |   |   | Equivalent |   |
| Slaughter |   |                 | 55,000 |   |   |   | - |   |   |   | 55,000 |   |   |   | 51.4 | % |
| Anita     |   |                 | 14,000 |   |   |   | - |   |   |   | 14,000 |   |   |   | 13.1 | % |
| Other     |   |                 | 21,000 |   |   |   | 104,000 |   |   |   | 38,000 |   |   |   | 35.5 | % |
| Total     |   |                 | 90,000 |   |   |   | 104,000 |   |   |   | 107,000 |   |   |   | 100.0 | % |

----

tem

tem

----

Part II

tem 

|                |   | Total      Number |   |   |               |   |
|---------------------|--------|-------------------|--------|--------|--------------------|--------|
|                |   | of      Units     |   |   | Average      Price |   |
| Period              |   | Purchased         |   |   | Paid      Per Unit |   |
| January      2007   |   |              | 30     |   |               | $      | 38.62 |   |
| February      2007  |   |              | -      |   |               |   | - |   |
| March      2007     |   |              | -      |   |               |   | - |   |
| April      2007     |   |              | 37     |   |               |   | 28.96 |   |
| May      2007       |   |              | -      |   |               |   | - |   |
| June      2007      |   |              | -      |   |               |   | - |   |
| July      2007      |   |              | 16     |   |               |   | 13.95 |   |
| August      2007    |   |              | -      |   |               |   | - |   |
| September      2007 |   |              | -      |   |               |   | - |   |
| October      2007   |   |              | -      |   |               |   | - |   |
| November      2007  |   |              | -      |   |               |   | - |   |
| December      2007  |   |              | 30     |   |               |   | 10.73 |   |
| TOTALS              |   |              | 113    |   |               | $      | 24.55 |   |

----

Item

|                                       |   | Years      ended December 31, |    |
|--------------------------------------------|--------|-------------------------------|---------|
|                                       |   | 2007                          |    |   | 2006 |   |   | 2005 |   |   | 2004 |   |   | 2003 |   |
| Revenues                                   |   | $                             | 587,386 |   |   | $ | 570,591 |   |   | $ | 581,981 |   |   | $ | 428,701 |   |   | $ | 372,077 |   |
|                                       |   |                          |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Income      before cumulative              |   |                          |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| effect of accounting      change           |   |                          | 119,649 |   |   |   | 157,428 |   |   |   | 216,857 |   |   |   | 76,793 |   |   |   | 38,355 |   |
|                                       |   |                          |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net      income                            |   |                          | 119,649 |   |   |   | 157,428 |   |   |   | 216,857 |   |   |   | 76,793 |   |   |   | 58,751 |   |
|                                       |   |                          |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Partners'      share of net income:        |   |                          |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                       |   |                          |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| General      partners                      |   |                          | 13,502  |   |   |   | 16,712 |   |   |   | 22,428 |   |   |   | 8,488 |   |   |   | 7,175 |   |
|                                       |   |                          |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Limited      partners                      |   |                          | 106,147 |   |   |   | 140,716 |   |   |   | 194,429 |   |   |   | 68,305 |   |   |   | 51,576 |   |
|                                       |   |                          |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Limited      partners' income              |   |                          |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| per unit before cumulative      effect     |   |                          |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| of accounting    change                    |   |                          | 10.12   |   |   |   | 13.42 |   |   |   | 18.55 |   |   |   | 6.52 |   |   |   | 3.17 |   |
|                                       |   |                          |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Limited      partners' net income per unit |   |                          | 10.12   |   |   |   | 13.42 |   |   |   | 18.55 |   |   |   | 6.52 |   |   |   | 4.92 |   |
|                                       |   |                          |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Limited      partners' cash                |   |                          |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| distributions per    unit                  |   |                          | 8.68    |   |   |   | 15.76 |   |   |   | 20.60 |   |   |   | 5.71 |   |   |   | .08 |   |
|                                       |   |                          |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total      assets                          |   | $                             | 364,162 |   |   | $ | 338,457 |   |   | $ | 300,193 |   |   | $ | 306,869 |   |   | $ | 290,158 |   |

----

Item7. 

----

|                                           |   | Year      Ended December 31, |    |
|------------------------------------------------|--------|------------------------------|---------|
|                                           |   | 2007                         |    |   | 2006 |   |   | 2005 |   |
| Oil      production in barrels                 |   |                         | 7,575   |   |   |   | 7,943 |   |   |   | 9,221 |   |
| Gas      production in mcf                     |   |                         | 11,034  |   |   |   | 10,930 |   |   |   | 13,186 |   |
| Total      (BOE)                               |   |                         | 9,414   |   |   |   | 9,765 |   |   |   | 11,419 |   |
| Average      price per barrel of oil           |   | $                            | 66.13   |   |   | $ | 61.45 |   |   | $ | 51.79 |   |
| Average      price per mcf of gas              |   | $                            | 7.77    |   |   | $ | 7.53 |   |   | $ | 7.92 |   |
| Partnership      distributions                 |   | $                            | 101,160 |   |   | $ | 183,535 |   |   | $ | 240,000 |   |
| Limited      partner distributions             |   | $                            | 91,049  |   |   | $ | 165,197 |   |   | $ | 216,000 |   |
| Per      unit distribution to limited partners |   | $                            | 8.68    |   |   | $ | 15.76 |   |   | $ | 20.60 |   |
| Number      of limited partner units           |   |                         | 10,484  |   |   |   | 10,484 |   |   |   | 10,484 |   |

----

Item

----

Item

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   | Page   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|
| Report of Independent Registered Public Accounting      Firm                                                                                                    |   | 17     |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |   |
| Balance      Sheets                                                                                                                                             |   | 18     |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |   |
| Statements of      Operations                                                                                                                                   |   | 19     |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |   |
| Statements of Changes in Partners' Equity      (Deficit)                                                                                                        |   | 20     |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |   |
| Statements of Cash      Flows                                                                                                                                   |   | 21     |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |   |
| Notes to Financial      Statements                                                                                                                              |   | 22     |

----

EPENDE

----

& Gas Income Fund 

|                                            |   | December      31, |      |
|-------------------------------------------------|--------|-------------------|-----------|
|                                            |   | 2007              |      |   | 2006 |   |
| Assets                                          |   |              |      |   |   |   |
|                                            |   |              |      |   |   |   |
| Current      assets:                            |   |              |      |   |   |   |
| Cash and cash      equivalents                  |   | $                 | 36,182    |   |   | $ | 25,512 |   |
| Receivable from Managing General      Partner   |   |              | 53,894    |   |   |   | 20,138 |   |
| Distribution      receivable                    |   |              | -         |   |   |   | 22 |   |
| New Mexico income tax      deposits             |   |              | 9,797     |   |   |   | 8,113 |   |
| Total current      assets                       |   |              | 99,873    |   |   |   | 53,785 |   |
|                                            |   |              |      |   |   |   |   |   |
| Oil      and gas properties - using the full-   |   |              |      |   |   |   |   |   |
| cost method of      accounting                  |   |              | 3,933,751 |   |   |   | 3,938,761 |   |
| Less accumulated      depreciation,             |   |              |      |   |   |   |   |   |
| depletion and      amortization                 |   |              | 3,669,462 |   |   |   | 3,654,089 |   |
|                                            |   |              |      |   |   |   |   |   |
| Net oil and gas      properties                 |   |              | 264,289   |   |   |   | 284,672 |   |
|                                            |   |              |      |   |   |   |   |   |
|                                            |   | $                 | 364,162   |   |   | $ | 338,457 |   |
|                                            |   |              |      |   |   |   |   |   |
| Liabilities and Partners' Equity      (Deficit) |   |              |      |   |   |   |   |   |
|                                            |   |              |      |   |   |   |   |   |
| Asset      retirement obligation                |   | $                 | 232,968   |   |   | $ | 225,752 |   |
|                                            |   |              |      |   |   |   |   |   |
| Partners'      equity (deficit):                |   |              |      |   |   |   |   |   |
| General partners                                |   |              | (12,049   | ) |   |   | (15,440 | ) |
| Limited partners                                |   |              | 143,243   |   |   |   | 128,145 |   |
|                                            |   |              |      |   |   |   |   |   |
| Total partners'      equity                     |   |              | 131,194   |   |   |   | 112,705 |   |
|                                            |   |              |      |   |   |   |   |   |
|                                            |   | $                 | 364,162   |   |   | $ | 338,457 |   |

----

Gas Income 

|                                          |   | Years      ended December 31, |    |
|-----------------------------------------------|--------|-------------------------------|---------|
|                                          |   | 2007                          |    |   | 2006 |   |   | 2005 |   |
| Revenues                                      |   |                          |    |   |   |   |   |   |   |
|                                          |   |                          |    |   |   |   |   |   |   |
| Oil and gas    income                         |   | $                             | 586,712 |   |   | $ | 570,421 |   |   | $ | 581,981 |   |
| Other                                         |   |                          | 647     |   |   |   | 170 |   |   |   | - |   |
| Miscellaneous                                 |   |                          | 27      |   |   |   | - |   |   |   | - |   |
|                                          |   |                          | 587,386 |   |   |   | 570,591 |   |   |   | 581,981 |   |
| Expenses                                      |   |                          |    |   |   |   |   |   |   |   |   |   |
|                                          |   |                          |    |   |   |   |   |   |   |   |   |   |
| Production                                    |   |                          | 330,341 |   |   |   | 290,732 |   |   |   | 256,245 |   |
| Depreciation, depletion and      amortization |   |                          | 15,373  |   |   |   | 9,693 |   |   |   | 7,425 |   |
| Accretionexpense                              |   |                          | 20,102  |   |   |   | 13,140 |   |   |   | 10,796 |   |
| General and      administrative               |   |                          | 101,921 |   |   |   | 99,598 |   |   |   | 90,658 |   |
|                                          |   |                          | 467,737 |   |   |   | 413,163 |   |   |   | 365,124 |   |
|                                          |   |                          |    |   |   |   |   |   |   |   |   |   |
| Net      income                               |   | $                             | 119,649 |   |   | $ | 157,428 |   |   | $ | 216,857 |   |
|                                          |   |                          |    |   |   |   |   |   |   |   |   |   |
| Net      income allocated to:                 |   |                          |    |   |   |   |   |   |   |   |   |   |
|                                          |   |                          |    |   |   |   |   |   |   |   |   |   |
| Managing General      Partner                 |   | $                             | 12,152  |   |   | $ | 15,041 |   |   | $ | 20,185 |   |
|                                          |   |                          |    |   |   |   |   |   |   |   |   |   |
| General Partner                               |   | $                             | 1,350   |   |   | $ | 1,671 |   |   | $ | 2,243 |   |
|                                          |   |                          |    |   |   |   |   |   |   |   |   |   |
| Limitedpartners                               |   | $                             | 106,147 |   |   | $ | 140,716 |   |   | $ | 194,429 |   |
|                                          |   |                          |    |   |   |   |   |   |   |   |   |   |
| Per limited partner      unit                 |   | $                             | 10.12   |   |   | $ | 13.42 |   |   | $ | 18.55 |   |

----

Gas Income 

|                              |   | General  |    |   | Limited  |   |     |   |   |
|-----------------------------------|--------|----------|---------|--------|----------|--------|----------|--------|--------|
|                              |   | Partners |    |   | Partners |   |     | Total  |   |
| Balance      at December 31, 2004 |   | $        | (12,242 | )      |     | $      | 174,197  |   |   | $ | 161,955 |   |
|                              |   |     |    |   |     |   |     |   |   |   |   |   |
| Net income                        |   |     | 22,428  |   |     |   | 194,429  |   |   |   | 216,857 |   |
|                              |   |     |    |   |     |   |     |   |   |   |   |   |
| Distributions                     |   |     | (24,000 | )      |     |   | (216,000 | )      |   |   | (240,000 | ) |
|                              |   |     |    |   |     |   |     |   |   |   |   |   |
| Balance      at December 31, 2005 |   |     | (13,814 | )      |     |   | 152,626  |   |   |   | 138,812 |   |
|                              |   |     |    |   |     |   |     |   |   |   |   |   |
| Net income                        |   |     | 16,712  |   |     |   | 140,716  |   |   |   | 157,428 |   |
|                              |   |     |    |   |     |   |     |   |   |   |   |   |
| Distributions                     |   |     | (18,338 | )      |     |   | (165,197 | )      |   |   | (183,535 | ) |
|                              |   |     |    |   |     |   |     |   |   |   |   |   |
| Balance      at December 31, 2006 |   |     | (15,440 | )      |     |   | 128,145  |   |   |   | 112,705 |   |
|                              |   |     |    |   |     |   |     |   |   |   |   |   |
| Net income                        |   |     | 13,502  |   |     |   | 106,147  |   |   |   | 119,649 |   |
|                              |   |     |    |   |     |   |     |   |   |   |   |   |
| Distributions                     |   |     | (10,111 | )      |     |   | (91,049  | )      |   |   | (101,160 | ) |
|                              |   |     |    |   |     |   |     |   |   |   |   |   |
| Balance      at December 31, 2007 |   | $        | (12,049 | )      |     | $      | 143,243  |   |   | $ | 131,194 |   |

----

 Gas Income 

|                                                      |   | Years      ended December 31, |     |
|-----------------------------------------------------------|--------|-------------------------------|----------|
|                                                      |   | 2007                          |     |   | 2006 |   |   | 2005 |   |
| Cash      flows from operating activities:                |   |                          |     |   |   |   |   |   |   |
|                                                      |   |                          |     |   |   |   |   |   |   |
| Cash received from oil and gas      sales                 |   | $                             | 551,272  |   |   | $ | 574,063 |   |   | $ | 595,323 |   |
| Cash paid for production      expense, administrative     |   |                          |     |   |   |   |   |   |   |   |   |   |
| fees and general and      administrative overhead         |   |                          | (445,148 | ) |   |   | (412,536 | ) |   |   | (353,642 | ) |
| Interestreceived                                          |   |                          | 647      |   |   |   | 170 |   |   |   | - |   |
| Miscellaneous                                             |   |                          | 27       |   |   |   | - |   |   |   | - |   |
|                                                      |   |                          |     |   |   |   |   |   |   |   |   |   |
| Net cash provided by operating      activities            |   |                          | 106,798  |   |   |   | 161,697 |   |   |   | 241,681 |   |
|                                                      |   |                          |     |   |   |   |   |   |   |   |   |   |
| Cash      flows provided by investing activities:         |   |                          |     |   |   |   |   |   |   |   |   |   |
|                                                      |   |                          |     |   |   |   |   |   |   |   |   |   |
| Sale of oil and gas      equipment                        |   |                          | 5,010    |   |   |   | 5,102 |   |   |   | 13,589 |   |
|                                                      |   |                          |     |   |   |   |   |   |   |   |   |   |
| Cash      flows from financing activities:                |   |                          |     |   |   |   |   |   |   |   |   |   |
|                                                      |   |                          |     |   |   |   |   |   |   |   |   |   |
| Distributions to      partners                            |   |                          | (101,160 | ) |   |   | (183,535 | ) |   |   | (240,000 | ) |
| Increase (decrease) in      distributions payable         |   |                          | 22       |   |   |   | - |   |   |   | (576 | ) |
|                                                      |   |                          |     |   |   |   |   |   |   |   |   |   |
| Net cash used in financing      activities                |   |                          | (101,138 | ) |   |   | (183,535 | ) |   |   | (240,576 | ) |
|                                                      |   |                          |     |   |   |   |   |   |   |   |   |   |
| Net      increase (decrease) in cash and cash equivalents |   |                          | 10,670   |   |   |   | (16,736 | ) |   |   | 14,694 |   |
|                                                      |   |                          |     |   |   |   |   |   |   |   |   |   |
| Beginning ofyear                                          |   |                          | 25,512   |   |   |   | 42,248 |   |   |   | 27,554 |   |
|                                                      |   |                          |     |   |   |   |   |   |   |   |   |   |
| End of year                                               |   | $                             | 36,182   |   |   | $ | 25,512 |   |   | $ | 42,248 |   |
|                                                      |   |                          |     |   |   |   |   |   |   |   |   |   |
| Reconciliation      of net income to net cash             |   |                          |     |   |   |   |   |   |   |   |   |   |
| provided by operating      activities:                    |   |                          |     |   |   |   |   |   |   |   |   |   |
|                                                      |   |                          |     |   |   |   |   |   |   |   |   |   |
| Net      income                                           |   | $                             | 119,649  |   |   | $ | 157,428 |   |   | $ | 216,857 |   |
|                                                      |   |                          |     |   |   |   |   |   |   |   |   |   |
| Adjustments      to reconcile net income to net cash      |   |                          |     |   |   |   |   |   |   |   |   |   |
| provided by operating      activities:                    |   |                          |     |   |   |   |   |   |   |   |   |   |
|                                                      |   |                          |     |   |   |   |   |   |   |   |   |   |
| Depreciation, depletion and      amortization             |   |                          | 15,373   |   |   |   | 9,693 |   |   |   | 7,425 |   |
| Accretionexpense                                          |   |                          | 20,102   |   |   |   | 13,140 |   |   |   | 10,796 |   |
| Settlement of asset retirement      obligations           |   |                          |     |   |   |   |   |   |   |   |   |   |
| for plugged and abandoned      wells                      |   |                          | (12,886  | ) |   |   | (22,206 | ) |   |   | (6,739 | ) |
| (Increase) decrease in      receivables and deposits      |   |                          | (35,440  | ) |   |   | 3,642 |   |   |   | 13,342 |   |
|                                                      |   |                          |     |   |   |   |   |   |   |   |   |   |
| Net      cash provided by operating activities            |   | $                             | 106,798  |   |   | $ | 161,697 |   |   | $ | 241,681 |   |
|                                                      |   |                          |     |   |   |   |   |   |   |   |   |   |
| Noncash      investing and financing activities:          |   |                          |     |   |   |   |   |   |   |   |   |   |
| Increase in oil and gas      properties –           |   |                          |     |   |   |   |   |   |   |   |   |   |
| SFAS No. 143                                              |   | $                             | -        |   |   | $ | 73,437 |   |   | $ | 12,964 |   |

----

Gas Income 

| 1. | Organization |
|----|--------------|

|                                                                   | Limited  |   | General  |
|------------------------------------------------------------------------|----------|--------|----------|
|                                                                   | Partners |   | Partners |
| Interest      income on capital contributions                          | 100%     |   | -        |
| Oil      and gas sales                                                 | 90%      |   | 10%      |
| All      other revenues                                                | 90%      |   | 10%      |
| Organization      and offering costs (1)                               | 100%     |   | -        |
| Syndication      costs                                                 | 100%     |   | -        |
| Amortization      of organization costs                                | 100%     |   | -        |
| Property      acquisition costs                                        | 100%     |   | -        |
| Gain/loss      on property disposition                                 | 90%      |   | 10%      |
| Operating      and administrative costs (2)                            | 90%      |   | 10%      |
| Depreciation,      depletion and amortization of oil and as properties | 100%     |   | -        |
| All      other costs                                                   | 90%      |   | 10%      |

|   | (1) | All      organization costs in excess of 3% of initial capital contributions will      be paid by the Managing General Partner and will be treated as a capital      contribution.  The Partnership paid the Managing General Partner      an amount equal to 3% of initial capital contributions for such      organization costs. |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (2) | Administrative      costs in any year, which exceed 2% of capital contributions shall be paid      by the Managing General Partner and will be treated as a capital      contribution. |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2. | Summary of Significant      Accounting Policies |
|----|-------------------------------------------------|

----

| 2. | Summary of Significant      Accounting Policies -continued |
|----|------------------------------------------------------------|

----

| 2. | Summary of Significant      Accounting Policies -continued |
|----|------------------------------------------------------------|

|                                                             |   | 2007   |    |   | 2006   |   |
|------------------------------------------------------------------|--------|--------|---------|--------|--------|--------|
| Beginning      of year                                           |   | $      | 225,752 |   |   | $      | 161,381 |   |
| Reduction      of obligations due to wells plugged and abandoned |   |   | (12,886 | )      |   |   | (22,206 | ) |
| Accretion      expense                                           |   |   | 20,102  |   |   |   | 13,140 |   |
| Revisions      of previous estimates                             |   |   | -       |   |   |   | 73,437 |   |
| End      of year                                                 |   | $      | 232,968 |   |   | $      | 225,752 |   |

----

| 4. | Commitments and      Contingent Liabilities |
|----|---------------------------------------------|

| 5. | Related Party      Transactions |
|----|---------------------------------|

----

| 6. | Oil and Gas Reserves      Information (unaudited) |
|----|---------------------------------------------------|

|                                 |   | Oil      (bbls) |    |   | Gas      (mcf) |   |
|--------------------------------------|--------|-----------------|---------|--------|----------------|--------|
| Total      Proved -                  |   |            |    |   |           |   |
|                                 |   |            |    |   |           |   |
| January      1, 2005                 |   |            | 99,000  |   |           |   | 202,000 |   |
|                                 |   |            |    |   |           |   |   |   |
| Revisions of previous      estimates |   |            | 38,000  |   |           |   | (68,000 | ) |
| Production                           |   |            | (9,000  | )      |           |   | (13,000 | ) |
|                                 |   |            |    |   |           |   |   |   |
| December      31, 2005               |   |            | 128,000 |   |           |   | 121,000 |   |
|                                 |   |            |    |   |           |   |   |   |
| Revisions of previous      estimates |   |            | (43,000 | )      |           |   | 43,000 |   |
| Production                           |   |            | (8,000  | )      |           |   | (11,000 | ) |
|                                 |   |            |    |   |           |   |   |   |
| December      31, 2006               |   |            | 77,000  |   |           |   | 153,000 |   |
|                                 |   |            |    |   |           |   |   |   |
| Revisions of previous      estimates |   |            | 21,000  |   |           |   | (38,000 | ) |
| Production                           |   |            | (8,000  | )      |           |   | (11,000 | ) |
|                                 |   |            |    |   |           |   |   |   |
| December      31, 2007               |   |            | 90,000  |   |           |   | 104,000 |   |
|                                 |   |            |    |   |           |   |   |   |
| Proved developed reserves      -     |   |            |    |   |           |   |   |   |
| December      31, 2005               |   |            | 128,000 |   |           |   | 121,000 |   |
| December      31, 2006               |   |            | 77,000  |   |           |   | 153,000 |   |
| December      31, 2007               |   |            | 90,000  |   |           |   | 104,000 |   |

----

| 6. | Oil and Gas Reserves      Information (unaudited) -continued |
|----|--------------------------------------------------------------|

|                                               |   | 2007   |      |   | 2006   |   |      | 2005   |   |
|----------------------------------------------------|--------|--------|-----------|--------|--------|--------|-----------|--------|--------|
| Future      cash inflows                           |   | $      | 8,929,000 |   |   | $      | 4,917,000 |   |   | $ | 8,583,000 |   |
| Production,      development and abandonment costs |   |   | 3,835,000 |   |   |   | 2,420,000 |   |   |   | 4,011,000 |   |
| Future      net cash flows                         |   |   | 5,094,000 |   |   |   | 2,497,000 |   |   |   | 4,572,000 |   |
| 10%      annual discount for estimated             |   |   |      |   |   |   |      |   |   |   |   |   |
| timing of cash    flows                            |   |   | 2,536,000 |   |   |   | 1,191,000 |   |   |   | 2,320,000 |   |
| Standardized      measure of discounted            |   |   |      |   |   |   |      |   |   |   |   |   |
| future net cash      flows                         |   | $      | 2,558,000 |   |   | $      | 1,306,000 |   |   | $ | 2,252,000 |   |

|                                                        |   | 2007   |      |   | 2006   |   |      | 2005   |   |
|-------------------------------------------------------------|--------|--------|-----------|--------|--------|--------|-----------|--------|--------|
| Sales      of oil and gas produced, net of production costs |   | $      | (255,000  | )      |   | $      | (280,000  | )      |   | $ | (326,000 | ) |
| Changes      in prices and production costs                 |   |   | 1,096,000 |   |   |   | (475,000  | )      |   |   | 778,000 |   |
| Changes      of production rates (timing) and others        |   |   | (69,000   | )      |   |   | 41,000    |   |   |   | 54,000 |   |
| Revisions      of previous quantities estimates             |   |   | 349,000   |   |   |   | (457,000  | )      |   |   | 405,000 |   |
| Accretion      of discount                                  |   |   | 131,000   |   |   |   | 225,000   |   |   |   | 122,000 |   |
| Discounted      future net cash flows -                     |   |   |      |   |   |   |      |   |   |   |   |   |
| Beginning      of year                                      |   |   | 1,306,000 |   |   |   | 2,252,000 |   |   |   | 1,219,000 |   |
| End      of year                                            |   | $      | 2,558,000 |   |   | $      | 1,306,000 |   |   | $ | 2,252,000 |   |

----

| 7. | Selected Quarterly      Financial Results –(unaudited) |
|----|--------------------------------------------------------------|

|                                            |   | Quarter |    |
|-------------------------------------------------|--------|---------|---------|
|                                            |   | First   |    |   | Second |   |   | Third |   |   | Fourth |   |
| 2007:                                           |   |    |    |   |   |   |   |   |   |   |   |   |
| Total revenues                                  |   | $       | 75,489  |   |   | $ | 152,945 |   |   | $ | 185,781 |   |   | $ | 173,171 |   |
| Total expenses                                  |   |    | 99,327  |   |   |   | 109,254 |   |   |   | 138,998 |   |   |   | 120,158 |   |
| Net (loss) income                               |   | $       | (23,838 | ) |   | $ | 43,691 |   |   | $ | 46,783 |   |   | $ | 53,013 |   |
|                                            |   |    |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net (loss)income per limited      partners unit |   | $       | (2.07   | ) |   | $ | 3.71 |   |   | $ | 3.97 |   |   | $ | 4.51 |   |

|                                      |   | Quarter |    |
|-------------------------------------------|--------|---------|---------|
|                                      |   | First   |    |   | Second |   |   | Third |   |   | Fourth |   |
| 2006:                                     |   |    |    |   |   |   |   |   |   |   |   |   |
| Total revenues                            |   | $       | 143,158 |   |   | $ | 174,731 |   |   | $ | 115,464 |   |   | $ | 137,238 |   |
| Total expenses                            |   |    | 79,511  |   |   |   | 115,307 |   |   |   | 86,895 |   |   |   | 131,450 |   |
| Net income                                |   | $       | 63,647  |   |   | $ | 59,424 |   |   | $ | 28,569 |   |   | $ | 5,788 |   |
|                                      |   |    |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net income per limited partners      unit |   | $       | 5.45    |   |   | $ | 5.08 |   |   | $ | 2.44 |   |   | $ | .45 |   |

----

Item9

Item

----

Item

----

Part III

em

Item

----

Item

Item

Item

| For      the Year Ended December 31, |   | 2007   |   |   | 2006   |   |
|--------------------------------------|--------|--------|--------|--------|--------|--------|
|                                 |   |   |   |   |   |   |
| Audit      Fees                      |   | $      | 16,932 |   |   | $      | 15,084 |   |
| Audit      Related Fees              |   |   | -      |   |   |   | - |   |
| Tax      Fees                        |   |   | -      |   |   |   | - |   |
| All      Other Fees                  |   |   | -      |   |   |   | - |   |
|                                 |   |   |   |   |   |   |   |   |
| TOTAL                                |   | $      | 16,932 |   |   | $      | 15,084 |   |

----

Part 

Item

| (a)    | (1)    | Financial      Statements:                                                                                                                                                                                          |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                |
|   |   | Included in Part II of this      report                                                                                                                                                                             |
|   |   |                                                                                                                                                                                                                |
|   |   | Report of Independent Registered      Public Accounting Firm                                                                                                                                                        |
|   |   | Balance Sheets                                                                                                                                                                                                      |
|   |   | Statements of      Operations                                                                                                                                                                                       |
|   |   | Statements of Changes in      Partners' Equity (Deficit)                                                                                                                                                            |
|   |   | Statements of Cash      Flows                                                                                                                                                                                       |
|   |   | Notes to Financial      Statements                                                                                                                                                                                  |
|   |   |                                                                                                                                                                                                                |
|   | (2)    | Schedules      required by Article 12 of Regulation S-X are either omitted because they      are not applicable or because the required information is shown in the      financial statements or the notes thereto. |
|   |   |                                                                                                                                                                                                                |
|   | (3)    | Exhibits:                                                                                                                                                                                                           |

| 4      | (a)    | Certificate      of Limited Partnership of Southwest Oil & Gas Income Fund X-A, L.P.,      dated January 29, 1990.  (Incorporated by reference from      Partnership's Form 10-K for the fiscal year ended December 31,      1990.) |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                                                              |
|   | (b)    | Agreement      of Limited Partnership of Southwest Oil & Gas Income Fund X-A, L.P.      dated January 29, 1990.  (Incorporated by reference from      Partnership's Form 10-K for the fiscal year ended December 31,      1990.)    |
|   |   |                                                                                                                                                                                                                                              |
|   | 31.1   | Rule      13a-14(a)/15d-14(a) Certification                                                                                                                                                                                                       |
|   | 31.2   | Rule      13a-14(a)/15d-14(a) Certification                                                                                                                                                                                                       |
|   | 32.1   | Certification      of Chief Executive Officer and Chief Financial Officer Pursuant to 18      U.S.C. Section 1350, as adopted Pursuant to Section 906 of the      Sarbanes-Oxley Act of 2002                                                      |

----

Glossary

----

----

Signatures

|   | Southwest      Oil & Gas Income Fund X-A, L.P., |
|--------|-----------------------------------------------------|
|   | a Delaware      limited partnership            |
|   |                                                |
| By:    | Southwest      Royalties, Inc., Managing            |
|   | General      Partner                                |
|   |                                                |
|   |                                                |
| By:    | /s/      L. Paul Latham                             |
|   | L.      Paul Latham                                 |
|   | President      and Chief Executive Officer          |
|   |                                                |
| Date:  | March      28, 2008                                 |

|                                                                                       |   |                                                                                       |
|--------------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------------------------|
| /s/      Clayton W Williams                                                                |   | /s/      L. Paul Latham                                                                    |
| Clayton      W. Williams, Chairman of the Board                                            |   | L.      Paul Latham, President and a Director                                              |
| and      a Director                                                                        |   |                                                                                       |
|                                                                                       |   |                                                                                       |
| Date:           March      28, 2008 |   | Date:           March      28, 2008 |
|                                                                                       |   |                                                                                       |
|                                                                                       |   |                                                                                       |
|                                                                                       |   |                                                                                       |
|                                                                                       |   |                                                                                       |
| /s/      Mel G. Riggs                                                                      |   |                                                                                       |
| Mel      G. Riggs, Vice President – Finance,                                         |   |                                                                                       |
| Treasurer      and a Director                                                              |   |                                                                                       |
|                                                                                       |   |                                                                                       |
| Date:           March      28, 2008 |   |                                                                                       |
|                                                                                       |   |                                                                                       |
|                                                                                       |   |                                                                                       |