U.S. Securities and Exchange Commission
Washington, D.C. 20549
Form 10-QSB
(Mark One)
[ X ] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended June 30, 2003
[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 [No Fee Required]
For the transition period from _______ to _______
Commission file number 333-82389
Atlas-Energy for the Nineties-Public #8 Ltd.
(Name of small business issuer in its charter)
Pennsylvania 25-1836294
- ------------------------------- -------------------
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
311 Rouser Road
Moon Township, PA 15108
- ---------------------------------------- ----------
(Address of principal executive offices) (Zip code)
Issuer's telephone number, including area code: (412) 262-2830
Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports), and (2) has
been subject to such filing requirements for the past 90 days.
Yes__X_____ No_____
ATLAS-ENERGY FOR THE NINETIES - PUBLIC #8 LTD.
(A Pennsylvania Limited Partnership)
INDEX TO QUARTERLY REPORT
ON FORM 10QSB
PART I. FINANCIAL INFORMATION PAGE
Item 1. Financial Statements
Balance Sheets as of June 30, 2003 (Unaudited) and December 31, 2002 3
Statements of Operations for the Three Months and Six Months Ended
June 30, 2003 and 2002 (Unaudited) 4
Statement of Partners' Capital Accounts for the Six Months Ended June 30, 2003 (Unaudited) 5
Statements of Cash Flows for the Six Months Ended June 30, 2003 and 2002 (Unaudited) 6
Notes to Financial Statements (Unaudited) 7-10
Item 2. Management's Discussion and Analysis of Financial Condition
and Results of Operations 11-13
Item 3. Controls and Procedures 13
PART II. OTHER INFORMATION
Item 6. Exhibits and Reports on Form 8-K 14
SIGNATURES 15
CERTIFICATIONS 15-18
2
PART I
ITEM 1. FINANCIAL STATEMENTS
ATLAS-ENERGY FOR THE NINETIES - PUBLIC #8 LTD.
(A Pennsylvania Limited Partnership)
BALANCE SHEETS
June 30, December 31,
2003 2002
----------- ------------
(Unaudited)
ASSETS
Current Assets:
Cash $ 123,000 $ 1,600
Accounts receivable - affiliate 150,200 119,500
----------- -----------
Total current assets 273,200 121,100
Oil and gas properties (successful efforts) 12,801,800 12,573,800
Less accumulated depletion and depreciation (7,975,600) (7,704,400)
----------- -----------
4,826,200 4,869,400
----------- -----------
$ 5,099,400 $ 4,990,500
=========== ===========
LIABILITIES AND PARTNERS' CAPITAL
Current liabilities:
Accrued liabilities $ 29,900 $ 18,600
Unrealized hedging losses 20,000 52,700
----------- -----------
Total current liabilities 49,900 71,300
Asset retirement obligations 279,700 --
Partners' capital:
Managing General Partner 587,700 593,200
Limited Partners (1,111 units) 4,202,100 4,378,700
Accumulated other comprehensive income (loss) (20,000) (52,700)
----------- -----------
4,769,800 4,919,200
----------- -----------
$ 5,099,400 $ 4,990,500
=========== ===========
The accompanying notes are an integral part of these financial statements
3
ATLAS-ENERGY FOR THE NINETIES - PUBLIC #8 LTD.
(A Pennsylvania Limited Partnership)
STATEMENTS OF OPERATIONS
(Unaudited)
Three Months Ended Six Months Ended
June 30, June 30,
2003 2002 2003 2002
-------- -------- -------- --------
REVENUES:
Natural gas and oil sales $437,400 $237,600 $733,700 $570,400
Interest income 300 500 500 800
-------- -------- -------- --------
Total revenues 437,700 238,100 734,200 571,200
COST AND EXPENSES:
Production expenses 64,400 72,400 134,000 154,300
Depletion and depreciation of oil and gas properties 138,400 157,600 279,400 373,300
General and administrative expenses 16,900 18,100 33,200 37,800
-------- -------- -------- --------
Total expenses 219,700 248,100 446,600 565,400
-------- -------- -------- --------
Net Income (loss) before cumulative effect of change in accounting principle 218,000 (10,000) 287,600 5,800
Cumulative effect of change in accounting principle - - (43,500) -
-------- -------- -------- --------
Net Income (loss) $218,000 $(10,000) $244,100 $ 5,800
======== ======== ======== ========
Allocation of net income (loss):
Managing General Partner $ 86,800 $ 23,800 $118,200 $ 65,400
======== ======== ======== ========
Limited Partners $131,200 $(33,800) $125,900 $(59,600)
======== ======== ======== ========
Net income (loss) per limited partnership unit:
Before cumulative effect of change in accounting principle $ 118 $ (30) $ 141 $ (54)
Cumulative effect of change in accounting principle - - (28) -
-------- -------- -------- --------
Net Income (loss) per limited partnership unit $ 118 $ (30) $ 113 $ (54)
======== ======== ======== ========
The accompanying notes are an integral part of these financial statements
4
ATLAS-ENERGY FOR THE NINETIES - PUBLIC #8 LTD.
(A Pennsylvania Limited Partnership)
STATEMENT OF PARTNERS' CAPITAL ACCOUNTS
SIX MONTHES ENDED JUNE 30, 2003
(Unaudited)
Accumulated
Managing Other
General Limited Comprehensive
Partner Partners Income(loss) Total
--------- ---------- ------------- ----------
Balance at January 1, 2003 $ 593,200 $4,378,700 $ (52,700) $4,919,200
Participation in revenue and expenses:
Net production revenues 173,900 425,800 - 599,700
Interest income 200 300 - 500
Depletion and depreciation (33,700) (245,700) - (279,400)
General and administrative (9600) (23,600) - (33,200)
--------- ---------- --------- ----------
Net Income from operations 130,800 156,800 - 287,600
Cumulative effect of change in accounting principle (12,600) (30,900) - (43,500)
--------- ---------- --------- ----------
Net Income 118,200 125,900 - 244,100
Cash flow hedge losses reclassified to gas sales - - 41,600 41,600
Change in fair value of cash flow hedges - - (8,900) (8,900)
Distributions to Partners (123,700) (302,500) - (426,200)
--------- ---------- --------- ----------
Balance at June 30, 2003 $ 587,700 $4,202,100 $(20,000) $4,769,800
========= ========== ========= ==========
The accompanying notes are an integral part of these financial statements
5
ATLAS-ENERGY FOR THE NINETIES - PUBLIC #8 LTD.
(A Pennsylvania Limited Partnership)
STATEMENTS OF CASH FLOWS
(Unaudited)
Six Months Ended
June 30,
2003 2002
--------- ---------
Cash flows from operating activities:
Net income $ 244,100 $ 5,800
Adjustments to reconcile net income to net cash
provided by operating activities:
Depletion and depreciation 279,400 373,300
Cumulative effect of change in accounting
principle 43,500 -
(Increase) decrease in accounts receivable -
affiliate (30,700) 144,300
Increase in accrued liabilities 11,300 -
--------- ---------
Net cash provided by operating activities 547,600 523,400
Cash flows from financing activities:
Capital distributions (426,200) (480,400)
--------- ---------
Net cash used in financing activities (426,200) (480,400)
--------- ---------
Net increase in cash 121,400 43,000
Cash at beginning of period 1,600 19,700
--------- ---------
Cash at end of period $ 123,000 $ 62,700
========= =========
The accompanying notes are an integral part of these financial statements
6
ATLAS-ENERGY FOR THE NINETIES - PUBLIC #8 LTD.
(A Pennsylvania Limited Partnership)
NOTES TO FINANCIAL STATEMENTS
June 30, 2003
NOTE 1 MANAGEMENT'S OPINION REGARDING INTERIM FINANCIAL STATEMENTS
The financial statements of Atlas-Energy for The Nineties - Public #8 Ltd.
(the Partnership) for the six months ended June 30, 2003 and 2002 are
unaudited. Certain information and footnote disclosures normally included in
financial statements prepared in accordance with accounting principles
generally accepted in the United States of America have been condensed or
omitted in this Form 10-QSB pursuant to the rules and regulations of the
Securities and Exchange Commission. However, in the opinion of management,
these interim financial statements include all the necessary adjustments to
fairly present the results of the interim periods presented. The unaudited
interim financial statements should be read in conjunction with the audited
financial statements included in the Partnership's Form 10-KSB for the year
ended December 31, 2002. The results of operations for the six months ended
June 30, 2003 may not necessarily be indicative of the results of operations
for the year ending December 31, 2003.
Certain reclassifications have been made to the financial statements for
the three and six months ended June 30, 2002 to conform to the three and six
months ended June 30, 2003 presentation.
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Fair Value of Financial Instruments
For cash, receivables and payables, the carrying amounts approximate fair
value because of the short maturity of these instruments.
Asset Retirement Obligations-Change in Accounting Principle
SFAS No. 143, "Accounting for Asset Retirement Obligations" ("SFAS 143")
establishes requirements for accounting for the removal costs associated with
asset retirements. The adoption of SFAS 143 on January 1, 2003 resulted in the
recording of an additional $228,000 to oil and gas properties and equipment,
representing the estimated future well plugging costs (as discounted to the
present value at the dates the wells began operations). In addition, a
corresponding retirement obligation liability of $271,500 was recorded (which
includes accretion of that discounted value to January 1, 2003). The
cumulative effect of change in accounting principle represents the accretion
of the discounted plugging liability and the depletion of estimated future
plugging costs, added to oil and gas properties from the date the wells began
operations through January 1, 2003.
A reconciliation of the Company's liability for plugging and abandonment
costs for the six months ending June 30, 2003, is as follows (in thousands):
Asset retirement obligations at December 31, 2002 $ -
Adoption of SFAS 143 272
Accretion expense 8
----
Asset retirement obligations at June 30, 2003 $280
====
Except for the item above, no other material retirement obligations
associated with tangible long-lived assets have been determined.
For the three and six months ended June 30, 2002, the pro forma effects of
adopting SFAS 143 on January 1, 2002, would have increased net income $8,000
and $16,000 respectively, as the accretion of the discounted plugging
liability was offset by a reduction in depletion expense, after consideration
of expected equipment salvage values. The asset retirement obligation would
have been $256,100 as of January 1, 2002.
7
ATLAS-ENERGY FOR THE NINETIES - PUBLIC #8 LTD.
(A Pennsylvania Limited Partnership)
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
Supplemental Cash Flow Information
The Partnership considers temporary investments with a maturity at the
date of acquisition of 90 days or less to be cash equivalents. Additionally,
no cash was paid for interest or income taxes for the three and six months
ended June 30, 2003 and 2002.
Recently Issued Financial Accounting Standards
In April 2003, the Financial Accounting Standards Board ("FASB") issued
SFAS No. 149 ("SFAS 149") "Amendment of Statement 133 on Derivative
Instruments and Hedging Activates." SFAS 149 is effective for contracts
entered into or modified after June 30, 2003 and amends and clarifies
financial accounting and reporting for derivative instruments. The Partnership
believes that adoption of SFAS 149 will not have a material effect on its
financial position or results of operations.
In November 2002, the FASB issued Interpretation 45, "Guarantor's
Accounting and Disclosure Requirements for Guarantees, Including Indirect
Guarantees of Indebtedness of Others" ("FIN 45"). FIN 45 clarifies the
requirements for a guarantor's accounting for and disclosure of certain
guarantees issued and outstanding and requires a guarantor to recognize, at
the inception of a guarantee, a liability for the obligations it has
undertaken. The initial measurement of that liability is the fair value of the
guarantee at its inception. The initial recognition and measurement provisions
are applicable on a prospective basis to guarantees issued or modified after
December 31, 2002. The adoption of FIN 45 by the Partnership did not have a
material effect on its consolidated financial position or results of
operations.
NOTE 3 - COMPREHENSIVE INCOME (LOSS)
The following table presents comprehensive income for the periods
indicated:
Three Months Ended Six Months Ended
June 30, June 30,
---------------------- --------------------
2003 2002 2003 2002
-------- --------- -------- --------
Net Income (loss) $218,000 $(10,000) $244,100 $ 5,800
Other comprehensive income (loss):
Unrealized holding (losses) gains arising during the period 18,600 (19,400) (8,900) 26,300
Less: reclassification adjustment for losses realized in net income 13,800 3,600 41,600 5,600
-------- -------- -------- -------
Comprehensive income (loss) $250,400 $(25,800) $276,800 $37,700
======== ======== ======== =======
8
ATLAS-ENERGY FOR THE NINETIES - PUBLIC #8 LTD.
(A Pennsylvania Limited Partnership)
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
NOTE 4 - TRANSACTIONS WITH ATLAS AND ITS AFFILIATES
The Partnership has entered into the following significant transactions
with Atlas Resources, Inc. (Atlas), the Managing General Partner, and its
affiliates as provided under the Partnership agreement:
o Administrative costs payable to Atlas at $75 per well per
month. Administrative costs incurred for both the three and six
months ended June 30, 2003 and 2002 were $ 12,000 and $24,000
respectively.
o Monthly well supervision fees payable to Atlas at $275 per well
per month for operating and maintaining the wells. Well
supervision fees incurred for both the three and six months
ended June 30, 2003 and 2002 were $ 37,000 and $73,000
respectively..
o Transportation fees paid to Atlas of $.29 per mcf.
Transportation costs incurred for the three months ended June
30, 2003 and 2002 were $13,000 and $18,000 respectively, and
$28,000 and $39,000 for the six months ended June 30, 2003 and
2002 respectively.
o As managing general partner, Atlas performs all administrative
and management functions for the Partnership including billing
revenues and paying expenses. Accounts receivable - affiliate
on the balance sheet represents the net production revenues due
from Atlas.
NOTE 5 - HEDGING ACTIVITIES
The Partnership, through the Atlas' energy subsidiaries, enters into
natural gas futures and option contracts to hedge the Partnership's exposure
to changes in natural gas prices. At any point in time, such contracts may
include regulated New York Mercantile Exchange ("NYMEX") futures and options
contracts and non-regulated over-the-counter futures contracts with qualified
counterparties. NYMEX contracts are generally settled with offsetting
positions, but may be settled by the delivery of natural gas.
Atlas formally documents all relationships between hedging instruments and
the items being hedged, including the risk management objective and strategy
for undertaking the hedging transactions. This includes matching the natural
gas futures and options contracts to the hedged asset. Atlas assesses, both at
the inception of the hedge and on an ongoing basis, whether the derivatives
are highly effective in offsetting changes in fair value of hedged items. When
it is determined that a derivative is not highly effective as a hedge or it
has ceased to be a highly effective hedge, due to the loss of correlation
between changes in gas reference prices under a hedging instrument and actual
gas prices, the Partnership will discontinue hedge accounting for the
derivative and further changes in fair value for the derivative will be
recognized immediately into earnings. Gains or losses on these instruments are
accumulated in other comprehensive income (loss) to the extent that these
hedges are deemed to be highly effective as hedges, and are recognized in
earnings in the period in which the hedged item is recognized in earnings.
9
ATLAS-ENERGY FOR THE NINETIES - PUBLIC #8 LTD.
(A Pennsylvania Limited Partnership)
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
NOTE 5 - HEDGING ACTIVITIES (CONTINUED)
At June 30, 2003, the Partnership had a share in 67 open natural gas
futures contracts related to natural gas sales covering 11,100 dekatherm
("Dth") (net to the Partnership) maturing through September 2003 at a combined
average settlement price of $3.63 per Dth. The fair market value of these
contracts is $40,000 and they qualify and have been designated as cash flow
hedges, any gains or losses resulting from market price changes are deferred
and recognized as a component of sales revenues in the month the gas is sold,
unless the hedges are no longer "highly effective." Gains or losses on futures
contracts are determined as the difference between the contract price and a
reference price, generally prices on NYMEX. The Partnership's net unrealized
loss related to open NYMEX contracts was approximately $20,000 at June 30,
2003 and $52,700 at December 31, 2002. The unrealized losses have been
recorded as a liability in the Partnership's Balance Sheets and in Partner's
Capital as a component of Accumulated Other Comprehensive Loss. The
Partnership recognized a loss of $41,600 and $5,600 on settled contracts for
the six months ended June 30, 2003 and 2002 respectively. The Partnership
recognized no gains or losses during the six months ended June 30, 2003 for
hedge ineffectiveness or as a result of the discontinuance of cash flow
hedges. As of June 30, 2003, all of the deferred net losses on derivative
instruments included in accumulated other comprehensive loss are expected to
be reclassified to earnings during the next three months.
Although hedging provides the Partnership some protection against falling
prices, these activities could also reduce the potential benefits of price
increases, depending upon the instrument.
10
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS AND RESULTS OF OPERATIONS
(UNAUDITED)
Forward-Looking Statements
WHEN USED IN THIS FORM 10-QSB, THE WORDS "BELIEVES" "ANTICIPATES"
"EXPECTS" AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY FORWARD-LOOKING
STATEMENTS. SUCH STATEMENTS ARE SUBJECT TO CERTAIN RISKS AND UNCERTAINTIES
MORE PARTICULARLY DESCRIBED IN ITEM 1 OF OUR ANNUAL REPORT ON FORM 10-KSB.
THESE RISKS AND UNCERTAINTIES COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY.
READERS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE ON THESE FORWARD-LOOKING
STATEMENTS, WHICH SPEAK ONLY AS OF THE DATE HEREOF. WE UNDERTAKE NO OBLIGATION
TO PUBLICLY RELEASE THE RESULTS OF ANY REVISIONS TO FORWARD-LOOKING STATEMENTS
WHICH WE MAY MAKE TO REFLECT EVENTS OR CIRCUMSTANCES AFTER THE DATE OF THIS
FORM 10-QBS OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED EVENTS.
Management's Discussion and Analysis should be read in conjunction with
our Financial Statements and the notes to our Financial Statements.
Results of Operations
The following table, whose amounts are in thousands except sales prices and
production cost data, sets forth information relating to revenues recognized and
costs and expenses incurred, daily production volumes, average sales prices and
production cost per equivalent unit during the periods indicated:
Three Months Six Months
Ended Ended
June 30, June 30,
------------------ ------------------
2003 2002 2003 2002
------ ----- ------ -----
Production revenues:
Gas $ 437 $ 238 $ 731 $ 570
Oil 1 - 3 -
Production volumes:
Gas (thousands of cubic feet ("mcf")/day) 887 801 847 936
Oil (barrels ("bbls")/day) 1 - 1 -
Average sales prices:
Gas (per mcf) (1) $ 5.41 $3.26 $ 4.76 $3.37
Oil (per bbl) $26.78 $ - $30.53 $ -
Average production costs:
As a percent of sales 15% 30% 18% 27%
(per mcf equivalent unit) $ .80 $ .99 $ .87 $ .91
(1) Our average sales price before the effects of hedging was: $ 5.58 $3.29 $ 5.03 $3.38
11
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS AND RESULTS OF OPERATIONS
(UNAUDITED) - (Continued)
Results of Operations - (Continued)
Revenues. Our natural gas revenues were $437,000 and $731,000 for the
three and six months ended June 30, 2003, an increase of $199,000 (84%) and
161,000 (28%) from the three and six months ended June 30, 2002 respectively.
The increases were due to a greater average sales price we received for our
natural gas of 66% and 41% for the three and six months ended June 30, 2003 as
compared to the same periods from the prior year. Additionally our natural gas
volumes produced increased 11% for the quarter ended June 30, 2003, but
decreased 10% for the six months ended June 30, 2003. The $199,000 increase in
gas revenue for the three months ended June 30, 2003 as compared to the prior
year, same period consisted of $42,000 attributable to an increase in
production volumes and $157,000 due to an increase in natural gas sales price.
The $161,000 increase in natural gas revenue for the six months ended June 30,
2003 as compared to the prior year, same period consisted of a $237,000
increase attributable to an increases in natural gas sales prices, offset by a
$76,000 decrease due to lower production volumes. Our revenues from our
natural gas sales will be affected by changes in natural gas prices, which are
driven by market conditions. The overall decrease in gas production volumes
results primarily from the normal decline inherent in the life of a well.
Expenses. Production expenses were $64,400 and $72,400 in the three months
ended June 30, 2003 and 2002 and $134,000 and $154,300 for the six months
ended June 30, 2003 and 2002, respectively. This decrease is primarily due to
fewer charges for well parts, supplies and materials. These charges will
fluctuate period to period as work is performed by the Managing General
Partner to maximize potential production.
Depletion and depreciation of oil and gas properties as a percentage of
oil and gas revenues was 32% and 66% in the three months ended June 30, 2003
and 2002, and 38% and 65% for the six months ended June 30, 2003 and 2002,
respectively. This percentage change is directly attributable to higher
revenues and changes in our oil and gas reserve quantities, product prices and
reductions in the depletable cost basis of oil and gas properties.
General and administrative expenses for the three months ended June 30,
2003 and 2002 were $16,900 and $18,100, respectively. For the six months ended
June 30, 2003 and 2002 these charges were $33,200 and $37,800 respectively.
These expenses include legal and audit fees, as well as the monthly
administrative fee charged by the managing general partner. Administrative
fees will fluctuate month-to-month as they are only charged when a well is
producing.
Cumulative effect of change in accounting principle. During the quarter
ended March 31, 2003, as required, we adopted SFAS No. 143, "Accounting for
Asset Retirement Obligations" ("SFAS 143") which establishes requirements for
accounting for the removal costs associated with asset retirements. The
cumulative effect of change in accounting principle represents the
depreciation and depletion on the additional cost basis recognized for asset
retirements and the accretion of the discounted plugging liability from the
date the wells began operations through January 1, 2003.
Liquidity and Capital Resources. Cash provided by operating activities
increased $24,200 in the six months ended June 30, 2003 compared to the six
months ended June 30, 2002. The increase was primarily due to increases in the
price we receive for our natural gas.
No cash was either provided by or used for investing activities for the
six months ended June 30, 2003 and 2002. We had no new material commitments to
make capital expenditures during the periods and we do not expect any in the
foreseeable future, except that our managing general partner may withhold
funds for future plugging and abandonment costs. Any additional funds, if
required, will be obtained from production revenues or borrowings from our
managing general partner or its affiliates, which are not contractually
committed to make loans to us. The amount that may be borrowed may not at any
time exceed 5% of our total subscriptions, and no borrowings will be obtained
from third parties.
12
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS AND RESULTS OF OPERATIONS
(UNAUDITED) - (Continued)
Results of Operations - (Continued)
Cash used by financing activities decreased $54,200 during the six months
ended June 30, 2003 compared to the six months ended June 30, 2002. The
decrease is the result of lower distributions to partners.
Critical Accounting Policies
The discussion and analysis of our financial condition and results of
operations are based upon our financial statements, which have been prepared
in accordance with accounting principles generally accepted in the United
States of America. The preparation of these financial statements requires us
to make estimates and judgments that affect the reported amounts of our
assets, liabilities, revenues and cost and expenses, and related disclosure of
contingent assets and liabilities. On an on-going basis, we evaluate our
estimates, including those related to provision for possible losses, asset
retirement obligations and certain accrued liabilities. We base our estimates
on historical experience and on various other assumptions that we believe
reasonable under the circumstances, the results of which form the basis for
making judgments about the carrying values of assets and liabilities that are
not readily apparent from other sources. Actual results may differ from these
estimates under different assumptions or conditions.
For a detailed discussion on the application of policies critical to our
business operations and other accounting policies, see Note 2 of the "Notes to
Financial Statements" in our Annual Report on Form 10-KSB.
ITEM 3. CONTROLS AND PROCEDURES
Atlas' Chief Executive Officer and Chief Financial Officer have evaluated
our disclosure controls and procedures (as defined in Exchange Act Rules 13a-
14(c) and 15d-14(c) within 90 days prior to the filing date of this report.
Based upon this evaluation, these officers believe that our disclosure
controls and procedures are effective.
There were no significant changes in our internal controls or in other
factors that could significantly affect these controls subsequent to the date
of the last evaluation of our internal controls by our Chief Executive Officer
and Chief Financial Officer.
Exhibit 31.1, Certification of Freddie M. Kotek, Chief Executive Officer
of the Managing General Partner to Rule 13a-14(a)/15d-14(a) certifications,
filed herewith.
Exhibit 31.2, Certification of Nancy J. McGurk, Chief Financial Officer of
the Managing General Partner to Rule 13a-14(a)/15d-14(a) certifications, filed
herewith.
13
PART II. OTHER INFORMATION
ITEM 6. Exhibits and reports on Form 8-K
We have not filed any reports on Form 8-K during the last quarter of the
period covered by this report.
EXHIBIT INDEX
Description Location
----------- --------
4(a) Certificate of Limited Partnership for Atlas-Energy for the Nineties- Previously filed in the
Public #8 Ltd. Form 10-KSB for the period
ending December 31, 1999
4(b) Amended and Restated Certificate and Agreement of Limited Partnership Previously filed in the
for Atlas-Energy for the Nineties-Public #8 Ltd. Form 10-KSB for the period
ending December 31, 1999
10(a) Drilling and Operating Agreement with exhibits Previously filed in the
Form 10-KSB for the period
ending December 31, 1999
31.1 Certification pursuant to rule 13a-14(a)/15d-14(a) Certifications Page 16
31.2 Certification pursuant to rule 13a-14(a)/15d-14(a) Certifications Page 17
99.1 Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant Page 18
to Section 906 of the Sarbanes-Oxley Act of 2002
99.2 Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant Page 19
to Section 906 of the Sarbanes-Oxley Act of 2002
14
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Atlas-Energy for the Nineties-Public #8 Ltd.
By: (Signature and Title): Atlas Resources, Inc., Managing General
Partner
By (Signature and Title): /s/ Freddie M. Kotek
----------------------------------------------
Freddie M. Kotek, Chairman of the Board of
Directors, Chief Executive Officer and
President
Date: August 14, 2003
In accordance with the Exchange Act, this report has been signed by the
following persons on behalf of the registrant and in the capacities and on the
dates indicated.
By (Signature and Title): /s/ Freddie M. Kotek
----------------------------------------------
Freddie M. Kotek, Chairman of the Board of
Directors, Chief Executive Officer and
President
Date: August 14, 2003
By (Signature and Title): /s/ Nancy J. McGurk
----------------------------------------------
Nancy J. McGurk, Senior Vice-President, Chief
Financial Officer and Chief Accounting
Officer
Date: August 14, 2003
15