Theoretical results for the thermodynamic properties of the extended f
ive-site primitive model of water, based on the thermodynamic perturba
tion theory of Wertheim, are presented and compared with simulation da
ta. The theory performs well for both the internal energy and the pres
sure for models with a short range of hydrogen bonding but its accurac
y rapidly deteriorates as this range reaches large realistic values. I
t is shown that the crucial point of the theory is the description of
the structure of the fluid of so-called pseudohard bodies which plays
the role of a reference system. The available theoretical description
of the structure of such a fluid deteriorates with increasing non-sphe
ricity and, consequently, the same holds for the perturbation theory.