NCD3 Kastelic wells..

APRIL 24TH EQT CONFERENCE CALL......

Per EQT conference call.... by SEEKING ALPHA site..

DOBECK WELLS to be on hold till results are in for Kastelic 3 wells...

" QUOTE"

Steven T. Schlotterbeck - Executive Vice President and President of Exploration & Production

Yes, it's great. Actually, I think we drilled 8 wells and 3 are online. The results are certainly not where we'd like them to be and not competitive with our other investments. So if we can't make improvements, it's not a play we put any more capital into. However, based on those results and the data we collected during those completions, we saw some very specific things that we want to address in the next stage, which will be 3 wells, and we're currently implementing right now. So we're going to finish frac-ing those wells, get them online midyear, get some results back, gather some more data. Based on that, we have 2 more wells that have been drilled that we will likely modify the completion design again. Frac those, get the results. That will be late in the year. And then based on all that of data, we'll start to make some decisions about do we move forward in this play, or do we not move forward? and we'll update you at that time on what we think. That's a year from now, probably.

Operator