Question-and-Answer Session
Thank you. [Operator Instructions] And your first question comes from the line of [inaudible] Round Rock Capital. Please proceed.
Unidentified Analyst
Good morning everyone.
David Hugley - President and General Counsel, Secretary
Good morning.
Unidentified Analyst
A couple of questions for you. I wanted to get some clarity on the resource potential from Netherland and Sewell that does not include Marcellus potential is that correct?
Matthew D. Cabell - President, Seneca Resources Corporation
Correct.
Unidentified Analyst
Okay. Now I am interested? we have seen some pretty good industry well results, Range [ph] put out some pretty good numbers on their resource potential. I think last week Equitable put out some big numbers as well. I am just curious when we might expect a similar disclosure from you guys and I guess a follow up to that is what are we waiting on here?
Matthew D. Cabell - President, Seneca Resources Corporation
We are waiting on more well results before we are in a position to make any kind of resource potential projections. Range has got several wells producing, they are in a different positions than we are.
Unidentified Analyst
Okay. All right, is there a timeframe that you hope to have some of this information available to disclose to investors?
Matthew D. Cabell - President, Seneca Resources Corporation
You mean a timeframe for when we plan to disclose a resource potential?
Unidentified Analyst
Yes.
Matthew D. Cabell - President, Seneca Resources Corporation
No. No, there isn't any planned timeframe for that. I think I would tend to focus more on our drilling results and our timing of that. Obviously the more wells we get drilled and particularly if those wells are successful and generate a development program for us, the sooner we will be able to talk about what the potential might be.
David Hugley - President and General Counsel, Secretary
Yes, in '08 I think with respect to Range, my recollection of that is, it was like their '07 based ninth and tenth well. So they were a little bit head of us in terms of the drilling in the Marcellus but...
Unidentified Analyst
In terms of Equitable, I think they've only got what, one well down ? I don't even know that they fraced that well yet.
David Hugley - President and General Counsel, Secretary
Yes. I think Equitable takes a different approach with regard to prospective resource than we do. I think we tend to be more conservative that way.
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