Unbridled Energy Corp

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Calgary, Alberta, Canada-based Unbridled Energy Corp. (TSX VENTURE: UNE)(OTCBB: UNEFF) set up an office in Sewickley, Pennsylvania near Pittsburgh and spent $500,000 leasing land in Tioga County, Pennsylvania.

The company announced in December, 2008 that it was abandoning its Marcellus shale initiative along with its 8,000 acre leasehold because of economic conditions. It plans to focus instead on developing leases held in New York State.

It was reported in March, 2009 that Unbridled was drilling a 7,700 ft basement well to perform a stratigraphic test on their leasehold located near Chautauqua Lake in western New York. It is being drilled in cooperation with the New York State Energy Research and Development Authority's (NYSERDA) research project on testing deep horizons in Western New York. The company provided a May, 2009 update in which it announced it had successfully drilling this test well to a depth of 7,300 ft. The company was in the process of evaluating the core and logs.

The well is over a deep structure that was identified with 2-D seismic testing. Unbridled will be evaluating core samples taken from Cambrian Potsdam and Theresa sandstones, Utica shale, and Trenton-Black River as well as determining porosity and permeability of these formations through analysis of a suite of logs.

The company will also be evaluating a Devonian shale, 250 feet thick, found in an old worn-out Medina well. In the event of success, the company owns 67 similar old wells. Many of those that can be drilled horizontally can be recompleted.

In the aforementioned May, 2009 update, the company announced that it had re-entered the Marcellus shale play through leasing 30,000 acres in northeast Pennsylvania. Unbridled is looking for a joint venture partner to help it develop the Marcellus acreage.

• Joseph H. Frantz, Jr is Unbridled's President and CEO.
• Brad Holmes is its Investor Relations Consultant.