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 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.

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