Archive for the ‘Unbridled Energy Corporation TSX-UNE’ Category

Unbridled Energy Corp. (UNEFF.OB) Reports Substantial Increase in Revenue; Expenses Decrease 10%

Friday, April 24th, 2009

Unbridled Energy Corporation today announced its financial results for the year ended December 31, 2008. Revenue for the year increased an astounding 1,500% to $793,555 when compared to the eight month period ending December 31, 2007. Total expenses for 2008 totaled $4,819,597, which was an approximate 10% decrease when compared to the eight month period ending December 31, 2007.

During the year, Unbridled Energy Corporation drilled and completed 6 new wells on its Chautauqua Lake acreage in western New York; completed the sale of its 50% interest in a joint venture relating to petroleum and natural gas rights on the Tsuu T’ina First Nation Reserve; spudded a deep stratigraphic test well on its Chautauqua Lake property; and successfully conducted a large acid stimulation in the Elkton formation in its previously drilled 16-21 well in the Chambers play.

Joseph Frantz Jr., President and CEO of Unbridled Energy commented; “The Company made significant progress in 2008 and the first few months of 2009. Despite tumultuous times, we have remained focused on our business and growth strategy. The new wells on our Chautauqua Lake acreage have significantly increased our revenue stream and allowed us to pursue several projects that are important to Unbridled Energy.”

Mr. Frantz continued; “We previously announced four projects that Unbridled intends to complete in the first half of 2009; one of which was to conduct the acid stimulation in the Elkton formation on the 16-21 well in Canada, the results of which certainly met our expectations. Another project is the basement test on Chautauqua Lake acreage. This well is currently being drilled and we anticipate results within the next couple of weeks. Additionally, we intend to test two shale formations; the 2nd White Specs in Alberta and the Rhinestreet in New York. We expect to commence operations on have these projects sometime during the third quarter. These shale plays have the potential to add significant new reserves to the Company.”

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StockGuru Trade Alert: Guru Profile Extreme Fitness (EXTF) Closes Up Over 36% Thursday

Thursday, November 29th, 2007

StockGuru Trade Alert: Guru Profile Extreme Fitness (EXTF) Closes Up Over 36% ThursdayDisclosure: Pentony Enterprises LLC was compensated $46,000 by a non-controlling third party for profile coverage. Pentony Enterprises LLC is not a registered investment advisers or broker/dealers. Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person or that an investment such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk.

Unbridled Energy Corp. (TSX-UNE) Share Prices Escalate 14.29% Tuesday Morning

Tuesday, October 16th, 2007

Investors responded positively to the company’s decision to retain a European Investor Relations Consultant. Unbridled Energy announced that the Investor Relations will assist with initiating communication with European institutional investors and with its efforts to strategize, formulate and implement a European investor communications program.

The company’s strong performance has been consistantly reflected in its stock price. UNE.V has been in an uptrend since the beginning of last month when it formed a base at $0.28. Today it is trading at $0.52, which is an 85.7% increase above the previously traded price.

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Unbridled Energy Corp. (TSX-UNE) Retains European Investor Relations Consultant

Monday, October 15th, 2007

Unbridled Energy Corp. is pleased to announce this morning that it has engaged the services of European Investor Relations SA to offer investor relations services in Europe. The European IR will assist the company in its communication with European institutional investors; in addition to strategizing, formulating, and implementing a European investor communications program.

European Investor Relations SA will be paid $7,500 per month for the first 12 months of the three-year agreement, and $250 a day for each working business day thereafter. The Relations firm will also be granted 150,000 stock options, which are exercisable at a price of $0.50 per share for a period of up to three years. The options will expire 30 days after the termination of the consulting agreement.

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Unbridled Energy Corp. (TSX-UNE) Provides Update Regarding Canadian Operations and Appalachian Basin

Thursday, October 4th, 2007

Unbridled Energy provided an update on its Option Well, located at 16-21-41-11 W5M (“16-21″) in the gas and condensate Chambers/Ferrier area, northwest of Calgary. Openhole logging was performed, a production liner run, and cemented. The company experienced a considerable cost savings by drilling the well in shorter than expected time.

The 16-21 option well encountered many gas shows and formations in the basin-centered gas resource play. The Company and its joint venture partner plan to conduct completion operations and testing early next month.

Unbridled Energy is also in negotiations with an Appalachian Basin operator to partner on drilling multiple test wells before the end of December. It has been premeditated that Unbridled will be the designated operator and jointly design the drilling, completion and testing program in the Devonian shale.

Additionally, the company announced that it has signed a Letter of Intent with another operator in the area to purchase existing wells, acreage and pipeline access to sell gas. One of the existing wells on these lands is considered a re-entry candidate for the first horizontal well.

Unbridled Energy is in negotiations with several operators on joint venture opportunities in the Appalachian Basin to drill horizontal and infill wells. Two operators have expressed strong interest to team with Unbridled. The Company announced that it will keep shareholders updated as discussions progress.

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Unbridled Energy Corp. (TSX-UNE) Share Prices Close up 17.02%

Friday, September 28th, 2007

Unbridled Energy’s stock continued to outperform the Oil & Gas industry by closing at its high-of-day at $0.55, with volume totaling over 550,000 traded shares. The stock has been on a solid uptrend since the beginning of this month.

Recently the company provided a drilling update on its Option Well located at 16-21-41-11 W5M in the gas and condensate Chambers/Ferrier area. The well was spudded a month ago by Unbridled and its partner. The company specifically mentioned that the drilling costs were within budget, and that the well reached its intended depth of 3,290 metres.

As announced previously, the Company holds an average 35% working interest in 16 sections with an option on an additional six sections in the Chambers/Ferrier area. Unbridled Energy holds a 58.5% working interest in the 16-21 Option Well, and is now able to earn an interest in an additional three sections of land and an option to earn the remaining three sections with a second Option Well.

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Unbridled Energy Corp. (TSX-UNE) Provides Investors with Update Regarding its Canadian Operations

Friday, September 21st, 2007

 

Unbridled Energy provided a drilling update on its Option Well located in the gas and condensate Chambers/Ferrier area. The well was spudded near the end of last month by Unbridled and its partner, and yesterday the 16-32 Well reached its objective depth of 3,290 metres and will now begin openhole logging.

The company holds an average 35% working interest in over 10,000 acres with an option to acquire an 3,840 additional acres in the Chambers/Ferrier area. Unbridled holds a 58.5% working interest in the 16-21 Option Well and will now earn an interest in 1,920 additional acres of land plus an option to earn the remaining three sections with a second Option Well.

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Unbridled Energy Corp. (TSX-UNE) Share Prices Increase 12.94% as the Company Announces Change in Directors

Wednesday, September 19th, 2007

Unbridled Energy announced that its shareholders approved all routine business matters submitted for review at the Annual General Meeting held in Vancouver, and approved the continuance of the company’s Share Option Plan.

Dr. Bob Mummery, Daniel O’Byrne, Craig Steinke, Joseph H. Frantz Jr. and Robert Penner were all re-elected to the Board of Directors, and Richard Day was elected as an additional director. Mr. Day holds several leadership positions and is a partner of Hiscock & Barclay.

At the directors’ meeting, which followed the shareholders’ meeting, the directors appointed Joseph Frantz, Jr. as President & Chief Executive Officer, Craig Steinke as Chairman, Carmen Etchart as Secretary, J. Michael Scureman as Chief Financial Officer, Robert Pryde as Vice-President of Exploration and Michael O’Byrne as Vice-President of Land.

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Unbridled Energy Corp. (TSK-UNE) Provides Investors with Drilling Update

Thursday, September 13th, 2007

Unbridled Energy announced a drilling update on its Option Well, which spud on the 26th of last month. On Tuesday, the 16-21 well reached intermediate casing point at a depth of 2,880.7 meters with logging and intermediate casing operations currently being conducted. After the operations are completed, drilling will continue to an expected total depth of nearly 3,300 meters. The company also reported that the drilling costs are in line with the targeted budget.

Unbridled holds an average of 35% working interest in 10,240 acres with an option on an additional 3,840 acres in the Chambers/Ferrier area. The Company holds a 58.5% working interest in the 16-21 Option Well, currently being drilled, and will earn an interest in three sections of land with a further option to earn the remaining three sections with a second Option Well.

Additionally, the Company has run tubing into its 3-17-41-11 (“3-17″) well in preparation for production. The well was flow tested for a short period and is anticipated to produce at rates announced previously. The 3-17 is now ready to be connected to the existing pipeline infrastructure and should be completed by November 2007 to begin production. Next, tie-in operations of the 7-18-41-11 W5M well will begin.

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Unbridled Energy Corp (UNE.V) Announces Update on Chambers Prospect

Thursday, September 6th, 2007

Unbridled Energy Corporation announced today that it spudded its first Option Well on its Chambers prospect on August 26, 2007. The well is licensed to the Shunda formation at 3300m and is being drilled by Unbridled (58.5%) and its partner (41.5%). The Option Well, now drilling ahead at below 2000m, is designed to test several identified, locally producing horizons and should reach total depth in approximately 40 days from spud date. As previously announced, the Company has farmed-in on one of its partners to increase its interest in the Chambers prospect and has also taken over as Operator of the project.

President & CEO, Joe Frantz, said, “The Chambers area contains significant potential to quickly grow cash flow and reserves. There are a limited number of plays today where you can drill wells with the potential to produce between 10 and 20 Bscf, as observed in wells just to the east of Chambers. Chambers contains the opportunity to encounter numerous productive intervals in different facies including sands, shales, and carbonates. In fact, the shale in our area appears to contain good gas in place and is a completion target for future horizontal wells. Based on 3D seismic interpretations, the 16-21 well should encounter numerous pay targets, which will hopefully translate into a very economic well. This well will also prove up additional portions of the Chambers area.”

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Unbridled Energy Corp. (TSK-UNE) Shares Steadily Increase 15% from Yesterday’s Closing Price

Friday, August 17th, 2007

Unbridled Energy’s stock is experiencing a very nice day after bouncing from yesterday’s low of $0.3. Since today’s opening bell, the stock has increased from $0.40 to the day’s high at $0.46.

The company recently updated its investors regarding its latest developments. It is currently pursuing the acquisition of additional land surrounding its Chautauqua Lake Property. The acquisition includes deep rights below Unbridled Energy’s existing property.

Unbridled is also excited about expanding its position in the U.S. and is actively working to finalize partnership agreement with another well known and respected operator to drill and test the Devonian shales in Ohio. The company’s plans include testing the shales with horizontal and vertical wells.

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Unbridled Energy Corp. (TSK-UNE) Updates Investors Regarding the Company’s Latest Developments

Wednesday, August 8th, 2007

Unbridled Energy signed a Letter of Intent with a local operator to purchase additional acreage around its Chautauqua Lake Property. The purchase includes a working interest in 24 wells and over 12 miles of 2D seismic data across the property. The company plans to drill additional Bass Island wells and further develop the remaining potential in existing wells.

The acquisition also includes the deep rights below the Medina/Whirlpool formations under Unbridled’s existing 13,280 acres and 960 acres of mineral rights. The company believes that the deep rights will offer even more potential in new tight gas sands and shales under the acreage; accompanying seismic data will help evaluate the potential.

The company also announced that workovers are now completed on all 11 Medina/Whirpool gas wells on the property and went smoothly with minimal expenses. One of the Bass Island oil/gas wells has been placed back into production and an additional well will be equipped with a conventional rod and beam pumping unit and placed into production in the next 60 days.

The company is in late-stage discussions with an operator to partner on drilling multiple test wells on Unbridled’s 23,000 acres. Under current conditions, Unbridled will be the designated operator and will jointly design the drilling, completion, and testing program in the Devonian shales with its new partner. A Letter of Intent is expected to be signed shortly.

Unbridled is also in negotiations with several operators on joint venture opportunities in the Appalachian Basin area for drilling horizontal and infill wells. Two of the operators showed their deep interest in teaming up with Unbridled to utilize their technical expertise. The Company stated that it will keep shareholders updated as discussions progress.

President & CEO, Joe Frantz, commented, “In the U.S., we are excited about expanding our position in New York and Ohio. We are close to completing a partnership agreement with another well known and respected operator to drill and test the Devonian shales in Ohio. AFE’s are being developed to drill the new wells in New York and Ohio and rigs will be available. Overall, we are executing our plan to exploit the reserves in New York and test the shale in Ohio with horizontal and vertical wells. South of our Ohio position, in West Virginia, Cabot has recently announced some excellent production results from horizontal shale wells. We look forward to similar success on our acreage. We also have the Clinton sandstone under portions of our acreage to exploit. In our Tri-State play, we are encouraged with JV opportunity negotiations. It takes time to negotiate the details of these deals, but we look forward to executing a significant transaction by early Q4 2007, with drilling to begin by year-end or early Q1 2008.”

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Unbridled Energy Corp. (TSK-UNE) To Appear on Exclusive Live Interview with MN1

Tuesday, August 7th, 2007

The President and CEO of Unbridled Energy, Joseph H. Frantz, will be featured on MN1.com tomorrow afternoon at 2:30 PM EST. MN1’s interviews are known to ask inquisitive questions to give investors deeper insight into the companies they interview.

Unbridled Energy is a natural gas evaluation and production company that specializes in both shale gas and tight gas sand opportunities that exist within the United States. The company’s two main areas of concentration consist of the eastern U.S Appalachian Basin and the Western Canadian Sedimentary Basin. Unbridled Energy is focusing on developing a lower risk production strategy on existing wells in these areas, in addition to improving drilling and fracing technologies that already exist.

The management expects its 16-21 well to encounter many gas-bearing targets, including tight gas sands and a shale target of interest. The Elkton formation at approximately 10,000 feet is in particular interest to the company as it is the most prolific.

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Stock Profiler Features Unbridled Energy (TSX-UNE) as a “Hot Stock to Watch”

Wednesday, July 25th, 2007

Unbridled Energy is an independent natural gas evaluation and production company which specializes in shale gas and tight gas sands opportunities in two main basins located in North America. The company applies a low risk strategy by using the latest horizontal drilling and fracing technologies on new wells in well-known gas and tight gas sands formations.

In a recent press release, the company provided an update on its Canadian operations. In the update the company stated that it is finalizing its land strategy on three internally-generated shale gas plays and will move on the resource plays after negotiations with third parties are completed.

Unbridled Energy holds an average 35% working interest in over 10,000 acres in 16 different sections with the option to acquire an additional 3,840 acres in the Chambers area of Alberta. Recently, Unbridled took over as operator of the Chambers and plans to tie in two wells this year.

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Unbridled Energy Corp. (TSX-UNE) Provides Investors with Operational Update

Tuesday, July 24th, 2007

Unbridled Energy announced that it is finalizing its land strategy on three internally-generated shale gas plays located in western Canada. The company is expected to be well-positioned to move on these plays after completing negotiations with third parties.

The company holds an averaged 35% working interest in over 10,000 acres with the option to acquire an additional 3,840 acres in the Chambers area of Alberta. Recently, Unbridled has taken over as operator of the Chambers play and plans to tie in two wells this year. The above-average rainfall has delayed the company’s operations, but construction has now begun to build a road and lay a pipeline.

Once the drilling of the 16-21 well is completed, Unbridled Energy will earn 3 of the 6 option sections, increasing its acreage position to more than twice what it is now. A drilling rig has been secured and the drilling is expected to take place next month.

The management expects the well to encounter many gas-bearing targets, including tight gas sands and a shale target of interest. The Elkton formation at approximately 10,000 feet is in particular interest to the company as it is the most prolific.

The company has begun operations to tie in two existing gas wells. The 3-17 has been tested at over 3 mmcfe/d (million cubic feet equivalent per day), and the 6-18 has the potential of producing over 450,000 cfe/d. The new pipeline is scheduled to be completed in the third quarter of this year.

President & CEO, Joe Frantz stated, “It is particularly motivating to be evaluating three new, large scale shale gas reservoirs and farm-in opportunities in Canada. The industry continues to be increasingly focused on these plays. At Chambers, we are finally progressing nicely on our field work. The rainy spring turned into a rainy summer, which slowed us down slightly. However, crews are now building a road to our new 16-21 well location. The new road will also be used to access a future earning well to increase our overall acreage position to 14,080 ac. Crews will soon start laying the pipeline into the 3-17 well and the pipeline to the 6-18 will follow within 2 months“.

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Unbridled Energy Corp (TSX-UNE) to be Featured as QualityStock Client

Tuesday, July 24th, 2007

Unbridled Energy Corporation has formally entered into an agreement with QualityStocks.net. This agreement will entitle Unbridled Energy Crop to be featured daily in the QualityStocks Small cap newsletter, daily Internet broadcast with Cathy Rankin and Vanessa Ramirex, the QualityStocks Daily Blogs & message boards.

Unbridled Energy is a natural gas evaluation and production company that specializes in both shale gas and tight gas sand opportunities that exist within the United States. The companies two main areas of concentration consist of the eastern U.S Appalachian Basin and the Western Canadian Sedimentary Basin. The company is focusing on developing a lower risk production strategy on existing wells in these areas, in addition to improving drilling and fracing technologies that already exist.

The CEO of Unbridled Energy stated “Unbridled Energy has a unique and solid business foundation, and appreciates the opportunity to sponsor the Quality Stocks Newsletter, Video and Blogs. QualityStocks is providing a much needed service in the micro-cap and small cap markets.”

Michael McCarthy, Director of Business Development for QualityStocks.net, commented, “We are very excited to have Unbridled Energy as a featured company. Unbridled Energy is quickly establishing itself as a category leader.”

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Unbridled Energy Corp. (TSX-UNE) Featured in Exclusive Interview at SmallCapVoice

Tuesday, July 24th, 2007

SmallCapVoice.com announced the launch of a new interview with Joseph H. Frantz, CEO and President of Unbridled Energy Corporation. It is available to the public at SmallCapVoice’s website.

Mr. Frantz stated, “We are very pleased to share our Company’s story with the listeners of SmallCapVoice.com. We look forward to continue to share our progress with our shareholders and the investment community at large.”

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Unbridled Energy Corp. (TSX-UNE) has a Premier Management Team in Place

Thursday, July 19th, 2007

Unbridled Energy’s management applies a low risk production enhancement strategy by using the latest horizontal drilling and fracing technologies on well known shale gas and TGS formations in the Appalachian Basin.

The President and CEO, Joseph Frantz, Jr., is a shale gas and tight gas sand specialist who has over 18 years of experience in project management, exploratory and development evaluations, production data analysis, reservoir stimulation, reserve studies, hydraulic fracturing and multi stage horizontal well evaluations, and gas storage projects.

The company’s chief engineer, Michael Hogan, has a background in the E&P and midstream oil and gas industry. His technical experience ranges from managing successful drilling and well completion projects to acquisitions, divestitures and financial responsibility for companies valued hundreds of millions.

The Vice President of Exploration, Robert Pryde, joined Unbridled after serving at EnCana Corporation as a Geological Advisor emphasizing on shale gas opportunities in Western Canada. Before working for EnCana, he was an exploration manager at Tom Brown Resources. His experience includes the role of Group Leader/Senior Exploration Geologist at the former Alberta Energy Company and has also held positions as Senior Exploration Geologist for Norcen Energy Ltd. and Gulf Canada Resources Ltd.

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Nickle’s Daily Oil Bulletin States Unbridled Energy Corp. (TSX-UNE) Property’s Deepest Horizons are “Virtually Unexplored”

Wednesday, July 18th, 2007

In one of last week’s daily bulletins, Nickle’s Energy Group discussed the Western Canadian Sedimentary Basin, where one of Unbridled Energy’s projects is located. Many of the previous wells drilled in the past have taken place at depths shallower than 6,000, which offers great opportunity for further exploration.

The growing demand for natural gas is forcing the industry to develop new sources of supply, and the latest technology has enabled Unbridled Energy to drill further into the earth and tap into new reserves.

In an earlier press release the President & CEO, Joe Frantz, stated, “In Canada, our opportunities continue to grow. We are now in control of tying in our existing two wells and drilling on our third well in the Chambers area, scheduled for this summer. These are all critical steps in achieving our projected production and revenue.”

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Unbridled Energy Corp. (TSX-UNE) Updates Shareholders Regarding Chautauqua Lake Properties

Wednesday, July 18th, 2007

In the second quarter of this year, Unbridled Energy acquired a 50% working interest in 13,280 gross acres located within the state of New York. The property was purchased to develop proven, and possibly under-developed, reserves in tight gas sand and shale reservoirs.

The company has completed 9 out of 11 initial workover programs and will announce a production update after all the wells are in line for a few months. The remaining workovers are expected to begin within the next two weeks.

Schlumberger Data & Consulting Services (“Schlumberger”), an independent qualified reserve estimator, estimates that the reserves hold over 31 billion cubic feet net to the Company of P3 (proven probable possible) reserves.

Unbridled Energy is currently in discussions to acquire additional interests in the Chautauqua Lake area. The President and CEO, Joe Frantz, stated, “The Chautauqua Lake area provides us a good foundation to grow reserves during the next few years in New York. There are many reservoirs to exploit with good upside potential. The location to market is excellent, as is the preferentially higher basis differential we obtain on gas prices. It is a vital area in our strategy to exploit various shale and tight gas reservoirs across the Appalachian Basin.”

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Unbridled Energy is One to Watch (TSX-UNE)

Monday, July 16th, 2007

Unbridled Energy is an independent natural gas evaluation and production company specializing in shale gas and tight gas sands (“TGS”) opportunities in two main basins within North America; the eastern US Appalachian Basin and the Western Canadian Sedimentary Basin. The Company is applying a lower risk production enhancement strategy on existing wells, and the latest horizontal drilling and fracing technologies on new wells in well known shale gas and TGS formations in the Appalachian Basin. Importantly, management is also employing a “first mover” approach to large scale shale gas and TGS resource opportunities in the 580,000 square mile Western Canadian Sedimentary Basin. The Company has offices in Pittsburgh, Pennsylvania and Calgary, Alberta.

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