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Hey Buck, ya never Know. we'll watch it day by day.
the new your office that are basically paying for the testing results is very nice for this company. If the find what their looking for this stock could explode. have a small position now at .11. Once again I purchase and the share price drops. LOL. Nice news today and this appears to be a company looking for positive things. Hope they dont dilute too much though. Glta on this one.
Keep your fingers crossed for postive results this coming week.
Just recieved today=news@thebullreport.com=From the Desk of Tim Fields, Editor, Untapped Wealth- says STRONG BUY =Current PPS as of posting=.1335
Unbridled Energy Provides Update on USA Operations and Corporate Activities
August 20, 2008: 08:30 AM EST
Unbridled Energy Corporation (TSX VENTURE: UNE)(OTCBB: UNEFF)(FRANKFURT: O4U) ("Unbridled Energy" or the "Company") provides an update on its operations and corporate activities.
Chautauqua Lake Properties, Chautauqua County, New York
Unbridled Energy and its other joint venture participants have now turned all six recently drilled and completed Medina wells into the sales line. Each of the wells is producing at expected flow rates with good pressure. The Company is pleased with the initial success from the new wells and plans to continue drilling in its acreage starting in late Q3 or early Q4 2008, depending on rig availability and time needed to obtain the necessary permits. Depending on the longer-term success from the new wells, the Company has sufficient acreage to permit it to drill several hundred new Medina wells based upon reduced spacing requirements. The Company is examining the potential gains from using horizontal wells and may drill a test well some time in the future.
Unbridled Energy has also concluded a four well recompletion program. These four wells were originally completed in only one productive zone within the Medina formation. Since acquiring these properties, Unbridled Energy, the operator, has identified additional uphole zones in the Medina which are now being stimulated. Early production rates on these recompletions are encouraging. There are several additional candidates for recompletion, including some of the 22 wells that were included in a recently formed joint venture opportunity to exploit the Company's acreage. Counting the existing wells and through the joint venture, the Company will own a working interest in 89 wells in Chautauqua County, New York.
Further, the Company continues to move forward with its plan to test a shale formation in an existing well. This regional shale exists throughout Unbridled Energy's acreage and is estimated by Company management to contain up to 39 Bscf/section of gas in place, based on core and log analysis. If economic production can be achieved from the shale in existing vertical wells, a horizontal well drilling program will then be initiated. The incremental net reserves which may ultimately be achieved from the shale ranges from 35 to 70 Bscf to the Company's interests using industry standard recovery factors of 10% to 20% of the gas in place.
Marcellus Shale Play, Pennsylvania
The Company has come to general terms on a joint venture opportunity in the Marcellus Shale to drill horizontal wells. The gross acreage in the joint venture is approximately 8,000 acres. Unbridled will drill to earn a 50 percent working interest; and will have the opportunity to drill several hundred wells if the initial results from the play are successful. Based on industry publications in Pennsylvania, the Marcellus Shale contains recoverable reserves in economic wells in the range of .5 to greater than 3 Bscf/well, depending if vertical or horizontal wells are drilled. The first wells in the joint venture are expected to be spudded by Q1 2009. The Company will provide additional details on this joint venture as operations progress.
Unconventional Oil Play in Appalachia
Capitalizing on current oil prices, the Company has signed a Memorandum of Understanding to enter into a joint venture and drill test wells into a tight oil formation. Older wells drilled through the formation of interest indicated good oil shows, but were not completed as the zone did not produce significant quantities of oil naturally. The formation is shallow, thus drilling and completion costs are expected to be fairly low. The potential oil in place is estimated by Company management to range between 9 and 18 million bbls. Between 20 and 80 wells could be drilled on the joint venture lands if the play is successful. The estimated recovery factor is 5% to 15% of the oil in place, thus yielding potential net reserves of 200,000 bbls to 1.2 million bbls. The Company plans to drill vertical wells initially, to be followed by horizontal wells if the play is economic. Drilling is expected to begin during Q4 2008 and Q1 2009. In addition, there are numerous other deeper gas-bearing formations on the acreage, including the Marcellus Shale. A program will be developed to exploit these formations in early 2009. The Company will provide additional details on this project as operations progress.
Ohio River Play, Ohio
Unbridled Energy and its co-joint venturer, Equitable Production Company, a unit of Equitable Resources, Inc., together have successfully drilled the three planned horizontal test wells in the Lower Huron Formation of the Devonian Shales in south central, Ohio. These wells were drilled to a vertical depth of approximately 1,800 feet with a 2,500 ft. lateral. The three wells were stimulated using either seven or eight hydraulic fracture treatments and are now under a formal flow test.
Q2 2008 Financials
The Company has filed its second quarter financials for 2008 on the Canadian SEDAR system and can be found at www.sedar.com.
Management Comments
Joe Frantz, President & CEO of Unbridled Energy, said; "We are especially pleased with the production results from our initial round of drilling and recompletions in New York. These results have exceeded expectations largely due to our new completion and stimulation design. We are also increasing our potential to add cost effective reserves by signing an agreement to earn an interest in 22 wells amongst our existing wells, plus acquiring additional acreage, and deep rights. We are also eager to test a new shale formation in our acreage. As with almost every shale formation, the gas in place is large. It is now our challenge to determine an economic method to produce it. Separately, the new unconventional oil play we are now pursuing may be a hidden jewel, where we and our partner can take advantage of what appears to be a significant volume of oil in place."
Forward-looking Statements
This press release contains certain "forward-looking statements", as defined in the United States Private Securities Litigation Reform Act of 1995, and within the meaning of Canadian securities legislation, relating to contemplated and proposed petroleum and natural gas land acquisitions and related agreements, additional exploration permitting, future drilling programs, exploration plans and proposed wells, ongoing evaluation of certain exploration results, and production rates, and sales.
Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "prospective", and similar expressions, or that events or conditions "will", "would", "may", "can", "could" or "should" occur. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include: the possibility that ongoing negotiations will not result in definitive agreements, the volatility of natural gas and oil prices, the possibility that exploration efforts will not yield economically recoverable quantities of gas or oil, accidents and other risks associated with gas exploration and development operations, the risk that the Company will encounter unanticipated geological factors, the need of the Company and its co-joint venturers for and ability to obtain additional financing to fund continued operations, the possibility that the Company may not be able to secure permitting and other governmental clearances necessary to carry out the Company's exploration and development plans, and the other risk factors discussed in greater detail in the Company's various filings on SEDAR (www.sedar.com) with Canadian securities regulators, including the Company's annual MD&A dated April 28, 2008, and its filings with the U.S. Securities and Exchange Commission, including the Company's most recent Form 20-F.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Contacts:
Unbridled Energy Corporation
Brad Holmes
Investor Relations Consultant
1-800-940-6781
Website: www.unbridledenergy.com
http://money.cnn.com/news/newsfeeds/articles/marketwire/0426799.htm
Hey Rotter what do you know about shale gas and oil. I am very new to this.
I have recently become intersted in Shals gas. If there is an expet on this board, can you please comment on UNE. Seems like huge upside potential.
UNE.V Share Prices Escalate 14.29% Tuesday Morning
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.
Unbridled Energy Corp. (TSX-UNE) Retains European Investor Relations Consultant
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.
TSX-UNE Provides Update Regarding Canadian Operations and Appalachian Basin
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.
Unbridled Energy Corp. (TSX-UNE) Share Prices Close up 17.02%
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.
Unbridled Energy Corp. (TSX-UNE) Provides Investors with Update Regarding its Canadian Operations
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.
Unbridled Energy Corp. (TSX-UNE) Share Prices Increase 12.94% as the Company Announces Change in Directors
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.
Unbridled Energy Corp. (TSK-UNE) Provides Investors with Drilling Update
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.
Stock Profiler Features Unbridled Energy (TSX-UNE; UNEFF.PK) as a “Hot Stock to Watch”
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.
"Please see the disclaimers on the QualityStocks.net website."
Unbridled Energy Corp. (TSX-UNE; UNEFF.PK) Provides Investors with Operational Update
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“.
"Please see the disclaimers on the QualityStocks.net website."
Unbridled Energy Corp (UNEFF.PK) to be Featured as QualityStock Client
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.”
"Please see the disclaimers on the QualityStocks.net website
Unbridled Energy Corp. (TSX-UNE; UNEFF.PK) Featured in Exclusive Interview at SmallCapVoice
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.”
"Please see the disclaimers on the QualityStocks.net website."
Unbridled Energy Corp. (TSX-UNE; UNEFF.PK) has a Premier Management Team in Place
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.
"Please see the disclaimers on the QualityStocks.net website."
Nickle’s Daily Oil Bulletin States Unbridled Energy Corp. (TSX-UNE; UNEFF.PK) Property’s Deepest Horizons are “Virtually Unexplored”
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.”
"Please see the disclaimers on the QualityStocks.net website."
Unbridled Energy (TSX-UNE; UNEFF.PK) Updates Shareholders Regarding Chautauqua Lake Properties
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.”
"Please see the disclaimers on the QualityStocks.net website."
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Unbridled Energy Corp. (TSX-UNE; UNEFF.PK) 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.
http://www.unbridledenergy.com/
"Please see the disclaimers on the QualityStocks.net website."
Joseph H. Frantz, Jr.
President and CEO
Mr. Frantz is a shale gas, tight gas sand, and coalbed methane specialist. He has worked on unconventional reservoirs for 18 of his 24 years in the industry. His areas of experience in unconventional reservoirs include project management, exploratory and development evaluations, well test and production data analysis, reservoir simulation, reserve studies, hydraulic fracturing, and horizontal well evaluations. He is also experienced in gas storage projects.
Mr. Frantz joined Unbridled Energy from Schlumberger Data and Consulting Services (DCS) where he served as the Consulting and Solutions Operations Manager for their Pittsburgh, PA and Oklahoma City, OK offices. This position permitted him to utilize his extensive experience in managing people and projects in unconventional reservoirs. Over the past few years, Mr. Frantz has helped lead projects in the Fayetteville, Barnett, Woodford, Floyd, Conasauga, Marcellus, and other emerging U.S. shale plays.
Prior to this, Mr. Frantz served as Operations Manager of the Pittsburgh Holditch-Reservoir Technologies Consulting Services office where he, primarily, focused on the dissemination of state of the art evaluation practices on shale reservoirs to industry. He was responsible for all of the office projects and participated in studies on most of the shale reservoirs in the U.S., in addition to numerous studies on coalbed methane and tight gas sand reservoirs in the U.S. and internationally
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