Unbridled Energy has now acquired an interest in 10,240 acres (16 sections) of land and optioned a further 3,840 gross acres (6 sections). The Company’s interest in the majority of the lands ranges from 25% to a high of 50%, with an average working interest of 35%. Unbridled has participated (25% working interest) in the Golden Eagle Energy et al Chambers 3-17-41-11 W5M (“3-17”).

This well, classified as a tight gas sands well, has recently been completed in multiple formations which will now produce at commercial rates of natural gas and associate condensate. It is anticipated that multiple zones will be commingled similar to completion and production techniques used in many of the Ferrier pools to the immediate east. Plans are moving forward to tie-in the well with anticipated gas sales commencing by July 2007. The Company looks forward to publishing reserve estimates as soon as practicable. Further, Unbridled, and its joint venture partners, are preparing to workover and tie-in the nearby, currently shut-in POCO CHAMBERS 7-18-41-11 W5M well. If the zones are productive, the well is also anticipated to be placed on production in conjunction with the 3-17 well.

Unbridled, and its partners, are in the process of licensing two additional wells in the Chambers/Ferrier area. The first well is anticipated to spud by July 2007 followed directly by the second well in the latter part of 2007.

In addition, the Company, and its partners, have acquired a total of approximately 140 square miles of 3D seismic and have concluded two independent petrophysical studies over several Townships in the Chambers/Ferrier area.

For more information about Chambers, please contact us.