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