6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

FORM 6-K

REPORT OF FOREIGN ISSUER PURSUANT TO RULE 13a-16 AND 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the Period     December 2007                                   File No:  0-52400

Unbridled Energy Corp.   

(Name of Registrant)

Suite 400, 2424 4^th Street SW, Calgary, Alberta, Canada T2S 2T4

 (Address of principal executive offices)

1.

Notice of Change of fiscal year end.

2.

Interim Financial Statements (unaudited) for the 6-month period ended October 31, 2007.

3.

Management Discussion and Analysis for the period ended October 31, 2007.

4.

Certification of CEO

5.

Certification of CFO

Indicate by check mark whether the Registrant files or will file annual reports under cover of Form 20-F or Form 40-F.           FORM 20-F XXX         FORM 40-F ____

Indicate by check mark whether the Registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.     

Yes _____

No XXX

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Form 6-K to be signed on its behalf by the undersigned, thereunto duly authorized.

Unbridled Energy Corp.        

(Registrant)

Dated:  December 28, 2007	Signed: /s/  Carmen Etchart
	Carmen Etchart, Corporate Secretary

EX-99.1

#

NOTICE OF CHANGE IN YEAR-END

PURSUANT TO SECTION 4.8

 OF NATIONAL INSTRUMENT 51-102

Unbridled Energy Corporation (the “Issuer”) hereby gives notice to the British Columbia Securities Commission and Alberta Securities Commission pursuant to Section 4.8 of National Instrument 51-102 Continuous Disclosure Obligations (“NI 51-102”) as follows:

(a)

the Issuer has decided to change its financial year-end from April 30 to December 31;

(b)

the change in the financial year-end of the Issuer will allow the Issuer to have a financial year-end that corresponds with the financial year-end of the majority of the Issuer’s industry peers thus facilitating analysis and comparison of the Issuer with its industry peers;

(c)

the Issuer’s old financial year-end was April 30;

(d)

the Issuer’s new financial year-end is December 31;

(e)

the length and ending date of the periods, including the comparative periods, of the interim and annual financial statements to be filed for the Issuer’s transition year and its new financial year are as follows:

(i)

Annual Financial Statements for Transition Financial Year

•

8 months ended December 31, 2007 compared to the 12 months ended April 30, 2008;

(ii)

Interim Financial Statements for New Financial Year

•

3 months ended March 31, 2008 compared to the 3 months ended April 30, 2007;

•

6 months ended June 30, 2008 compared to the 6 months ended July 31, 2007;

•

9 months ended September 30, 2008 compared to the 9 months ended October 31, 2007; and

(iii)

Annual Financial Statements for New Financial Year

•

12 months ended December 31, 2008 compared to the 8 months ended December 31, 2007 and the 12 months ended April 30, 2007; and

(f)

the filing deadline, prescribed under Section 4.2 and Section 4.4 of NI 51-102, for the  Issuer’s annual financial statements for the period ended December 31, 2007 is April 29, 2008.

DATED this 28^th day of December, 2007

UNBRIDLED ENERGY CORPORATION

“Craig Steinke”

Per:  

____________________________

Craig Steinke, Chairman

/

EX-99.2

DR

UNBRIDLED ENERGY CORPORATION

INTERIM FINANCIAL STATEMENTS

FOR THE SECOND QUARTER ENDED

October 31, 2007

(Unaudited – Prepared by Management)

To the Shareholders of Unbridled Energy Corporation

These financial statements for the second quarter ended October 31, 2007, comprised of the balance sheet and the statements of operations and deficit as well as changes in cash flows, have been compiled by management.  These financial statements, along with the accompanying notes, have been reviewed and approved by the members of the Company’s audit committee.  In accordance with Canadian Securities Administrators National Instrument 51-102, the Company discloses that these unaudited financial statements have not been reviewed by the Company’s auditors.

Vancouver, BC

December 21, 2007

MANAGEMENT

UNBRIDLED ENERGY CORPORATION

INTERIM CONSOLIDATED BALANCE SHEETS

OCTOBER 31, 2007

(Unaudited – Prepared by Management)

ASSETS	(Unaudited) October 31 2007	(Audited) April 30 2007
Current
Cash and cash equivalents	$ 762,169	$ 3,599,908
Accounts receivable	1,311,383	84,338
GST receivable	362,285	66,326
Prepaid expenses and deposits	78,548	61,776
	2,514,385	3,812,348
Property and equipment – Note 3	17,754,058	14,642,725
	$ 20,268,443	$ 18,455,073
LIABILITIES
Current
Accounts payable and accrued liabilities	$ 3,645,912	$ 1,178,028
Asset retirement obligation – Note 4	256,527	250,482
	3,902,439	1,428,510
SHAREHOLDERS’ EQUITY
Share capital – Notes 5	23,283,181	21,714,570
Share subscriptions received	-	582,490
Contributed surplus	2,164,573	1,531,650
Deficit	(9,081,750)	(6,802,147)
	16,366,004	17,026,563
	$ 20,268,443	$ 18,455,073

Nature and Continuance of Operations – Note 1

Commitments – Notes 3, 5 and 8

Subsequent Events – Note 10

APPROVED BY THE DIRECTORS:
“Joseph H. Frantz Jr.”	Director	“Robert D. Penner”	Director
Joseph H. Frantz Jr.		Robert D. Penner

(See accompanying notes to the financial statements)

UNBRIDLED ENERGY CORPORATION

INTERIM CONSOLIDATED STATEMENTS OF OPERATIONS AND DEFICIT

FOR THE SECOND QUARTER ENDED OCTOBER 31

(Unaudited – Prepared by Management)

	Second Quarter ended		Year to date ended
	October 31 2007	October 31 2006	October 31 2007	October 31 2006
Revenue
Oil and gas production	$ 53,032	$ 23,033	$ 124,244	$ 23,033
Interest	15,800	-	22,348	-
	68,832	-	146,592	-
Expenses
Financial marketing	100,938	49,757	293,197	50,647
Accounting and audit fees – Note 6	68,201	40,760	126,877	46,760
Bank charges and interest	377	430	1,314	788
Consulting – Note 6	45,781	74,283	143,045	96,643
Depletion,depreciation and accretion	23,099	-	47,225	-
Foreign exchange loss (gain)	38,509	-	89,658	-
Investor relations	20,350	15,250	62,776	86,948
Legal fees – Note 6	2,335	121,349	54,838	185,327
Office and miscellaneous – Note 6	90,161	108,425	140,289	130,874
Payroll and benefits	182,339	38,268	325,503	38,268
Production costs	45,761	326	89,826	326
Professional fees	81,805		142,803
Regulatory and transfer agent fees	22,478	12,296	30,174	45,229
Rent	69,611	-	124,681	-
Stock-based compensation – Note 5	313,243	120,482	632,922	376,507
Travel and promotion	63,139	-	121,067	-
	1,168,127	581,626	2,426,195	1,058,317
Loss before income taxes	(1,099,295)	(558,593)	(2,279,603)	(1,035,284)
Future income tax recovery – Note 7	-	-	-	-
Net loss for the period	(1,099,295)	(558,593)	(2,279,603)	(1,035,284)
Deficit, beginning of the period	(7,982,455)	(1,303,337)	(6,802,147)	(826,646)
Deficit, end of the period	$ (9,081,750)	$ (1,861,930)	$ (9,081,750)	$ (1,861,930)
Basic and diluted loss per share	$ (0.03)	$ (0.02)	$ (0.05)	$ (0.05)
Weighted average number of shares outstanding	43,888,713	24,062,869	43,560,796	22,346,179

(See accompanying notes to the financial statements)

UNBRIDLED ENERGY CORPORATION

INTERIM CONSOLIDATED STATEMENTS OF CHANGES IN CASH FLOWS

FOR THE SECOND QUARTER ENDED OCTOBER 31

(Unaudited – Prepared by Management)

	Second Quarter ended		Year to date ended
	October 31 2007	October 31 2006	October 31 2007	October 31 2006
Operating Activities
Net loss	$ (1,099,295)	$ (558,593)	$ (2,279,603)	$ (1,035,284)
Adjustments to reconcile net loss       used in operations:
Future income tax recovery	-	-	-	-
Stock-based compensation	313,243	120,482	632,922	376,507
Depletion, depreciation and accretion	22,875	-	47,000	-
	(763,177)	(438,111)	(1,599,681)	(658,777)
Changes in non-cash working capital                balances related to operations:
Accounts receivable	(1,034,670)	-	(1,227,045)	(49,593)
GST receivable	(279,495)	(21,452)	(295,959)	(2,753)
Prepaid expenses and deposits	9,385	-	(16,772)	-
Accounts payables and accrued                  liabilities	2,683,138	(316,237)	2,467,884	613,106
Asset retirement obligation	-	-	-	-
Due to a related party	-	-	-	(5,000)
	1,378,358	(775,800)	928,108	(103,017)
Investing Activities
Acquisition of oil and gas properties	(2,675,706)	(281,420)	(3,152,288)	(2,292,487)
Deferred oil and gas exploration costs	-	(2,495,046)	-	(6,912,003)
	(2,675,706)	(2,776,466)	(3,152,288)	(9,204,490)
Financing Activities
Proceeds from issuance of common shares	219,122	450,000	1,982,428	8,537,000
Share issuance costs	(39,993)	-	(413,816)	(438,824)
Share subscriptions received	-	-	(582,490)	(1,428,650)
	179,129	450,000	986,122	6,669,526
Increase (decrease)  in cash and cash equivalents	(1,881,396)	(3,102,266)	(2,837,739)	(2,637,981)
Cash and cash equivalents, beginning of the year	2,643,565	3,242,212	3,599,908	2,777,927
Cash and cash equivalents, end of the period	$ 762,169	$ 139,946	$ 762,169	$ 139,946
Cash and cash equivalents consist of:
Cash	$ 665,121	$ 139,946	$ 665,121	$ 139,946
Cash equivalents	97,048	-	97,048	-
	$ 762,169	$ 139,946	$ 762,169	$ 139,946

UNBRIDLED ENERGY CORPORATION

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS

FOR THE SECOND QUARTER ENDED OCTOBER 31, 2007

(Unaudited – Prepared by Management)

Note 1

Nature and Continuance of Operations

Unbridled Energy Corporation (“the Company”) is engaged in the exploration for and the development of petroleum and natural gas in Canada and the United States.

The Company was incorporated under the laws of the Province of British Columbia on October 6, 2003.  On July 19, 2006, the Company changed its name to Unbridled Energy Corporation.  

These financial statements have been prepared in accordance with generally accepted accounting principles applicable to a going concern, which assumes that the Company will be able to meet its obligations and continue its operations for its next fiscal year.  Realization values may be substantially different from carrying values as shown and these financial statements do not give effect to adjustments that would be necessary to the carrying values and classification of assets and liabilities should the Company be unable to continue as a going concern.  At October 31, 2007, the Company had not yet achieved profitable operations, has accumulated losses of $9,081,750 and expects to incur further losses in the development of its business, all of which casts substantial doubt about the Company’s ability to continue as a going concern.  The Company’s ability to continue as a going concern is dependent upon its ability to generate future profitable operations and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due.

Note 2

Significant Accounting Policies

The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in Canada and are stated in Canadian dollars.  Because a precise determination of many assets and liabilities is dependent upon future events, the preparation of financial statements for a period necessarily involves the use of estimates, which have been made using careful judgement.  Actual results may differ from these estimates.

The financial statements have, in management’s opinion, been properly prepared within the framework of the significant accounting policies summarized below:

a)

Consolidation

These consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries, Unbridled Energy USA Inc., Unbridled Energy New York LLC and Unbridled Energy Ohio LLC.  All inter-company balances and transactions have been eliminated on consolidation.  

b)

Cash and Cash Equivalents

Cash and cash equivalents consist of amounts on deposit with banks and investments in short-term deposits with original maturities of less than three months.  

UNBRIDLED ENERGY CORPORATION

         Page 2

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS

FOR THE SECOND QUARTER ENDED OCTOBER 31, 2007

(Unaudited – Prepared by Management)

Note 2

Significant Accounting Policies – (cont’d)

c)

Foreign Currency Translation

The Company’s foreign operations are of an integrated nature.  Monetary assets and liabilities are translated at the exchange rate in effect at the balance sheet date and non-monetary assets and liabilities are translated at historical exchange rates.  Revenues and expenses are translated at rates of exchange prevailing on the dates of the underlying transaction.  Gains or losses on translation are included in the determination of net earnings.  

d)

Property and Equipment

i)

Capitalized Costs

The Company follows the full cost method of accounting for its petroleum and natural gas operations.  Under this method, all costs related to the exploration for and development of petroleum and natural gas reserves are capitalized into cost centres on a country-by-country basis.  Costs include lease acquisition costs, geological and geophysical expenses and costs of drilling both productive and non-productive wells and equipment costs.  Proceeds from the sale of properties are applied against capitalized costs and gains or losses are not recognized unless such sale would alter the depletion rate by more than 20%.  

ii)

Depletion and Depreciation

Depletion and depreciation of petroleum and natural gas properties, net of estimated salvage or residual value, is provided using the unit-of-production method based upon estimated gross proven petroleum and natural gas reserves as determined by independent engineers.  For depletion and depreciation purposes, relative volumes of petroleum and natural gas production and reserves are converted at the energy equivalent conversion rate of 6,000 cubic feet of natural gas to one barrel of crude oil.  

Office equipment is depreciated on a straight-line balance basis over its estimated useful life of 3 to 4 years.  Additions are depreciated at half the annual rate in the year of acquisition.  

Leasehold improvements are amortized on a straight line basis over the life of the lease.  

UNBRIDLED ENERGY CORPORATION

         Page 3

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS

FOR THE SECOND QUARTER ENDED OCTOBER 31, 2007

(Unaudited – Prepared by Management)

Note 2

Significant Accounting Policies – (cont’d)

d)

Property and Equipment – (cont’d)

iii)

Impairment Test

In applying the full cost method, the Company calculates a ceiling test whereby the carrying value of property and equipment is compared to the sum of the undiscounted cash flows expected to result from the future production of proven reserves.  Cash flows are based on third party quoted forward prices, adjusted for transportation and quality differentials.  Should the ceiling test result in an excess of carrying value, the Company would then measure the amount of impairment by comparing the carrying amounts of property and equipment to an amount equal to the estimated net present value of future cash flows from proven plus probable reserves.  A risk-free interest rate is used to arrive at the net present value of the future cash flows.  Any excess carrying would be recorded as a permanent impairment.  

The cost of unproved properties is excluded from the ceiling test and is subject to a separate impairment test.  Periodically management assesses the recoverability of unproved properties.  Impairment, if any, is added to the costs subject to depletion.  

e)

Asset Retirement Obligation

The Company recognizes the fair value of a liability for an asset retirement obligation in the period in which it is incurred and records a corresponding increase in the carrying value of the related long-lived asset.  The fair value is determined through a review of engineering studies, industry guidelines and management’s estimate on a site-by-site basis.  The liability is subsequently adjusted for the passage of time and is recognized as an accretion expense in the statement of operations.  The liability is also adjusted due to revisions in either the timing or the amount of the original estimated cash flows associated with the liability.  The increase in the carrying value of the asset is amortized using the unit of production method based on estimated gross proved reserves as determined by independent engineers.  Actual costs incurred upon settlement of the asset retirement obligations are charged against the asset retirement obligation to the extent of the liability recorded.  

f)

Mineral Properties

The Company defers the cost of acquiring, maintaining its interest, exploring and developing mineral properties until such time as the properties are placed into production, abandoned, sold or considered to be impaired in value.  Costs of developing properties will be amortized on a unit of production basis and costs of abandoned properties written-off.  Proceeds received on the sale of interests in mineral properties are credited to the carrying value of the mineral properties, with payments received in excess of costs on a property-by-property basis included as income in the statement of operations.  Write-downs due to impairment in value are charged to operations.

UNBRIDLED ENERGY CORPORATION

         Page 4

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS

FOR THE SECOND QUARTER ENDED OCTOBER 31, 2007

(Unaudited – Prepared by Management)

Note 2

Significant Accounting Policies – (cont’d)

g)

Future Income Taxes

The Company follows the asset and liability method of accounting for income taxes.  Under this method future tax assets and liabilities are determined based on differences between financial reporting and income tax bases of assets and liabilities, and are measured using substantively enacted tax rates and laws that will be in effect when the differences are expected to reverse.  The effect on future tax assets and liabilities of change in tax rates is recognized in operations in the period in which the change is substantively enacted.  A valuation allowance is recorded against a future income tax asset if it is more likely than not that the asset will not be realized.  

h)

Flow-Through Shares

A portion of the Company’s exploration activities is financed through proceeds received from the issue of flow-through shares.  Under the terms of the flow-through share issues, the tax attributes of the related expenditures are renounced to the share subscribers.  To recognize the foregone tax benefits to the Company, the carrying value of the shares issued is reduced by the tax effect of the benefits renounced to subscribers.  The tax effect of the renouncement is recorded when the renouncement documents are filed with the Canada Revenue Agency and the corresponding exploration expenditures are incurred or are reasonably likely to be incurred within the permitted timeframe.  

i)

Stock-Based Compensation

The Company uses the fair value method of accounting for options granted.  The fair value of each option granted is estimated on the date of grant using the Black-Scholes option pricing model and charged to earnings over the vesting period with a corresponding increase in the contributed surplus.  Upon the exercise of the stock options, consideration received together with the amount previously recognized in contributed surplus is recorded as an increase to share capital.   

j)

Joint Operations

Substantially all of the exploration and production activities of the Company are conducted jointly with others.  These financial statements reflect only the Company’s proportionate interest in such activities.  

k)

Measurement Uncertainty

The amounts recorded for depletion and depreciation of property and equipment and the ceiling test and unproved property impairment are based on estimates of gross proven reserves, production rates, oil and gas prices, futures costs and other relevant assumptions.  By their nature, these estimates are subject to measurement uncertainty and the effect on the financial statements of changes and estimates in future periods could be significant.  

UNBRIDLED ENERGY CORPORATION

         Page 5

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS

FOR THE SECOND QUARTER ENDED OCTOBER 31, 2007

(Unaudited – Prepared by Management)

Note 2

Significant Accounting Policies – (cont’d)

k)

Measurement Uncertainty – (cont’d)

Inherent in the fair value calculation of asset retirement obligations are numerous assumptions and judgments, including the ultimate settlement amounts, inflation factors, credit adjusted discount rates, timing of settlement and changes in the legal and regulatory environments.  To the extent future revisions to these assumptions impact the fair value of the existing asset retirement obligation liability, a corresponding adjustment is made to the property and equipment balance.  

The Black-Scholes option pricing model was developed for use in estimating the fair value of traded options which have no vesting restrictions and are fully transferable.  In addition, option pricing models require the input of highly subjective assumptions including the expected stock price volatility.  Because the Company’s employee stock options have characteristics significantly different from those of traded options, and because changes in the subjective input assumptions can materially affect the fair value estimate, in management’s opinion, the existing models do not necessarily provide a reliable single measure of the fair value of its employee stock options.  By their nature, these estimates are subject to measurement uncertainty and the effect on the financial statements of changes of estimates in future periods could be significant.  

l)

Basic and Diluted Loss Per Common Share

Basic loss per share (“LPS”) is calculated by dividing loss applicable to common shareholders by the weighted average number of common shares outstanding for the period.  Diluted LPS reflects the potential dilution that could occur if potentially dilutive securities are exercised or converted to common stock.  Due to the losses, potentially dilutive securities were excluded from the calculation of diluted LPS, as they were anti-dilutive.  Therefore, there is no difference in the calculation of basic and diluted LPS.  

m)

Revenue Recognition

Revenues associated with the sale of crude oil and natural gas are recorded when the title passes to the customer.  Interest income is recognized on a pro rata basis over the investment term.  

UNBRIDLED ENERGY CORPORATION

         Page 6

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS

FOR THE SECOND QUARTER ENDED OCTOBER 31, 2007

(Unaudited – Prepared by Management)

Note 3

Property and Equipment

	October 31, 2007
	Cost	Accumulated Depletion and Depreciation	Net
Petroleum and natural gas properties	$ 17,599,593	$   (107,402)	$ 17,492,191
Leasehold improvements	194,018	(5,742)	188,276
Office equipment	76,965	(3,374)	73,591
	$ 17,870,576	$   (116,518)	$ 17,754,058

	October 31, 2006
	Cost	Accumulated Depletion and Depreciation	Net
Petroleum and natural gas properties	$ 14,952,940	$               -	$ 14,952,940

The Company did not capitalize any general and administrative costs during 2007 and 2006.  As at October 31, 2007, property and equipment includes the cost of unproved properties in Canada and the USA in the amounts of $14,993,128 and $765,422, respectively, which has been excluded from the depletion calculation and future capital costs of $nil have been included in the depletion calculation.  Salvage values are $nil.

The Company applies the ceiling test annually to its capitalized assets at October 31, 2007 and determined that there was no impairment of costs.  

Petroleum and Natural Gas Properties:

a)

Canada Oil and Gas Properties

i)

Chambers Property

By an agreement dated January 12, 2006, the Company acquired by assignment of a farm-out and participation agreement a 20% working interest in the Chambers Elkton well 3-17-4-11-W5 located in the Province of Alberta, Canada.  

As consideration for the assignment, the Company issued 3,000,000 common shares of the Company, valued at $3,750,000 and reimbursed $77,000 for seismic and completion costs incurred.  Under the terms of the agreement, the Company paid 25% of the cost of drilling, completing and abandonment costs on the well.  The working interest of 20% is subject to a combined 8.5% gross overriding royalty (“GORR”).

UNBRIDLED ENERGY CORPORATION

         Page 7

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS

FOR THE SECOND QUARTER ENDED OCTOBER 31, 2007

(Unaudited – Prepared by Management)

Note 3

Property and Equipment – (cont’d)

Petroleum and Natural Gas Properties – (cont’d)

a)

Canada Oil and Gas Properties – (cont’d)

i)

Chambers Property – (cont’d)

Pursuant to a separate purchase and sale agreement dated April 14, 2006, the Company acquired an additional 5% working interest and an 8% GORR on a 7% working interest in the same Chambers Elkton well.  As consideration, the Company paid $475,000.  The Company also agreed to acquire a 30% working interest in another well on the prospect, the Chamber 7-18 well.  

ii)

Tsuu T’ina First Nation Property

By an assignment and assumption agreement dated March 31, 2006, the Company secured the option to acquire up to a 50% participating interest in a joint venture with Arapahoe Energy Corporation (“Arapahoe”) in certain petroleum and natural gas rights on the Tsuu T’ina First Nation (Sarcee Indian Reserve) West of Calgary, Canada.  The Company agreed to pay $750,000 cash and reimburse Arapahoe up to a maximum of $2,000,000, finance a portion of the seismic program on the property and drill two test wells on the property.  To date the Company has paid $2,353,919 relating to the acquisition and $4,830,922 for drilling costs.  

Management of the Company assessed the recoverability of this unproved property and determined a write-down at April 30, 2007 totalling $5,184,841.  

b)

US Oil and Gas Properties

i)

Oil and Gas Property, New York

By a purchase and sale agreement dated March 28, 2007, together with another agreement of the same date, the Company acquired a 50% interest in oil and gas leases located in the Chautauqua County, New York.  Acquisition costs totalled $1,501,125.  The property consists of 61 gross and approximately 51 net wells.  

ii)

Oil and Gas Property, Ohio

By a Leasehold Acquisition, Ownership, Development and Operation Agreement dated March 31, 2007, as amended by a subsequent letter agreement dated May 1, 2007, the Company acquired approximately 15,500 net acres of oil and gas leases located in Jackson County, Ohio.  To date the acquisition costs have totalled $553,229.

UNBRIDLED ENERGY CORPORATION

         Page 8

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS

FOR THE SECOND QUARTER ENDED OCTOBER 31, 2007

(Unaudited – Prepared by Management)

Note 4

Asset Retirement Obligation

The following table presents the reconciliation of the carrying amount of the obligations associated with the retirement of the Company’s property and equipment:

	2007	2006
Asset retirement obligation, beginning of the year	$   250,482	$             -
Liabilities incurred	-	-
Accretion	4,045	-
Asset retirement obligation, end of the year	$   256,527	$             -

The following significant assumptions were used to estimate the asset retirement obligations:

	2007	2006
Risk-free discount rate, adjusted for an inflation rate of 3%	6%	-
Expected timing of cash flows	Estimated year a well becomes economic

Note 5

Share Capital

a)

Authorized:

Unlimited common shares without par value

Unlimited preferred shares without par value

UNBRIDLED ENERGY CORPORATION

         Page 9

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS

FOR THE SECOND QUARTER ENDED OCTOBER 31, 2007

(Unaudited – Prepared by Management)

Note 5

Share Capital – (cont’d)

b)

Issued: common shares

	Number of Common Shares	Amount
Balance, April 30, 2006	16,169,166	$  6,635,943
Issue of shares for cash:
Private placements                             - at $1.05	7,700,000	8,085,000
- at $1.10	400,000	440,000
- at $0.70	3,931,800	2,752,260
- at $0.65	5,501,000	3,575,650
- at $0.55	665,000	365,750
- at $0.50	5,920,000	2,960,000
Pursuant to the exercise of warrants  - at $0.80	15,000	12,000
Issue of shares for a finders’ fee	163,830	104,673
Share issue costs	-	(1,432,141)
Tax effect of flow-through share renunciation	-	(1,784,565)
Balance, April 30, 2007	40,465,796	$ 21,714,570
Issue of shares for cash:
Private placements                            - at $0.50	2,735,000	1,367,500
- at $0.55	150,000	82,500
- at $0.45	1,183,172	532,427
Share issue costs	-	(413,816)
Balance, October 31, 2007	44,533,968	$ 23,283,181

c)

Escrow:

In accordance with an Escrow Agreement dated September 28, 2004, 3,701,666 common shares of the Company were subject to escrow and may not be transferred, assigned or otherwise dealt with without the consent of the TSX.  The release of these shares is subject to the approval of the TSX and may be released as to 10% upon the listing of the Company’ shares and 15% every six months thereafter until all the escrowed shares have been released from escrow.  During the year six months ended October 31, 2007, there were 555,250 shares released from escrow, leaving a balance of 555,250 shares held in escrow at October 31, 2007.

UNBRIDLED ENERGY CORPORATION

        Page 10

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS

FOR THE SECOND QUARTER ENDED OCTOBER 31, 2007

(Unaudited – Prepared by Management)

Note 5

Share Capital – (cont’d)

d)

Commitments:

i)

Stock-based Compensation Plan

The Company has granted share purchase options to directors, employees and consultants to purchase common shares of the Company.  These options are granted with an exercise price equal to the market price of the Company’s stock at the date of the grant.  The options vest as to 12.5% on TSX Venture Exchange approval and 12.5% every three months thereafter until fully vested.  The maximum number of options outstanding is limited to 10% of the total shares issued and outstanding.  A summary of the status of the stock option plan as of October 31, 2007 and the changes during the period is as follows:

		Weighted
		Average
		Exercise
	Number	Price
Outstanding, April 30, 2006	650,000	$1.32
Granted	1,850,000	$1.35
Cancelled	(400,000)	$1.41
Outstanding, April 30, 2007	2,100,000	$1.33
Granted	765,00	$0.75
Outstanding, October 31, 2007	2,865,000	$1.17
Exercisable, October 31, 2007	1,516,863	$1.22

As at October 31, 2007, there are 2,865,000 share purchase options outstanding entitling the holders thereof the right to purchase one common share for each option held as follows:

Number of Options	Exercise Price	Expiry Date
250,000	$1.32	March 13, 2008
400,000	$1.32	March 28, 2008
250,000	$1.41	May 14, 2011
700,000	$1.32	August 17, 2011
400,000	$1.32	September 5, 2011
100,000	$1.32	October 24, 2011
765,000	$0.75	July 18, 2012
2,865,000

UNBRIDLED ENERGY CORPORATION

        Page 11

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS

FOR THE SECOND QUARTER ENDED OCTOBER 31, 2007

(Unaudited – Prepared by Management)

Note 5

Share Capital – (cont’d)

d)

Commitments – (cont’d)

i)

Stock-based Compensation Plan – (cont’d)

During the period ended October 31, 2007, stock-based compensation of $632,922 (2006: $120,482) was expensed by the Company.  

Assumptions used in determining the fair value of the options vested in the years are as follows:

	2007	2006
Weighted average fair value of options granted	$0.75	$1.37
Expected dividend yield	0.0%	0.0%
Expected volatility	66%	250%
Risk-free interest rate	4.64%	3.00%
Expected term in years	5 years	2-5 years

ii)

Share Purchase Warrants

Warrant transactions and the number of warrants outstanding are summarized as follows:

	2007		2006
		Weighted		Weighted
		Average		Average
	Number of	Exercise	Number of	Exercise
	Warrants	Price	Warrants	Price
Balance, beginning of period	18,286,255	$1.12	-	$     -
Granted	4,089,322	$0.85	8,063,750	$1.37
Exercised	-	$     -	-	$     -
Expired/cancelled	(5,210,000)	$1.65	-	$     -
Balance, end of period	17,165,577	$0.89	8,063,750	$1.37

UNBRIDLED ENERGY CORPORATION

        Page 12

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS

FOR THE SECOND QUARTER ENDED OCTOBER 31, 2007

(Unaudited – Prepared by Management)

Note 5

Share Capital – (cont’d)

d)

Commitments – (cont’d)

ii)

Share Purchase Warrants – (cont’d)

At October 31, 2007, the following share purchase warrants were outstanding:

Number of Shares	Exercise Price	Expiry Date
400,000	$1.31	September 19, 2008
1,183,172	$0.75	October 26, 2008
5,477,720*	$1.00	December 13, 2008
588,466*	$0.70	December 13, 2008
50,659*	$0.70	December 29, 2008
175,000*	$1.00	February 8, 2009
26,250*	$0.70	February 8, 2009
456,050*	$0.55	April 27, 2009
5,932,110*	$0.85	April 27, 2009
171,150	$0.85	May 17, 2009
2,735,000	$0.85	May 17, 2009
17,165,577

* During the term of these warrants if the common shares of the Company close at or above $1.85 (affecting 6,388,160 warrants) or $2.00 (affecting 6,288,095 warrants) per share for more than 20 consecutive trading days, then the Company, at its option, will be entitled to accelerate the expiry of the warrants at that time to a term of 30 calendar days.  

Note 6

Related Party Transactions

The Company incurred the following costs and expenses with a company with a common director, and directors and officers of the Company:

	2007	2006
Accounting fees	$ -	$ 9,000
Administration fees	8,130	-
Consulting	15,990	-
Course and convention fees	2,374	-
Dues and membership fees	4,666	-
Legal fees	12,324	3,210
Management fees	15,000	15,000
Office	1,727	-
	$ 60,211	$ 27,210

These charges were in the normal course of operations and were measured by the exchange amount, which is the amount agreed upon by the transacting parties.  

UNBRIDLED ENERGY CORPORATION

        Page 13

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS

FOR THE SECOND QUARTER ENDED OCTOBER 31, 2007

(Unaudited – Prepared by Management)

Note 7

Commitments

The Company has committed to annual rental payments for office premises as follows:

2007	$      36,961
2008	228,898
2009	229,404
2010	241,116
Thereafter	495,087
	$  1,231,466

Note 8

Financial Instruments

a)

Fair Values of Financial Assets and Liabilities

Financial instruments consist mainly of cash and cash equivalents, accounts receivable, and accounts payable and accrued liabilities.  At October 31, 2007 and 2006, there are no significant differences between the carrying amounts reported on the balance sheet and their estimated fair values.  

b)

Credit Risk

Substantially all of the Company’s cash and cash equivalents are held at chartered banks and as such the Company is exposed to the risks of the institutions.  

The majority of the accounts receivable are in respect of oil and natural gas operations.  The Company generally extends unsecured credit to these customers and, therefore, the collection of accounts receivables may be affected by changes in economic or other conditions and may, accordingly, impact the Company’s overall credit risk.  Management believes the risk is mitigated by the size and reputation of the companies to which they extend credit.  The Company has not experienced any material credit loss in the collection of receivables in the past.  

c)

Commodity Price Risk

The Company’s operations are exposed to commodity price fluctuations.  Management monitors commodity prices and initiates instruments to manage exposure to these risks when it deems appropriate.  

d)

Foreign Exchange Risk

The Company is exposed to fluctuations in the rate of exchange in respect of its US operations.  A portion of the Company’s cash, accounts receivable, and accounts payable are denominated in US dollars and, consequently, the Company is subject to the risk of fluctuating foreign exchange rates.  

UNBRIDLED ENERGY CORPORATION

        Page 14

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS

FOR THE SECOND QUARTER ENDED OCTOBER 31, 2007

(Unaudited – Prepared by Management)

Note 9

Subsequent Events

Subsequent to October 31, 2007:

a)

The Company executed a Business Loan Agreement and Promissory Note for $6 million USD with Huntington National Bank on Friday, November 16, 2007.  The initial lending base is $4.2 million USD.  Funds from this debt facility will be applied to the ongoing development of the Company’s existing reserve base in the Appalachian Basin, USA, further development of the Company’s project in the Chambers area of the Western Canadian Sedimentary Basin, and general corporate purposes.  Interest will be charged on the outstanding principal at a rate of LIBOR  plus 250 basis points.  The loan is secured by Unbridled’s reserves in Chautauqua County, New York, USA.

b)

The Company entered into a Joint Venture Agreement and a four township AMI with Equitable Production Company, a unit of Equitable Resources, Inc. (NYSE: EQT) to partner on drilling three horizontal test wells in the first quarter 2008 in the Devonian shales in south central Ohio.  The agreement requires Equitable to invest up to $1.8 million to drill, complete and test three horizontal wells on Unbridled’s approximate 23,000 acre land position.  Equitable will earn a 50% working interest in Unbridled’s 100% holdings.

c)

The Company signed a Purchase and Sale agreement to acquire two existing wells completed in the Clinton sandstone formation and an option to purchase 2,000 additional acres.  The transaction includes pipeline access to sell gas from a portion of the Company’s lands in Ohio.  One of the wells will be re-entered and drilled horizontally by Equitable Production Company (see (b) above).  This purchase will be rolled into the Joint Venture Agreement with Equitable Production Company.

Note 10

Geographic Segments

The Company is organized into divisions by geographic area consisting of Canada and the United States.  All divisions derive revenue from oil and gas properties.  

	2007
	Canada	United States	Total
Oil and gas revenue, net	$                  -	$        124,244	$          124,244
Net loss	$ (1,816,891)	$     (462,712)	$    (2,279,603)
Property and equipment	$  15,229,630	$     2,524,428	$     17,754,058
Identifiable assets	$    2,237,822	$        276,503	$       2,514,385

	2006
	Canada	United States	Total
Oil and gas revenue, net	$                  -	$                   -	$                     -
Net loss	$  (1,035,284	$                   -	$     (1,035,284
Property and equipment	$  14,952,940	$                   -	$     14,952,940
Identifiable assets	$       239,244	$                   -	$          239,244

EX-99.3

Unbridled Energy Corporation

Management's Discussion & Analysis

For the second quarter ending October 31, 2007

Form 51-102F1 as at December 21, 2007

GENERAL

The following discussion and analysis of the operations, results, and financial position of Unbridled Energy Corporation (“Unbridled” or “the Company”) for the second quarter ending October 31, 2007, should be read in conjunction with the Company’s unaudited interim Financial Statements for the quarter ending October 31, 2006 and the Company’s audited Financial Statements for the year ended April 30, 2007.

FORWARD LOOKING STATEMENTS

This Management Discussion and Analysis (“MD&A”) contains certain forward looking statements, except for historical information.  These statements involve known and unknown risks, uncertainties, and other factors that may cause the Company’s actual results, levels of activity, performance, and/or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward looking statements.

DATE

This MD&A covers the quarter ending October 31, 2007 and was prepared effective December 21, 2007.

OVERALL PERFORMANCE

At the end of October 31, 2007 the Company has working interest (WI) of between 25% and 50% in three wells (3-17, 7-18, and 16-21) on the Chambers Property in Alberta, Canada.  During the second quarter, a pipeline was completed connecting the 3-17 well into Conoco’s gas gathering system, and production from the well began on November 7, 2007 at a restrained gross rate of approximately 1000 Mscf/d and 50 to 75 bbl/d condensate.  Reserves from the 3-17 will be estimated by a third party after the well flows into the sales line for several months.  The Company’s Net Revenue Interest in the 3-17 well is approximately 18.25%.  The Company also completed drilling the 16-21 well on this property at the end of September 2007 and a completion is now underway.  The well encountered numerous gas bearing sands, shales, and a carbonate formation, which is the current completion target.  Finally, a pipelines are in the design and planning stages to connect the 7-18 and 16-21 wells into production.  

The Company also holds a 50% WI on two wells in its Tsuu T’ina property in Alberta Canada.  The Company plans to divest this property starting in Q1 2008.

In the USA, the Company has a 50% WI in 61 gross wells in Chautauqua County, New York.  These wells produce approximately net 125 Mscf/d and 3 bbl/d oil.  The Company also recently signed a Letter of Intent to purchase a 50% WI in an additional 22 wells in this area, plus additional acreage and deep rights if the transaction is completed.  The Company has plans to drill 10 wells in New York in Q1 2008.   

Finally, the Company owns 100% WI in approximately 15,500 acres in Jackson County Ohio.  The Company is obligated to purchase 100% WI in an additional 7,500 acres in this County.  There are no wells drilled yet on the Ohio acreage.  Associated with the Jackson County acreage, the Company signed a Letter of Intent to sell a 50% WI to a Joint Venture partner on the conditions the partner drills, completes, and production tests three horizontal wells into the Devonian Shale. The Company also signed a Letter of Intent with an operator who owns 2,000 acres amongst the Company’s 23,000 acres.  This purchase will include two existing wellbores, an option to purchase approximately 2,000 acres, and access into a local pipeline.  The Company continues to evaluate opportunities to purchase additional acreage in Canada and in the USA, in addition to joint venture opportunities with other operators.  

The Company is a public company listed on the TSX Venture Exchange and is exploring and developing its oil and gas properties.  The recoverability of amounts shown for oil and gas properties is dependent upon the discovery of economically recoverable reserves and confirmation of the Company’s interest in the oil and gas properties, the ability of the Company to obtain necessary financing to complete the development of the properties and upon future profitable production or proceeds from the disposition of the properties.

The Company was incorporated under the laws of the Province of British Columbia on October 6, 2003 as Leroy Ventures Inc. and on July 19, 2006, the Company changed its name to Unbridled Energy Corporation.

As of October 31, 2007, the Company had $762,169 (April 2007: $3,599,908) in cash and cash equivalents and a working capital of $(1,131,527) (April 2007: $2,634,320).  The Company had no debt as of October 31, 2007 and its credit and interest rate risk are limited to interest bearing assets of cash and cash equivalents, and short-term investments.  Accounts payable and accrued liabilities are short-term and non-interest bearing.

RESULTS OF OPERATIONS

Oil and Gas Operations

As of October 31, 2007, the Company has acquired the following oil and gas interests in the province of Alberta, Canada:

a)

Chambers Property – By an agreement dated January 12, 2006, the Company acquired by assignment of a farm-out and participation agreement, a 20% working interest in the Chambers 3-17-41-11 W5M well, which was subsequently increased to include an additional 5% working interest and the overriding royalty payable to the farmor pursuant to the said farmout and participation agreement and a 50% BPO interest in the Chambers 7-18-41-11 W5M well.  This increase in interest was achieved through the acquisition of White Max Energy Ltd.’s entire interest in the Chambers area (White Max is a Calgary, Alberta based private E&P company).

The closing of the aforesaid Chambers acquisition gives the Company a 25% working interest in the Chambers 3-17-41-11 W5M well.  This well has been completed in multiple formations and it is anticipated that the formations will ultimately be commingled similar to completion and production techniques used in many of the Ferrier Pools to the east.  Additional drilling opportunities exist based on the success in the 3-17 well.  The next test well was the 16-21 well, spudded at the end of August.  This new pool well was drilled to the top of the Shunda formation and encountered multiple gas bearing formations to an approximate depth of 3,300 metres. The Company is completing the lower carbonate formation in the first half of December.  The Company holds 12,160 acres with an option on another 1,920 acres in the Chambers/Ferrier area with an average working interest of approximately 35%.  

b)

Tsuu T’ina First Nation Reserve – By an assignment and assumption agreement dated March 31, 2006, the Company acquired a 50% working interest in a joint venture with Arapahoe Energy Corporation (“Arapahoe”) in certain petroleum and natural gas rights on the Tsuu T’ina First Nation (Sarcee Indian) Reserve southwest of Calgary, Alberta.

The Company owns a 50% WI in approximately 30,000 acres on this prospect and has earned all mineral rights on the property based on expenses spent on drilling three wells.  The Horseshoe Canyon coalbed methane and the Edmonton gas sands are the shallow targets.  A 3D seismic survey also exists over some of the acreage.  Based on the three test wells, the Company and its joint venture partner estimate the coals to be present in 20 sections.  The coals were present in the first two wells, but were faulted out in the third well (AAO 102 Sarcee 11-11-23-4W5M).  The AAO 102 Sarcee 9-21-23-3W5M well stimulated coalbed methane formations in 24 perforated intervals.  The AAO 102 Sarcee 4-30-23-3-3W5M well stimulated coalbed methane formations in 15 perforated intervals.  Both wells were production tested during an extended flow test.  Management has determined based on current information that the development cost of the Tsuu T’ina property exceeds management’s estimate of the property’s fair market value, and as such a write down of approximately $5.2 million was recorded in the financial statements during the year ended April 30, 2007.

As of October 31, 2007, the Company has acquired the following oil and gas interests in the USA

a)

CHAUTAUQUA LAKE PROPERTIES, CHAUTAUQUA COUNTY, NEW YORK

On April 2, 2007, Unbridled Energy purchased a 50% working interest (“WI”) in 13,280 gross acres, in the State of New York.  This property, with modest production, was primarily acquired to develop proven, probable, and possible undeveloped unconventional natural gas reserves in tight gas sand and shale reservoirs.  

Since purchasing the property, the Company has completed workovers on 12 wells to improve production from existing completed intervals. Pipeline shut-ins and high line pressures have restricted production in NY this summer and fall.  The Company is by-passing the line restrictions in one area by laying pipeline and connecting to the Tennessee system.  This should allow the wells to produce year round.

Reserve estimates established by Schlumberger Data & Consulting Services (“Schlumberger”), an independent qualified reserve estimator, of 31 billion cubic feet (“bcf”) net to the Company of P3 (proven probable possible) reserves.  The possible reserves included in the P3 reserves are estimated at 24 bcf.  It is Unbridled’s intention, as operator, to apply the latest proven technology to develop this reserve base.

Management has completed a field-wide geologic, reservoir, completion, and stimulation study.  These studies will establish the most effective technology for the ongoing development of these reserves and the best location for the first group of new wells.  The Company has started the process to secure a drilling rig to commence drilling new wells and to recomplete existing wells by early Q1 2008.

b)

OHIO RIVER PLAY, OHIO

The Company has purchased 100% WI in approximately 15,500 acres in Jackson County, Ohio through an arm’s-length transaction with a third party.  The Company has committed to purchase approximately 7,500 additional acres in Jackson County, Ohio, and has the right of first refusal to continue purchasing additional acreage in an Area of Mutual Interest (AMI).  The Devonian group of shale reservoirs and the Clinton tight gas sand are available to exploit natural gas.  Schlumberger estimated a discovered resource of over 300 Bcf in the Devonian Shale intervals on the initial purchased acreage.  A geologic study has been completed to help high grade drilling locations.

Subsequent Events

a)

The Company executed a Business Loan Agreement and Promissory Note for $6 million USD with Huntington National Bank on Friday, November 16, 2007.  The initial lending base is $4.2 million USD.  Funds from this debt facility will be applied to the ongoing development of the Company’s existing reserve base in the Appalachian Basin, USA, further development of the Company’s project in the Chambers area of the Western Canadian Sedimentary Basin, and general corporate purposes.  Interest will be charged on the outstanding principal at a rate of LIBOR  plus 250 basis points.  The loan is secured by Unbridled’s reserves in Chautauqua County, New York, USA.

b)

The Company entered into a Joint Venture Agreement and a four township AMI with Equitable Production Company, a unit of Equitable Resources, Inc. (NYSE: EQT) to partner on drilling three horizontal test wells in the first quarter 2008 in the Devonian shales in south central Ohio.  The agreement requires Equitable to invest up to $1.8 million to drill, complete and test three horizontal wells on Unbridled’s approximate 23,000 acre land position.  Equitable will earn a 50% working interest in Unbridled’s 100% holdings.

           c)

The Company signed a Purchase and Sale agreement to acquire two existing wells completed in the Clinton sandstone formation and an option to purchase 2,000 additional acres.  The transaction includes pipeline access to sell gas from a portion of the Company’s lands in Ohio.  One of the wells will be re-entered and drilled horizontally by Equitable Production Company (see (b) above).  This purchase will be rolled into the Joint Venture Agreement with Equitable Production Company.

Risks and Uncertainties

Mining and oil and gas companies face many and varied kinds of risks in exploration activities. While risk management cannot eliminate the impact of all potential risks, the Company strives to manage such risks to the extent possible and practical.   The principal activity of the Company is now oil and gas exploration and it is inherently risky.  Exploration is also capital intensive and the Company currently has no source of income other than those described above. Only the skills of its management and staff in mineral exploration and exploration financing serve to mitigate these risks and therefore are one of the main assets of the Company.  

Following are the risk factors which the Company’s management believes are most important in the context of the Company’s business. It should be noted that this list is not exhaustive and that other risk factors may apply. An investment in the Company may not be suitable for all investors

Exploration Risks

The business of exploring for oil and gas involves a high degree of risk. Due in some cases to factors that cannot be foreseen, only a small proportion of the properties that are explored worldwide are ultimately developed into marketable resources. At the present, only the Chautauqua Lake wells in New York and the Chambers 3-17 have marketable reserves and the proposed programs are an exploratory search for proven or probable reserves which can be marketed. The areas presently being assessed by the Company may not contain economically recoverable volumes of oil or gas. The operations of the Company may be disrupted by a variety of risks and hazards which are beyond the control of the Company, including labour disruptions, the inability to obtain suitable or adequate machinery, equipment or labour and other risks involved in the conduct of exploration programs. Once economically recoverable reserves are found, substantial expenditures are required to establish a marketing process.  The economics of developing oil and gas properties is affected by many factors including the cost of operations, fluctuations in the price of the commodities produced, costs of processing equipment, pipeline shut-ins and high line pressure and such other factors as government regulations, including regulations relating to environmental protection.

Financing Risks

The Company has limited financial resources, has limited sources of operating cash flow and has no assurance that additional funding will be available to it for further exploration and development of its projects. Further exploration and development of one or more of the Company’s properties will be dependent upon the Company’s ability to obtain financing through joint venturing, equity or debt financing or other means, and although the Company has been successful in the past in obtaining financing through the sale of equity securities, there can be no assurance that the Company will be able to obtain adequate financing in the future or that the terms of such financing will be favorable. Failure to obtain such additional financing could result in delay or indefinite postponement of further exploration and development of its projects.

Competition

The Company competes with many companies that have substantially greater financial and technical resources than the Company for the acquisition and exploration of oil and gas properties as well as for the recruitment and retention of qualified employees.

Environment and other Regulatory Requirements

The activities of the Company are subject to environmental regulations promulgated by government agencies from time to time. Environmental legislation generally provides for restrictions and prohibitions on spills, releases or emissions of various substances produced in association with certain oil and gas industry operations.  Environmental legislation is evolving in a manner which means stricter standards, and enforcement, fines and penalties for non-compliance are more stringent. Environmental assessments of proposed projects carry a heightened degree of responsibility for companies and directors, officers and employees. The cost of compliance with changes in governmental regulations has a potential to reduce the profitability of operations.

Companies engaged in exploration activities generally experience increased costs and delays as a result of the need to comply with applicable laws, regulations, and permits. There can be no assurance that all permits which the Company may require for exploration and development of its properties will be obtainable on reasonable terms or on a timely basis, or that such laws and regulations would not have an adverse effect on any project that the Company may undertake. The Company believes it is in substantial compliance with all material laws and regulations which currently apply to its activities. However, there may be unforeseen environmental liabilities resulting from exploration activities and these may be costly to remedy.

Failure to comply with applicable laws, regulations, and permitting requirements may result in enforcement actions there under, including orders issued by regulatory or judicial authorities casing operations to cease or be curtailed, and may include corrective measures requiring capital expenditures, installation of additional equipment, or remedial actions. Parties engaged in exploration operations may be required to compensate those suffering loss or damage by reason of the exploration activities and may have civil or criminal fines or penalties imposed for violations of applicable laws or regulations and, in particular, environmental laws.

Amendments to current laws, regulations and permits governing operations and activities of exploration companies, or more stringent implementation thereof, could have a material adverse impact on the Company and cause increases in expenditures and costs or require abandonment or delays in developing new properties.

Title matters

Title to and the area of oil and gas concessions may be disputed. Although the Company has taken steps to verify the title to properties in which it has an interest, in accordance with industry standards for the current state of exploration of such properties, these procedures do not guarantee the Company’s title. Property title may be subject to unregistered prior agreements or transfers and title may be affected by undetected defects.

Dependence on Key Personnel

The Company’s development to date has largely depended, and in the future will continue to depend, on the efforts of key management. Loss of any of these people could have a material adverse effect on the Company and its business. The Company has not obtained key-person insurance in respect of any directors and other employees.

Share Price Fluctuations

In recent years, the securities markets have experienced a high level of price and volume volatility, and the market price of securities of many companies, particularly those considered development-stage companies such as the Company, have experienced wide fluctuations in price which have not necessarily been related to the underlying asset values or prospects of such companies. Price fluctuations will continue to occur in the future.

No Dividends

Investors cannot expect to receive a dividend on their investment in the Company in the foreseeable future, if ever. Investors should not expect to receive any return on their investment in the Company’s securities other than possible capital gains.

Competitive Conditions

The oil and gas business is competitive in all phases of exploration, development and production. The Company competes with a number of other entities in the search for and the acquisition of productive oil and gas properties. As a result of this competition, the majority of which is with companies with greater financial resources than the Company, the Company may be unable to acquire attractive properties in the future on terms it considers acceptable. Finally, the Company competes with other resource companies, many of whom have greater financial resources and/or more advanced properties that are better able to attract equity investments and other capital.

The ability of the Company to acquire properties depends on its success in exploring and developing its present properties and on its ability to select, acquire, and bring to production suitable properties or prospects for oil and gas exploration and development.  Factors beyond the control of the Company may affect the marketability of resources discovered by the Company.  Oil and gas prices have historically been subject to fluctuations and are affected by numerous factors beyond the control of the Company.

SUMMARY OF QUARTERLY RESULTS

The following is a summary of selected financial data for the Company for its last eight

completed quarters ending October 31, 2007.

Item	2007 Oct. 31, Q2	2007 Jul. 31, Q1	2007 Apr. 30, Q4	2007 Jan. 31, Q3	2006 Oct. 31, Q2	2006 Jul. 31, Q1	2006 Apr. 30, Q4	2006 Jan. 31, Q3
Cash and cash equivalents	762,169	2,643,565	3,599,908	3,210,942	139,946	3,242,212	2,777,927	1,069,316
Working capital	(1,131,527)	2,128,228	2,634,320	1,719,721	(1,505,659)	1,258,918	1,688,082	1,089,081
Net loss	1,099,295	1,180,308	4,532,959	406,898	558,953	476,691	615,071	50,435
Loss per share and diluted loss per share	0.03	0.03	0.17	0.01	0.02	0.02	.074	0.006
Total assets	20,268,443	18,189,392	18,455,073	20,457,288	15,192,184	15,496,532	8,573,329	1,467,374

Corporate Structure

The Company was incorporated under the laws of the Province of British Columbia on October 6, 2003.  On July 19, 2006, the Company changed its name from Leroy Ventures Inc. to Unbridled Energy Corporation.  The Company’s head office is located at 2424 4^th Street SW, Calgary, Alberta T2S 2T4 with a satellite office at 2100 Georgetowne Drive, Suite 301, Sewickley, Pennsylvania 15143, USA.  

Unbridled Energy’s registered office is located in the offices of Bull, Housser & Tupper LLP, Suite 3000, 1055 West Georgia Street, Vancouver, British Columbia V6E 3R3.  

The results of operations reflect the costs of oil and gas property acquisitions, exploration expenses, plus costs incurred by the Company to maintain its properties in good standing with the various regulatory authorities, and for administrative infrastructure to manage the acquisition, exploration, and financing activities of the Company.  General and administrative costs can be expected to increase or decrease in relation to the changes in activity required as property acquisitions and exploration continue.  General and administrative costs are reduced by interest earned on bank accounts and short term investments.  During the period ended October 31, 2007, the Company recorded net revenue of $53,032 from its oil and gas properties.

Three Months Ended October 31, 2007 versus 2006 for oil and gas expenditures

	2007  $	2006  $
Acquisition costs	299,831	281,420
Asset retirement obligation costs	6,000
Drilling	2,593,364	2,056,146
Equipment	(1,350)	47,996
Geological and geophysics	63,528	371,926
General exploration expenses		18,978
Other fixed assets	7,431
Total Oil and Gas Property Costs	2,968,804	2,776,466

The general and corporate expenses for the three months ended October 31, 2007 were $1,099,267 (2006: $460,818).  The significant expenses are as per the following table:

	3 Months ended Oct. 31
General and Corporate	2007  $	2006  $
Financial marketing	100,938	49,757
Accounting and audit fees	68,201	37,550
Bank charges and interest	377	430
Consulting	45,781	74,283
Foreign exchange loss (gain)	38,509
Investor relations	20,350	15,250
Legal fees	2,335	124,559
Management fees		17,800
Office and miscellaneous	90,161	128,893
Payroll Professional fees	182,339 81,805
Regulatory and transfer agent fees	22,478	12,296
Rent	69,611
Stock-based compensation	313,243
Travel and promotion	63,139
	1,099,267	460,818

In general, the second quarter General Corporate activity costs increased compared to previous quarters due to increased activities in a number of categories.  These categories all increased due to the increased level of corporate and field activity as a result of the increase in oil and gas acquisitions and exploration and the requirement for additional personnel and office facilities.

For the 2007 year, General and Administrative costs increased substantially over the 2006 total.  The majority of the cost increase was due to the following:

•

Financial marketing increased by $242,550 and consulting increased by $46,402 and accounting fees increased by $80,117 and payroll and rent, which were non-existent in the past, increased by $287,235 and $124,681 from the previous year, all due to the increased level of corporate activity and financings required for property acquisitions in the oil and gas exploration field.

•

Stock-based compensation increased by $632,922 due to increase in stock options granted to directors, officers and consultants.  

LIQUIDITY

General

The activities of the Company, principally the acquisition and exploration of mineral and oil and gas properties, are financed through the completion of equity offerings involving the sale of equity securities.  These equity offerings generally include private placements and the exercise of warrants and options.  Since the Company is a junior resource exploration company, the Company does not have the usual ability to generate sufficient amounts of cash and cash equivalents in the short term.  To maintain the Company's capacity, to meet planned growth, or to fund further development activities, the Company must utilize its current cash reserves, income from investments, and cash from the sale of securities.  This may change in the future if the Company is successful in realizing income from its carried interests in its recently acquired oil and gas properties.  The Company is currently investigating the use of vari ous financing alternatives to fund the development of the Company’s properties.

As of October 31, 2007, the Company had $762,169 in cash and cash equivalents (April 2007: $3,599,908) and a working capital of $(1,131,527) compared to the previous year’s working capital of $(1,505,659).

There are 17,165,577 shares issuable from outstanding warrants (2006: 8,078,750) at exercise prices from $0.55 to $1.31, which if fully exercised, would raise $15,272,210 (2006: $11,087,000).  There are also 2,865,000 share purchase options outstanding (2006: 2,200,000) with a weighted average exercise price of $1.11 which would contribute $3,179,250 (2006: $2,944,500) if exercised in full.

The Company’s acquisition costs for resource properties for the quarter ended October 31, 2007 was $299,831 (2006: $281,240) as a result of the oil and gas property acquisitions.  The Company had no debt as of October 31, 2007 and its credit and interest rate risk are limited to interest bearing assets of cash and cash equivalents, and short-term investments.  Accounts payable and accrued liabilities are short-term and non-interest bearing.

Other

The Company does not have commitments, events, risks or uncertainties that management reasonably believes will materially affect the Company's future performance including losses before discontinued operations and extraordinary items.  

There are no defaults or arrears or anticipated defaults or arrears on dividend payments, lease payments, interest or principal payment on debt, debt covenants, and redemption or retraction or sinking fund payments.  There have been no unusual or infrequent events or transactions over the past year.

Based on the Company’s operating history and management’s knowledge of expected events, only minor fluctuations and no major change in liquidity requirements are expected.  Liquidity risk with financial instruments is minimal as excess cash is invested in highly liquid securities and receivables are mainly comprised of GST recoveries.

In terms of the Company’s ability to generate sufficient amounts of cash and cash equivalents, sources of funding are limited to private and/or public placements and debt financing since the Company is a junior exploration company with limited revenues from its New York property at this time.  The main circumstance that could change this would be additional revenues when the Company starts producing the Chambers wells in Canada, plus drilling/completing a successful new well in Chambers, plus drilling new wells on its New York and Ohio properties.  

CAPITAL RESOURCES

The Company’s capital expenditure commitments as of the fiscal period ended October 31, 2007 is dependent on a number of factors.  The discovery, development and acquisition of mineral and oil and gas properties are in many instances unpredictable events. Future commodity prices, the success of exploration programs and other property transactions can have a significant impact on capital requirements. The Company expects to receive significant income from its oil and gas properties in the near future but there is no assurance that this will be the case.  Should the Company decide to further develop any of its properties or acquire new properties, the Company may fund its capital requirements by arranging further equity financing, issuing long term debt, arranging joint ventures with other companies, or through a combination of the above.

The principal activity of the Company is oil and gas exploration and development and it is inherently risky.  Exploration is also capital intensive and the Company currently has no source of income other than those described above.  Only the skills of its management and staff in oil and gas exploration and exploration financing serve to mitigate these risks and therefore are one of the main assets of the Company.

OFF-BALANCE SHEET TRANSACTIONS

The Company has not entered into any off-balance sheet transactions.

TRANSACTIONS WITH RELATED PARTIES

During the quarter, the Company had the following transactions with officers and directors and other companies with which officers or directors are related:

	October        2007	31,          2006
Accounting fees	$ -	$ 9,000
Administration fees	8,130	-
Consulting fees	15,990	-
Course and convention fees	2,374	-
Dues and membership fees	4,666	-
Legal fees	12,324	3,210
Management fees	15,000	15,000
Office	1,727	-
	60,211	$ 27,210

SIGNIFICANT ACCOUNTING POLICIES

Changes in Accounting Policies including Initial Adoption

The Company has adopted the recommendations of the Canadian Institute of Chartered Accountants ("CICA") handbook Section 3870 with respect to Stock-Based Compensation awards to employees of the Company.

This Section establishes standards for the recognition, measurement and disclosure of stock-based compensation and other stock-based payments made in exchange for goods and services. These new recommendations required that compensation for all awards be measured and recorded in the financial statements at fair value for fiscal years beginning on or after January 1, 2004.

Oil and Gas Properties

The Company follows the full cost method of accounting for oil and gas operations whereby all costs of exploring for and developing petroleum and natural gas reserves are initially capitalized.  Such costs include land acquisition costs, geological and geophysical expenses, carrying charges on non-producing properties, costs of drilling and overhead charges directly related to acquisition and exploration activities.  These capitalized costs, together with the costs of production equipment, are depleted and amortized on the unit-of-production method based on the estimated gross proved reserves as determined by independent petroleum engineers.  Petroleum products and reserves are converted to a common unit of measurement on the basis of their relative energy content where six thousand cubic feet of gas equals to one barrel of oil.  

Costs of acquiring and evaluating unproved properties are initially excluded from depletion calculations. These unevaluated properties are assessed periodically to ascertain whether impairment has occurred.  When proved reserves are assigned or the property is considered to be impaired, the cost of the property or the amount of the impairment is added to costs subject to depletion calculations.

Environmental and Land Reclamation Costs

The fair value of liabilities for asset retirement obligations will be recognized in the period in which they are incurred.  A corresponding increase to the carrying amount of the related asset (where one is identifiable) is recorded and amortized over the life of the asset, when production commences.  Prior to commercial productions, future site disturbances will be addressed and an accrual for the remediation costs will be established.

During the course of acquiring, exploring and developing potential mining and oil and gas properties, the Company must comply with government regulated environmental evaluation, updating and reclamation requirements.  To date, no significant disturbances have occurred nor have any physical structures been constructed.  The costs of complying with these requirements are capitalized as incurred, as deferred costs until such time as the properties are put into commercial production, at which time the costs incurred will be charged to operations on a unit-of-production basis over the estimated mine life.  Upon abandonment or sale of a property, all deferred costs relating to the property will be expended in the year of such abandonment or sale.  

FINANCIAL INSTRUMENTS

The Company’s financial instruments consist of cash, accounts payable and accrued liabilities.  Unless otherwise noted, it is Management’s opinion that the Company is not exposed to significant interest, currency or credit risks arising from the financial instruments.

OTHER

Shares issued and outstanding

As at October 31, 2007, the Company had 44,533,968 shares issued and outstanding and 64,564,545 fully diluted shares outstanding.  As at the date of this MD&A, December 21, 2007, the total number of shares issued and outstanding is 44,533,968.

Disclosure for Venture Issuers without Significant Revenue

Additional disclosure concerning the Company’s general and administrative expenses and resource property costs is provided in the Company’s Statement of Operations and the accompanying notes contained in its unaudited Financial Statements for October 31, 2007 that is available on its SEDAR Page Site accessed through www.sedar.com.

Disclosure Controls and Procedures

Pursuant to Multilateral Instrument 52-109 Certification of Disclosures in Issuers’ Annual and Interim Filings, the Company’s Chief Executive Officer (“CEO”) and Chief Financial Officer (“CFO”) and other key management personnel have conducted an evaluation of the effectiveness of the Company’s disclosure controls and procedures. Based on this evaluation, the CEO and CFO have concluded that the design and operation of the Company’s disclosure controls and procedures were effective as at October 31, 2007, to provide reasonable assurance that all material financial information relating to the Company was made known to the CEO and CFO by others within the Company in order for them to complete their analysis and review of the financial position and results of the Company for the period ended October 31, 2007.

The Company evaluated the design of its internal controls over financial reporting as defined in Multilateral Instrument 52-109 for the period ended October 31, 2007 and based on this evaluation have determine these controls to be effective except as noted in the following paragraph.

This evaluation of the design of internal controls over financial reporting for the Company resulted in the identification of internal control deficiencies which are not atypical for a company of this size including lack of segregation of duties due to a limited number of employees dealing with accounting and financial matters and insufficient in-house expertise to deal with complex accounting, reporting and taxation issues.  Until additional competent personnel are recruited, the internal control deficiencies noted above will continue to exist.

Approval

The Audit Committee members of the Company have approved the disclosure contained in this annual MD&A.  

This MD&A is available on Unbridled’s SEDAR Page Site accessed through www.sedar.com.

EX-99.4

#

FORM 52-109F2 – CERTIFICATION OF INTERIM FILINGS

I, Joseph H. Frantz Jr., Chief Executive Officer of Unbridled Energy Corporation, certify that:

1.

I have reviewed the interim filings (as this term is defined in Multilateral Instrument 52-109 Certification of Disclosure in Issuers’ Annual and Interim Filings) of Unbridled Energy Corporation (the issuer) for the period ending October 31, 2007;

2.

Based on my knowledge, the interim filings do not contain any untrue statement of a material fact or omit to state a material fact required to be stated or that is necessary to make a statement not misleading in light of the circumstances under which it was made, with respect to the period covered by the interim filings;

3.

Based on my knowledge, the interim financial statements together with the other financial information included in the interim filings fairly present in all material respects the financial condition, results of operations and cash flows of the issuer, as of the date and for the periods presented in the interim filings;

4.

The issuer’s other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures and internal control over financial reporting for the issuer, and we have:

(a)

designed such disclosure controls and procedures, or caused them to be designed under our supervision, to provide reasonable assurance that material information relating to the issuer, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which the interim filings are being prepared; and

(b)

designed such internal control over financial reporting, or caused it to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with the issuer’s GAAP; and

5.

I have caused the issuer to disclose in the interim MD&A any change in the issuer’s internal control over financial reporting that occurred during the issuer’s most recent interim period that has materially affected, or is reasonably likely to materially affect, the issuer’s internal control over financial reporting.

Date:

December 24, 2007

“Joseph H. Frantz Jr.”

Joseph H. Frantz Jr.,

Chief Executive Officer

/

EX-99.5

FORM 52-109F2 – CERTIFICATION OF INTERIM FILINGS

I, J. Michael Scureman, Chief Financial Officer of Unbridled Energy Corporation, certify that:

1.

I have reviewed the interim filings (as this term is defined in Multilateral Instrument 52-109 Certification of Disclosure in Issuers’ Annual and Interim Filings) of Unbridled Energy Corporation (the issuer) for the period ending October 31, 2007;

2.

Based on my knowledge, the interim filings do not contain any untrue statement of a material fact or omit to state a material fact required to be stated or that is necessary to make a statement not misleading in light of the circumstances under which it was made, with respect to the period covered by the interim filings;

3.

Based on my knowledge, the interim financial statements together with the other financial information included in the interim filings fairly present in all material respects the financial condition, results of operations and cash flows of the issuer, as of the date and for the periods presented in the interim filings;

4.

The issuer’s other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures and internal control over financial reporting for the issuer, and we have:

(a)

designed such disclosure controls and procedures, or caused them to be designed under our supervision, to provide reasonable assurance that material information relating to the issuer, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which the interim filings are being prepared; and

(b)

designed such internal control over financial reporting, or caused it to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with the issuer’s GAAP; and

5.

I have caused the issuer to disclose in the interim MD&A any change in the issuer’s internal control over financial reporting that occurred during the issuer’s most recent interim period that has materially affected, or is reasonably likely to materially affect, the issuer’s internal control over financial reporting.

Date:

December 24, 2007

“J. Michael Scureman”

J. Michael Scureman,

Chief Financial Officer