Chesapeake Energy 1999 Annual Report Download - page 41

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REPORT OF INDEPENDENT ACCOUNTANTS
To the Board of Directors and Stockholders
of Chesapeake Energy Corporation
In our opinion, the consolidated financial statements listed in the accompanying index present fairly, in all
material respects, the financial position of Chesapeake Energy Corporation and its subsidiaries (the "Company") at
December 31, 1999 and 1998, and the results of their operations and their cash flows for the years ended December
31, 1999 and 1998, the six months ended December 31, 1997, and the year ended June 30, 1997, in conformity with
accounting principles generally accepted in the United States. In addition, in our opinion, the financial statement
schedule listed in the accompanying index presents fairly, in all material respects, the information set forth therein
when read in conjunction with the related consolidated financial statements. These financial statements and financial
statement schedule are the responsibility of the Company's management; our responsibility is to express an opinion
on these fmancial statements and financial statement schedule based on our audits. We conducted our audits of these
financial statements in accordance with auditing standards generally accepted in the United States, which require that
we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of
material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and
disclosures in the financial statements, assessing the accounting principles used and significant estimates made by
management, and evaluating the overall financial statement presentation. We believe that our audits provide a
reasonable basis for the opinion expressed above.
PRICEWATERFIOUSECOOPERS LLP
Oklahoma City, Oklahoma
March 24, 2000
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