Chesapeake Energy 2000 Annual Report Download - page 94

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REPORT OF INDEPENDENT ACCOUNTANTS
To the Board of Directors and
Stockholder of Gothic Energy Corporation
In our opinion, the accompanying consolidated balance sheets and the related consolidated statements of
operations, stockholders' equity (deficit) and cash flows present fairly, in all material respects, the financial position
of Gothic Energy Corporation ("Gothic") and Subsidiary at December 31, 1999 and 2000, and the results of their
operations and their dash flows for each of the three years in the period ended December 31, 2000, in conformity
with accounting principles generally accepted in the United States of America. These financial statements are the
responsibility of Gothic's management; our responsibility is to express an opinion on these financial statements
based on our audits. We conducted our audits of these financial statements in accordance with auditing standards
generally accepted in the United States of America which require that we plan and perform the audits 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 our opinion.
Chesapeake Energy Corporation ("Chesapeake") acquired all of the outstanding common stock and related
outstanding warrants and options to acquire common stock of Gothic and Gothic was merged into a wholly owned
subsidiary of Chesapeake.
PricewaterhouseCoopers LLP
Tulsa, Oklahoma
February 26, 2001
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