Chesapeake Energy 2003 Annual Report Download - page 15

Stock Price Data
2003 High Low Last
Fourth Quarter $14.00 $ 10.66 $ 13.58
Third Quarter 10.97 9.17 10.78
Second Quarter 11.45 7.45 10.10
First Quarter 8.64 7.27 7.86
2002 High Low Last
Fourth Quarter $8.06 $ 5.89 $ 7.74
Third Quarter 7.25 4.50 6.60
Second Quarter 8.55 6.81 7.20
First Quarter 7.78 5.05 7.74
Stock Split History
December 1996; two-for-one
June 1996; three-for-two
December 1995; three-for-two
December 1994; two-for-one
Trustee for the Company’s Senior Notes
The Bank of New York
101 Barclay Street, 8th Floor
New York, New York 10286
Internet Address
Company financial information, public disclosures and
other information are available through Chesapeake’s
website at www.chkenergy.com, or by contacting Thomas S.
Price, Jr., at [phone] or [e-mail].
Common Stock
Chesapeake Energy Corporation’s common stock is listed on
the New York Stock Exchange under the symbol CHK. As of
March 31, 2004, there were approximately 77,000 beneficial
owners of our common stock.
Common Stock Dividends
The company currently pays quarterly cash dividends on its
common stock each January 15, April 15, July 15 and
October 15. During 2003, the company paid a cash divi-
dend of $0.03 per share on January 15 and April 15 and
$0.035 per share on July 15 and October 15.
Foward Looking Statement
This report includes “forward-looking statements” within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. Forward-looking statements give our
current expectations or forecasts of future events. They include state-
ments regarding oil and gas reserve estimates, planned capital
expenditures, the drilling of oil and gas wells and future acquisitions,
expected oil and gas production, cash flow and anticipated liquidity,
business strategy and other plans and objectives for future operations,
expected future expenses and utilization of net operating loss carry-
forwards. Statements concerning the fair values of derivative contracts
and their estimated contribution to our future results of operations are
based upon market information as of a specific date. These market
prices are subject to significant volatility.
Although we believe the expectations and forecasts reflected in these
and other forward-looking statements are reasonable, we can give no
assurance they will prove to have been correct. They can be affected
by inaccurate assumptions or by known or unknown risks and uncer-
tainties. Factors that could cause actual results to differ materially from
expected results are described under “Risk Factors” in Item 1 of our
2003 10-K and include: the volatility of oil and gas prices, our sub-
stantial indebtedness, the strength and financial resources of our com-
petitors, the cost and availability of drilling and production services,
our commodity price risk management activities, including counter-
party contract performance risk, uncertainties inherent in estimating
quantities of oil and gas reserves, projecting future rates of production
and the timing of development expenditures, our ability to replace
reserves, the availability of capital, uncertainties in evaluating oil and
gas reserves of acquired properties and associated potential liabilities,
declines in the values of our oil and gas properties resulting in ceiling
test write-downs, drilling and operating risks, our ability to generate
future taxable income sufficient to utilize our NOLs before expiration,
future ownership changes which could result in additional limitations to
our NOLs, adverse effects of governmental and environmental regula-
tion, losses possible from pending or future litigation, and the loss of
officers or key employees.
We caution you not to place undue reliance on these forward-looking
statements, which speak only as of the date of our 2003 10-K, and we
undertake no obligation to update this information. We urge you to
carefully review and consider the disclosures made in this and our
other reports filed with the Securities and Exchange Commission that
attempt to advise interested parties of the risks and factors that may
affect our business.
Corporate Information
Corporate Headquarters
6100 North Western Avenue
Oklahoma City, Oklahoma 73118
[phone]
Independent Public
Accountants
PricewaterhouseCoopers LLP
6120 S. Yale, Suite 1850
Tulsa, Oklahoma 74136
[phone]
Stock Transfer Agent
and Registrar
UMB Bank, N.A.
928 Grand Blvd.
Kansas City, Missouri 64106
[phone]
Communication concerning the transfer
of shares, lost certificates, duplicate mail-
ings or change of address notifications
should be directed to the transfer agent.