Chesapeake Energy 2004 Annual Report Download - page 21

Stock Price Data
2005 High Low Last
First Quarter $23.65 $15.06 $21.94
2004 High Low Last
Fourth Quarter $18.31 $15.17 $16.50
Third Quarter 16.24 13.69 15.83
Second Quarter 15.05 12.68 14.72
First Quarter 13.98 11.70 13.40
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
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.
Common Stock
Chesapeake Energy Corporation’s common stock is listed on the
New York Stock Exchange under the symbol CHK. As of March 31,
2005, there were approximately 150,000 beneficial owners of our
common stock.
Common Stock Dividends
During 2004, the company paid a cash dividend of $0.035 per share
on January 15 and April 15 and $0.045 per share on July 15 and
October 15.
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
Communication concerning the transfer of shares, lost certificates,
duplicate mailings or change of address notifications should be
directed to the transfer agent.
UMB Bank, N.A.
928 Grand Blvd.
Kansas City, Missouri 64106
[phone] or [phone]
SEC and NYSE Certifications
The Form 10-K, included herein, which was filed by the Company
with the Securities and Exchange Commission (SEC) for the fiscal
year ending December 31, 2004 includes as exhibits, the certifications
of our Chief Executive Officer and Chief Financial Officer required
to be filed with the SEC pursuant to Section 302 of the Sarbanes-
Oxley Act. The Company has also filed with the New York Stock
Exchange (NYSE) the 2004 annual certification of its Chief Executive
Officer confirming that the Company has complied with the NYSE
corporate governance listing standards.
Forward-Looking Statements
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
estimates of oil and gas reserves, expected oil and gas production and future expenses,
projections of future oil and gas prices, planned capital expenditures for drilling, leasehold
acquisitions and seismic data, and statements concerning anticipated cash flow and liquidity,
business strategy and other plans and objectives for future operations. Disclosures concerning
the fair value 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. Our production forecasts are dependent upon many
assumptions, including estimates of production decline rates from existing wells and the
outcome of future drilling activity.
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
uncertainties. Factors that could cause actual results to differ materially from expected
results are described under “Risk Factors” in item 1 of our 2004 Annual Report on Form
10-K filed with the Securities and Exchange Commission on March 9, 2005. They include
the volatility of oil and gas prices; adverse effects our level of indebtedness could have on
our operations and future growth; our ability to compete effectively against strong independent
oil and gas companies and majors; the availability of capital on an economic basis to fund
reserve replacement costs; uncertainties inherent in estimating quantities of oil and gas
reserves and projecting future rates of production and the timing of development expenditures;
our ability to replace reserves and sustain production; uncertainties in evaluating oil and
gas reserves of acquired properties and associated potential liabilities; unsuccessful exploration
and development drilling; declines in the values of our oil and gas properties resulting in
ceiling test write-downs; lower prices realized on oil and gas sales and collateral required
to secure hedging liabilities resulting from our commodity price risk management activities;
and drilling and operating risks.
We caution you not to place undue reliance on these forward-looking statements, and we
undertake no obligation to update this information. We urge you to carefully review and
consider the disclosures made in this report and our filings with the Securities and Exchange
Commission that attempt to advise interested parties of the risks and factors that may affect
our business.
Corporate Information