Chesapeake Energy 2005 Annual Report Download - page 23

CORPORATE AND SECURITIES INFORMATION
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 statements 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 and expected future expenses. 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 uncertainties. Factors that could cause actual results to differ materially from expected results are described under “Risk Factors” in Item 1A of our 2005 Annual Report on Form 10-K filed
with the Securities and Exchange Commission on March 14, 2006. 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 value 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; 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 other filings with the Securities and Exchange Commission that attempt to advise interested parties of the risks and factors that may affect our business.
The SEC has generally permitted oil and gas companies, in filings made with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to
be economically and legally producible under existing economic and operating conditions. We use the terms "probable", "possible" or “unproved” to describe volumes of reserves potentially recoverable through
additional drilling or recovery techniques that the SEC's guidelines may prohibit us from including in filings with the SEC. These estimates are by their nature more speculative than estimates of proved reserves and
accordingly are subject to substantially greater risk of being actually realized by the company. While we believe our calculations of unproved drillsites and estimation of unproved reserves have been appropriately
risked and are reasonable, such calculations and estimates have not been reviewed by third party engineers or appraisers.
CORPORATE HEADQUARTERS
6100 North Western Avenue
Oklahoma City, Oklahoma 73118
[phone]
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 (NYSE) under the symbol CHK. As of March 31, 2006, there were
approximately 318,000 beneficial owners of our common stock.
COMMON STOCK DIVIDENDS
During 2005, the company declared a cash dividend of $0.045 per share on March
11 and $0.05 per share on June 10, September 26 and December 21 for a total
dividend declared of $0.195 per share.
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.
P. O. Box 419064
Kansas City, Missouri 64141-6064
[phone] or [phone]
TRUSTEE FOR THE COMPANY’S SENIOR NOTES
The Bank of New York Trust Company, N.A.
101 Barclay Street, 8th Floor
New York, New York 10286
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, 2005
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 NYSE the 2005 annual certification
of its Chief Executive Officer confirming that the Company has complied with the
NYSE corporate governance listing standards.
STOCK PRICE DATA
2006 High Low Last
First Quarter $35.57 $27.80 $31.41
2005 High Low Last
Fourth Quarter $40.20 $26.59 $31.73
Third Quarter 38.98 22.90 38.25
Second Quarter 24.00 17.74 22.80
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
STOCK SPLIT HISTORY
December 1996: two-for-one
June 1996: three-for-two
December 1995: three-for-two
December 1994: two-for-one