OKLAHOMA CITY, June 5 /PRNewswire-FirstCall/ -- Chesapeake Energy
Corporation (NYSE: CHK) today announced that it has extended to 5:00 p.m.,
Eastern Time, on June 9, 2006, its offer to exchange its 6.875% Senior
Notes due 2020 that have been registered under the Securities Act of 1933
for any and all of its outstanding 6.875% Senior Notes due 2020 that were
issued on November 8, 2005 in a private offering. The exchange offer had
been scheduled to expire at 5:00 p.m., Eastern Time, on June 2, 2006. As of
5:00 p.m., Eastern Time, on June 2, 2006, approximately $499 million in
aggregate principal amount of notes (out of $500.0 million aggregate
principal amount outstanding) had been tendered in the exchange offer.
This press release shall not constitute an offer to purchase or
exchange nor the solicitation of an offer to exchange any securities. The
exchange offer is being made solely by a prospectus dated May 4, 2006 of
Chesapeake Energy Corporation, including any supplements thereto, and is
subject to certain conditions specified therein.
For additional information about the exchange offer, including requests
for assistance or copies of the prospectus referred to above, contact the
Exchange Agent, The Bank of New York Trust Company N.A., Corporate Trust
Department, Reorganization Unit, 101 Barclay Street-7 East, New York, New
York, 10286, Attention: David Mauer (Facsimile: 212-298-1915; Telephone:
212- 815-3687).
Holders of notes who do not tender before 5:00 p.m., Eastern Time, on
June 9, 2006, will continue to hold unregistered securities and will have
no right to compel the registration of their notes under the Securities Act
of 1933.
Chesapeake Energy Corporation is the second largest independent
producer of natural gas in the U.S. Headquartered in Oklahoma City, the
company's operations are focused on exploratory and developmental drilling
and corporate and property acquisitions in the Mid-Continent, Permian
Basin, South Texas, Texas Gulf Coast, Barnett Shale, Ark-La-Tex and
Appalachian Basin regions of the United States. The company's Internet
address is http://www.chkenergy.com.
SOURCE Chesapeake Energy Corporation
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Related links:
http://www.chkenergy.com
CONTACT:
Jeffrey L. Mobley, CFA, Senior Vice President
- Investor Relations and Research, +1-405-767-4763,
jmobley@chkenergy.com, or Marc Rowland, Executive Vice President
and Chief Financial Officer, +1-405-879-9232,
mrowland@chkenergy.com, both of Chesapeake Energy Corporation
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