Chesapeake Energy Corporation Announces 2008 Investor and Analyst Meeting Major Topics

Chesapeake Energy Corporation (NYSE:CHK) today announced a listing of major topics that will be addressed at its 2008 Investor and Analyst Meeting that will be held in Oklahoma City, OK on October 15 and 16, 2008. Financial Topics Sale of Leasehold and Producing Properties: Chesapeake continues to make progress in its previously announced plans to sell certain leasehold and producing properties to build its cash reserves during the ongoing financial market crisis. The company is planning to generate cash proceeds of $2.5-3.0 billion in the 2008 fourth quarter from the sale of a 25% interest in the Marcellus Shale, the sale of leasehold and associated production in three other areas and the sale of its fourth volumetric production payment (VPP), all of which are currently underway. In addition, the company is also engaged in... [read full story]