This excerpt taken from the CHK 8-K filed Nov 1, 2005.
Swap Positions as of October 3, 2005
Depending on changes in oil and natural gas futures markets and managements view of underlying oil and natural gas supply and demand trends, Chesapeake may either increase or decrease its hedging positions at any time in the future without notice.
The companys updated 2005, 2006 and 2007 forecasts are attached to this release in an Outlook dated October 31, 2005 labeled as Schedule A. This Outlook has been changed from the Outlook dated October 3, 2005 (attached as Schedule B for investors convenience) to reflect updated information resulting from the companys operational performance during the third quarter. In addition, the company is providing its initial 2007 forecast, which features projected organic growth of 7% and relatively modest operating cost increases.