[KaneKungFu123]

CHK

Entrepreneurial Management . Our management team formed the company in 1989 with an initial capitalization of $50,000 and fewer than ten employees. Since then, our management team has guided the company through various operational and industry challenges and extremes of oil and gas prices to create the second largest independent producer of natural gas in the U.S. with approximately 2,800 employees and an enterprise value of approximately $18.8 billion (based on a common stock price of $31.00 per share and pro forma for this offering). Our co-founders, Aubrey K. McClendon and Tom L. Ward, have been business partners in the oil and gas industry for 22 years and beneficially owned, as of
November 30, 2005, approximately 21.0 million and 21.3 million shares of our common stock, respectively. Messrs. (((((McClendon and Ward each intend to purchase 500,000 shares of common stock in this offering at the price offered to the public.)))))