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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25 SEC File Number
1-13726
NOTIFICATION OF LATE FILING
For Period Ended: December 31, 1997
(Check one): Form 10-K Form 20-F X - Form 11-K Form 10-Q Form N-SAR
If the notification relates to a portion of the filing checked above, identify
the item(s) to which the notification relates:
PART I - REGISTRANT INFORMATION
CHESAPEAKE ENERGY CORPORATION
SAVINGS AND INCENTIVE STOCK BONUS PLAN
(Exact name of registrant as specified in its charter)
6100 North Western Avenue
Oklahoma City, Oklahoma 73118
(Address of principal executive office)
PART II - RULES 12b-25(b) AND (c)
If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed. (Check box if appropriate) X
(a) The reasons described in reasonable detail in Part III of this form
could not be eliminated without unreasonable effort or expense;
(b) The subject annual report will be filed on or before the fifteenth
calendar day following the prescribed due date; and
(c) The accountant's statement or other exhibit required by Rule
12b-25(c) has been attached, if applicable.
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PART III - NARRATIVE
State below in reasonable detail the reasons why the Form 11-K could not be
filed within the prescribed time period.
Additional information must be obtained in order for the accountants to complete
their report and file a complete and accurate Form 11-K.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Janice A. Dobbs (405) 848-8000, Ext. 212
Corporate Secretary (Area Code) (Telephone Number)
(Name)
(2) Have all other periodic reports required under Section 13 or 15(d) of
the Securities Exchange Act of 1934 been filed? If answer is no, identify
report(s). X Yes No
(3) Is it anticipated that any significant change in results of operations
from the corresponding period for the last fiscal year will be reflected by the
earnings statements to be included in the subject report or portion thereof? Yes
X No
If so, attach an explanation of the anticipated change, both narratively and
quantitatively, and, if appropriate, state the reasons why a reasonable estimate
of the results cannot be made.
EXHIBITS
99 Independent Auditors' Letter accompanying Form 12b-25
SIGNATURES
CHESAPEAKE ENERGY CORPORATION SAVINGS AND INCENTIVE STOCK BONUS PLAN has caused
this notification to be signed on its behalf by the undersigned thereunto duly
authorized.
By:
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Janice A. Dobbs
Corporate Secretary
Date: June 29, 1998
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EXHIBIT INDEX
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Exhibit No. Description Method of Filing
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99 Independent Auditors' Letter Filed herewith electronically
accompanying Form 12b-25
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EXHIBIT 99
[COOPERS & LYBRAND L.L.P. LETTERHEAD]
June 29, 1998
Ms. Janice Dobbs
Chesapeake Energy Corporation
6100 N. Western Avenue
Oklahoma City, OK 73118
Dear Ms. Dobbs:
You have furnished us with a copy of your "Notification of Late Filing" on Form
12b-25 dated June 29, 1998.
We are in agreement with the comments under Part III of the Form with respect to
the reasons why we are unable to furnish our report on the financial statements
of the Chesapeake Energy Corporation Savings and Incentive Stock Bonus Plan for
inclusion in the Form 11-K for the year ended December 31, 1997.
Yours very truly,
/s/ COOPERS & LYBRAND L.L.P.
