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Chesapeake Receives Notice from NYSE Regarding Continued Listing Standard

Source: www.gulfoilandgas.com 6/30/2020, Location: North America

Chesapeake Energy Corporation was notified by the New York Stock Exchange ("NYSE") of its determination to commence proceedings to delist the Company's common stock and to suspend trading of the Company's common stock due to the Company's decision to voluntarily file for reorganization under Chapter 11 of the Bankruptcy Code. The Company anticipates that effective June 30, 2020 its common stock will commence trading on the OTC Pink Market under the symbol "CHKAQ." The transition to the over-the-counter market will not affect the Company's business operations.

Headquartered in Oklahoma City, Chesapeake Energy Corporation's operations are focused on discovering and developing its large and geographically diverse resource base of unconventional oil and natural gas assets onshore in the United States.

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