More on Chesapeake's (CHK) Q1 results: Total production rose to 4B cfe/day, +9% Y/Y. Says it has...


More on Chesapeake's (CHK) Q1 results: Total production rose to 4B cfe/day, +9% Y/Y. Says it has closed or signed ~$2B of asset sales YTD, expects to close previously announced Mississippi Lime JV transaction with Sinopec before end of Q2 and to sign agreements selling northern Eagle Ford assets in Q2. Projects FY 2013 production expenses of $0.85-$0.90/mcfe for the year, down $0.05 vs. prior guidance. Shares +3.9% premarket.

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