CHESAPEAKE ENERGY is planning to sell up to US$12b worth of assets, in a bid to end a cash shortage caused by rock-bottom gas prices. It plans to raise US$2b by mid-April through advance sales of gas and hopes to launch at least two joint ventures in its Mississippi Lime and Permian Basin plays. It may sell its 6,000 km~2 in the Permian Basin. Chesapeake estimates the sales could raise US$6-8b by the end of 2012.
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