CNEH have China North East Petroleum Holdings Ltd. exposed to more stock investors 800.940.6559.

China North East Petroleum Holdings Ltd. Details:

China North East Petroleum Holdings Limited, through its subsidiaries, engages in the extraction and production of crude oil Jilin province in China. The company owns interests in Jilin Qian’an Oil Field Zone 112, an oil field located approximately 9 kilometers southwest of Qian’an city with a total exploration area of approximately 20.7 square kilometers; and a right to explore, develop, and pump oil at Hetingbao Oilfield 301 area. As of December 31, 2006, it had 44 producing wells, including 38 producing wells at Qian’an 112 and 6 producing wells at Hetingbao 301. The company was incorporated in 2003 and is based in New York, New York.

May 17, 2008 9:37 AM ET

ENERGY SECTOR

OIL, GAS & CONSUMABLE FUELS INDUSTRY

China North East Petroleum Holdings Ltd. (CNEH:OTC BB)

LAST $4.36 USD

CHANGE TODAY +0.09 2.11%

VOLUME 394.7K

CNEH On Other Exchanges

As of 3:59 PM 05/16/08 All times are local (Market data by Reuters is delayed by at least 15 minutes).

OPEN $4.30		PREVIOUS CLOSE $4.27
DAY HIGH $4.40		DAY LOW $4.14
52 WEEK HIGH 09/24/07 - $4.55		52 WEEK LOW 06/27/07 - $0.36
MARKET CAP 83.8M		AVERAGE VOLUME 3 mo 316.7K
DILUTED EPS TTM $0.40		SHARES OUTSTANDING 19.2M
CNEH Does Not Pay Dividends		P/E TTM 10.9x
K = Thousands M = Millions B = Billions

CNEH Details

Detailed Description...

312 Employees

Founded in 2003

Latest 10-K

Latest 10-Q

More SEC Filings...

Top Compensated Officers

Mr. Chao Jiang

Corporate Secretary

Age: 27

Total Annual Compensation: $12.0K

Mr. Yang Zhang

Chief Financial Officer, Principal Accounting...

Age: 24

Total Annual Compensation: $6.6K

Mr. Hong Jun Wang

Chairman, Chief Executive Officer and Preside...

Age: 35

Total Annual Compensation: $5.9K

Executives, Board Directors

Compensation as of Fiscal Year 2007.

Key developments

China North East Petroleum Holdings Ltd. - Conference Presentation Call

05/16/2008

China North East Petroleum Holdings Ltd. - Conference Presentation Calls

China North East Petroleum Holdings Ltd. Announces Financial Results for the First Quarter Ended March 31, 2008

05/15/2008

China North East Petroleum Holdings Ltd. announced financial results for the first quarter ended March 31, 2008. Total sales for the first quarter were $10.8 million, a 476% increase compared to $1.9 million over the same period last year. The increase in Revenue was a result of increased oil production and higher oil prices. Net income for the first quarter increased significantly to $3.3 million, or $0.17 per diluted share, against $287,000, or $0.01 per diluted share, in the first quarter of 2007.

China North East Petroleum Announces Preliminary Production Results for the First Quarter Ended March 31, 2008

04/28/2008

China North East Petroleum Holdings Ltd. announced preliminary production results for its first quarter ended March 31, 2008. Driven by production from new wells and increased capacity from existing wells, crude oil production for the quarter ended March 31, 2008 increased 11,324 tons (83,571 barrels) to 15,691 tons (115,800 barrels) from 4,367 tons (32,228 barrels) for the quarter ended March 31, 2007. On a sequential basis, crude oil production increased 3,057 tons (22,561 barrels), or 24%, compared to the quarter ended December 31, 2007.

CNEH, chart, China North East Petroleum Holdings Ltd.

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Industry Analysis

Valuation	CNEH	Industry Range
Price/Earnings	20.5x
Price/Sales	4.3x
Price/Book	4.5x
Price/Cash Flow	9.4x
TEV/Sales	4.1x
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