China North East Petroleum Holdings Limited (OTC: CNEH) is an independent oil extractor that engages in oil drilling project management and the extraction of crude oil in proven oilfields in Northern China. Founded in 2002, CNEH is headquartered in Song Yuan City, China and maintains management offices in Harbin, China and New York City. Through its Chinese subsidiaries Long De Oil & Gas Development Co. Ltd and Yu Qiao Oil & Gas Development Co. Ltd, CNEH has entered into a guaranteed agreement with PetroChina Jilin Branch for the extraction of crude oil in Jilin Qian’an Oilfield. Under this arrangement, CNEH has agreed to sell all of its extracted oil to PetroChina Jilin Branch for use in the China marketplace. China North East Petroleum has 312 employees and over 150 producing wells within four oilfields in Northern China and has plans for additional well drilling projects.

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