China North East Petroleum Holdings, Ltd.(fka CNEP)

[advalorem]

Awesome numbers. Congrats to longs.

8:33AM China North East Petroleum announces preliminary 3Q09 oil production results; crude production increased 30% y/y (NEP) 5.25 : Co announces preliminary oil production results for 3Q09. The company's crude oil production in 3Q09 totaled 224,750 barrels, a 30% increase compared to 172,730 barrels in 3Q08. The total number of wells in production as of Sept 30, 2009 was 259 compared to 251 at the end of 2Q09 and 218 at the end of 3Q08. Mr. Hongjun Wang, President of NEP commented, "Our initial third quarter results are indicative of another strong quarter of oil production for our business. We were able to drill another eight new wells with an additional three under construction in spite of a month long slowdown due to seasonal rains in the third quarter. We anticipate the total number of expected wells to be drilled in the fourth quarter will exceed the total number of wells drilled through the first three quarters of 2009. We are pleased with our record oil production for the third quarter and are encouraged with our prospects for growth in the months ahead."