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

[BigOnChina]

I'm looking at today's appointment of Mr. Ruishi Hu as a Director of the Board of Director as very positive news.

According to the press release, Mr. Hu has over 30 years of experience in the petroleum industry in China. He certainly would not be joining NEP's board if he thought there was something to worry about.

From an NEP company standpoint, this is a great addition because Mr. Hu has significant experience working with Petrochina. He is serving as a director of Qianguo County Mongolia Autonomous Petroleum Development Company, a joint venture established by PetroChina Company Limited ("PetroChina") Jilin Branch and the government of Qianguo County.

From 2007 to 2009, he served as the chief representative of PetroChina to the Company's subsidiary, Song Yuan City Yu Qiao Oil and Gas Development Limited Corporation.

From 2004 to 2007, Mr. Hu served as a director of Songyuan City Jingyuan Petroleum Development Company, a joint venture established by PetroChina Jilin Branch and Beijing National Economic Council. Prior to 2004

All in all, this is positive news or as positive as it's going to get before we see some real numbers and the stock starts trading again.