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bigpike

01/04/08 3:49 PM

#91519 RE: ari5000 #91518

CNEH reported their preliminary q3 numbers Oct 10, so if they continue that trend, we may see preliminary year end numbers next week. Fingers crossed.
edit, from q3 report:
"Our record third quarter financial results illustrate that our business has hit an inflection point," Mr. Hongjun Wang, President of China North East Petroleum commented. "Building on this momentum, we will maximize shareholder value by developing our current oil fields and exploring other opportunities to increase revenue and profit. We are particularly optimistic about the future prospects of our company. One indication of our success is our commitment to further increasing our number of producing wells. With our excellent cash flow, we will continue to drill more wells and place more wells in meaningful production. At the end of the third quarter of 2007 the company had 120 wells in full production. This number is currently at 128 wells and is anticipated to grow to 146 wells in full production during the fourth quarter."