NEP - China North East Petroleum - 500 Beiträge pro Seite

[RayNar]

Original von Stupidgame am 10.04.09
http://www.wallstreet-online.de/diskussion/1139490-3371-3380…

Hallo, und schöne Ostern!

Es wird mal höchste Zeit, hier eine Aktie vorzustellen, die ich früher schonmal erwähnt hatte. Momentan bekommt man sie sowohl vom Kurs, als auch von der Bewertung her so günstig wie wohl kaum irgendeine andere.
Vorab - das ist ein, in den USA notierter, China-Wert. Die sind traditionell nicht sehr teuer. Ausserdem ist der Börsenplatz die OTCBB. Was einen entsprechenden Risiko-Abschlag erfordert. Und natürlich einen entsprechenden Risiko-Hinweis.

CHINA NORTH EAST PETROLEUM HOLDINGS LIMITED (OTCBB: CNEH)(A0HNHC)

Börsenplätze: OTCBB; FRA; STU; BER; XETRA(Kassa)
Kurs: 1,50 USD
Ausstehende Aktien: 20.784.080
Warrants+Options ca.: 4.500.000
MK: 31,2mUSD
Cash: 13,2mUSD
Besicherte Schuld: 8mUSD
Netto Buchwert: 49,3mUSD; pro Aktie: 2,37 USD

Umsatz 07: 19,5mUSD (267.516 BBLS / 157 Wells)
Umsatz 08: 58,5mUSD (645.856 BBLS / 247 Wells)
Umsatz Q4: 14,5mUSD (223.068 BBLS)
Gewinn 07: 5,1mUSD; pro Aktie: 0,21 USD
Gewinn 08: 19,6mUSD; pro Aktie: 0,98 USD
Gewinn Q4: 7,6mUSD; pro Aktie: 0,37 USD

Cashflow Rechnung 2008:
from Operations: +36,2mUSD
from Investing: -31,8mUSD
from Financing: +10,1mUSD

KGV 08: 1,53
KCV 08: 0,57
KBV 08: 0,63

erwarteter Gewinn 09: 1,48 USD/Aktie (KGV 1)

Proved Reserven Ende 08: 5,29m BBLS
zu erwartende Produktion 09: ~900.000 BBLS
momentan erwartete maximale Anzahl an Wells: über 600
Bis jetzt kein einziges Dry Hole!!
Steuern in China deutlich moderater als in Russland.


Homepage: http://www.cnepetroleum.com/

aktuellste Präsentation (schon etwas älter): http://irpage.net/cneh/documents/CNEH%2011-2008.pdf

letzter Jahresbericht: http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=65090…

Profil: http://finance.yahoo.com/q?s=CNEH.OB

MfG.
s.

charttechnisch noch in den Abwärtstrends, aber Ausbruch im April nicht unwahrscheinlich...

[RayNar]

Original von Stupidgame vom 20.04.09

Noch ein paar Ergänzungen zu China North East Petroleum.
Ich habe auch Mail-Anfragen dazu - übrigens mit den Mailboxen ist momentan irgendwas nicht in Ordnung. Oft wird im Posteingang bei mir nichts mehr angezeigt, oder nur 1 Mail.

-Kosten: ~5 USD / BBL (unglaublich niedrig - bin auch etwas skeptisch)
-Geologische Reserven, nicht vergleichbar mit den NI-konformen, ~75 Mio. BBLS
-Petro China nimmt alles geförderte Öl ab
-Es gibt einen Vertrag, der Petrochina nach 10 Jahren den doppelten Anteil an der Förderung gibt. Ich habe nur noch nicht den Beginn der Laufzeit verifizieren können.
-Der Preis der bezahlt wird errechnet sich...: Please note that CNEH's sole customer, PTR pays the Company a price per barrel which is calculated on a monthly basis, and is based upon a lagged, daily price per barrel average for a relatively heavy, sour grade of crude oil that trades in Singapore. This daily price index is one of a large number of crude oil price indices maintained by Platts, an international commodity and trading company. The grade of oil for which the company is paid typically trades at a discount to West Texas or London Brent crude.

Was das angeht, habe ich etwas Probleme, den gemeldeten Umsatz mit der gemeldeten Förderung in Einklang zu bringen. Der Barrelpreis, den ich dort errechne, liegt über dem durchschnittlichen WTI-Preis des Berichtszeitraums. verwirrt

Zur Charttechnik: Die Abwärtstrends sind weiter intakt. Es schaut aber so aus, als ob seit Tagen auf dem aktuellen Niveau akkumuliert wird.
Übrigens auch der Sektor-Index AMEX: XOI ist nach wie vor in einem intakten Abwärtstrend.
wer auf Nummer sicher gehen will wartet die Trendbrüche ab.
Quartalsbericht für Q1 kam im letzten Jahr am 15.5.

MfG.
s.

[RayNar]

Hier noch mal eine Zusammenfassung von mir:

CNEH ist ein winziger Ölproduzent aus China (MKap 62 Mio), der an der OTC gelistet ist. Das ist zwar eigentlich ein Ausschlußkriterium, soll sich aber bald ändern mit einem Listing an der AMEX.
Das interessante hierbei: CNEH pachtet relativ kleine, nahezu fertig explorierte Ölfelder von Petrochina über 20 Jahre, die für den großen Bruder zu unbedeutend sind. CNEH baut jedes Jahr dutzende Wells und erhöht so die Produktion, ist aber trotzdem noch weit von dem totalen Ausbeuten entfernt. Das Öl wird von Petrochina abgenommen und je höher der internationale Preis, umso höher wird der erhobene Royalty/Abschlag.
Dadurch hat man sehr einfaches, skalierbares Geschäftsmodell, extrem niedrige Kosten (muß nochmal nachrechnen, Kosten pro Barrel einstellig?!), kein eigenes Explorationsrisiko, gute Planbarkeit usw. usw.
Das ganze liest sich äusserst unspektakulär, aber die Gewinne und Steigerungsraten können sich sehen lassen, dazu war CNEH erst kürzlich mit einem KGV von knapp über 1 bewertet.

Inzwischen haben sich die Kurse verdoppelt, daher nur noch folgende Kennzahlen:
KGV 08: 3
KCV 08: 1,14
KBV 08: 1,26

Zahlen für Anfang 2009 kommen jeden Moment, werden aber natürlich nicht mehr so gut aussehen wie in 2008. Produktionszahlen schauen aber wie immer sehr gut aus.
Seit meinem Kauf +50% , bekomme aber einwenig kalte Füße. Wenn Bedarf besteht, schreibe ich gerne mehr über die Aktie.

[RayNar]

Jahres-Chart:


Intraday ADVFN:

[RayNar]

Die letzten Nachrichten:

30.03.2009 14:31
China North East Petroleum Reports Fourth Quarter and Full Year 2008 Financial Results

- 4Q08 Revenue Increases 89% to $14.5 Million -

- 4Q08 Net Income Increases 262% to $7.6 Million -

- FY08 Revenue Increases 201% to $58.6 Million Compared to $19.5 Million in

FY07 - - FY08 Net Income Increases 282% to $19.6 Million, or $0.98 Per Diluted Share

[..] Quelle:http://www.finanznachrichten.de/nachrichten-2009-03/13497538…


29.04.2009 14:31
China North East Petroleum Announces Preliminary 2009 First Quarter Production Results

Total 1Q09 Crude Oil Production Increases 93% to 221,688 Barrels from 1Q08

[..] Quelle:http://www.finanznachrichten.de/nachrichten-2009-04/13766208…


07.05.2009 14:31
China North East Petroleum Announces Signing of New Well Drilling Contract

[..]
On May 5, the company entered into a well drilling contract with Songyuan Huaying Drilling and Service Company for an additional 48 wells, to be drilled over the next 10 months. The drilling work is scheduled to start within a week. The new wells will bring the company's number of the total producing wells up to 303 after the project is completed.

[..] Quelle:http://www.finanznachrichten.de/nachrichten-2009-05/13843461…

[Public_Relations]

Hmmm.. ist nat. auch schon ein Stück gelaufen

Hättest du mir das nicht vor ein paar Tagen vorstellen können?

LG, PR

[stupidgame]

Antwort auf Beitrag Nr.: 37.143.456 von Public_Relations am 11.05.09 12:59:51

Hmmm.. ist nat. auch schon ein Stück gelaufen

Hättest du mir das nicht vor ein paar Tagen vorstellen können?


Ja, schade.
Mit ein Grund, warum ich nicht ganz so unbedingt jetzt einen Thread eröffnen wollte. Die ersten 100% sind schonmal weg.
Wichtigerer Grund war aber der Aufwand.
Danke deshalb, @RayNar.
Ich denke, es lohnt sich, hier ein Auge drauf zu behalten.
Q1-Zahlen sollten bis spätestens Freitag kommen, es sei denn, es gibt ein "Late Filing", was bei OTCBB nicht ungewöhnlich ist. Aber bei CNEH ist es mir, glaub ich, noch nicht aufgefallen.

Gruß
s.

[RayNar]

Ich würde auch erstmal abwarten, ob ich selber Gewinne mitnehme, muß ich noch überlegen. Ein Rückfall zur 200-Tage-Linie scheint wahrscheinlich, dort könnte man ja zuschlagen.

Bezüglich den Zahlen bin ich sehr gespannt, im schlechtesten Fall könnte das KGV bereits bei ca. 8 liegen. Das wäre aber schon sehr pessimistisch gerechnet. Andererseits wurden im letzten Quartal so weit ich weiß keine Wells gebohrt, weshalb die Kosten sehr niedrig sein dürften. Auch für dieses Jahr sind weit weniger als die 100 letztjährigen Wells geplant.

[RayNar]

Zahlen sind da, genaueres am Wochenende.

http://www.finanznachrichten.de/nachrichten-2009-05/13923861…

15.05.2009 14:34
China North East Petroleum Reports First Quarter Financial Results

HARBIN, China and NEW YORK, May 15 /PRNewswire-Asia-FirstCall/ -- China North East Petroleum Holdings Limited (News) (the "Company") (BULLETIN BOARD: CNEH), an oil producing company in Northern China, today announced financial results for the first quarter ended March 31, 2009.

First Quarter 2009 Results

Revenues for the three months ended March 31, 2009 (the Current Quarter) were $8,899,223 compared to $10,823,974 for the three months ended March 31, 2008 (the Comparable Quarter), a decrease of $1,924,751, or 17.8%. This decrease was due to a decrease in the average price we received for our crude oil. The average oil price for the Current Quarter was $40.04, a 57.5% decrease from $94.27 for the Comparable Quarter. Our output of crude oil for the Current Quarter was 222,091 barrels compared to 114,862 barrels for the Comparable Quarter, an increase of 93.4%, which substantially offset the impact of lower oil prices. This increase in production was mainly due to: (i) an increase in the number of producing wells from 165 in the Comparable Quarter to 247 in the Current Quarter; (ii) refracturing and other technical improvements made to the existing wells; and (iii) implementation of a water injection network, which helped to maintain production levels at certain of our existing wells.

Cost of sales decreased by 33.8%, from $4,801,159 for the three months ended March 31, 2008 to $3,179,425 for the three months ended March 31, 2009. The decrease in cost of sales resulted primarily from a decrease in the oil surcharge paid to the PRC government, due to the decline in oil prices generally. For the Current Quarter, the Company paid an oil surcharge of $37,792 to the PRC government as compared to $2,211,320 paid for the Comparable Quarter. Under a regulation introduced in June 2006, a surcharge of 20% is imposed on the portion of the selling price of crude oil which exceeds $40 per barrel and a surcharge of 40% is imposed on the portion of the selling price of crude oil which exceeds $60 per barrel. This government oil surcharge tax is paid by the Company on a quarterly basis, following the end of each quarter. The significant decrease in the oil surcharge paid to the government was partially offset by an increase in depreciation of oil and gas properties. Depreciation increased from $1,874,692 in the Comparable Quarter to $2,624,254 in the Current Quarter, an increase of 40%. The increase in the depreciation of oil and gas properties was mainly attributable to the increase in proven oil reserves as of December 31, 2008, the higher volumes of oil produced and the increased depreciable production equipment base during the first quarter of 2009.

Operating expenses totaled $1,337,986 for the Current Quarter, compared to $635,949 for the Comparable Quarter, an increase of 110%. This increase is primarily a result of an increase of approximately $320,000 in selling, general and administrative costs, an increase of approximately $50,000 in amortization of deferred financing costs and approximately $330,000 in amortization of the discount on debenture from the Lotusbox secured debenture financing transaction consummated in late February 2008. SG&A costs increased largely due to non-cash charges associated with stock and option grants made to Directors and certain key employees in the second and third quarters of 2008. Amortization of the discount on the debenture was recognized for only one month of the Comparable Quarter, versus the full three months of the Current Quarter, which accounts for the increase.

Other expenses increased from $144,862 for the Comparable Quarter to $277,945 for the Current Quarter. This increase is primarily the result of increases in interest expense which increased from $119,697 in the Comparable Quarter to $280,000 in the current quarter.

Net income decreased by 32.7%, from $3,375,015 for the three months ended March 31, 2008 to $2,271,353 for the three months ended March 31, 2009, primarily as a result of the decrease in average selling price and increased non-cash expenses as described above.

EBITDA increased by 2% to $7,644,752 for the Current Quarter, compared to $7,503,613 for the Comparable Quarter. It represented 85.9% of the revenue. This increase is primarily the result of the significant decrease in the oil surcharge paid, improved production efficiency and reduced production costs.

Mr. Hongjun Wang, President of China North East Petroleum commented, "We are very pleased with the results of this quarter, especially in light of the global economic downturn. The plunge in oil prices - which have fallen dramatically from a record high of $147 per barrel last year, down to an average of approximately $40 per barrel in the first few months of this year - made 2009 a challenging year to start. However, CNEH's management views this challenging economic situation as an opportunity rather than a threat. With strategic production planning and wells drilled in 2008, the company achieved an 80.8% production increase compared with the same period last year, which offset the dramatic drop in oil prices during the first quarter. More importantly, CNEH achieved a profit margin of over 25.5% in the first quarter, and a very strong EBITDA result. It is a testament to CNEH's versatility in a difficult market that the decrease in profit margin of CNEH was relatively lower compared with other major multinational oil companies. We attribute our ability to maintain this profit margin to the higher efficiency of our operation and lower production costs. This demonstrates our strong execution capabilities, even during this challenging time.

We were satisfied to see the continuous improvements to our financial liquidity in the first quarter. We grew our cash position by 48.1% sequentially to nearly $20 million and notably improved our operating cash flow as well. Therefore, with sufficient cash on hand the company will continue to grow. We remain highly focused on exploring all possibilities to further expand our business presence and market position in the domestic private oil industry in China. We will do so by continuing to increase our production levels, seeking to acquire new oilfield leases and expanding our business into directly related areas of petroleum operations."

Mr. Wang continued, "heading into the second quarter, our management established a production and well drilling plan for the remainder of 2009. Our current plan is to drill an additional 48 wells in the next 10 months, with 5 wells expected to be drilled each month. If oil prices continue to recover, we may speed up the drilling and place more wells into production in the near future. With this growth plan in place, we expect to yield strong financial results ahead.

Finally, getting listed on an exchange is still a priority of the management, and we are currently working closely with the prospective exchange to continue the assessment and review of our listing application. We will update the shareholders on our progress when we have additional information that can be disclosed." concluded Wang.

Oil Pricing

Please note that CNEH's sole customer, PTR pays the Company a price per barrel which is calculated on a monthly basis, and is based upon a lagged, daily price per barrel average for a relatively heavy, sour grade of crude oil that trades in Singapore. This daily price index is one of a large number of crude oil price indices maintained by Platts, an international commodity and trading company. The grade of oil for which the company is paid typically trades at a discount to West Texas or London Brent crude.

Government Oil Surcharge

Under a regulation introduced in June 2006 by the Chinese government, a surcharge of 20% has been imposed on Chinese oil producers on the portion of the selling price of crude oil which exceeds $40 per barrel and a surcharge of 40% is imposed on the portion of the selling price of crude oil which exceeds $60 per barrel.

ABOUT CHINA NORTH EAST PETROLEUM

China North East Petroleum Holdings Ltd. is engaged in the production of crude oil in Northern China. The Company has a guaranteed arrangement with the Jilin Refinery of PetroChina to sell its produced crude oil for use in the China marketplace. The Company currently operates four oilfields in Northern China.

Statements in this press release which are not historical data are forward-looking statements which involve known and unknown risks, uncertainties or other factors not under the company's control, which may cause actual results, performance or achievements of the company to be materially different from the results, performance or other expectations implied by these forward-looking statements. These factors include, but are not limited to, those detailed in the company's periodic filings with the Securities and Exchange Commission.

[stupidgame]

Antwort auf Beitrag Nr.: 37.186.238 von RayNar am 15.05.09 17:01:08

Deutliche Verschlechterung bei Umsatz und Gewinn auf Grund der Preise. Also keine Überraschung. Trotzdem im Vergleich zu den meisten Wettbewerbern weiter klar "in black". Weiterhin deutlich operativ Cashflow positiv. Cash und Cash Equivalents deutlich gestiegen.
Mal paar direkte Vergleiche zum Vorquartal... (alles in mUSD)

Umsatz
Q4 14,5
Q1 8,9

Nettogewinn
Q4 7,6
Q1 2,3

Operativer Cashflow
Q4 36,2
Q1 5,8

Cash & Cash Equivalents
Q4 13,2
Q1 19,6

Annualisiertes KGV auf Basis dieses Quartalsgewinns: 6,5 (bei Kurs 2,88$)

Aktuelle MK: 60

Gruß
s.

[RayNar]

Ich finde die Zahlen wirklich gut. CNEH kann die Kosten sehr gut kontrollieren, wenn es denn nötig wird. Im Grunde genommen sind es nur die neuen Wells, die die Kosten am meisten beeinflussen. Wie du schon sagst, wären/waren bei den Ölpreisen schon viele Unternehmen in der Verlustzone.

Der momentane Ölpreis schaut auch schon wieder um einiges rosiger aus, dementsprechend besser werden die nächsten Zahlen sein. Da die neuen Bohrungen erst jetzt gestartet sind, müssten die Kosten für dieses Quartal noch sehr niedrig sein, der Gewinn könnte dann schon bei ca 3,5 Mio liegen.

Cash wurde auch weiter aufgebaut, was zeigt, dass man wie schon angekündigt neue Ölfelder erschließen will, sei es durch Kauf eines Mittbewerbers oder durch Mieten von PC. Der ist nebenbei auch bitter nötig, denn wie ich erfahren habe, steigt die Abgabe an PetroChina von 20% auf 40% bereits 2012! Bis dahin kann man die Kuh profitabel melken und hat hoffentlich andere Projekte am Laufen.

Das Kriterien zum Listing an der AMEX scheinen auch immer besser erfüllt zu werden, vielleicht kommt diesbezüglich bald eine Mitteilung.

[RayNar]

Schätzungen aus einem anderen Board:


May is coming to the end so we can calculate 2Q oil price for CNEH (based on March-May prices)

Average oil price was 49,5$.


P&L forecast for 2Q 2009 (production 220k barrels) is:

sales 10,9 mio$
production costs and depreciation -3,0 mio$
operating expenses -1,2 mio$
oil surcharge -0,3 mio$
financial costs incl. amort. of debenture -0,6 mio$
tax -1,4 mio$
minority interest -0,4 mio$
net income 3,8 mio$

With oil at 49,5$ average for 2Q 2009 my cash flow projection is:

Operating cash flow forecast in 2Q 2009:

- sales 10,9 mio $ (220.000 barrels)
- production costs 0,6 mio $
- operating expenses cash only 1,2 mio $
- payments on already drilled wells 2,8 mio $
- oil surcharge on oil over 40$, 0,3 mio$
- corporate tax 1,4 mio $

Total operating cash flow 2 Q 2009 = 4,6 mio$

financial activities:
- ABAXlotus loan repayment (principle - unpaid 1Q 2009 and 2Q payment) 2,5 mio$
- interest 2009 on Abax loan 0,3 mio $

total financial activities -2,8 mio$

investment activities:

- payment for 4 new wells to be drilledd in June 2009 (already contracted): - 0,3

Summary:
operating CF +4,6
financial CF -2,8
investing CF -0,3

total cash flow for 2Q 2009 = +1,5 mio $

plus opening cash balance from 2Q 2009 19 mio

= 20,5 mio cash at the end of 2Q 2009.



At $48 oil I come up with $3.3M Net income, $.16 EPS on 21M shares.

[RayNar]

Die heutigen Kurskapriolen und das erhöhte Volumen scheinen damit zusammenzuhängen, daß CNEH den 20. Tag über 2 Dollar notiert und somit die Pennystock-Beschränkungen der AMEX nicht mehr erfüllt.

Der starke Ölpreis und die gesunkenen Lagerbestände tun natürlich auch ihr Übriges .

[Melosar]

Antwort auf Beitrag Nr.: 37.274.780 von RayNar am 28.05.09 18:05:18

ich glaub eher, daß der Grund hierin zu sehen ist:


China North East Petroleum Announces Additional Wells Placed into Production
HARBIN, China and NEW YORK, May 28 /PRNewswire-Asia-FirstCall/ -- China North East Petroleum Holdings, Limited (OTC Bulletin Board: CNEH), a leading oil company in Northern China, announces the successful drilling and completion of three additional oil producing wells in May.


During the first quarter of 2009, there were seven wells under construction, none of which were placed into production due to relatively weak oil prices. As of May 25, 2009, the company successfully completed fracturing and cementing three of these wells and brought them into production. Additionally, the initial productivity of the new wells has exceeded the engineers' original expectations. As previously announced, the Company intends to place approximately 35 more new wells into production for the remainder of 2009.


Mr. Hongiun Wang, President of China North East Petroleum commented, 'We are pleased to see the Company's drilling and production plan executed seamlessly. We have made a good start to the year, with the recent increase in global oil prices and strong domestic demand for petroleum products, we are confident that 2009 will be another year of growth. Our management team will continue to execute our development plan and expand production capacity, while at the same time we continue to seek appropriate acquisition opportunities. We will promptly and regularly update the shareholders with the latest progress regarding the Company's drilling, production and related business development activity.'




SOURCE China North East Petroleum Holdings, Limited



Source: PR Newswire (May 28, 2009 - 8:30 AM EDT)

News by QuoteMedia

[stupidgame]

Tja, nichts kann uns stoppen - schaut im Moment jedenfalls so aus.
Die eine oder andere Gewinnmitnahme sollte man hier und da aber nicht vergessen.

[RayNar]

Am 10.6 wurde bei der SEC wieder was eingereicht, ein "8-A12B".
Dieses Formular ist eine Voraussetzung zum Listing an der AMEX, mit dem demzufolge in wenigen Tagen zu rechnen ist.

Das KGV müsste momentan so bei 5,5 liegen, durch die höhere Produktion und den gestiegenen Ölpreis müsste man ziemlich genau das Ergebnis vom Vorjahr erreichen, also knappe 1$ EPS. Anzumerken sei noch, das die ausgegebenen Warrants im Geld liegen. Es wird also verwässert, aber auch die starke Cash-Position von CNEH weiter verstärkt.

--------------------------------------------

What Does SEC Form 8-A12B Mean?
A filing with the Securities and Exchange Commission (SEC) that is required when a corporation wishes to issue certain classes of securities, including rights to buy such securities at a future date. This filing is also known as the Registration for Listing of a Security on a National Exchange Form. Included in SEC Form 8-A12B are details of the issuer and the security.

[RayNar]

Antwort auf Beitrag Nr.: 37.379.688 von RayNar am 12.06.09 11:57:34

Die ersten Internetportale haben schon klammheimlich die Modifizierungen durchgeführt: CNEH wird ab jetzt als NEP an der AMEX gelistet. Ich sage jetzt einfach mal eine offizielle Mitteilung am Montag voraus .

Man kann sich jetzt z.B. auf Reuters oder Moneycentral ein wenig austoben.

http://www.reuters.com/finance/stocks/overview?symbol=NEP.A
http://moneycentral.msn.com/investor/research/newsnap.asp?Sy…

[RadyP]

schon +20% in FFM !!!!!!!!!
ab heute wird CNEH an der AMEX gehandelt? na dann kommen schnell noch mal 100% dazu

[Berlinbaer]

Antwort auf Beitrag Nr.: 37.391.955 von RadyP am 15.06.09 10:22:29

Moin,

beobachte den Wert schon seit ein paar Wochen.
Nun ist es vielleicht schon zu spät um einzusteigen.
Warum denkst Du sind es heute 100% Kurssteigerung ?
Es scheint ja ein Langfristinvestpapier zu sein.

Leider bekommt man zu wenig Infos über mögliche Expansionen usw.
Sicher ist jedenfalls, dass der Ölpreis mittelfristig weiter steigen wird- die Spekulanten werden dafür sorgen.

Gruß
Berlinbaer

[stupidgame]

Antwort auf Beitrag Nr.: 37.389.384 von RayNar am 14.06.09 17:26:08

Hallo zusammen!

Danke nochmal an RayNar. Ich hätte mich hiermit nicht so intensiv beschäftigen können. Die ganze AMEX (jetzt NYSE-Alternext)- Sache hätte ich evtl. gar nicht so mitbekommen.
Ich verlinke Euch mal die Daily-List der OTCBB vom 12.6. Dort wird der Move von China North schon annonciert.
In dem Moment ist das für mich offiziell. Ob jetzt noch `ne PR-News kommt, oder nicht. Die ist eh` nur fürs Publikum.
http://www.otcbb.com/asp/dailylist_detail.asp?d=06/12/2009&m…
(unter "Security Deletions")

Übrigens Vorsicht mit Käufen hier jetzt extrem über Pari. Ich habe schon etliche Amex Upgrades mitgemacht. Das ist überhaupt nicht raus, dass es DESHALB nun weiter rauf gehen muss. Die Aktie nähert sich nun langsam ihrem fairen Wert an. Ich persönlich würde aktuell mit gutem Gewissen keine "buy" Empfehlung mehr geben wollen, schon garnicht zu 4,40€ in Frankfurt.

MfG.
s.

[stupidgame]

Antwort auf Beitrag Nr.: 37.392.072 von stupidgame am 15.06.09 10:38:00

Hier jetzt auch die PR-News
http://www.stockhouse.com/News/USReleasesDetail.aspx?n=73505…

[Berlinbaer]

Antwort auf Beitrag Nr.: 37.393.749 von stupidgame am 15.06.09 14:42:34

danke Dir stupid,

nun mal sehen wie nachher gehandelt wird.
Möchte schon gern einsteigen, aber nicht mit überhöhten Preisen.
Vielleicht warte ich eine Woche und schau mal nach dem Ölpreis.

Habe schon eine Chinaaktie, die aber wegen Managmentchaos total eingebrochen ist..

Gruß
BB

[RayNar]

Ich bin heute erstmal ausgestiegen, das ging schon alles sehr schnell. Das KGV von ca 6 ist zwar immer noch niedrig, aber zum einen macht der Gesamtmarkt wohl nicht mit (zumindest heute) und zum anderen muß irgendwann mal eine Konsolidierung kommen.

Wie ich aber gesehen habe, sind etliche Konkurrenten mit KGVs von 12 und mehr bewertet, weswegen CNEH/NEP noch locker zweistellig werden könnte.

[Berlinbaer]

Antwort auf Beitrag Nr.: 37.395.142 von RayNar am 15.06.09 16:58:12

Wirst Du wieder einsteigen?
Ich hoffe das Beben wird nur von kurzer Dauer sein.

[RayNar]

Antwort auf Beitrag Nr.: 37.395.182 von Berlinbaer am 15.06.09 17:02:02

Ich hoffe es! Es ist zwar bekanntermassen nicht möglich den Markt zu timen, aber bei so einem Anstieg gegen einen schlechten Markt musste ich erstmal verkaufen.

Fundamental läuft ja alles super. Es so nochmal erwähnt, wie niedrig die Kosten pro Barrel sind und demzufolge auch die Margen trotz der Steuerabgabe Chinas richtig stark sind (Nettomarge über 30%!).
Sollte der Kurs stärker nachgeben oder sogar das Mieten von neuen Ölfeldern (was DER Hit schlechthin wäre) gemeldet werden, wäre ich wieder dabei.
Erstmal abwarten was die Börsen und der Ölpreis machen, CNEH/NEP bleibt aber trotzdem erste Wahl auf dem Sektor!

[Berlinbaer]

Antwort auf Beitrag Nr.: 37.395.241 von RayNar am 15.06.09 17:08:13

OK. Ich bleibe auch dran. Meine "Ölnase" sagt mir da ist was drin.
Wie bereits geschrieben, ich beobachte noch einen Moment.
Denke die Spekulanten werden auf biegen und brechen den Ölpreis hoch halten. Und China braucht ja auch Öl als Wachstumsmarkt.
Kann nur das Managment nicht einordnen, ob sie irgendwelche Erfahrungen haben- ist ja die erste private Ölfirma in China.

[RayNar]

Hier der neue Realtime-Chart. Scheint noch weiter zu laufen:

[Berlinbaer]

Antwort auf Beitrag Nr.: 37.402.743 von RayNar am 16.06.09 15:37:40

Hi,

danke für den RT


habs ja gewusst und nun?

Gruß
BB

[RayNar]

Antwort auf Beitrag Nr.: 37.402.908 von Berlinbaer am 16.06.09 15:50:23

Die Lücke im Chart durch das Listing wäre jetzt wieder zu.
Ist gut möglich, daß ich wieder dabei bin .

[stupidgame]

Antwort auf Beitrag Nr.: 37.404.539 von RayNar am 16.06.09 18:28:11

DIE BEWEGUNG war die, die ich befürchtet hatte. Sell the News. Unabhängig von den Fundamentals.
Worstcase könnte es hier sogar noch bis 3,00-2,75 USD runtergehen. Ich halte allerdings das Tief von eben, von 3,40 USD, schon für den Selling Climax, so wie der Tageschart aussieht. Immerhin über 40% unterm Top.

MfG.
s.

[RayNar]

Antwort auf Beitrag Nr.: 37.411.836 von stupidgame am 17.06.09 16:20:32

Die Befürchtung hatte ich auch, habe ja auch selber danach gehandelt . So einen starken Abverkauf hatte ich natürlich nicht erwartet, dachte daß das erste Gap vielleicht schon halten würde, jetzt sieht es zum Glück nach mindestens 4, evtl 4,50 aus.

Bei den Zwischenstopps ist mir aufgefallen, wie stark die Nachfrage war und jeder kleine Rücksetzer sofort zum Kauf genutzt wurde. Ich bin daher bei 5,40 mit einer kleineren Position wieder rein, nunja, immerhin 10% ertradet um dann in ein fallendes Messer zu greifen

[Berlinbaer]

Nabend,

Kurs ist ja ganz schön abgeschmiert.
Gibt es Infos?
Werde dann wohl doch noch etwas warten...

Gruß
Berlinbaer

[RayNar]

Antwort auf Beitrag Nr.: 37.423.374 von Berlinbaer am 18.06.09 22:37:51

Keine Infos, alles bestens.

Nach den Gewinnmitnahmen und Short-Attacken kehrt heute erstmal wieder Ruhe ein und man sieht wieder einige Käufer. Falls der Ölpreis weiterhin oben bleibt, sollte es nicht weiter runter gehen.

Wenn du eher skeptisch bezüglich des Ölpreises bist, würde ich weiter abwarten und andere den Kampf austragen lassen, ansonsten kannst du ja mit einer halben Position reingehen.

Übrigens gibt es einen Artikel auf seekingalpha:
http://seekingalpha.com/article/144015-china-north-east-petr…

[RayNar]

NEP bereitet wohl eine Kapitalerhöhung bis zu 40 Mio $ vor, es wurde gestern bei der SEC ein Formular eingereicht.

Da NEP viel Cash in der Tasche hat, gehen die Spekulationen Richtung Übernahme oder dergleichen. Offizielle Meldung fehlt noch

[stupidgame]

.
China North East Petroleum Announces Preliminary 2009 Second Quarter Production Results
http://finance.yahoo.com/news/China-North-East-Petroleum-prn…

Gruß
s.

[Berlinbaer]

Hallo @,

habe schon wieder den Einstieg verpasst hier..
Gibt es news oder liegt es am ölpreis?

Gruß
BB

[RayNar]

Antwort auf Beitrag Nr.: 37.583.054 von Berlinbaer am 16.07.09 09:50:13

Nein, gab keine News. Wie ich weiter vorne geschrieben habe, wird eventuell im Hintergrund was ausgeschmiedet (KE geplant?), ist aber nur eine Vermutung.

Ölpreis war es ein wenig, ja, Rohstoffwerte haben aber im Allgemeinen wieder gut zugelegt diese Woche. Ich sehe aber immer noch eine volatile Seitwärtsbewegung bei NEP, Einstiegsüberlegungen kann ich dir leider auch nicht abnehmen . Könnte bei schwachem Markt schnell wieder runtergehen, sollten aber Nachrichten über neue Ölfelder oder dergleichen kommen, kann es sehr schnell gehen, wer weiß das schon..

Hier noch eine kleine Übersicht:

[RayNar]

NEP "darf" an dem "NYSE Forum" teilnehmen. Am Mittwoch um 16:00 kann man dort eine Online-Präsentation bewundern, was wiederum den Bekanntheitsgrad erhöhen sollte . Erstaunlich sind auch die weiteren Teilnehmer, die sich wirklich sehen lassen können.


NYSE Euronext to Host Global Virtual Investor Forum With Leading non-U.S. Companies: "Seeking Opportunity in a Challenging Global Market"

Leading NYSE and NYSE Amex Listed Companies from Asia and Europe To Participate

NEW YORK & PARIS--(BUSINESS WIRE)--NYSE Euronext (NYX) today announced that on Wednesday, August 5, 2009, it will host a Global Virtual Investor Forum, “Seeking Opportunity in a Challenging Global Market” for leading companies listed on its NYSE and NYSE Amex markets.

Beginning in the U.S. at 9:00 a.m. (ET), and in Continental Europe at 3:00 p.m. (CET) and accessible via www.nyse.com/vif, this virtual investor forum will feature the following NYSE-listed companies:

NYSE
BP p.l.c. (NYSE: BP - News)
SAP AG (NYSE: SAP - News)
GlaxoSmithKline plc (NYSE: GSK - News)
InterOil Corporation (NYSE: IOC - News)

NYSE Amex:
China Green Agriculture (NYSE Amex: CGA)
Universal Travel Group (NYSE Amex: UTA)
Tianyin Pharmaceutical Company Limited (NYSE Amex: TPI)
China North East Petroleum Holdings Limited (NYSE Amex: NEP)


About the NYSE Euronext Virtual Investor Forum

Virtual Investor Forums are web-based conferences designed to provide investors with an opportunity to hear directly from NYSE- listed company senior executives. Through analyst-style presentations, these leaders will discuss their company operations, competitive environment and prospects for growth. Participants can learn more about these compelling companies by e-mailing their questions during these interactive events.

The presentation will be broadcast on nyse.com, Euronext.com, moneyshow.com, PrecisionIR and Research Magazine sends an email alert to their subscribers.

[pusax]

Antwort auf Beitrag Nr.: 37.700.277 von RayNar am 03.08.09 16:30:02

Tolle News!
Passt zu dem brutalen Ausbruch heute, 23% Kursanstieg! Stärkstes Handelsvolumen dieses Jahr. Es wird Zeit, dass die Masse auf diesen Wert aufmerksam wird

[stupidgame]

Ich habe eben durch Zufall gesehen, dass die Firma auf Bloomberg TV vorgestellt wurde! Von einem Herrn von Belmont Partners. Ausser NEP wurde noch ein Kohleproduzent (ich habe den Namen nicht mitbekommen) und der Online Gamer Shanda Interactive vorgestellt.
Der Mann war auch sehr von NEP`s Geschäftsmodell angetan.
Ich weiss nicht, wann hier die Erstausstrahlung war, könnte aber mit ein Grund für den letzten Push nach oben gewesen sein.
Kommende Woche sollte eigentlich der Quartalsbericht fällig sein.

Gruß
s.

[RayNar]

Antwort auf Beitrag Nr.: 37.739.295 von stupidgame am 09.08.09 09:12:46

Bloomberg ist ein weiterer wichtiger Schritt nach vorne. Laut Zusammenfassung in einem anderen Forum wurde das niedrige KGV von ca 6, das Geschäftsmodell und die Profitabilität bei Ölpreisen über ca. 15 $/barrell hervorgehoben.

Heute gab es als Dankeschön ein neues Allzeithoch:

[stupidgame]

Freitag, 4 1/2 Stunden nach Börsenschluss, kamen die Q2-Zahlen raus.
Die Highlights - ich stelle mal gegen die letzten beiden Vorquartale (alles in MUSD):

Umsatz
Q4 14,5
Q1 8,9
Q2 11,3

Nettogewinn
Q4 7,6
Q1 2,3
Q2 2,8

Operativer Cashflow
Q4 36,2
Q1 5,8
Q2 3,4
Cash & Cash Equivalents
Q4 13,2
Q1 19,6
Q2 22,6


Komplette Meldung:http://finance.yahoo.com/news/China-North-East-Petroleum-prn…

MfG.
s.

[stupidgame]

Antwort auf Beitrag Nr.: 37.791.340 von stupidgame am 16.08.09 20:38:20

Freitag, 4 1/2 Stunden nach Börsenschluss, kamen die Q2-Zahlen raus.

Ich seh gerade, im Original kam die News schon vor Börseneröffnung, also 8:30 AM ET.
Ist nur auf meinem Spezial China-Ticker erst so spät eingelaufen.

s.

[RayNar]

Gibt nicht viel dazu zu sagen, immer relativ planbare Zahlen.

Zwei Sachen halte ich aber für erwähnenswert:
+ Ölproduktion rauf 65,5%
+ Es wurden Anträge auf weitere Ölfelder bei Petrochina eingereicht!

Our output of crude oil for the Current Quarter was 225,043 barrels compared to 135,194 barrels for the Comparable Quarter, an increase of 65.5%, which substantially offset the impact of lower oil prices. This increase in production was mainly due to: (i) an increase in the number of producing wells from 188 in the Comparable Quarter to 254 in the Current Quarter; (ii) refracturing and other technical improvements made to the existing wells; and (iii) implementation of a water injection network, which helped maintain production levels at certain existing wells.



Mr. Wang concluded, "Looking forward as we head into the third quarter, despite minor delays caused by the rainy season in the second quarter, our management and the drilling teams are working at full throttle to speed up the well drilling. We remain confident in our ability to accomplish the original drilling program and to continue to increase our production levels. Furthermore, the Company's strong cash position provides us with a heavily favored position when applying for new oilfield leases in order to further expand our business presence and market position in the domestic private oil industry in China. The application has been submitted to PetroChina headquarters, and we will update the shareholders on our progress when we have additional information that can be disclosed. We continue to be optimistic about the Company's future and believe that the fundamental features of the Company will grow faster and stronger. We remain confident in our outlook for the remainder of 2009."

[stupidgame]

Antwort auf Beitrag Nr.: 37.792.853 von RayNar am 17.08.09 10:07:23

...increase in the number of producing wells from 188 in the Comparable Quarter to 254 in the Current Quarter...
...applying for new oilfield leases in order to further expand our business presence and market position in the domestic private oil industry in China. The application has been submitted to PetroChina headquarters, and we will update the shareholders on our progress when we have additional information that can be disclosed...

Also um nochmal das Potenzial der Firma zu verdeutlichen. Aktuell fördern sie aus 254 Wells. Mit den aktuellen Leases können sie auf über 600 Wells kommen. Also mehr als doppelt so hoch, wie aktuell.
Und jetzt wird sich schon um neue bemüht, die also noch über die 600-er Kapazität hinausgehen würden...

s.

[achimsinan]

Antwort auf Beitrag Nr.: 37.793.287 von stupidgame am 17.08.09 10:59:10

ich bin seit ca. 2 € drinnen , kann heute nicht verstehen warum nicht zugekauft wird. 73 € das Öl. ?????

[Highzuers]

!

Dieser Beitrag wurde moderiert. Grund: Provokation

[RayNar]

Eine kleine Übersicht der Ölproduktion von NEP. Geklaut aus der aktuellen Präsentation bei Rodman&Renshaw:

[RayNar]

Antwort auf Beitrag Nr.: 37.498.716 von RayNar am 01.07.09 10:39:21

Heute wurde wie erwartet die KE veröffentlicht, jedoch OHNE Verwendungszweck. Ich hoffe weiterhin auf neue Ölfelder

4 Mio Aktien a 4,60$
800k Warrants a 6$
------------
18,4 Mio $




16.09.2009 14:30
China North East Petroleum Holdings Ltd. to Raise $18.4 Million in Registered Direct Offering

HARBIN, China and NEW YORK, Sept. 16 /PRNewswire-Asia-FirstCall/ -- China North East Petroleum Holdings Limited (the "Company") , an oil producing company in Northern China, has entered into definitive agreements to sell 4 million shares of its common stock at a price per share of $4.60 pursuant to a registered direct offering to several select institutional investors, representing gross proceeds of approximately $18.4 million.

Investors will also receive warrants to purchase 800,000 shares of China North East Petroleum Holding Ltd.'s common stock. The warrants have an exercise price of $6.00 per share and are exercisable beginning six months after the closing of the transaction and before the two and a half year anniversary of such initial issuance date. The closing of the offering is expected to take place on or about Friday, September 18th, 2009, subject to the satisfaction of customary closing conditions. China North East Petroleum Holdings Ltd. plans to use the net proceeds from the offering to fund its future business expansion plan, and for general working capital purposes.

The shares and warrants are being offered by China North East Petroleum Holding Ltd. pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission dated September 9th, 2009. Rodman&Renshaw, LLC, a wholly owned subsidiary of Rodman&Renshaw Capital Group, Inc. , acted as the exclusive placement agent for the transaction.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The shares of common stock may only be offered by means of a prospectus. Copies of the final prospectus supplement and accompanying base prospectus can be obtained from the SEC's website at http://www.sec.gov/.

[RayNar]

NEP hat einen Ölbohrer übernommen, was schon vor einiger Zeit als Möglichkeit erwähnt wurde. Es hiess damals, daß sie sich breiter aufstellen wollen und Interesse an eigenen Bohrern hätten.
Vielleicht steigen ja jetzt die Chancen bei neuen geleasten Ölfeldern?

Wurde übrigens nur ein Teil des Barbestands verwendet, die KE war soweit ich mich erinnern kann über 30 Mio, der Kauf hier war nur über 13 Mio.


01.10.2009 14:37
China North East Petroleum Acquires Oil Drilling and Services Company

-- Acquisition Expands Company's Vertical Integration Within China's Oil E&P

Industry --

HARBIN, China and NEW YORK, Oct. 1 /PRNewswire-Asia-FirstCall/ -- China North East Petroleum Holdings Limited (the "Company" or "NEP") (NYSE Amex: NEP), an oil producing company in Northern China, today announced that it has acquired all of the equity interest in Song Yuan Tiancheng Drilling Engineering Co. Ltd. ("Tiancheng"), an oil drilling and services company based in Song Yuan City, China. This acquisition marks NEP's expansion into the oilfield services industry and enhances the Company's vertical integration within China's private oil exploration and production (E&P) industry.

NEP paid USD$13.0 million in cash for 100% of the equity interest in Tiancheng. Due to PRC legal restrictions, 5% of the equity interest has to be held in trust for the benefit of NEP.

Tiancheng is a leading oil drilling and services company with seven rigs in operation. With approximately 320 employees, it has the capacity to drill 220 wells on an annual basis. Tiancheng is the largest of three PetroChina- licensed private drilling operators based on the total number of drilling rigs. The company counts PetroChina and two private oil producers as its main customers. PetroChina represents the majority of the company's revenue and NEP has not utilized Tiancheng for drilling services in the past. In 2008, Tiancheng generated revenue of approximately $14.7 million, net profit of $5.2 million and was cash flow positive from operations.

"We are extremely pleased with this acquisition, which transforms China North East Petroleum into a more diversified oil exploration and production company," commented Mr. Hongjun Wang, President of China North East Petroleum. "We believe that the vertical expansion of our business into oilfield services will increase our competitive advantage and provide us with an opportunity to capture additional business from China's state-owned oil companies, who continue to invest heavily in the drilling and services sector. This agreement allows us to better develop lease opportunities with China's SOE's at terms that are more favorable for our company. Further, possessing in- house drilling rigs can accelerate our drilling schedule and lower operating costs. Tiancheng has generated consistently solid financial results, including operating margins in the mid-40% range, net margins in the mid-30% range and steady operating cash flow."

"With the addition of Tiancheng, we are building a platform that strengthens our relationships with SOEs, enhances our business development opportunities, reduces our exposure to oil price volatility and further establishes NEP as a major player in China's private oil E&P industry. We look forward to providing our shareholders with an update on our business in the coming weeks," concluded Mr. Wang.

[RayNar]

http://www.finanznachrichten.de/nachrichten-2009-10/15242955…

Wie immer steigende Förderungszahlen bei NEP. Im 4. Quartal kommen noch einige neue Bohrungen hinzu.


20.10.2009 14:32
China North East Petroleum Announces Preliminary 2009 Third Quarter Oil Production Results


Total Crude Oil Production for the Third Quarter in 2009 Increases 30% to
224,750 Barrels from the Same Period a Year Ago


HARBIN, China and NEW YORK, Oct. 20 /PRNewswire-Asia-FirstCall/ -- China North East Petroleum Holdings Ltd. (the "Company" or "NEP") (NYSE Amex: NEP), an oil producing and oilfield services company in Northern China, today announced preliminary oil production results for the third quarter of 2009.

The Company's crude oil production in the third quarter of 2009 totaled 224,750 barrels, a 30% increase compared to 172,730 barrels in the third quarter of 2008. The total number of wells in production as of September 30, 2009 was 259 compared to 251 at the end of the second quarter 2009 and 218 at the end of the third quarter 2008.

Mr. Hongjun Wang, President of China North East Petroleum 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."

Additional details of the 2009 third quarter performance will be reported and available in November 2009.

[RayNar]

Quartalszahlen bei NEP:


16.11.2009 13:45
China North East Petroleum Reports Third Quarter 2009 Financial Results


-- 3Q09 Production Output Increases 30% to 224,750 Barrels --

-- Issues Outlook for 4Q09 --


HARBIN, China and NEW YORK, Nov. 16 /PRNewswire-Asia-FirstCall/ -- China North East Petroleum Holdings Limited (the "Company") (NYSE Amex: NEP), a leading independent oil producing and oilfield services company in Northern China, today announced consolidated financial results for the third quarter ended September 30, 2009.

Third Quarter 2009 Results

Net sales in the third quarter were $14.4 million, down 24% from $19.1 million in the same period last year. This decrease was due to a 43% drop in the average oil sale price to $64.33 from $111.90 in the prior year period. Crude oil production output for the third quarter increased 30% to 224,219 barrels from 172,730 barrels in the prior year period, which offset the impact of lower oil prices. The increase in production output was mainly due to an increase in the number of producing wells to 259 (with 3 additional wells under construction) as of September 30, 2009 from 254 as of June 30, 2009 and 218 as of September 30, 2008. Of the wells operating on September 30, 2009, 227 producing wells are located in the Qian'an 112 oilfield, 18 in the Hetingbao 301 oilfield, 7 in the Daan 34 oilfield and 7 producing wells in the Gudian 31 oilfield.

Mr. Hongjun Wang, President of China North East Petroleum commented, "Despite a 43% decrease in the average oil sale price, we continue to report strong operating results, as our crude oil output increases year over year. We are pleased with our ability to broaden our production output, and with our ability to execute well against our internal plans. During the third quarter, we successfully raised $18.4 million in financing through a public offering of 4 million shares of our common stock. We were very encouraged by the market's response to our offering, and the funds allowed us to proactively pursue our consolidation goals. Shortly after our successful offering, we acquired Tiancheng, an oilfield services business. We are extremely excited about this acquisition, which transforms China North East Petroleum into a more diversified oil services and production company, with incremental revenue opportunities, additional lease opportunities, the ability to accelerate our drilling schedule and lower operating costs, and perhaps most importantly, diversify our cash flows in order to continue to achieve strong financial results in all market environments."

Cost of sales decreased by 39%, to $5.6 million for the three months ended September 30, 2009 from $9.2 million for the three months ended September 30, 2008. The decrease in cost of sales resulted primarily from a decrease in the oil surcharge paid to the PRC government, due to the decline in oil prices generally. For the current quarter, the Company paid an oil surcharge of $1.7 million to the PRC government as compared to $4.5 million paid for the prior year period. Gross profit in the third quarter decreased 11% to $8.8 million from $9.9 million in the same period last year. Third quarter gross margin increased 924 basis points to 61.2% compared to 52.0% in the prior year period.

Third quarter operating expenses increased to $1.1 million, or 7.5% of sales, from $1.0 million, or 5.1% of sales, in the third quarter of 2008. This is primarily a result of increased professional fees and consulting fees from recent business development activities. Third quarter operating profit was $7.8 million, or 54.2% of total sales, compared to $8.9 million, or 46.8% of total sales, in the prior year period.

Net income for the third quarter decreased 18% to $4.1 million, or $0.17 per diluted share, versus $5.0 million, or $0.24 per diluted share, in the third quarter of 2008.

On September 30, 2009, the Company had cash and cash equivalents of $33.2 million, compared with $22.7 million at the end of the second quarter. The current cash position includes $17.3 million net proceeds raised in a public offering in the third quarter. This was offset by the Company's $8.5 million initial cash payment for the Tiancheng acquisition in the 2009 third quarter. The remaining payment of $4.5 million was paid in October 2009.

Fourth Quarter and 2009 Financial Outlook

For the fourth quarter of 2009, the Company anticipates total revenue of approximately $28 million, which includes approximately $15 million in anticipated revenue from the oil production business and $13 million of revenue from Tiancheng oilfield services business. Net income in the fourth quarter is expected to be in the range of $9.1-$9.3 million, or $0.32 to $0.33 per diluted share, based on a weighted average share count of approximately 27.6 million shares. The Company's fourth quarter oil production revenue estimate is based on its heavy, sour grade of crude oil traded in Singapore priced at $65 per barrel. The Company expects to drill approximately 25 new wells in the fourth quarter.

For the full year 2009, the Company now expects full-year revenue of approximately $62.9 million. This estimate includes the fourth quarter contribution from Tiancheng. The Company also anticipates net income of approximately $18.3-$19.1 million, or diluted EPS of $0.78-$0.81, based on a weighted average share count of approximately 23.4 million shares, reflecting the partial-year impact of the shares issued in our recent offering. The Company expects to have a total of approximately 284 wells at the end of its 2009 fourth quarter.

Please note that the fourth quarter and full year guidance excludes an annual non-cash adjustment gain/charge associated with a change to its depreciation of oil properties. According to SEC regulations, companies principally involved in the exploration and production of petroleum need to update their proven oil reserve estimate annually. This change to the Company's proven oil reserve could impact the company's cost of goods sold in the 2009 fourth quarter and could have a material effect to its net income for the fourth quarter and full year 2009 periods. The company expects its full year audit to examine the depreciation rate of its oil properties will be completed at the end of the fourth quarter. More information related to this topic can be found in the Company's most recent 10-K filing with the SEC and its fourth quarter 2008 earnings press release.

Mr. Wang concluded, "We are very pleased with the evolution of our company. China Northeast Petroleum has now reached a point in our maturation where we have enough visibility to provide investors with guidance and updates on our progress relative to our stated goals. We are excited about the integration of Tiancheng, which we believe will be a strong complement to our oil production business. We are thrilled with our company's execution as it relates to our internal plans. We expect to be on target to drill another 25 wells in the fourth quarter, which makes the fourth quarter by far our busiest this year. We plan to drill another 60-70 new wells in 2010 within our four existing oilfields. We believe that there is an opportunity to drill an incremental 320 new wells within our existing oilfields over the next 3-5 years, positioning the company for significant growth over the coming years with minimal new capital investment.

"Finally, with our solid financial execution, our strong balance sheet, and our access to capital, we expect to continue to be a consolidator within the industry over the coming years. We will continue to be opportunistic about purchasing businesses that will allow us to increase in scale, drill more wells, acquire new leases, and expand into new regions, in order to add to our shareholder value and further diversify and strengthen our business well into the future."

[RayNar]

China North East Petroleum hat neben den sehr planbaren Zahlen aus der konstant steigenden Ölproduktion auch dieses Mal Einkünfte aus dem übernommenen Ölbohrer zu vermelden. Das scheint wirklich eine Bereicherung zu sein, der Kaufpreis lag bei nur 3* dem letztjährigem Gewinn. Meiner Meinung nach immer noch die beste und sicherste Möglichkeit am Öl zu verdienen.

[RayNar]

China North East Petroleum holt sich eine Ölbohr-Expertin mit Beziehungen zu PetroChina ins Board, da nach der (meiner Meinung nach äusserst guten) Akquisition vor Kurzem ein hoher Anteil des Umsatzes durch Bohren generiert wird. Nebenbei sind die Bohrer für ein Jahr bereits ausgebucht.

http://www.finanznachrichten.de/nachrichten-2009-12/15599813…

[RayNar]

NEP kauft einen neuen Bohrer, der eine Tiefe von bis zu 4000m erreichen kann. Man erhofft sich dadurch mehr Aufträge von Sinopec und eine bessere Ausbeutung des selbst gepachteten Jilin-Ölfeldes.

Somit haben sie folgende Bohrer:
3*2000m
3*3000m
2*4000m


04.12.2009 14:46
China North East Petroleum Subsidiary Tiancheng Orders New Deep Well Drilling Rig

HARBIN, China and NEW YORK, Dec. 4 /PRNewswire-Asia-FirstCall/ -- China North East Petroleum Holdings Ltd. (the "Company" or "NEP") (NYSE Amex: NEP), a leading independent oil producing and oilfield services company in Northern China, today announced that its oilfield services subsidiary, Song Yuan Tiancheng Drilling Engineering Co. Ltd. ("Tiancheng") has ordered a 4,000 meter drilling rig to add to its operational fleet.

This new rig will be delivered this month and is expected to be fully operational by January 2010. Once the drilling rig is delivered, Tiancheng will have eight operational drilling rigs, including two with a drilling depth of 4,000 meters, three that can drill up to 3,000 meters and three with the ability to drill up to 2,000 meters.

Mr. Hongjun Wang, President of China North East Petroleum commented, "We believe the addition of a new deep well drilling rig is the right strategic move for our business at this time. PetroChina has recently decided to expand its oil refinery in the northern province of Jilin and their refining capacity is expected to increase to 10 million metric tons per year, or approximately 200,000 barrels a day, up from 7 million tons annually. PetroChina is a major customer of ours and we believe that a second deep-well rig in our fleet could allow us to drill deeper into the Jilin oilfield on their behalf, potentially benefiting both our drilling services and oil production segments."

[RayNar]

Neues Hoch bei NEP

[RayNar]

NEP zieht den formal ersten Auftrag für die Ölbohr-Tochter an Land. Auftraggeber war wenig überraschend PetroChina. Momentan arbeitet man am Kapazitätsmaximum mit einigen langerlaufenden Verträgen.


14.12.2009 13:01
China North East Petroleum Subsidiary Tiancheng Signs Contract with PetroChina Jilin to Drill 30 New Wells

HARBIN, China and NEW YORK, Dec. 14 /PRNewswire-Asia-FirstCall/ -- China North East Petroleum Holdings Ltd. (the "Company" or "NEP") (NYSE Amex: NEP), a leading independent oil producing and oilfield services company in Northern China, today announced that its oilfield services subsidiary, Song Yuan Tiancheng Drilling Engineering Co. Ltd. ("Tiancheng") has signed a contract with PetroChina's Jilin ("PTR") branch to drill 30 new wells in PTR's MIN 52 oil field.

Drilling of the 30 wells is expected to commence in January 2010 with an expected completion date in June 2010. The value of this contract with PTR will depend on the drilling depth of each of the 30 wells drilled.

"We are pleased to sign this new drilling contract with PTR, which is our first since we acquired this business in September 2009," commented Mr. Hongjun Wang, President of China North East Petroleum. "This assignment to drill 30 new wells is a standard order from PTR and our other oilfield services customers. Most of Tiancheng's drilling contracts generally range between 20-40 installed oil wells. Tiancheng's drilling utilization rate is currently at capacity in the 2009 fourth quarter and we have existing drilling contracts that will carry over into 2010. We remain focused on maximizing Tiancheng's utilization rates as we head into the New Year and expect that our total number of drilling rigs along with the varied drilling depths of the rigs in our portfolio can lead to solid results in our services business next year. We are encouraged with our progress and are hopeful that we'll have additional drilling contracts to announce in the future."

ABOUT CHINA NORTH EAST PETROLEUM

China North East Petroleum Holdings Limited is an independent oil company that engages in the production of crude oil in Northern China. The Company is a pioneer in China's private oil exploration and production industry, and the first Chinese non-state-owned oil company trading on the NYSE Amex.

The Company has a guaranteed arrangement with the PetroChina to sell its produced crude oil for use in the China marketplace. The Company currently operates four oilfields in Northern China. The Company also recently added an oil service subsidiary through its acquisition of Song Yuan Tiancheng Drilling Engineering Co. Ltd. ("Tiancheng"). For more information about the Company, please visit http://www.cnepetroleum.com/ .

[stupidgame]

Seit 1 Minute Trading Halt.
Noch keine Ahnung, warum.

s.

[RayNar]

Die absolut beste Nachricht wäre die Bekanntgabe von dem Leasen neuer Ölfelder. Mir gefällt die jetzt noch stärkere Zusammenarbeit mit PetroChina, vielleicht haben die neuen Verträge die Entscheidung leichter gemacht (was auch von NEP schonmal erwähnt wurde, dass sie sich durch das Anbieten von dem gesamten Spektrum Vorteile erhoffen). Aus Sicht von PetroChina würde ich auch eine Übernahme oder Beteiligung als sinnvoll erachten, aber das ist ferne Spekulation.

In anderen Boards hab ich noch nichts gelesen, bleib natürlich dran.

CBPO ging übrigens heute auch durch die Decke, nachdem ein 2. Analyst die Aktie auf kaufen gesetzt hat.

[RayNar]

14.12.2009 18:29
China North East Petroleum Holdings Ltd. to Raise $13.5 Million in Registered Direct Offering

HARBIN, China and NEW YORK, Dec. 14 /PRNewswire-Asia-FirstCall/ -- China North East Petroleum Holdings Limited (the "Company") (NYSE AMEX: NEP), a leading independent oil producing and oilfield services company in Northern China, has entered into definitive agreements to sell 1,963,637 million shares of its common stock at a price per share of $6.875 pursuant to a registered direct offering to several select institutional investors, representing gross proceeds of approximately $13.5 million.

Investors will also receive warrants to purchase 392,728 shares of China North East Petroleum Holdings Ltd.'s common stock. The warrants have an exercise price of $8.10 per share and are exercisable beginning six months after the closing of the transaction and before the two and a half year anniversary of such initial issuance date. The closing of the offering is expected to take place on or about Thursday, December 17, 2009, subject to the satisfaction of customary closing conditions. China North East Petroleum Holdings Ltd. plans to use the net proceeds from the offering to redeem its 8% Senior Debenture issued to Lotusbox Investments Ltd on February 28, 2008 and for general working capital purposes.

The shares and warrants are being offered by China North East Petroleum Holdings Ltd. pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission dated September 9th, 2009. Rodman&Renshaw, LLC, a wholly owned subsidiary of Rodman&Renshaw Capital Group, Inc. , acted as the exclusive placement agent for the transaction.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The shares of common stock may only be offered by means of a prospectus. Copies of the final prospectus supplement and accompanying base prospectus can be obtained from the SEC's website at http://www.sec.gov/ .

[RayNar]

Hmm.
+ Sehr guter Preis für die KE
+ das alte Klotz am Bein ist endlich weg, der Kredit von Lotusbox
+ NEP dürfte praktisch schuldenfrei sein. (LT debt 4,14, other liabilities 9,3. Keine Ahnung wo genau Lotusbox drinsteckt)

aber:
das Momentum ist verspielt, ich bezweifel daß der Kurs an die Kletterpartie anknüpft und weitermacht.

[stupidgame]

Handel läuft weiter. Aktuell 6,89$, schon 2,36m Stück gehandelt.

s.

[RayNar]

Ein lesenswerter Ausschnitt aus einem Artikel von SeekingAlpha.
http://seekingalpha.com/article/179945-six-undervalued-stock…


China North East Petroleum Holdings Ltd (NYSE: NEP)

NEP is an ultra-low cost oil producer and driller based in North-East China. Its costs of drilling, production and administration are a small fraction of those in USA. And yet NEP reaps the full benefit of high global oil prices – it sells all its oil to PetroChina at arms-length prices as determined in Singapore. This combination of ultra-low input costs and full market selling price enables NEP to enjoy high profit margins, produce strong cash flows and expand vigorously by drilling more wells.

NEP recently acquired its own drilling company capable of drilling to 13,000ft. This is a significant profit generator in its own right and NEP has signed contracts keeping it at full capacity until mid 2010. Any spare capacity that may emerge can be filled by NEP drilling additional wells for itself.

I first wrote about NEP in 2008 when it was a $2 stock. Now the stock trades at $7.96 (close, Dec 24) and I have a high degree of confidence that the company and the stock will continue to perform strongly into the future. Management repeatedly under-promise and over-deliver and have achieved a great deal more than expectations in a relatively short period of time.

On Dec 15, NEP announced a placing of 2 million shares at $6.88/share with selected institutional investors raising $13.5m cash. The company advised it will use $8.5m of the proceeds to repay a secured debenture NEP entered into in February 2008 i.e. a time when NEP was quoted as a lowly OTC stock (CNEH.ob) and had few available financing options, thus the terms of that Feb 2008 financing were undesirably restrictive. Given that NEP had $33m cash on its balance sheet as at September 30, 2009, it would appear that NEP didn’t actually need to place 2 million shares in order to raise $8.5m to repay the debenture. What is more likely is that NEP is on the cusp of acquiring more acreage, a subject that management have discussed frequently in recent months. This would be yet another forward step for NEP and fully in line with the many positive developments the company has achieved this past couple of years.

At $7.96 the shares trade on a 2010 p/e of 6.3 based on broker EPS of $1.26. These broker estimates are calculated using $65/bbl oil. With oil priced above $80/bbl in 2010 NEP would produce EPS of nearly $1.50. Global economic metrics suggest that oil prices will strengthen in 2010 and again in 2011. There is every reason to expect NEP to have a p/e of 10 by late 2010, equating to a share price of about $15. If and when NEP uses some of its cash balance to acquire additional leases the stock should advance further.

[RayNar]

Noch ein sehr langer und ausführlicher Artikel über NEP, veröffentlicht am 4. Januar auf SeekingAlpha:
http://seekingalpha.com/article/180715-why-i-am-still-long-c…

Lesen!

[oyek]

Antwort auf Beitrag Nr.: 38.700.156 von RayNar am 09.01.10 14:07:10

9.31% minus

[RayNar]

NEP zahlt endlich den alten und inzwischen unnötigen Kredit an Lotusbox zurück. Soweit ich mich erinnern kann, war dieser an Bedingungen gekoppelt, die nun der Vergangenheit angehören.

Die Kursschwäche ist querbeet in vielen chinesischen Aktien an amerikanischen Börsen zu beobachten und hat nichts mit der Nachricht zu tun (wurde auch schon im Dezember angekündigt bei der KE).

China North East Petroleum Holdings Ltd. Repays 8% Secured Debenture

HARBIN, China and NEW YORK, Jan. 13 /PRNewswire-Asia-FirstCall/ -- China North East Petroleum Holdings Limited (the "Company") (NYSE AMEX: NEP), a leading independent oil producing and oilfield services company in Northern China, today announced that it has repaid in full its 8% Secured Debenture (the "Debenture") plus accrued interest to Lotusbox Investments Limited Investor ("Lotusbox").

As of January 11, 2010, the total amount owed on the $15.0 million Secured Debenture issued in February 2008 was approximately $10.7 million, which includes remaining principal plus accrued interest. In addition to using the proceeds from its December 2009 public offering, the Company also applied the aggregate exercise price of approximately $2.0 million from Lotusbox's exercise of Series B Common Stock Purchase Warrants to offset the full repayment of the Secured Debenture. The Debenture would have matured on February 28, 2012. No early termination or prepayment penalties were incurred by the Company in connection with such termination.

Mr. Hongjun Wang, President of China North East Petroleum commented, "We are pleased to retire our debt obligations to one of our major investors. This transaction will strengthen our balance sheet and further enhance our capital structure ultimately providing us with greater flexibility to support our strategic expansion and development of new growth initiatives."

Additional information about this transaction can be found in the Company's most recent 8-k filing with the SEC.

[RayNar]

Ein netter Bericht über NEP von thestreet.com, im Vergleich mit den Grossen der Branche:

http://www.thestreet.com/print/story/10682235.html


Small Driller Rivals Exxon: Under the Radar
Jake Lynch
02/17/10 - 08:11 AM EST
NEW YORK (TheStreet) -- Shares of China North East Petroleum(NEP Quote) have climbed 452% during the past year, and they could keep rising thanks to profit margins that outstrip those of Exxon Mobil(XOM Quote) and Chevron(CVX Quote).

China North is a non-state-owned oil producer listed on the NYSE Amex exchange. Despite the stock's strong performance, it remains a relative unknown on Wall Street. Just one firm, Rodman & Renshaw(RODM Quote), covers the company, rating the stock "market outperform" with an $11 price target.

Third-quarter profit decreased 18% to $4.1 million and earnings per share tumbled 29% to 17 cents, hurt by a larger float. Revenue dropped 24% to $14 million. However, the low-cost driller's profit spreads continued to improve. Its gross margin widened from 52% to 81%, and its operating margin rose from 47% to 54%. Here's a look at China North's quarterly net margin and those of bigger peers.

Net Profit Margin
China North East Petroleum(NEP Quote): 28%
Chevron(CVX Quote): 8.9%
Exxon Mobil(XOM Quote): 6.5%
Royal Dutch Shell(RDS.A Quote): 4.3%
ConocoPhillips(COP Quote): 4.1%

China North benefits from 20-year lease agreements with PetroChina(PTR Quote), the mainland's largest producer, which purchases all oil extracted from the Jilin Qian'an oilfield. China North has leasing rights at three other oilfields in Jilin province, and completed its acquisition of Song Yuan Tiancheng Drilling Engineering, an oilfield services specialist, in October.

The subsidiary recently inked a contract with PetroChina to drill 25 wells before June 2010. And management has expressed interest in further acquisitions. There are a handful of smaller, privately-held drillers in Jilin that would bolster growth with minimal balance sheet damage. China North possesses ample liquidity, with $33 million of cash and $12 million of debt.

China North's stock has soared 84% during the past three months. Still, shares are cheap relative to those of oil and gas peers based on all of our metrics. Here is a snapshot of the stock's valuation.

Price/Earnings: 12.2 versus an industry average of 20
Price/Projected Earnings: 7.9 versus an industry average of 14
Price/Book: 3.0 versus an industry average of 3.4
Price/Sales: 4.8 versus an industry average of 10
Price/Cash Flow: 6.8 versus an industry average of 7.9

Though the energy market's outlook remains murky, investors weighing the sector should consider China North. It offers ideal geographic exposure and short-term growth catalysts. The stock has fallen 14% from a 52-week high recorded on Jan. 6. A beta value of 2.6 indicates that the shares magnify market swings.

-- Reported by Jake Lynch in Boston.

[oyek]

Sieht nicht gut aus...!

China North East Petroleum Announces Revisions to Previously Issued Financial Statements for 2008 and 2009 Due to Non-Cash Accounting Adjustments

http://finance.yahoo.com/news/China-North-East-Petroleum-prn…

[RayNar]

Sieht nicht gut aus??
Mir persönlich geht die Meldung ziemlich am A.. Hintern vorbei.

Es geht nur um die korrekte Bilanzierung von ausgegebenen Warrants, die rein garnix mit dem operativen Ergebnis und Geschäft zu tun haben. Hab ich inzwischen schon oft genug gesehen.

Kurzes Beispiel:
Ich gebe Warrants zu 10 Dollar aus.
Der Kurs der Aktie steigt auf 15, weshalb ich im nächsten Quartal einen Buchverlust von 5 Dollar pro Warrant ausgeben muß.

Und andersum: fällt die Aktie wieder zurück auf 12, darf ich auf einmal einen Buchgewinn von 3 Dollar pro Warrant gutschreiben.

Also, alles virtuell und dementsprechend zu vernachlässigen.

NEP ist super aufgestellt, besonders nach dem Kauf des Bohrunternehmens. Diese sind schon für das Jahr ausgebucht und werden sich spürbar auf die Zahlen auswirken. Der Ölpreis hat sich auch positiv entwickelt und durch die wie jedes Jahr/Quartal steigende Fördermenge müsste ein wirklich gutes Ergebnis erziehlt werden.

Einziges Manko bleibt, daß trotz der intensiven Zusammenarbeit mit Petrochina (jetzt noch zusätzliches durch das Bohrunternehmen) noch keine Meldung über weitere Ölfelder oder das weitere Vorgehen veröffentlicht wurde.

[RayNar]

NEP braucht noch ein Weilchen für die Jahreszahlen, hält aber mit zusätzliches Infos bei Laune:


30.03.2010 14:39
China North East Petroleum Announces Reporting Date for Fourth Quarter and Full Year 2009 Financial Results


-- Company Files Form 12b-25 for Filing Extension Request --
-- Completes Annual Proved Oil Reserve Report --


HARBIN, China and NEW YORK, March 30 /PRNewswire-Asia-FirstCall/ -- China North East Petroleum Holdings Ltd. (the "Company" or "NEP") (NYSE Amex: NEP), a leading independent oil producing and oilfield services company in Northern China, today announced that the Company will report its fourth quarter and full year 2009 financial results before the market opens on Thursday, April 15th, 2010.

Management will host a conference call at 8:30 am ET on Thursday, April 15th. Listeners may access the call by dialing #1-719-457-2644. To listen to the live webcast of the event, please go to http://www.viavid.net/ . Listeners may access the call replay, which will be available through April 29th, by dialing #719-457-0820; passcode: 8793045.

The Company has filed a Form 12b-25 with the Securities and Exchange Commission to delay the filing of its Annual Report on Form 10-K for the year ended December 31, 2009. The Company is unable to prepare and review all necessary information and disclosures in its Annual Report on Form 10-K within the initial filing deadline of March 31, 2010 without incurring unreasonable effort and expense as a result of the restatement of the Company's financial statements for the fiscal year 2008 and the interim periods during fiscal year 2009 as previously disclosed. The Registrant will file its Annual Report on Form 10-K on Thursday, April 15th, 2010. Additional information regarding the Company's extension request can be found in the Form 12b-25, which may be viewed on the SEC's website at: http://www.sec.gov/ .

Additionally, the Company reported that it has completed its annual proved oil reserve report, which concluded that the total proved, probable and possible reserves for all of its four existing oilfield locations are 8.75 million barrels for year end 2009. Proved reserves for 2009 increased 39% to 6.13 million barrels from 4.40 million barrels for year end 2008 due to the increase of additional wells drilled by the Company in 2009. Based on required SEC regulations, companies principally involved in the exploration and production of petroleum need to update their proved oil reserve estimates annually. The Company's estimates of proved reserves are made using available geological and reservoir data as well as production performance data. These estimates independently conducted by a US geological engineering firm base on the data provided by the Company's engineers, are reviewed annually and revised, either upward or downward, as warranted by additional data. Additional information related to this topic can be found in the Company's 2009 Form 10-K which is expected to be filed on April 15th, 2010.

[RayNar]

NEP kann den Jahresbericht nicht fristgerecht fertigstellen! Wird heute also einiges runtergehen. Mögliche Chance für Langfrist-Investoren..

[RayNar]

Antwort auf Beitrag Nr.: 39.340.773 von RayNar am 15.04.10 14:04:49

NEP hat weiterhin Probleme mit der Fertigstellung des Berichts und wurde von der AMEX "gehalted".

Operativ ist alles in bester Ordnung, aber die Finanzabteilung hat wohl gehörig geschlafen. Bei Wiederaufnahme besteht also die Chance auf einen Kurssprung - nach oben oder unten..

[RayNar]

Antwort auf Beitrag Nr.: 39.592.733 von RayNar am 27.05.10 13:48:46

Autsch, eher nach unten:

Es wurde beim Jahresabschluss und beim 10Q Unregelmässigkeiten entdeckt, die jetzt aufgeklärt werden sollen. Genauer gesagt handelt es sich um Banktransfers an den CEO und CFO, die wohl nicht nur zur Bezahlung von Ausgaben benutzt wurden.
Die unabhängigen Direktoren übernehmen das Ruder und haben unter anderem die beiden Übeltäter erstmal rausgeschmissen.
Bis Anfang Juni, wenn die nächste und wohl letzte Frist der AMEX läuft, wissen wir wohl mehr.

27.05.2010 17:31
China North East Petroleum Holdings Ltd. Receives Non-Compliance Notification from NYSE AMEX LLC; Stock Trading Halt


HARBIN, China and NEW YORK, May 27 /PRNewswire-Asia-FirstCall/ -- China North East Petroleum Holdings Ltd. (the "Company" or "NEP") (NYSE Amex: NEP), a leading independent oil producing and oilfield services company in Northern China, today reported that On May 25, 2010, the Company received a written notice from NYSE AMEX LLC ("AMEX") advising that the Company is not in compliance with AMEX's continuing listing criteria set forth in Sections 134 and 1101 of the NYSE Amex LLC Company Guide (the "Company Guide"). Specifically, AMEX noted that the Company has not timely filed its annual report on Form 10-K for the fiscal year ended December 31, 2009 and its quarterly report on Form 10-Q for the quarter ended March 31, 2010 (together, the "Reports"). In addition, AMEX stated that the Company's failure to file its Reports is a material violation of its listing agreement. Pursuant to 1003(d) of the Company Guide, AMEX is authorized to suspend, and unless prompt corrective action is taken, remove the Company's common stock from AMEX. AMEX halted trading of the Company's common stock on the same day.

As the Company disclosed in its current report on From 8-K filed on April 16, 2010, AMEX required that the Company submit a plan of compliance by April 29, 2010 with the action the Company has taken, or will take, to file the 10-K for 2009 and bring the Company into compliance with the listing standards no later than July 14, 2010 (the "Plan"). As AMEX required, the Company submitted its Plan on April 29, 2010, which the Corporate Compliance Department of AMEX currently is evaluating. As stated in the current notice from AMEX, the Company may supplement its Plan until June 8, 2010. The Company intends to submit such supplement by June 8, 2010.

The Company also previously disclosed in a press release issued on April 16, 2010 and as an exhibit to its current report on From 8-K filed on April 16, 2010, that, in the process of the Company's 2009 year end audit review, the Company identified potential internal control deficiencies over financial reporting in connection with certain expenditures relating to business development activities and the accounting treatment of certain of the Company's accounts payables. In response, on April 15, 2010, the Board of Directors directed and authorized the Audit Committee of the Board of Directors (the "Audit Committee") to conduct a thorough review of the situation and to determine what corrective action, if any, should be taken.

On April 19, 2010, the Audit Committee retained the services of John Lees Associates Limited of Hong Kong ("JLA") to conduct a forensic audit of the Company's bank accounts with respect to the expenditures relating to business development activities in question. The forensic audit preliminarily found that in 2009, cash transfers occurred between the bank accounts of the Company and its subsidiaries and the personal bank accounts of Mr. Hongjun Wang, the Company's chief executive officer, and Ms. Guizhi Ju, a Company director and mother of Mr. Hongjun Wang. The forensic audit has confirmed that some of the transferred funds were used to pay the Company's expenses. To date, there is no indication that any of the funds were used for personal purposes. The forensic audit is ongoing.

Immediately following the JLA preliminary report, on May 6, 2010, the Board of Directors adopted a specific policy that none of its assets, including cash, should be transferred or paid to any officer or director of the Company or its subsidiaries for any purpose without the approval of the Audit Committee other than (i) payment of transfers pursuant to service agreements between the Company and its officers and directors duly authorized and adopted by the Board of Directors or its committees; or (ii) reimbursement of reasonable expenses not exceeding $10,000 in any given week.

After an update of the preliminary report by JLA, the Board called a special meeting to discuss the situation on May 21 and 22, 2010. As a result of these meetings, on May 23, 2010, the Board through unanimous written consent took the following corporate actions:

(i) Accepted the resignation of its chief financial officer, Mr. Yang
Zhang, and appointed Mr. Andrew Kan from JLA to serve as interim
acting chief financial officer until a permanent chief financial
officer is duly appointed.
(ii) Accepted the resignation of Ms. Ju as a director of the Company.
(iii) Accepted the resignation of Mr. Hongjun Wang as the Chairman of the
Board but allowed him to continue as a director pending the outcome
of the current forensic audit.
(iv) Appointed the Company's independent director, Mr. Edward Rule, as
Chairman of the Board.
(v) Placed Mr. Hongjun Wang on administrative leave as chief executive
officer pending the outcome of the current forensic audit.
(vi) Appointed the Company's independent director, Mr. Jingfu Li, as the
interim acting chief executive officer.
(vii) Directed that all expenditures of the Company and its subsidiaries
over US$10,000 be approved in advance by the Chairman of the Audit
Committee.


The Company believes that these remedial measures will prevent further failure of the Company's financial controls and procedures and preserve the assets of the Company. As the forensic audit continues, the Company is treating this serious matter with the utmost urgency. Upon further findings of the forensic audit, the Company will continue to implement measures as the situation demands.

[christian76]

morgen könnte es wieder weitergehen.

[screamz]

53C: WIEDERAUFNAHME/RESTART
DIE FOLGENDE AKTIE WIRD MIT SOFORTIGER WIRKUNG WIEDER IN DEN HANDEL
AUFGENOMMEN:
THE FOLLOWING SHARE IS RESUMED TRADING WITH IMMEDIATE EFFECT:

INSTRUMENT NAME KUERZEL/SHORTCODE ISIN

China N.E.Petroleum Hldgs Inc. 53C US16941G1022

[RayNar]

Großauftrag an die Tochter von NEP, 100 Ölbohrungen.
Übrigens wurden keine Anzeichen von Veruntreuung oder dergleichen in den Büchern von NEP gefunden! Es mußte aber der Wert ihrer Ölfelder und die ausgegebenen Warrants berichtigt werden, siehe letzte große PM.



28.09.2010 15:20
China North East Petroleum Subsidiary Tiancheng Signs Contract to Drill 100 New Wells


HARBIN, China and NEW YORK, Sept. 28 /PRNewswire-Asia-FirstCall/ -- China North East Petroleum Holdings Ltd. (the "Company" or "NEP") (NYSE Amex: NEP), a leading independent oil producer and oilfield services company in Northern China, today announced that its oilfield services subsidiary, Song Yuan Tiancheng Drilling Engineering Co. Ltd. ("Tiancheng"), has signed a contract with Beijing Junlun Runzhong Technology Co. Ltd. ("JLRZ") to drill 100 new wells in JLRZ's oilfield in Inner Mongolia. This is the Company's first drilling contract with JLRZ and the sixth drilling contract signed since the acquisition of Tiancheng in the second half of 2009.

Drilling of the 100 wells is expected to commence this month and be completed by September 2011. Tiancheng will allocate two rigs to Inner Mongolia and each well is expected to drill 50 wells during the one-year contract term. The value of this contract with JLRZ will be contingent upon the drilling depth of each of the 100 wells drilled.

The Company's executive management team had the following comments regarding Tiancheng's new well drilling contract: "We are very pleased to have signed our sixth drilling contract since we acquired Tiancheng in 2009. Through the first eight months of this year, Tiancheng has completed the drilling of 142 wells which more than doubles the number of wells we completed in 2009, post acquisition. With more drilling contracts under negotiation, we expect that Tiancheng will continue to contribute significantly to our top line growth going forward."

[hasi22]

stelle soeben fest, dass ich gestern noch zu 4.88 bedient wurde

dies scheint mir ein sehr interessantes Objekt

Zahlen in Dollar

Trailing P/E (ttm, intraday): 4.20
Forward P/E (fye Dec 31, 2011)1: 5.96
Profitability
Profit Margin (ttm): 48.65%
Operating Margin (ttm): 59.45%
Income Statement
Revenue (ttm): 101.04M
Revenue Per Share (ttm): 3.80
Total Cash (mrq): 45.67M
Total Cash Per Share (mrq): 1.55
Total Debt (mrq): 4.03M
ating Cash Flow (ttm): 26.75M

einfach perfekt !!!!!!!!!!!!

[Batistamegan]

Antwort auf Beitrag Nr.: 40.268.513 von hasi22 am 05.10.10 18:49:20

Hallo Hasi22, woher hast du die Zahlen ?
Aber ja schaut sehr verführerisch aus

MfG

[hasi22]

Antwort auf Beitrag Nr.: 40.271.918 von Batistamegan am 06.10.10 10:19:38

Hallo Batistamegan,

alle Zahlen aus http://finance.yahoo.com/

Comdirekt
KGVe:
4,6043

google finance
P/E 4.15 Div/yield - EPS 1.62

swissquote
Earnings per share ¨¨¨¨P/E ratio
1.32¨¨¨¨¨¨¨¨¨¨¨¨¨¨¨¨¨¨¨¨¨ 4.23

auch UBS hat ähnliche Zahlen

-----------------------------------------------------------------------------

bin weiter zuversichtlich, die Auswirkungen des Grossauftrages können erst in ein paar Wochen von den Analysten eingearbeitet sein.

und

The company is being the most transparent Chinese company ever, if they wanted to hide anything they would have just gone private and taken all shareholders money.

und

This tradeoff is what sets NEP appart from Big Oil: betting on China's insatiable thirst for oil NEP has re-invested earnings into drilling and achieved triple digit quarterly growth.

.80 eps last qtr alone on a fully diluted basis = EPS 2.4 pro Jahr
(ohne die neuen Facts)

[christian76]

schöner Bericht:

http://seekingalpha.com/article/228908-china-north-east-petr…

[hasi22]

Antwort auf Beitrag Nr.: 40.282.983 von christian76 am 07.10.10 16:37:13

Danke schöööön,


ist ja suuuuppper, Ziel 12 $

[hasi22]

Earnings Estimates based on $65 Oil???? 8-Oct-10 09:08 am ...NEP will blow out earnings estimates...is this CORRECT???

gemäss weitern Scripts:

Dies ist richtig und Petrochina bezahlt für das Rohoel Marktpreise

- damit dürften die Erträge etwa 23% höher ausfallen
( sofern die gleiche Menge gepumpt wird)

Kurs heute:
China North East Petroleum Hold(AMEX: NEP)
Real Time 7.05 0.21 (3.07%) 12:20PM EDT

[christian76]

Antwort auf Beitrag Nr.: 40.291.354 von hasi22 am 08.10.10 18:26:36

Naja,
Marktpreise abzüglich eines Discounts.

Ich gehe davon aus, das der Output weiter gesunken ist weil keine neuen wells gebohrt wurden.
Werden hoffe ich trotzdem gute Zahlen. Bin mal gespannt was sie mit dem Cash machen. Am besten wird ein zusätzliches Ölfeld gepachtet und zusätzlich noch neue Bohrer für Tiancheng.

[hasi22]

eigenartig

auf Yahoo schwankt der Premarket Preis


China North East Petroleum Hold(AMEX: NEP)

Real Time 7.32 0.33 (4.72%) 9:50AM EDT


(vor ca 1/2 Stunde war +3.25 %)

[hasi22]

NEP auf der Buyliste

7.33 0.34 (4.86%) 3:20PM EDT

http://us.rd.yahoo.com/finance/external/mfool/SIG=12fu2748c/…

PE um die 4

Ziel gemäss Yahoo 11.-

[hasi22]

täglich weiterer Zugewinn

NEP AMX $7.93 +0.26 +3.39% 7.93(3) 7.94(1) 8.09 7.74 7.74 vol 527,476

Thursday, October 14, 2010, 10:55AM
Short-term trading position initiated on China North East Holdings (NYSE AMEX:NEP) @ $7.96.
Brooke through resistance $$.

http://geoinvesting.com/companies/nep_china_north_east_holdi…

[hasi22]

Antwort auf Beitrag Nr.: 40.323.512 von hasi22 am 14.10.10 18:36:54

heute etwas erholt At 4:00PM EDT: 7.18 0.15 (2.13%)
etwa so könnte es weiter gehen (aus Yahoo Board)

Buying NEP near $7 is wise. It is almost 100% sure that there will soon be;
- Further new drilling contract wins
- Good oil production numbers released for Q3 in next week or two
- Strong cashflow
- Analyst coverage

Ok, the shares will be in $8 to $10 range in next few weeks on the back of the announcements we know will happen. The icing on the cake, when it happens, will be the oil property acquisition. This will put the shares way above $10.

NEP is a safe and cheap stock with strong upside. Fwiw I'm buying more shares at current level, especially in $7.00 to $7.15 range.

Buy when there is fear on the street, particularly ahead of positive news items.

[hasi22]

NEP auf der Wallstreet Buy List

http://www.fool.com/investing/general/2010/10/11/wall-street…

[hasi22]

Antwort auf Beitrag Nr.: 40.368.387 von hasi22 am 21.10.10 18:50:37

sorry, ist nicht neu, aber immer noch gut

[hasi22]

Endlich Rebound

heute At 4:00PM EDT: 6.86 0.46 (7.19%)

(wobei ich zugegeben enttäuscht bin, dass es überhaupt so weit runter ging).

Nun Mitte Nov. werden die neusten Zahlen kommen und die werden aller Wahrscheinlichkeit nach sehr gut sein

[hasi22]

Geduld zahlt sich aus !!

NEP China North East Petroleum Hold 7.70 vol 505,325 6.94%

und China hat zuwenig Diesel !!!

[hasi22]

EIA revidiert Prognose nach oben

die Bohrer werden begehrt bleiben !

HB PARIS. Der rapide steigende Energiebedarf Chinas, Indiens und anderer Schwellenländer wird die Ölpreise nach Einschätzung der Internationalen Energieagentur (IEA) in den kommenden 25 Jahren kräftig in die Höhe treiben. Allein der chinesische Energiebedarf werde zwischen 2008 und 2035 um 75 Prozent zunehmen, prognostiziert die in Paris ansässige IEA in ihrem am Dienstag veröffentlichten Ausblick für den Energiemarkt (World Energy Outlook).

"Die wachsende Bedeutung Chinas auf dem Weltenergiemarkt kann nicht genug betont werden", heißt es in dem Bericht. Und weiter: "Die uns vorliegenden vorläufigen Daten deuten darauf hin, dass China die Vereinigten Staaten 2009 als den weltweit größten Energieverbraucher abgelöst hat." Auch 2035 seien die USA schätzungsweise immer noch der zweitgrößte Energieverbraucher hinter China und weit vor Indien, schreiben die Autoren........

http://www.handelsblatt.com/finanzen/rohstoffe/iea-prognose-…

[christian76]

also so langsam könnte mal ne Meldung bezüglich der Veröffentlichung der Zahlen zum 3.Quartal kommen. Hoffentlich kriegen sie es diesmal zeitnah hin.

[hasi22]

Antwort auf Beitrag Nr.: 40.521.786 von christian76 am 15.11.10 12:12:00

Die 1. und 2. Q Zahlen kamen jeweils ca 2 Monate später.

Also nur Gelduld, per Anfangs Dezember wird's wohl werden

[christian76]

Antwort auf Beitrag Nr.: 40.522.714 von hasi22 am 15.11.10 14:23:44

geht doch.....



China North East Petroleum Announces Reporting Date for Third Quarter 2010 Financial Results
PR Newswire Posted 5:28 PM 11/15/10


HARBIN, China and NEW YORK, Nov. 15, 2010 /PRNewswire-Asia-FirstCall/ -- China North East Petroleum Holdings Ltd. (the "Company" or "NEP") (NYSE Amex: NEP), a leading independent oil producing and oilfield services company in Northern China, today announced that the Company will report its third quarter 2010 financial results after the market close on Friday, November 19th, 2010.

See full article from DailyFinance: http://srph.it/cza0w6

[hasi22]

Antwort auf Beitrag Nr.: 40.539.885 von christian76 am 17.11.10 17:44:25

besten Dank,
hoffen wir das Beste

China North East... NEP 7.11* +0.07 (0.97%)

(brauchte neuen PC. Da biste etwa 2 Tage ausser Gefecht gesetzt bis alles wieder läuft, phuu!)

[hasi22]

es liegt eine Schätzung vor:

Earnings Estimate 19-Nov-10 02:57 am Numbers are based on only a small handful of new wells being brought into production in Q3.

Total oil: 205,000 barrels, up very marginally on Q2,2010.
Ave price: $70 per barrel, this is low ball.

Oil Sales: $14.35m
Drilling Sales: $10.5m
Total Sales: $24.86m

EPS normal: 29 cents
EPS diluted: 28 cents ( mal 4 =1.12 $)

dies würde eine PE von 6.34 ergeben

- bald wissen wir mehr !

http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks…

[Peterace]

Antwort auf Beitrag Nr.: 40.552.116 von hasi22 am 19.11.10 10:14:30

So, Zahlen sind da:

11/19/2010
China North East Petroleum Reports Third Quarter 2010 Financial Results

http://cneh.irpage.net/details.php?id=41903

[hasi22]

Antwort auf Beitrag Nr.: 40.558.099 von Peterace am 19.11.10 23:52:25

besten Dank.

Die Zahlen sind etwas weniger gut (Oelverkauf 3.q) als weiter unten vorausgesagt.
Jedoch bei Hochrechnung auf ganz 2010 shr gut.
Auch die Liquidität ist sehr gut und die Schulden mehr als halbiert.

Für die ersten 9 Monate

Net income (loss) per share


- diluted
3.q /¨¨ 3.q 09¨¨¨¨¨¨9 Monate 10¨¨9 Monate 09
$ 0.22¨¨ $ 0.31 $¨¨¨¨ 1.72 $¨¨¨¨¨¨¨¨ (0.81)

Damit könnte sich die PE 2010 auf
EPS 1.92 Kurs 7 = PE 3.6

Nachbörslich höher gestellt
After Hours: 7.10 0.16 (2.31%) 7:52PM EST

[christian76]

Antwort auf Beitrag Nr.: 40.559.561 von hasi22 am 20.11.10 16:37:18

Ich kapier des irgendwie nicht so ganz.
Die sagen sie können auf den vier Feldern die sie haben noch doppelt so viele Bohrlöcher bohren. Aber sie bohren lieber für andere und erhöhen ihre Cashposition für eine Aquisition. Ich denke das könnte man auch etwas ausgewogener gestalten, das man wenigstens den Output stabil hält.
Bin echt mal gespannt was sie mit dem Geld machen.

[hasi22]

Hier noch alle nur erdenklichen Informationen (engl.)

http://seekingalpha.com/instablog/494755-stockgod/114320-an-…

Die nächte Sharholder Info findet jedenfalls am 15. Dez statt.

Ich bleibe dabei,
Oel, welches nicht gepumpt wurde bleibt wohl im Boden
und sie bohren weitere Löcher (100 Rigs im 2011)

[hasi22]

der kleinere Oelumsatz, alles nur Wetterbedingt

First it was auditing, then the world economy, now its weather....geez

Total oil production in the third quarter 2010 was 135,473 barrels, a 40% decrease from 224,219 barrels in the prior year third quarter period. This decrease was primarily due to unexpected severe flooding that washed out roads disabling the passage of oil delivery trucks. Oil production was also slightly impacted by the natural depletion of production output among existing wells. In the third quarter 2010, three new oil wells were drilled in the Company's oilfields, bringing the total number of producing wells to 292 compared to 259 in the third quarter of the prior year period.

Nun gefriert doch die ganze Gegend und man kann mit Riesentrucks darüber fahren

[christian76]

Antwort auf Beitrag Nr.: 40.567.510 von hasi22 am 22.11.10 16:44:16

ja, der größte Teil geht bestimmt auf das Wetter.
Aber: "Oil production was also slightly impacted by the natural depletion of production output among existing wells".

Hab woanders auch gelesen das NEP ab 2012 höhere Royalties zahlen muß:
Also, NEP currently pays a 20% royalty for these wells, which will increase to 40% in 2012. By decelerating and reallocating resources to new opportunities they can still generate great income from these wells while cranking up production with a much higher rate of return.
Quelle: http://seekingalpha.com/instablog/494755-stockgod/114320-an-…

ich bleib auch dabei

[hasi22]

Die untere Wende scheint erreicht !

Es gibt ein Blog über ein Interview.
Ich habe alles gelesen, es scheint alles im Grünen Bereich, ergibt aber auch nichts neues. Sie werden kaum mehr was rauslassen vor den nächsten Zahlen.
Ich bleibe dabei.

My Talk with Bill Zima of NEP 3-Dec-10 10:05 am Shazam!

http://www.bullsonwallstreet.com/blog/post/ATalkwithBillZima…

[hasi22]

Fürs 2011 ist sie mal dabei

http://www.thestreet.com/_yahoo/story/10936305/1/13-stock-pi…

1. Seite unten

[hasi22]

endlich mal etwas Erholung,
eine Meinung ist, dass die IPO Erfolge der Chinesen auch NEP stützen.

China North East Petroleum Hold(AMEX: NEP )

Real Time 5.92 0.21 (3.68%) 12:19PM EST

[hasi22]

guter Lauf heute

die werden nicht ausgeübt, ausser wir steigen ganz massiv.
So oder so haben wir das Geld

Balance Sheet 17-Dec-10 11:41 am NEP's remaining outstanding warrants at exercise prices of 6+ and 8+ expire in March and June, 2011. As it stands now, they won't be exercised, and there will be no dilution. Even if exercised, the $14M "warranty" line item in liabilities will all but disappear. Of course, if exercised, cash will increase by about $10M.

Even without exercise, after this quarter, NEP figures to have $60M cash, $72M, working capital, and Book Value approaching $120M -- $2.00, $2.40, and $4.00 per share, respectively.

2011 could easily see cash position double -- less cash used for acquisition.

Safeguarding so much cash does indicate a large acquisition is near. Seems clear that they can't go to the secondary market for quite a while, as had been their plan to fund expansion. Not only is the stock price too low, but their credibility has not yet been restored.

If they do pull off an acquisition anywhere nearly as accretive to eps as TIAN, and they restore timely, accurate reporting with conference calls, they'd simultaneously propel the earnings growth trajectory to match balance sheet health, and enhance investor perceptions.

The reward would be a double from here; the risk is merely languishing, barring any accounting breakdowns, or continuing production shortfalls.

[christian76]

China North East Petroleum Enters Binding Agreement for Mongolia Oilfield
China North East Petroleum Holdings Ltd.


Thursday, January 20, 2011





China North East Petroleum has entered into a binding agreement to acquire Sunite Right Banner Shengyuan, an operator with exclusive oilfield exploration and drilling rights to the Durimu oilfield in Inner Mongolia.

China North East Petroleum is expected to pay a total consideration of $43.4 million consisting of RMB 70 million (approximately USD $10.6 million) in cash upon closing of the acquisition and 5.8 million shares of NEP restricted common stock in exchange for 100% ownership of Shengyuan. The Company's Board of Directors approved the purchase price. Shengyuan's primary assets include three exploration wells and 24 years of exclusive drilling and exploration rights to a 175 square kilometer oilfield, called Durimu, located in Sunite Right Banner, Inner Mongolia. The Company expects to finance the cash portion of the purchase price agreements from cash on hand. Ralph E. Davis, an independent worldwide petroleum consultant based in Houston, Texas conducted a study of the Durimu oilfield in accordance with generally accepted petroleum engineering and evaluation principles in conformity with SEC definitions and guidelines. The Company expects to close the intended acquisition by the end of its 2011 first quarter.

In 2010, Shengyuan signed a 25 year exclusive exploration agreement with Sunite Right Banner Jiangyuan Mining Co. Ltd. ("Jiangyuan"), a state-owned enterprise of the local government to drill in the Durimu oilfield in Inner Mongolia. According to Ralph E. Davis, the proven oil reserve within this oilfield is approximately 1.54MM barrels. According to a geologist study that PetroChina conducted, the Durimu oilfield has a geological reserve of approximately 77.5MM tons (approximately 573.5MM barrels); the recoverable reserve is approximately 25%, or 19.4MM tons (approximately 143.4MM barrels). This same survey estimated that the number of wells drilled in this oilfield could exceed 2,000. Shengyuan has drilled three exploration drills since 2010.

Mr. Jingfu Li, CEO of China North East Petroleum commented, "This intended acquisition represents an exciting new phase for our company that will better position NEP for accelerated oil production growth and long-term success. We have been evaluating opportunities to expand our operations, secure additional oil reserves and seek better returns on our investment over the past year and believe Shengyuan represents a fantastic opportunity to develop NEP into a much larger independent, regional oil producer and oilfield services company in the coming years. The size of the Durimu oilfield is nearly three times larger than the four oilfields we currently lease in PetroChina's Jilin oilfield and it contains much larger oil extraction and drilling opportunities. For example, Shengyuan achieves greater production yields from its three current exploration wells (approximately 30 barrels each per day during the initial testing period) than the 6-7 average barrels per day for each of our existing wells within our four current oilfields.

The Durimu oilfield belongs to Yanchang Petroleum Group ("Yanchang"), the fourth largest and qualified SOE for oil and gas exploration in China. Shengyuan is qualified by Yanchang to manage the oil exploration and production activities in the Durimu oilfield. We will benefit from the 24 years remaining on an exclusive exploration and drilling agreement to operate in the Durimu oilfield and Shengyuan has the first right of refusal to renew the lease at the end of its 25 year term. Further, there is a more favorable royalty agreement in place when compared to our existing twenty year agreement to operate within our four current oilfields.

According to the terms of the 25 year lease, Shengyuan will accumulate 75% of all production revenue while 25% will be allocated to the SOE of Yanchang as a royalty payment. Shengyuan will only be liable for the income tax of 75% of the oil production revenue. There is no distribution risk as all oil produced by Shengyuan is required to be sold to refineries/buyers already qualified by Yanchang.

As a result of this intended acquisition, we will shift the focus of new wells drilled from our four fields within the Jilin oilfield to the Durimu oilfield over time. Upon the close of this acquisition, we intend to conduct further seismic tests in the oilfield to gather more geo-data, and begin drilling exploration wells to test productivity within the oilfield. As part of this effort, we plan to utilize 2-3 of our in-house drilling rigs to conduct the initial work. This initial stage is expected to last approximately 12-18 months. As we complete our first stage of testing in Durimu, we intend to shift into a second stage which is to aggressively drill in Durimu and increase overall production. This will be done while maintaining current production levels within our four existing oilfields.

Assuming we close the Shengyuan acquisition in the coming weeks, we believe our cash reserve over the next 12-18 months, will trend lower by approximately 40%-50% based on an expected cash balance of approximately $60 million at the end of December 2010, to account for the acquisition, seismic testing and exploration work. After this period, we expect our investment in Durimu to generate greater returns and stable cash flows from increased oil production and revenue coming from this new oilfield. Further, our current four oilfields will also be a steady contributor to our operating cash flows.

We are excited with the opportunities related to our intended acquisition announced today and believe we have the knowledge and experience to scale production in the Durimu oilfield aggressively in the coming years. Such efforts can further establish NEP as a major independent, regional oil producing and oilfield services company operating in China. We look forward to updating shareholders on our overall developments in the coming weeks and months ahead."

[Peterace]

2/7/2011
China North East Petroleum Announces Preliminary Fourth Quarter and Full Year 2010 Oil Production Results and Fourth Quarter Drilling Results for Tiancheng
HARBIN, China and NEW YORK, Feb. 7, 2011 /PRNewswire-Asia-FirstCall/ --China North East Petroleum Holdings Ltd. (the "Company" or "NEP") (NYSE Amex: NEP), an oil producing and oilfield services company in Northern China, today announced preliminary fourth quarter and full year 2010 oil production results and fourth quarter 2010 drilling results for its oil drilling and service subsidiary, Tiancheng.

The Company's crude oil production for the full year 2010 totaled 723,154 barrels, a 20% decrease from 908,126 barrels in 2009. Oil production in the 2010 fourth quarter was 161,279 barrels, a 19% increase sequentially from 135,473 barrels in the 2010 third quarter. The total number of wells in production as of December 31, 2010 were 295 compared to 289 wells in production as of December 31, 2009.

Additionally, the Company's oil drilling and service subsidiary, Tiancheng, completed drilling contracts for 35 wells with total drilling depth of 61,935 meters (203,199 feet) in the fourth quarter of 2010. Tiancheng performed standard rig and equipment repair and maintenance work at year end that impacted drilling performance in the fourth quarter. Drilling activity was also lower in the fourth quarter as Tiancheng's customers continued to be impacted by previously reported flooding in the third quarter and therefore focused more on repairing and restoring oil production in the fourth quarter period. Tiancheng has experienced a resumption of regular drilling activity in January.

Mr. Jingfu Li, CEO of China North East Petroleum commented, "Our fourth quarter oil production output was sequentially higher than the third quarter but lower than the first two quarters of 2010 as we continued to be impacted by severe flooding that occurred in the third quarter. In addition, oil production output and overall production time in the fourth quarter was impacted by additional repair and maintenance work required in our oilfields. However, we were pleased to see sequential growth in production output each month of the fourth quarter. We did not drill any new wells during the fourth quarter as we chose to preserve cash for our recently announced Durimu oilfield acquisition.

Looking forward in 2011, within our existing fields in Jilin, our production team will be focused on stabilizing our production output. While we plan on a moderate pace of drilling activity within our current fields, we expect that once the acquisition of the Durimu oilfield in Inner Mongolia has been completed in the coming weeks, a substantial amount of our efforts and investment will go towards exploration and test work in that field, which we believe, will generate significantly greater output than our Jilin fields. We plan to bring future wells drilled in Durimu into production as soon as practicable. NEP has qualified buyers lined up for all oil produced from the Durimu field at favorable royalties. We believe that these recent initiatives will further strengthen China North East Petroleum's position as a major independent, regional Chinese oil producing and oilfield services company."

ABOUT CHINA NORTH EAST PETROLEUM

China North East Petroleum Holdings Limited is an independent oil company that engages in the production of crude oil and in providing drilling and production services in Northern China. The Company is a pioneer in China's private oil exploration and production industry, and the first Chinese non-state-owned oil company trading on the NYSE Amex.

The Company has a guaranteed arrangement with the PetroChina to sell 100% of its produced crude oil for use in the China marketplace. The Company currently operates four oilfields in Northern China. The Company also has an oil service subsidiary, Song Yuan Tiancheng Drilling Engineering Co. Ltd. ("Tiancheng") that provides drilling and oilfield services to both state-owned and private oil operators. For more information about the Company, please visit http://www.cnepetroleum.com .

Statements in this press release, including but not limited to those relating to the Company's or management's intentions, beliefs, expectations, hopes, projections, assessment of risks, estimations, plans or predictions for the future, and other statements that are not historical facts are forward-looking statements that are based on current expectations. Although the Company believes that its expectations are based on reasonable assumptions, it can give no assurance that these expectations will prove correct. Important factors that could cause actual results to differ materially from those in the forward-looking statements include delays and uncertainties that may be encountered in connection with the consummation of the acquisition of Sunite Right Banner Shengyuan Oil and Gas Technology Development Co., Ltd. ("Shengyuan"), an operator with exclusive oilfield exploration and drilling rights to the Durimu oilfield in Inner Mongolia, and other risks described in the Company's annual report on Form 10-K for the year ended December 31, 2009 and its other filings with the SEC. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those indicated. Investors should not place undue reliance on forward-looking statements. Each forward-looking statement speaks only as of the date of the particular statement and the Company undertakes no duty to update any forward-looking statement.

For more information, please contact:



China North East Petroleum US office

Tel: [phone]



China North East Petroleum Investor Relations Department

Tel: [phone]

[Peterace]

Bin gespannt, ob und wann es wieder Richtung Norden geht mit dem Kurs...

[hasi22]

endlich wieder mal was positives !

(AMEX: NEP )

Last Trade: 5.20
Trade Time: 12:22PM EST
Change: 0.38 (7.88%) Prev Close: 4.82
Open: 4.86
Bid: 5.19 x 34800
Ask: 5.20 x 8600
1y Target Est: 11.00
Volume: 432,998


http://www.fool.com/investing/general/2011/02/09/3-top-stock…

[screamz]

geht hier noch was?

[hasi22]

hab mich nicht mehr drum gekümmert,
warum das sch.. Ding nicht läuft, keine Ahnung

aus Yahooboard:

Raising Est.2012 from .99/1.28 to 1.13/1.54 17-Mar-11 01:38 pm 2011 was also raised by Rodman & Renshaw from 1.01/1.30 to 1.11/1.49.


NEP is undervalued!Instead of crying,try buying!

[cybermitro]

Hab mich trotz 50% Verlust getrennt, obwohl ich auch glaube, dass der Wert noch viel Aufwärtspotential hat. Aber inzwischen kann das Geld besser eingesetzt werden.

dont cry, go away

[hasi22]

hatte soeben den Sell button am Zeiger,
als ich dies noch gelesen habe (also warte mal weiter)
(aus Yahoo Board)

Durimu Oil field acquisition_Second half April 30-Mar-11 02:49 pm
I have email Chao Jiang two days ago to ask him about he Durimu acquisition timeline for closing the deal. This is his answer:

Dear Mr....,

Thank you very much for your interests in the Company.

The Company is making progress to complete its announced acquisition of Shengyuan. Specifically, the Company’s Chinese legal counsel has completed its due diligence of the acquisition and provided the Company with its legal opinion and the Company’s auditors have also completed the audit of Shengyuan’s financial statements. In addition, the parties are moving forward to satisfy the remaining closing conditions.

We are also waiting for the approval of the AMEX Exchange on the additional share listing application, which US counsel is working on it.

Realistically with the latest update, we expect the closing would happen in the second half of April. And pls keep tuned to the upcoming press release on the update of such acquisition.

Thank you very much.

Chao Jiang (CJ) 姜超


It is still in progress and it will not be closed by the end of Q1_2011 as we all did expect. But as I have pointed out in my email from yesterday they will try to make it by 3-4 week of April so they can combine the release of preliminary Q1_2011 oil production and the Durimu Acquisition.

I expected to hear that the acquisition is done but I am still satisfied that Mr Chao Jiang has answered my email. The shareholders communication was way better in the CNEH days. This is something I am confident will improve too

LONG NEP!!!

[hasi22]

diese Meldung und der hohe Oelpreis hilft auch hier:


http://pragcap.com/goldman-3-reasons-asia-ex-japan-will-rise…

GOLDMAN: 3 REASONS ASIA EX-JAPAN WILL RISE 28% BEFORE YEAR END31 March 2011 by Cullen Roche 6 Comments
Goldman Sachs is rounding out their commodity bullishness with an upgrade of Chinese equities this morning. They cite an easing in policy tightening and a supportive economic backdrop as the primary reasons for the upgrade. ...............

[hasi22]

irgend ein Shortseller war am Werk,
dieser soll nun aufgeflogen sein

China North East Petroleum Hold(AMEX: NEP )

Real Time 4.28 1.03 (31.69%) 1:15PM EDT

[hasi22]

meine Geduld ist am Ende
weg damit.

(Leider kann ich die Yahooboards nicht mehr lesen (den Text) da sie für Kasperky einen Virus mitladen wollen :keks

[hondatj]

Antwort auf Beitrag Nr.: 41.376.232 von hasi22 am 15.04.11 18:47:49

verfolgt noch jemand diese aktie.was ich so mitbekomme wird über betrug und das niemand erreichbar sei disskutiert. weiters soll sec ein betrugsverfahren gegen manegment eingeleitet haben.weiss jemand ob es schon eine sammelklage gibt?wäre um ein paar hilfreiche antworten dankbar.

[hondatj]

hallo
weiss jemand wo man information bekommt, ob es eine sammelklage oder andere juristische schritte wegen betrug gibt.vielen dank für antwort.