China North East Petroleum Holdings Ltd
Shares of China North East Petroleum Holdings Limited (OTCBB: CNEH) had a spectacular August and looks to continue its run by starting off September with a bang. CNEH closed up more than 55 percent today, or 87 cents, at $2.45 per share on volume of more than 673,000 shares. The company announced this morning a positive result of exploration in a previously unexplored section of HE 301 area, which should significantly increase the production capabilities and reserves of the company. HE 301 is one of four oil producing regions of the company. With the new discoveries, it brings CNEH’s projected…