dbillett1 (72.89)

China North East Petroleum (CNEH.OB), big oil of the future?

September 03, 2008 – Comments (1)

I have been reading about China North East Petroleum lately and doing some research.  The story I am getting is that CNEH leases oil fields from the Chinease government, in exchange they sell all oil to PetroChina at a fixed below market price, and the EXCLUSIVE right to drill more.      [more]