Market Overview

China North East Petroleum Receives NYSE Notice of Delisting for Alleged Failure to Satisfy a Continued Listing Rule or Standard

China North East Petroleum Holdings Limited (NYSE: NEP), announced that it has received a letter dated April 4, 2012 from NYSE Regulation, Inc. in which NYSE Staff allege the Company no longer complies with NYSE's continued listing standards as set forth in the Company Guide and its securities are, therefore, subject to delisting from the NYSE.

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