Dutton Associates John M. Dutton, 916-960-0623 Dutton Associates initiates coverage of China North East Petroleum (OTCBB: CNEH) with a Strong Speculative Buy rating and a price target of $4.35.

Dutton Associates initiates coverage of China North East Petroleum (OTCBB: CNEH) with a Strong Speculative Buy rating and a price target of $4.35.

China North East Petroleum has reported preliminary crude oil production of 115,800 barrels for the first quarter of 2008, compared to 32,228 barrels for the same period of 2007.