China North East Petroleum Holdings, Limited (CNEH.OB), a producer of crude oil in Northern China, announced second quarter financial results this afternoon after the close of regular trading. Revenues surged 246% year-over-year to $14.2 million, compared to $4.1 million. This represents a sequential increase of 31% from $10.8 million in the first quarter. Net income tripled to $3.8 million, or 19 cents per share, compared to $1.3 million, or 5 cents per share for the same period last year. No analysts currently cover the stock.