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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 LdUm/Aho/Yeg0KEnTpzLkPx/8nBBhyY7xxlvhRv8mDeZG83dslmtnSeiBM8fuiRd
 RdqhP7BHDDEiPkhxbX2kmg==

<SEC-DOCUMENT>0001144204-08-033969.txt : 20080606
<SEC-HEADER>0001144204-08-033969.hdr.sgml : 20080606
<ACCEPTANCE-DATETIME>20080606124522
ACCESSION NUMBER:		0001144204-08-033969
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20080527
FILED AS OF DATE:		20080606
DATE AS OF CHANGE:		20080606

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CHINA NORTH EAST PETROLEUM HOLDINGS LTD
		CENTRAL INDEX KEY:			0000787251
		STANDARD INDUSTRIAL CLASSIFICATION:	CRUDE PETROLEUM & NATURAL GAS [1311]
		IRS NUMBER:				870638750
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		20337 RIMVIEW PLACE
		CITY:			WALNUT
		STATE:			CA
		ZIP:			91789
		BUSINESS PHONE:		909-468-1858

	MAIL ADDRESS:	
		STREET 1:		20337 RIMVIEW PLACE
		CITY:			WALNUT
		STATE:			CA
		ZIP:			91789

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DRACO HOLDING CORP/NV
		DATE OF NAME CHANGE:	20000420

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DRACO CORP
		DATE OF NAME CHANGE:	20000420

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Rule Edward Michael
		CENTRAL INDEX KEY:			0001436595

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-49846
		FILM NUMBER:		08884969

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		415-955-8900

	MAIL ADDRESS:	
		STREET 1:		5-21 E EAST PACIFIC GARDENS II FUTIAN
		CITY:			SHENZEN
		STATE:			F4
		ZIP:			518040
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>v116701_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2008-05-27</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0000787251</issuerCik>
        <issuerName>CHINA NORTH EAST PETROLEUM HOLDINGS LTD</issuerName>
        <issuerTradingSymbol>CNEH</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001436595</rptOwnerCik>
            <rptOwnerName>Rule Edward Michael</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>5-21 E EAST PACIFIC GARDENS II FUTIAN</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>SHENZEN</rptOwnerCity>
            <rptOwnerState>F4</rptOwnerState>
            <rptOwnerZipCode>518040</rptOwnerZipCode>
            <rptOwnerStateDescription>CHINA</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <derivativeTable>
        <derivativeHolding>
            <securityTitle>
                <value>Stock Option</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>4.05</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F1"/>
            </exerciseDate>
            <expirationDate>
                <value>2018-05-27</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>20000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">25% of the Options shall vest upon grant and 25% shall vest every three months thereafter.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Edward Michael Rule</signatureName>
        <signatureDate>2008-06-05</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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