c329101nt10k.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 12b-25
NOTIFICATION OF LATE FILING

SEC FILE NUMBER:
000-49846
CUSIP NUMBER:
16941G 10 2


 

 
                         
(Check One):
x
Form 10-K
o
Form 20-F
o
Form 11-K
o
Form 10-Q
o
Form N-SAR
o
Form N-CSR

For Period Ended:     December 31, 2009   

     
 
o
Transition Report on Form 10-K
 
o
Transition Report on Form 20-F
 
o
Transition Report on Form 11-K
 
o
Transition Report on Form 10-Q
 
o
Transition Report on Form N-SAR

For the Transition Period Ended:                                        
 
Nothing in this form shall be construed to imply that the Commission has verified any
information contained herein.
If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:
 
PART I  --  REGISTRANT INFORMATION
 
 
Full Name of Registrant
CHINA NORTH EAST PETROLEUM HOLDINGS LTD.
 
Former Name if Applicable
DRACO HOLDING CORP.
 
Address of Principal Executive Office (Street and Number)
445 Park Avenue
 
City, State and Zip Code
New York, NY 10022

PART II  --  RULES 12b-25(b) AND (c)
 
If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate)
 
x
(a)
The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
     
x
(b)
The subject annual report, semi-annual report, transition report on Form 10-Q, Form 10-K, Form 20-F,11-K or Form N-SAR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report of transition report on Form 10-Q, or portion thereof will be filed on or before the fifth calendar day following the prescribed due date; and
     
o
(c)
The accountant's statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.
 
 
PART III -- NARRATIVE
 
State below in reasonable detail the reasons why Forms 10-Q, 10-K, 20-F, 11-K, 10-Q, N-SAR, or the transition report portion thereof, could not be filed within the prescribed time period.
 
As previously disclosed, due to the restatement of the Registrant’s financial statements for fiscal year 2008 and the interim periods for fiscal year 2009, Registrant is not able to obtain all the necessary information prior to the filing date and the attorney and accountant could not complete the required legal information and financial statements and management could not complete the Management's Discussion and Analysis of such financial statements prior to March 31, 2010.
(Attach Extra Sheets if Needed)
 
 
PART IV-- OTHER INFORMATION
 
(1)
Name and telephone number of person to contact in regard to this notification

Wang Hongjun   212    307-3568
(Name)
  
(Area Code)
  
(Telephone Number)

   
(2)
Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If answer is no, identify report(s).

   
Yes
x
  
No
o

   
(3)
Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?
 
   
Yes
o
  
No
x
 
If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.
 
 
 
CHINA NORTH EAST PETROLEUM HOLDINGS LTD.
 
(Name of Registrant as Specified in Charter)

 
has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.
     
Date:   March 26, 2010
 By:  
/s/ Wang Hongjun
   
President, Chairman and CEO