China Daqing M & H Petroleum, Inc. (CHDP) Issues 2012 Operations Plan
China Daqing M & H Petroleum, Inc. issued an updated operational plan covering anticipated oil and gas exploration and development activities for 2012. The company plans to drill thirty new wells across its portfolio next year. China Daqing M & H Petroleum has obtained from Petro China the right to explore and develop oil and gas assets at the Miao 14 Oilfield blocks located in Jilin Province, China. This right expires in 2022 and the company is required to sell all its hydrocarbon output to Petro China. China Daqing M & H Petroleum estimates that the Miao 14 oilfield block…