New Times - M&A Summary and Business Overview

Oil/gas ExplorationCompany

New Times M&A Summary

New Times has acquired 11 companies.

New Times’ largest acquisition to date was in 2013, when it acquired The Palmar Largo JV for $13M. New Times has acquired in 1 US state, and 4 countries. The Company’s most targeted sectors include oil/gas exploration (100%).

New Times Business Overview

Where is New Times headquartered?

New Times is headquartered in Hong Kong, China.

What is New Times’ revenue?

New Times disclosed revenue of 26,150M HKD for 2023 and 20,913M HKD for 2022.

How many employees does New Times have?

New Times has 142 employees.

What sector is New Times in?

New Times is an oil/gas exploration company.

When was New Times founded?

New Times was founded in 1998.

M&A Summary

M&A Total Activity11
- M&A Buy Activity11
Total Sectors Invested 1
Total Countries Invested 4
M&A Buy/Sell Connections 3

New Times Corp.

New Times Corporation Limited

New World Tower I 14th Floor Room 1402 16-18 Queen's Road,
Hong Kong,
China,
+852 3106 2061
www.nt-energy.com

New Times is an integrated natural resources company engaged in the acquisition, development and operation of oil & gas projects in Argentina, the U.S and China. New Times was founded in 1998 and is based in Central, Hong Kong.

M&A Summary

Buy vs Sell

Year		≤ '19	'20	'21	'22	'23	'24	T
Buy (0.0/yr)	#	11	-	-	-	-	-	11
Buy (0.0/yr)	vol	$40M						$40M
Sell (0.0/yr)	#	-	-	-	-	-	-	0
								11

Most Recent M&A

Company	Date	Value	Type
The Palmar Largo JV	2013-11-19	13M USD	Stake Purchase
, Argentina
LNG Project	2012-11-13	13M CNY	Add-on Acquisition
Liupanshui City, China
Tiger Energy Operating LLC	2012-10-08	-	Divestiture
, Utah
Tiger Energy Partners Utah Acq.,LLC	2012-10-08	7M HKD	Add-on Acquisition
, Utah
Valle de Lerma Concession	2012-08-01	7M HKD	Stake Purchase
, Argentina
Selva Maria Concession	2012-05-16	-	Stake Purchase
, Argentina
San Salvador Concession	2012-05-16	-	Stake Purchase
, Argentina
Libertador Concession	2012-05-16	-	Stake Purchase
, Argentina
Novastar Ltd.	2011-01-07	-	Joint Venture
, Virgin Islands (British)
Tartagal Concession	2009-05-04	-	Stake Purchase
, Argentina
View All >>

Business Unit M&A

Company	Acquired	Add-On/Sale	Date	#
Tiger Energy Partners Utah Acq.,LLC	2012-10-08	Tiger Energy Operating LLC	2012-10-08	1
, Utah		, Utah

M&A by Sector

Sector		Buy #	Value	Sell #	Value
Oil/Gas Exploration		11 (100%)	40M (100%)	-	-
Total		11	$40M	-	-

By Geo

State/Country		Buy	Value	Sell	Value
Argentina		7	20M	-	-
United States		2	7M	-	-
	Utah	2	7M	-	-
China		1	13M	-	-
Virgin Islands (British)		1	-	-	-
Domestic		1 (9%)	13M (31%)	-	-
Cross-border		10 (91%)	27M (69%)	-	-
Total		11	$40M	-	-

Deal Values

buy	#	Total
< $100M	4	$40M
TOTAL		$40M
Largest	The Palmar Largo JV $13M (2013-11-19)

M&A Connections

		Deals
Acquired from
Strategic(s)	55%	6 (55%)

Company Summary

SECTOR

Oil/Gas Exploration

Revenue

26,150 26%	2023
20,913 88%	2022
11,167 122%	2021
5,035 2025%	2020
237 21%	2019
298 4%	2018
288	2017
69 23%	2015
89 73%	2014
323	2013
(millions of HKD)	Show More Show Less

Employees

142

Established

1998

Public

Hong Kong (SEHK): 166

Former Name

New Times Energy Corporation Limited

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New Times - M&A Summary and Business Overview

Oil/gas ExplorationCompany