M&A Deal Summary |
|
|---|---|
| Date | 2011-01-07 |
| Target | Novastar |
| Sector | Oil/Gas Exploration |
| Buyer(s) |
New Times
TXX Energy |
| Deal Type | Joint Venture |
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| Category | Company |
|---|---|
| Founded | 1998 |
| Sector | Oil/Gas Exploration |
| Employees | 142 |
| Revenue | 26.2B HKD (2023) |
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.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 11 |
| Sector (Oil/Gas Exploration) | 3 of 11 |
| Type (Joint Venture) | 1 of 1 |
| Country (Virgin Islands (British)) | 1 of 1 |
| Year (2011) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2009-05-04 |
Tartagal Concession
Argentina Tartagal Concession comprises oil and gas exploration properties.Tartagal Concession covering a surface area of approximately 7,065 square kilometers. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-05-16 |
Selva Maria Concession
Argentina Selva Maria Concession comprises crude oil and natural gas reserves.The Valle de Lerma concession covers an area of 3,500 km. |
Buy | - |
TXX is principally engaged in the acquisition and development of oil and gas properties in Texas, Louisiana, Oklahoma, and New Mexico, which are states situated onshore in the mid-continent oil field region of the United States. Its primary focus is in shallow oil in East Texas and Northwest Louisiana.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Oil/Gas Exploration) | 1 of 1 |
| Type (Joint Venture) | 1 of 1 |
| Country (Virgin Islands (British)) | 1 of 1 |
| Year (2011) | 1 of 1 |
