M&A Deal Summary

New Times Acquires Tiger Energy Partners Utah Acq.

On October 8, 2012, New Times acquired oil/gas exploration company Tiger Energy Partners Utah Acq. for 54M HKD

Acquisition Highlights
  • This is New Times’ 9th transaction in the Oil/Gas Exploration sector.
  • This is New Times’ 4th largest (disclosed) transaction.
  • This is New Times’ 2nd transaction in the United States.
  • This is New Times’ 2nd transaction in Utah.

M&A Deal Summary
Date 2012-10-08
Target Tiger Energy Partners Utah Acq.
Sector Oil/Gas Exploration
Buyer(s) New Times
Deal Type Add-on Acquisition
Deal Value 54M HKD

Target

Tiger Energy Partners Utah Acq.

Utah, United States
Tiger Energy Partners Utah Acq LLC provides oil and gas services. The Company offers the exploration and production of oil and gas products. Tiger Energy Partners Utah Acq primarily operates in the United States.

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Buyer(S) 1

Buyer

New Times

Hong Kong, China
Category Company
Founded 1998
Sector Oil/Gas Exploration
Employees142
Revenue 26.2B HKD (2023)
DESCRIPTION

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 9 of 11
Sector (Oil/Gas Exploration) 9 of 11
Type (Add-on Acquisition) 1 of 2
State (Utah) 2 of 2
Country (United States) 2 of 2
Year (2012) 6 of 7
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-08 Tiger Energy Operating

Utah, United States

Tiger Energy Operating LLC owns and operates oil and gas leases.Tiger Energy Operating LLC operates as a subsidiary of New Times Energy Corporation Limited.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-13 LNG Project

Liupanshui City, China

LNG Project includes 15 LNG/CNG stations and gas supply to 5 industrial parks and 73,500 households. The construction of 2 out of 15 LNG/CNG stations has been completed.

Buy CN¥80M
Mergr

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