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  5. New Times Invests In Selva Maria Concession

Investment Summary

New Times Invests In Selva Maria Concession

On May 16, 2012, New Times invested in oil/gas exploration company Selva Maria Concession from Principle Petroleum

Investment Highlights
  • This is New Times’ 6th transaction in the Oil/Gas Exploration sector.
  • This is New Times’ 5th transaction in Argentina.

Investment Summary
Date 2012-05-16
Target Selva Maria Concession
Sector Oil/Gas Exploration
Investor(s) New Times
Sellers(s) Principle Petroleum
Deal Type Stake Purchase

Target

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.

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Investor(S) 1

Investor

New Times

Hong Kong, China
Category Company
Founded 1998
Sector Oil/Gas Exploration
Employees122
Revenue 10.9B HKD (2024)
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 Hong Kong, China.

DEAL STATS #
Overall 6 of 11
Sector: Oil/Gas Exploration M&A 6 of 11
Type: Stake Purchase M&A Deals 5 of 7
Country: Argentina M&A 5 of 7
Year: 2012 M&A 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-16 San Salvador Concession

Argentina

Valle de Lerma Concession comprises crude oil and natural gas reserves.San Salvador Concession covers an area of 4,271 km.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-01 Valle de Lerma Concession

Argentina

Valle de Lerma Concession comprises crude oil and natural gas reserves.The Valle de Lerma concession covers an area of 5,259 km.

Buy HK$58M

Seller(S) 1

SELLER

Principle Petroleum

Dallas, Texas, United States
Category Company
Founded 2013
Sector Oil/Gas Exploration
DESCRIPTION

Principle Petroleum is an operator of oil and gas exploitation and production company. Principle Petroleum was founded in 2013 and is based in Dallas, Texas.

DEAL STATS #
Overall 3 of 4
Sector: Oil/Gas Exploration M&A 3 of 4
Type: Stake Purchase M&A Deals 3 of 4
Country: Argentina M&A 3 of 4
Year: 2012 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-16 San Salvador Concession

Argentina

Valle de Lerma Concession comprises crude oil and natural gas reserves.San Salvador Concession covers an area of 4,271 km.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-01 Valle de Lerma Concession

Argentina

Valle de Lerma Concession comprises crude oil and natural gas reserves.The Valle de Lerma concession covers an area of 5,259 km.

Sell HK$58M
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