New Times Energy Corporation Limited
New Times Energy Corporation Limited is a consolidated natural resources company that aims to deliver superior growth in cash flow and return to its shareholders. Its business encompasses the acquisition, development and operation of oil & gas projects. The Group's existing projects in Argentina and the United States are strategically located in geologically favorable regions with existing production activities and abundant natural resources potential. The Group selects new projects that have low exploration risks and development costs to ensure a potentially lucrative return on investments.
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Asian Activities Report for December 23, 2011 includes: Xinjiang Goldwind Science & Technology Co., Ltd. (SHE:002202) (HKG:2208) has signed an agreement with China Three Gorges Corporation to provide 33 units of wind turbines for Three Gorges's wind power project in Pakistan; New Times Energy Corporation Limited (HKG:0166) has signed a letter of intent in relation to a possible acquisition of further 9.25% interest in two oil and gas exploration concessions in Argentina; Tokio Marine Holdings, Inc. (TYO:8766) will acquire 100% of the outstanding shares of Delphi Financial Group, Inc. (NYSE:DFG) for US$2,664 million; Takeda Pharmaceutical Company Limited (TYO:4502) has decided to integrate two wholly-owned subsidiaries in the U.S., Takeda San Diego, Inc. and Takeda San Francisco, Inc. on January 1, 2012, to form a new company Takeda California, Inc..
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