New Times Corporation Limited, an investment holding company, engages in exploration, development, and production of natural resources in Hong Kong, Canada, Mainland China, and Argentina. It operates through two segments: Upstream; and General and Commodities Refinery and Trading. The company explores, develops, produces, and sells oil and gas products; refinery and trading of precious metals, such as gold and silver. It also holds 800 active wells, spanning approximately 761,000 acres, located in the Western Canadian Sedimentary Basin; a 69.25% interest in the Tartagal Oriental and Morillo concessions located in the province of Salta; and 50% interest in the Los Blancos Concession covering an area of approximately 95 square kilometers located in the Province of Salta in Northern Argentina.
