New Times Energy (HKG:0166) announced that it noted the increase in the price and trading volume of its shares today and that it was not aware of any reasons for such increase.

Save as disclosed in the announcement of the company dated 22 December 2011 in relation to a letter of intent relating to possible acquisition of further interest in two exploration and potential concessions in Argentina and the announcement dated 20 January 2012 in relation to placing of new shares under general mandate, its board of directors was not aware of any matter discloseable.

The stock is now trading at HK$0.87, up 36% with turnover totalling HK$10.73 million.