New Concept Energy, (AMEX:GBR)
Historical Stock Chart
2 Years : From Jul 2017 to Jul 2019
New Concept Energy, Inc. (NYSE American: GBR) announced that, by letter
dated July 9, 2018, the Company received notice, from NYSE of acceptance
of a plan submitted by the Company to regain compliance with the NYSE
regulations. The NYSE approved a plan period through October 23, 2019,
subject to compliance with initiatives outlined in the Company’s plan.
The Company had previously received guidance that it was not in
compliance with Sections 1003(a)(i) and 1003(a)(ii) of the NYSE American
Company Guide since the Company reported stockholders’ equity of $0.6
million as of December 31, 2017 and losses from continuing operations in
three of its four most recent fiscal years ended December 31, 2017.
This public announcement is disclosing that the Company is not in
compliance with NYSE American’s continued listing standards and that the
Company’s listing has been continued pursuant to an extension, with a
targeted completion date of October 23, 2019. The Company must provide
quarterly updates of plan progress to NYSE Regulation staff concurrent
with its interim and annual SEC filings.
The Company is in the process of moving forward with the initiatives
contained in the plan.
About New Concept Energy, Inc.
New Concept Energy, Inc. is a Dallas-based oil and gas company which
owns oil and gas wells and mineral leases in Ohio and in West Virginia.
For more information, visit the Company’s website at www.newconceptenergy.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180716005829/en/
New Concept Energy, Inc.Gene Bertcher, firstname.lastname@example.org