Check the appropriate box
below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following
provisions:
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, the Registrant has duly caused this Current Report on Form 8-K to be signed on its behalf
by the undersigned, hereunto duly authorized.
Dated: August 15,
2019
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NEW CONCEPT ENERGY, INC.
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By:
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/s/ Gene S. Bertcher
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Gene
S. Bertcher
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Executive Vice President and
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Chief Financial Officer
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Exhibit 99.1
NEWS RELEASE
FOR IMMEDIATE RELEASE
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Contact:
New Concept Energy Inc.
Gene Bertcher (800) 400-6407
info@newconceptenergy.com
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New Concept Energy, Inc. Reports First Quarter 2019 Results
Dallas (August 13, 2019) – New Concept Energy, Inc. (NYSE
MKT: GBR), (the “Company” or “NCE”) a Dallas-based oil and gas company, today reported a net loss from
continuing operations for the three months ended June 30, 2019 of $141,000 or ($0.03) per share, compared to net loss from continuing
operations of $174,000 or ($0.08) per share for the three months ended June 30, 2018.
The Company reported a net loss from continuing operations for
the six months ended June 30, 2019 of $15,000 or ($0.00) per share, compared to net loss from continuing operations of $308,000
or ($0.14) per share for the six months ended June 30, 2018.
For the three months ended June 30, 2019, the Company recorded
oil and gas revenues of $164,000 as compared to $173,000 for the comparable period of 2018. The decrease was principally due
to a lower price received for the sale of natural gas.
For the three months ended June 30, 2019, the Company recorded
oil and gas operating expenses of $231,000 as compared to $239,000 for the comparable period of 2018.
For the three months ended June 30, 2019, corporate general
& administrative expenses were $134, 000 as compared to $108,000 for the comparable periods in 2018. The increase
was due to an increase in general operating expenses.
Contact: New Concept Energy, Inc.
Gene
Bertcher, (800) 400-6407
info@newconceptenergy.com