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:
Indicate by check mark whether the Registrant is an emerging growth company as defined in Rule 405 of the Securities Act of
1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
If an emerging growth company, indicate by check mark if the Registrant has elected not to use the
extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section
13(a) of the Exchange Act.
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: May 17, 2021
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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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President and Chief Financial Officer
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Exhibit "99.1"
NEWS RELEASE
FOR IMMEDIATE RELEASE
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Contact:
New Concept Energy Inc.
Investor Relations
Gene Bertcher, (800) 400-6407
info@newconceptenergy.com
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New Concept
Energy, Inc. Reports First Quarter 2021 Results
Dallas (May
17, 2021) - New Concept Energy, Inc. (NYSE American: GBR), (the “Company” or “NCE”) a Dallas-based company,
today reported Results of Operations for the first quarter ended May 31, 2021.
During the
three months ended March 31, 2021, the Company recorded a new income applicable to common shares for the three months ended March
31, 2021 of ($79,000), compared to net loss from continuing operations of ($34,000) for the three months ended March 31, 2020.
The Company
reported net income from continuing operations of $79,000 for three months ended March 31, 2021, as compared to a net loss of ($34,000)
for the similar period in 2020.
For the
three months ended March 31, 2021, corporate general & administrative expenses were $74,000 as compared to $104,000 for the
comparable periods in 2020. The decrease was due, for the most part, to consulting fees paid by the Company regarding oil and gas
matters in 2020 that were not incurred in 2021.
For the
three months ended March 31, 2021 the Company recorded a tax refund from prior years of $91,000.
For the
three months ended March 31, 2020 the Company recorded a loss from discontinued operations of $63,000 for the oil and gas operations
that were sold in August 2020.
About
New Concept Energy, Inc.
New Concept
Energy, Inc. is a Dallas-based company which owns real estate West Virginia. For more information, visit the Company’s website
at www.newconceptenergy.com
Contact: New Concept Energy, Inc.
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Gene Bercher, (800) 400-6407
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info@newconceptenergy.com
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