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Stock impact report

New Concept Energy, Inc. Reports First Quarter 2019 Results

New Concept Energy, Inc (GBR) 
NASDAQ:AMEX Investor Relations: newconceptenergy.com
Company Research Source: Business Wire
DALLAS--(BUSINESS WIRE)-- New Concept Energy, Inc. (NYSE American: GBR) (the “Company” or “NCE”), a Dallas-based oil and gas company, today reported a net income applicable to common shares for the three months ended March 31, 2019 of $126,000 or $0.02 per share, compared to net loss of $134,000 or ($0.07) per share for the three months ended March 31, 2018. During the last nine months of 2018 the Company issued 3,094,000 shares of common stock increasing the number of shares outstanding while raising $4,609,000 in cash which the Company anticipates will be used for future drilling expenses, acquisitions and working capital. For the three months ended March 31, 2019, the Company recorded oil and gas revenues of $180,000 as compared to $204,000 for the comparable period of 2018. The reduction was principally due to the dollar amount per MCF the Company received from the sale of natural gas. For th Show less Read more
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