New Concept Energy, Inc. Reports Fourth Quarter and Full Year 2015 Results

DALLAS--(BUSINESS WIRE)--New Concept Energy, Inc. (NYSE MKT: GBR), (the “Company” or “NCE”), a Dallas-based oil and gas company, today reported Results of Operations for the fourth quarter ended December 31, 2015. During the three months ended December 31, 2015 the Company reported a net loss of $2,971,000 or ($1.52) per share, compared to a net loss of $124,000 or ($0.22) per share for the same period ended December 31, 2014. Included in the loss for 2015 is a $2,717,000 non-cash charge for impairment of the value of the Company’s oil and gas properties.