New Concept Energy, Inc. Reports Second Quarter 2016 Results

DALLAS--(BUSINESS WIRE)--New Concept Energy, Inc. (NYSE MKT: GBR), ( the “Company” or “NCE”) a Dallas-based oil and gas company, today reported a net loss for the three months ended June 30, 2016 of $133,000 or ($0.07) per share, compared to net income of $110,000 or $0.06 per share for the three months ended June 30, 2015. The three months ended June 30, 2015 includes a recovery of bad debt expense of $386,000 that was reserved for in a prior year.