4 Mar 2011director interest notice● Neutral
New Concept Energy, Inc. President & CFO Gene S Bertcher sold 7,000 shares at $5.48.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
1 Mar 2011director interest notice● Neutral
New Concept Energy, Inc. President & CFO Gene S Bertcher sold 6,000 shares at $5.42.
16 Nov 2010quarterly activities report● Neutral
New Concept Energy, Inc. reported quarterly revenue of $1 thousand and net income of $188 for the period ended 2010-09-30.
12 Nov 2010quarterly activities report● Neutral
New Concept Energy, Inc. reported quarterly revenue of $1 thousand and net income of $188 for the period ended 2010-09-30.
24 Aug 2010quarterly activities report● Neutral
New Concept Energy, Inc. reported quarterly revenue of $1 thousand and net income of $188 for the period ended 2010-09-30.
16 Aug 2010quarterly activities report● Neutral
New Concept Energy, Inc. reported quarterly revenue of $1 thousand and net income of $188 for the period ended 2010-09-30.
21 Jan 2010director interest notice● Neutral
New Concept Energy, Inc. 10%+ owner Arcadian Energy, INC. disposed of 100,000 shares via option/appreciation-right settlement.
28 Sept 2009director interest notice● Neutral
New Concept Energy, Inc. 10%+ owner International Health Products, INC. bought 9,000 shares on the open market at $6.88.
25 Sept 2009director interest notice● Neutral
New Concept Energy, Inc. 10%+ owner International Health Products, INC. bought 9,000 shares on the open market at $6.90.
16 Sept 2009director interest notice● Neutral
New Concept Energy, Inc. 10%+ owner International Health Products, INC. bought 15,000 shares on the open market.
16 Sept 2009director interest notice● Neutral
New Concept Energy, Inc. 10%+ owner International Health Products, INC. bought 15,000 shares on the open market at $7.00.
14 Sept 2009director interest notice● Neutral
New Concept Energy, Inc. 10%+ owner International Health Products, INC. bought 15,000 shares on the open market at $7.00.
9 Sept 2009director interest notice● Neutral
New Concept Energy, Inc. 10%+ owner International Health Products, INC. bought 20,000 shares on the open market.
27 July 2009director interest notice● Neutral
International Health Products, INC. became a New Concept Energy, Inc. 10%+ owner and company insider (initial ownership filing).
27 July 2009director interest notice● Neutral
New Concept Energy, Inc. 10%+ owner Syntek Acquisition Corp. sold 395,078 shares at $7.00.
24 July 2009substantial holder notice● Neutral
International Health Products, Inc., FEI No, TacCo Financial, Inc., FEI No reported a New Concept Energy, Inc. shareholding of 950,000 shares (48.79% of votes) in a periodic institutional filing.
31 Mar 2009late filing notice▼ Bad
New Concept Energy, Inc. notified the SEC that its annual report would be filed late.
12 Dec 2008director interest notice● Neutral
Smith Oscar Wilbur Jr. became a New Concept Energy, Inc. Vice President & Secretary and company insider (initial ownership filing).
21 Nov 2008auditor change● Neutral
Replaced Farmer, Fuqua & Huff with Swalm & Associates as auditor for fiscal 2008, citing a lower fee quote; no disagreements with the outgoing firm were reported.
25 Sept 2008asset acquisition disposition▲ GoodMajor
Deployed the XTO windfall into a much bigger position, winning a bankruptcy-court bid for Carl E. Smith Inc. and its affiliates -- 94 producing and 121 non-producing gas wells across 20,000 acres in Ohio and West Virginia -- for about $13.9M cash plus deferred payments; renamed the acquired business Mountaineer State Energy and the parent company itself New Concept Energy, Inc.
5 Sept 2008director interest notice● Neutral
Syntek Acquisition Corp. became a New Concept Energy, Inc. 10%+ owner and company insider (initial ownership filing).
5 Sept 2008director interest notice● Neutral
New Concept Energy, Inc. 10%+ owner Syntek West INC bought 395,080 shares on the open market at $7.00.
5 Sept 2008director interest notice● Neutral
Syntek West INC became a New Concept Energy, Inc. 10%+ owner and company insider (initial ownership filing).
14 May 2008asset acquisition disposition▲ GoodMajor
Sold all its Fayetteville Shale acreage -- the original 1,712 net acres plus 2,398 more from exercised options -- to XTO Energy for about $16.4M cash and a $14.5M after-tax gain, just four months after acquiring the leases; said it would keep pursuing other oil and gas opportunities.
25 Mar 2008capital raising announcement▲ GoodMajor
URC Energy, a Gene Phillips-controlled entity, closed a $2.85M purchase of 950,000 new shares, taking it to just over 49% and Phillips-affiliated holders to about 69% in aggregate -- a deemed change of control that cured the AMEX equity shortfall and got the pending delisting appeal cancelled.
8 Feb 2008capital raising announcement● NeutralMajor
CabelTel disclosed that URC Energy LLC (owned by Gene Phillips) will buy 950,000 new shares at $3 each ($2.85M cash), roughly doubling the shares outstanding from 986,939 to 1,936,939. URC would hold about 49%, and with the other Phillips-affiliated holders about 69%, a deemed change of control; shares are expected to be issued around February 29, 2008. Existing shareholders are heavily diluted. The filing says proceeds will be held as working capital and may fund seismic work and drilling or acreage consolidation on the Cleburne County, Arkansas leasehold. This is the equity raise that follows the October 2007 AMEX delisting notice, which cited a failure to raise $2.1M in equity; the filing itself does not mention the listing issue (inference).
What it means for a shareholder
950,000 new shares at US$3.00 to raise about US$2.9m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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24 Jan 2008material agreement● Neutral
Amended the Fayetteville Arkansas 8-K to disclose the fuller related-party picture: the company had separately loaned Eurenergy's parent $1.4M back in 2006, and that parent is 20%-owned by an entity related to the company.
24 Jan 2008asset acquisition disposition● Neutral
Exited its last piece of the old real-estate business, transferring the Gainesville, Texas outlet mall to a buyer who assumed the roughly $6.5M mortgage -- no cash changed hands and no gain or loss was recorded.
18 Jan 2008material agreement▲ GoodMajor
Moved on the Fayetteville Shale mineral rights AMEX had flagged as overdue, acquiring about 1,712 net acres in Arkansas from Eurenergy Arkansas LLC (an entity the company already does paid bookkeeping work for) via a $4,000/acre note, plus options on more acreage.
23 Oct 2007listing compliance notice▼ BadMajor
AMEX moved to delist the company outright, saying it missed its compliance-plan milestones -- including failing to raise the required $2.1M in equity and failing to close the Fayetteville Shale mineral-rights acquisition it had promised -- though the company is appealing.