Past year: ▼ 19%(67.0c – 91.0c USD)
Each one in plain English, with the numbers worked through for a shareholder.
14 Apr 2026capital raising announcement● NeutralMajor
Realty Advisors is back for a second round, agreeing to buy 2 million more shares at $1.00-plus per share, pending shareholder and NYSE approval and again structured as a deemed change of control -- continuing the insider-funded pattern that has kept New Concept Energy listed since 2008.
6 Dec 2018capital raising announcement▲ GoodMajor
Closed the Realty Advisors investment: $4.5M for 3 million shares, approved by shareholders and NYSE, giving Realty Advisors 59.6% and a deemed change of control -- proceeds earmarked for overdue payables and the first of a four-well drilling program.
21 June 2018capital raising announcement▲ GoodMajor
Lined up a fix: Realty Advisors, a related party already holding a small stake and sharing an officer with the company, agreed to buy 3 million new shares for $4.5M pending a shareholder vote -- echoing the 2008 URC Energy rescue that cured the last listing crisis.
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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