Company Profile on New Concept Energy, Inc.

New Concept Energy, Inc. engages in the acquisition and exploration of oil and gas properties in the United States. It holds interest in the oil and natural gas leases in Cleburne County, Arkansas covering an area of approximately 1,712 net acres. The company also leases and operates a retirement community in King City, Oregon, with a capacity of 114 residents. As of December 31, 2008, its proved reserves were approximately 6.0 million cubic feet of natural gas. The company was formerly known as CabelTel International Corporation and changed its name to New Concept Energy, Inc. in May 2008. New Concept Energy, Inc. was incorporated in 1991 and is based in Dallas, Texas.