New concept energy, inc. reports fourth quarter and full year 2020 results

Dallas--(business wire)--new concept energy, inc. (nyse american: gbr), (the “company” or “nce”) a dallas based company, today reported results of operations for the fourth quarter and the full year ended december 31, 2020. discontinued operations: in august 2020 the company sold its oil and gas operation and recorded a gain from the sale of $2.1 million. the sales price was $85,000 however the company had previously established a reserve for plug and abandonment costs of $2 million. upon the s
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