8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act

Date of Report (Date of earliest event reported):  August 12, 2011

NEW CONCEPT ENERGY, INC.

(Exact Name of Registrant as Specified in its Charter)

Nevada	000-08187	75-2399477
(State or other jurisdiction of incorporation)	(Commission File No.)	(I.R.S. Employer Identification No.)
1800 Valley View Lane, Suite 300 Dallas, Texas		75234
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code  972-407-8400

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Section 2 – Financial Information

Item 2.02.  Results of Operations and Financial Condition

On August 12, 2011, New Concept Energy, Inc. (“GBR” or the “Company”) announced its operational results for the quarter ended June 30, 2011.  A copy of the announcement is attached as Exhibit “99.1.”

The information furnished pursuant to Item 2.02 in this Form 8-K, including Exhibit “99.1” attached hereto, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that Section, unless we specifically incorporate it by reference in a document filed under the Securities Act of 1933 or the Securities Exchange Act of 1934.  We undertake no duty or obligation to publicly-update or revise the information furnished pursuant to Item 2.02 of this Current Report on Form 8-K.

Section 9 – Financial Statements and Exhibits

Item 9.01.  Financial Statements and Exhibits

(d) Exhibits.

The following exhibit is furnished with this Report:

Exhibit Designation	Description of Exhibit
99.1*	Press Release dated August 12, 2011.
_____________________ *Furnished herewith.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly-caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly-authorized.

	NEW CONCEPT ENERGY, INC.
Dated: August 15, 2011	By:	/s/ Gene S. Bertcher
		Gene S. Bertcher, President, Chief
		Executive Officer and Chief Financia lOfficer

EX-99.1

For Immediate Release	Contact: Gene Bertcher
	972) 407-8400

NEW CONCEPT ENERGY, INC.

REPORTS 2nd QUARTER 2011 RESULTS

Dallas, Texas (Business Wire) August 12,2011: New Concept Energy, Inc. (AMEX: GBR), ("the Company" or "NCE"), a Dallas-based oil and gas company, today reported a net gain of $66,000 and $166,000 for the three and six months ended June 30, 2011, as compared to a net loss of $275,000 and $315,000 for the comparable periods of 2010.

For the three and six months ended June 30, 2011, the Company recorded oil and gas revenues of $280,000 and $560,000 as compared to $331,000 and $601,000 for the comparable period of 2010. The changes in oil & gas revenue was due changes in the price of oil and gas in the marketplace.

For the three and six months ended June 30, 2011, the Company recorded revenues of $733,000 and $1,462,000 from its retirement property compared to $751,000 and $1,454,000 for the comparable periods in 2010. The variances between comparable periods are due to occupancy fluctuations.

For the three and six months ended June 30, 2011, the Company recorded oil and gas operating expenses of $365,000 and $700,000 as compared to $316,000 and $672,000 for the comparable period of 2010. The increase was due to an increase in drilling and related expenses.

For the three and six months ended June 30, 2011, operating expenses and lease expense at the retirement property were $514,000 and $1,095,000 as compared to $602,000 and $1,095,000 for the comparable periods in 2010.

For the three and six months ended June 30, 2011, corporate general & administrative expenses were $126,000 and $250,000 as compared to $124,000 and $323,000 for the comparable periods in 2010. The decrease is primarily due to decreased payroll costs.

For the three and six months ended June 30, 2011, interest income was $120,000 and $239,000 as compared to $114,000 and $253,000 for the comparable periods in 2010. The decrease is due to an overall reduction in the receivable on which interest is computed over the comparable periods.

NEW CONCEPT ENERGY, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATION
(unaudited)
(amounts in thousands, except per share data)
	For the Three Months ended June 30,						For the Six Months ended June 30,
	2011			2010			2011			2010
Revenue
Oil and gas operations, net of royalties	$	280		$	331		$	560		$	601
Real estate operations		733			751			1,462			1,454
		1,013			1,082			2,022			2,055
Operating expenses
Oil and gas operations		365			316			700			672
Real estate operations		321			368			711			693
Lease expense		193			234			384			473
Corporate general and administrative		126			124			250			323
Accretion of asset retirement obligation		32			30			64			60
		1,037			1,072			2,109			2,221
Operating earnings (loss)		(24	)		10			(87	)		(166	)
Other income (expense)
Interest income		120			114			239			253
Interest expense		(31	)		(31	)		(62	)		(62	)
Gain on sale of assets, net		-			-			-			10
Other income (expense), net		1			(368	)		73			(350	)
Income/(Expense)		90			(285	)		250			(149	)
Net income (loss) applicable to common shares	$	66		$	(275	)	$	163		$	(315	)
Net income (loss) per common share-basic and diluted	$	0.03		$	(0.14	)	$	0.08		$	(0.16	)
Weighted average common and equivalent shares outstanding - basic		1,947			1,947			1,947			1,947

NEW CONCEPT ENERGY ENERGY, INC. AND SUBSIDARIES
CONSOLIDATED BALANCE SHEETS
(unaudited)
(amounts in thousands)
	June 30,		December 31,
	2011		2010
Assets
Current assets
Cash and cash equivalents	$	32	$	59
Accounts receivable from oil and gas sales		209		223
Other current assets		16		14
Total current assets		257		296
Note and interest receivable – related party		9,885		10,361
Oil and natural gas properties (full cost accounting method)
Proved developed and undeveloped oil and gas properties, net of depletion		11,736		11,789
Property and equipment, net of depreciation
Land, buildings and equipment - oil and gas operations		1,381		1,395
Other		151		156
Total property and equipment		1,532		1,551
Other assets		475		70
Total assets	$	23,885	$	24,067

NEW CONCEPT ENERGY, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS - CONTINUED
(unaudited)
(amounts in thousands, except share amounts)
	June 30,			December 31,
	2011			2010
Liabilities and stockholders' equity
Current liabilities
Accounts payable - trade	$	208		$	83
Accrued expenses		28			156
Total current liabilities		236			239
Long-term debt
Notes payable		1,367			1,308
Payable - related parties		486			953
Asset retirement obligation		2,637			2,573
Other long-term liabilities		726			723
Total liabilities		5,452			5,796
Stockholders' equity
Preferred stock, Series B		1			1
Common stock, $.01 par value; authorized, 100,000,000
shares; issued and outstanding, 1,946,935 shares
at June 30, 2011 and December 31, 2010		20			20
Additional paid-in capital		58,838			58,838
Accumulated deficit		(40,426	)		(40,588	)
		18,433			18,271
Total liabilities & equity	$	23,885		$	24,067