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 14, 2012

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.)
1603 LBJ Freeway, 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 14, 2012, New Concept Energy, Inc. (“GBR” or the “Company”) announced its operational results for the second quarter ended June 30, 2012.  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 14, 2012.
_____________________ *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.

Dated:  August 14, 2012	NEW CONCEPT ENERGY, INC.
	By:     /s/ Gene S. Bertcher
	Gene S. Bertcher, President and Chief
	Financial Officer

EX-99.1

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,
	2012			2011			2012			2011
Revenue
Oil and gas operations, net of royalties	$	325		$	280		$	615		$	560
Real estate operations		663			733			1,337			1,462
		988			1,013			1,952			2,022
Operating expenses
Oil and gas operations		453			365			924			700
Real estate operations		353			321			719			711
Lease expense		231			193			462			384
Corporate general and administrative		134			126			293			250
Accretion of asset retirement obligation		34			32			68			64
Impairment of natural gas and oil properties		-			-			912			-
		1,205			1,037			3,378			2,109
Operating earnings (loss)		(217	)		(24	)		(1,426	)		(87	)
Other income (expense)
Interest income		-			120			-			239
Interest expense		(56	)		(31	)		(118	)		(62	)
Other income (expense), net		104			1			108			73
Income/(Expense)		48			90			(10	)		250
Net income (loss) applicable to common shares	$	(169	)	$	66		$	(1,436	)	$	163
Net income (loss) per common share-basic and diluted	$	(0.09	)	$	0.03		$	(0.74	)	$	0.08
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,
	2012		2011
Assets
Current assets
Cash and cash equivalents	$	100	$	109
Accounts receivable from oil and gas sales		216		167
Other current assets		5		20
Total current assets		321		296
Oil and natural gas properties (full cost accounting method)
Proved developed and undeveloped oil and gas properties, net of depletion		9,930		11,141
Property and equipment, net of depreciation
Land, buildings and equipment - oil and gas operations		1,448		1,486
Other		158		150
Total property and equipment		1,606		1,636
Other assets		578		377
Total assets		12,435	$	13,450

NEW CONCEPT ENERGY, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS - CONTINUED
(unaudited)
(amounts in thousands, except share amounts)
	June 30,			December 31,
	2012			2011
Liabilities and stockholders' equity
Current liabilities
Accounts payable - trade	$	284		$	422
Accrued expenses		208			417
Total current liabilities		492			839
Long-term debt
Notes payable		2,329			2,249
Payable - related parties		1,312			691
Asset retirement obligation		2,770			2,702
Other long-term liabilities		490			491
Total liabilities		7,393			6,972
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 March 31, 2012 and December 31, 2011		20			20
Additional paid-in capital		58,838			58,838
Accumulated deficit		(53,817	)		(52,381	)
		5,042			6,478
Total liabilities & equity	$	12,435		$	13,450