Mountaineer State Energy

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Sandyville, WV 25275

New Concept Energy (NCE), founded in 1978 and focused on energy resource development since 2003, is a fully integrated producer of oil and gas. Traded on the NYSE MKT under the symbol GBR, NCE is dedicated to North American oil and gas drilling and exploration projects, with current properties concentrated in the Appalachian and Utica Basins.

The company is actively seeking acquisition prospects, looking for onshore and offshore projects with current production or shut-in wells, ideally in the $10 million to $30 million range. NCE is particularly interested in low to minimum risk exploration projects and invites submissions for potential exploration opportunities.

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