Exhibit 99.1

NEWS RELEASE   FOR IMMEDIATE RELEASE Contact:   New Concept Energy Inc. Gene Bertcher (800) 400-6407 info@newconceptenergy.com

New Concept Energy, Inc. Reports First Quarter 2019 Results

Dallas (August 13, 2019) – New Concept Energy, Inc. (NYSE MKT: GBR), (the “Company” or “NCE”) a Dallas-based oil and gas company, today reported a net loss from continuing operations for the three months ended June 30, 2019 of $141,000 or ($0.03) per share, compared to net loss from continuing operations of $174,000 or ($0.08) per share for the three months ended June 30, 2018.

The Company reported a net loss from continuing operations for the six months ended June 30, 2019 of $15,000 or ($0.00) per share, compared to net loss from continuing operations of $308,000 or ($0.14) per share for the six months ended June 30, 2018.

For the three months ended June 30, 2019, the Company recorded oil and gas revenues of $164,000 as compared to $173,000 for the comparable period of 2018. The decrease was principally due to a lower price received for the sale of natural gas.

For the three months ended June 30, 2019, the Company recorded oil and gas operating expenses of $231,000 as compared to $239,000 for the comparable period of 2018.

For the three months ended June 30, 2019, corporate general & administrative expenses were $134, 000 as compared to $108,000 for the comparable periods in 2018.  The increase was due to an increase in general operating expenses.

Contact: New Concept Energy, Inc.

Gene Bertcher, (800) 400-6407

info@newconceptenergy.com

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NEW CONCEPT ENERGY, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(amounts in thousands)
		June 30, 2019		December 31, 2018
Assets		(Unaudited)		(Audited)
Current assets
Cash and cash equivalents	$	175	$	361
Accounts receivable from oil and gas sales		77		72
Current portion note receivable (including $4,136 and $4,017 in 2019 and 2018 from related parties)		4,179		4,063
Other current assets		23		—
Total current assets		4,454		4,496
Oil and natural gas properties (full cost accounting method)
Proved developed and undeveloped oil and gas properties, net of depletion		2,492		2,517
Property and equipment, net of depreciation
Land, buildings and equipment - oil and gas operations		675		618
Note Receivable		231		251
Total assets	$	7,852	$	7,882
The accompanying notes are an integral part of these consolidated financial statements.

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NEW CONCEPT ENERGY, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS - CONTINUED
(dollars in thousands, except par value amount)
		June 30, 2019			December 31, 2018
		(Unaudited)			(Audited)
Liabilities and stockholders' equity
Current liabilities
Accounts payable - (including $59 and $37 due to related parties in 2019 and 2018)	$	85		$	59
Accrued expenses		13			32
Current portion of long term debt		51			59
Total current liabilities		149			150
Long-term debt
Notes payable less current portion		187			201
Asset retirement obligation		2,770			2,770
Total liabilities		3,106			3,121
Stockholders' equity
Preferred stock, Series B		1			1
Common stock, $.01 par value; authorized, 100,000,000
shares; issued and outstanding, 5,131,934 and 2,036,935 shares
at March 31, 2019 and December 31, 2018		51			51
Additional paid-in capital		63,579			63,579
Accumulated deficit		(58,885	)		(58,870	)
Total shareholders' equity		4,746			4,761
Total liabilities & equity	$	7,852		$	7,882
The accompanying notes are an integral part of these consolidated financial statements.

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NEW CONCEPT ENERGY, INC AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF OPERATIONS
(unaudited)
(amounts in thousands, except per share data)
	For the Three Months ended June 30,						For the Six Months ended June 30,
	2019			2018			2019			2018
Revenue
Oil and gas operations, net of royalties	$	164		$	173		$	344		$	377
Operating expenses
Oil and gas operations		231			239			410			514
Corporate general and administrative		134			108			222			183
Total Operating Expenses		365			347			632			697
Operating earnings (loss)		(201	)		(174	)		(288	)		(320	)
Other income (expense)
Interest income		64			4			129			11
Interest expense		(4	)		(5	)		(9	)		(11	)
Other income (expense), net		—			1			153			12
Expense		60			0			273			12
Net income (loss) applicable to common shares	$	(141	)	$	(174	)	$	(15	)	$	(308	)
Net income (loss) per common share-basic and diluted	$	(0.03	)	$	(0.08	)	$	(0.00	)	$	(0.14	)
Weighted average common and equivalent shares outstanding - basic		5,132			2,132			5,132			2,132
The accompanying notes are an integral part of these consolidated financial statements.