New Concept Energy Inc. (GBR)
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New Concept Energy Inc. Profile
| Energy Equipment & Services Industry | Energy Sector | Gene S. Bertcher CEO | AMEX Exchange | 643611106 CUSIP |
| US Country | 2 Employees | - Last Dividend | 29 Oct 2003 Last Split | 26 Mar 1993 IPO Date |
Overview
New Concept Energy, Inc., formerly known as CabelTel International Corporation, underwent a name change in May 2008 to better reflect its diversified interests in the energy and real estate sectors. Based in Dallas, Texas, the company has successfully branched out from its early telecommunications roots to focus primarily on real estate rentals and the provision of advisory and management services to the oil and gas industry. A notable asset in its real estate portfolio is approximately 190 acres of land located in Parkersburg, West Virginia, showcasing the company's strategic investment in tangible property assets.
Products and Services
- Real Estate Rental Business
New Concept Energy, Inc. engages extensively in the real estate sector, focusing on the rental business. The ownership of around 190 acres of land in Parkersburg, West Virginia, highlights its investment in real estate assets, aiming to generate consistent revenue through property leasing and management.
- Advisory and Management Services for Oil and Gas
In addition to its real estate ventures, New Concept Energy provides critical advisory and management services to the oil and gas sector. This facet of their business indicates a strategic diversification, tapping into the expertise required for effective management and operations within the complex world of oil and gas exploration, production, and administration.
