<SEC-DOCUMENT>0000950123-11-050748.txt : 20110516
<SEC-HEADER>0000950123-11-050748.hdr.sgml : 20110516
<ACCEPTANCE-DATETIME>20110516161745
ACCESSION NUMBER:		0000950123-11-050748
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20110513
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20110516
DATE AS OF CHANGE:		20110516

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			New Concept Energy, Inc.
		CENTRAL INDEX KEY:			0000105744
		STANDARD INDUSTRIAL CLASSIFICATION:	CRUDE PETROLEUM & NATURAL GAS [1311]
		IRS NUMBER:				752399477
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-08187
		FILM NUMBER:		11847098

	BUSINESS ADDRESS:	
		STREET 1:		1800 VALLEY VIEW LANE
		STREET 2:		SUITE 300
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75234
		BUSINESS PHONE:		9724078400

	MAIL ADDRESS:	
		STREET 1:		1800 VALLEY VIEW LANE
		STREET 2:		SUITE 300
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75234

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CabelTel International Corp
		DATE OF NAME CHANGE:	20050211

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GREENBRIAR CORP
		DATE OF NAME CHANGE:	19960514

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MEDICAL RESOURCE COMPANIES OF AMERICA
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d82359e8vk.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML>
<HEAD>
<TITLE>e8vk</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>




<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM 8-K</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>CURRENT REPORT</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act</B>
</DIV>

<!-- xbrl,dc -->
<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>Date
of Report (Date of earliest event reported): May&nbsp;13, 2011</B></DIV>
<!-- /xbrl,dc -->

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><font style="border-bottom: 1px solid #000000"><B>NEW CONCEPT ENERGY, INC.</B></font>
</DIV>




<DIV align="center" style="font-size: 10pt">(Exact Name of Registrant as Specified in its Charter)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><B>Nevada</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>000-08187</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>75-2399477</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;
</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;
</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(State or other
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Commission
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(I.R.S. Employer</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">jurisdiction of incorporation)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">File No.)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Identification No.)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><B>1800 Valley View Lane, Suite&nbsp;300</B></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><B>Dallas, Texas</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>75234</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;
</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(Address of principal executive offices)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Zip Code)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt">Registrant&#146;s telephone number, including area code <B>972-407-8400</B></DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><FONT style="font-family: Wingdings">&#111;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><FONT style="font-family: Wingdings">&#111;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><FONT style="font-family: Wingdings">&#111;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under
the Exchange Act (17 CFR 240.14d-2(b))</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><FONT style="font-family: Wingdings">&#111;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under
the Exchange Act (17 CFR 240.13e-4(c))</TD>
</TR>

</TABLE>
</DIV>

<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>






<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<!--TOC-->
<!--/TOC-->





<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Section&nbsp;2 &#151; Financial Information</B>
</DIV>

<!-- link1 "Item&nbsp;2.02. Results of Operations and Financial Condition" -->
<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;2.02. Results of Operations and Financial Condition</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On May&nbsp;16, 2011, New Concept Energy, Inc. (&#147;GBR&#148; or the &#147;Company&#148;) announced its operational
results for the quarter ended March&nbsp;31, 2011. A copy of the announcement is attached as Exhibit
&#147;99.1.&#148;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The information furnished pursuant to Item&nbsp;2.02 in this Form 8-K, including Exhibit &#147;99.1&#148;
attached hereto, shall not be deemed to be &#147;filed&#148; for purposes of Section&nbsp;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&nbsp;2.02 of this Current Report on <font style="white-space: nowrap">Form 8-K.</font>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Section&nbsp;9 &#151; Financial Statements and Exhibits</B>
</DIV>

<!-- link1 "Item&nbsp;9.01. Financial Statements and Exhibits" -->

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;9.01. Financial Statements and Exhibits</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" nowrap align="right">(d)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Exhibits.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following exhibit is furnished with this Report:
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="8%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="87%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Exhibit</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Designation</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Description of Exhibit</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.1*
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="bottom">Press Release dated May&nbsp;13, 2011.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">*</TD>
    <TD>&nbsp;</TD>
    <TD>Furnished herewith.</TD>
</TR>

</TABLE>








<P align="center" style="font-size: 10pt"><!-- Folio -->- 1 -<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<!-- link1 "SIGNATURES" -->

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURES</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dated: May 16, 2011&nbsp;</TD>
    <TD colspan="3" align="left">NEW CONCEPT ENERGY, INC.<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Gene S. Bertcher
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Gene S. Bertcher, President, Chief&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Executive Officer and Chief Financial
Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


<P align="center" style="font-size: 10pt"><!-- Folio -->- 2 -<!-- /Folio -->
</DIV>



</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>d82359exv99w1.htm
<DESCRIPTION>EX-99.1
<TEXT>
<HTML>
<HEAD>
<TITLE>exv99w1</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Exhibit&nbsp;99.1</B>
</DIV>

<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="35%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="59%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>NEWS RELEASE</B> </DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>FOR IMMEDIATE RELEASE</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>Contact:</B> </TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>New Concept Energy Inc.</B> </TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>Investor Relations</B> </TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>(800)&nbsp;400-6407</B> </TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>investor.relations@pillarincome.com</B> </TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>New Concept Energy, Inc. Reports First Quarter 2011 Results</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Dallas (May&nbsp;13, 2011) &#151; New Concept Energy, Inc. (AMEX:GBR), (the Company&#148; or &#147;NCE&#148;) a
Dallas-based oil and gas company, today reported net income for the
three months ended March&nbsp;31, 2011 of $97,000 or $ (0.05) per share, compared to net loss of $40,000 or $0.02 per share for the
three months ended March&nbsp;31, 2010.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">For the
three months ended March&nbsp;31, 2011, the Company recorded oil and gas revenues of $280,000 as
compared to $270,000 for the comparable period of 2010. The changes in oil &#038; gas revenue was due
changes in the price of oil and gas in the marketplace.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">During the same periods in 2011, the Company recorded revenues of $729,000 for the three months
ended March&nbsp;31, 2011 from its retirement property compared to $703,000 for the comparable period in
2010. The increase was a rise in the occupancy rate of the properties from prior periods.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">For the
three months ended March&nbsp;31, 2011, the Company recorded oil and gas operating expenses of
$335,000 as compared to $356,000 for the comparable period of 2010. The decrease was due to a
decrease in overall administrative expenses during the year.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">For the
three months ended March&nbsp;31, 2011, operating expenses and lease expense at the retirement
property were $581,000 as compared to $564,000 for the comparable period in 2010. The increase was
a rise in the occupancy rate of the properties from prior periods.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">For the three months ended March&nbsp;31, 2011, corporate general &#038; administrative expenses were
$124,000 as compared to $199,000 for the comparable periods in 2010. The decrease is primarily due
to payroll costs and administrative overhead.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">For the three months ended March&nbsp;31, 2011, interest income was $119,000 as compared to
$139,000 for the comparable period in 2010. The decrease is due to a reduction in the
receivable on which interest is computed over the comparable periods.
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>NEW CONCEPT ENERGY ENERGY, INC. AND SUBSIDARIES<BR>
<!-- xbrl,bs -->
CONSOLIDATED BALANCE SHEETS<BR>
<!-- xbrl,body -->
(unaudited)<BR>
(amounts in thousands)</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>March 31,</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>December 31,</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>2011</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>2010</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Assets </B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Current assets </B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Cash and cash equivalents</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">68</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">59</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Accounts receivable from oil and gas sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">209</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">223</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Other current assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">106</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">101</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total current assets</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">383</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">383</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Note and interest receivable &#151; related party</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9,771</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,361</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Oil and natural gas properties (full cost accounting method)</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Proved developed and undeveloped oil and gas properties,
net of depletion</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11,776</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11,789</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Property and equipment, net of depreciation</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Land, buildings and equipment &#151; oil and gas operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,301</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,308</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Other</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">154</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">156</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total property and equipment</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,455</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,464</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Other assets</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">430</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">70</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total assets</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">23,815</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">24,067</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">The accompanying notes are an integral part of these consolidated financial statements.
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>



<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">

<!-- xbrl -->
<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>NEW CONCEPT ENERGY, INC. AND SUBSIDIARIES<BR>
CONSOLIDATED BALANCE SHEETS - CONTINUED<BR>
(unaudited)<BR>
 (amounts in thousands, except share amounts)</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt; font-weight: bold" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">March 31,</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">December 31,</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt; font-weight: bold" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">2011</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">2010</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Liabilities and stockholders&#146; equity</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Current liabilities</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Accounts payable &#151; trade</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">194</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">83</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Accrued expenses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">67</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">156</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total current liabilities</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">261</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">239</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Long-term debt</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Notes payable</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,336</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,308</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Payable &#151; related parties</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">486</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">953</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Asset retirement obligation</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,605</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,573</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Other long-term liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">760</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">723</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total liabilities</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,448</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,796</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Stockholders&#146; equity</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Preferred stock, Series&nbsp;B</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Common stock, $.01 par value; authorized,
100,000,000 shares; issued and outstanding
1,946,935 shares
at March&nbsp;31, 2011 and December&nbsp;31, 2010</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">20</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">20</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Additional paid-in capital</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">58,838</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">58,838</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Accumulated deficit</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(40,492</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(40,588</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR><td>&nbsp;</td></TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">18,367</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">18,271</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR><td>&nbsp;</td></TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total liabilities &#038; equity</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">23,815</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">24,067</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:45px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">The accompanying notes are an integral part of these consolidated financial statements.
</DIV>


<!-- /xbrl,bs -->



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>NEW CONCEPT ENERGY, INC. AND SUBSIDIARIES<BR>
<!-- xbrl,op -->
CONSOLIDATED STATEMENTS OF OPERATION<BR>
<!-- xbrl,body -->
(unaudited)<BR>
(amounts in thousands, except per share data)</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>

<TD nowrap align="center" colspan="6" style="border-bottom: 0px solid #000000"><B>For the Three Months ended March</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>

<TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>2011</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>

<TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>2010</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Revenue</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Oil and gas operations, net of royalties</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">280</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">270</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Real estate operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">729</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">703</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,009</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">973</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Operating expenses</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Oil and gas operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">335</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">356</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Real estate operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">390</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">325</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Lease expense</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">191</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">239</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Corporate general and administrative</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">124</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">199</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Accretion of asset retirement obligation</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">32</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">30</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,072</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,149</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Operating earnings (loss)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(63</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(176</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Other income (expense)</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Interest income</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">119</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">139</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Interest expense</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(31</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(31</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Gain on sale of assets, net</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Other income (expense), net</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">72</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">18</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Income/(Expense)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">160</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">136</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:30px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net income (loss)&nbsp;applicable to common shares</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">97</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">$</TD>
    <TD align="right">(40</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:30px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net income (loss)&nbsp;per common share-basic and diluted</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">0.05</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">$</TD>
    <TD align="right">(0.02</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:30px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Weighted average common and equivalent shares outstanding &#151; basic</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,947</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,947</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">The accompanying notes are an integral part of these consolidated financial statements.
</DIV>



<!-- /xbrl,op -->

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Contact<BR>
New Concept Energy, Inc.<BR>
Investor Relations, 800-400-6407<BR>
investor.relations@pillarincome.com</B>

</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>



</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>d82359d8235901.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 d82359d8235901.gif
M1TE&.#EAO@)E`.8``,_-Y(."@MW;VKV[NLW+RHN)B+6SLI*/Q)62D:VJJ>GF
M\JFFI9Z;F2HG)J:CHCDV-L'`P,C'QI"-B_;V]9>5E+FVV/+R\>[M[!H7%Z"=
MG.KIZ'9R<:^MK'Y[>4Q*2HB&A=32T7AU=+^^O<_-S'!M;&5B85524>+AX$5#
M0[BVM>?EXWIVN`<%!FYJ:8!]?.7CXL;%Q%E555U:65%-3&MH9];5U#PYF/7S
M^./BX6!=7,3"P5-0I-C6U:.@G_W]_=/1T&AE9*NGT=_>W='/SJNHIMK9V+JX
MM^?FY;*PKTA%1.OJZF=CK<K(Q^3A[W-P;YJ8EY*0CXR(AJ:BSL*_OH:#OGMX
M=^_O[N'?W\;#PFMHL-73T<?#W^#=[#\\.^CGYH*`?R\L*YZ;RV-?7R$>'?3T
M\^WLZ^[L]?GX^\"]W$M(1W)NM%-03_GY^UM85K*OU34SE?/S\O'P]T-`/T9#
MG5Y:J30Q,/?V^D(^F@X+#!41$OO[^_KZ^?GX^/CX]_'P[____R'Y!```````
M+`````"^`F4```?_@'^"@X2%AH>(B8J+C(V.CY"1DI.-?!"7$8E'EQ!%19R@
MES""GZ&@-8(ZIIP6A44]'P$4!'L$@C6KETRIH3H@D#Q0'PD^BZ401XD1G'R)
MJJ`Z3$**1PZQ%$.$6IQ>A5>@&H9"`X?/G%:%&J8P0ZV)9*8$[G^XH$6&IO.'
M5[`!&?<+*`D<2+"@P8,($RI<R+"APX>")CA`P0(/#T0;*DH@0$`"'A9=8HB,
M`2:/(!EXDGCP\'%EDCPS!.%ID&;E2@PL&J`31*9*G1)/%A28L>:!(!@?6+"0
M,S)&@S&"%N10ZB&&G#$FR#$:,H:&A`<?%A$H\%$,(@TM>TQ()%6I'!-6_QN8
M<+"6T!X&8-I(0.!D3(AP?W1(:,!B1K%!("C4:?#DBJ$/<@XYF,J"1@_`@ZY0
M((RAZIHZ#S:@.N0G@QP6>=*D&=/E23$89%D\>&*K4`\32ITX*(-H0H`Z0!@X
M"&""!@:(R),K7\Z\N?/GT!T54=KF$`B<1@<]8!%P4)\8@G(@&80!SR`(,O[L
M>5!7D`$\>*8)L@)FS(A"+E@0&L,"`B$K,0DR0A[F"9*`4KLHLL<8X/T!`POM
M)4+9:(6TH%0*C`Q8H"`\U,%"#!<,LL<7+&1`R!$8))&,(%RQ@,!C51RB@8?=
M&#*"4HI44=D@>@2@%`>)],`""@(2UL$@IXV'"/\,>)B4R!Y)8&``(7J8L&%T
M6&:IY99<=NGE)&/@Y(<A(1!&Y"`4=3>(B7^\2-Z53_QQ`I`\$N;"(#ZDP8(.
MAOC0A0J#$.8?(0P,HD5YA,10F%@LA/4'`2SH@T@`VX5@B!]X\#>H(H=>J1X8
M+%0G"`*+%O($"R800A$+2@Y20`"'D,I""8=H49$B/M)0B!$5&8'(`D,.`BP+
M.`@R0W_*X'%<(F*P0($A$^31S)?45FOMM=AF"XD'(;!`@B%U=!`LFMSU1@BB
M@ZQ%ACZXI4$(L'4@DH(6@2*+2*>$%,#"LHD,P4*\?\P@ZB(!I*`LA8(\T8*@
MC.!;2`U*:478%(=,/(C_!P[LRZ>KL!K2A8]X[*3-K8GD:H@'+"3QZ[A__*#4
MQL=N:D@$RB;"@U(A&B)!L=KV[///0`?MD`<NXX'9'RZ$`.R9@J1)*"+HLI73
M#SPJ^BPC#`]RM2`._Y$G"T`LP@=.&>10P@0#+*!V;88$$(&B&Q"BQ!A*9/V'
M%1*4(,,#(=35-2%=L)">`:@A@EMZ@GCP1[-@\/S'JX:(L,8$:[#@@"&V>EJ(
MR86D4-$)ARP]R(,L4!VPO8?0S&_;J")B`1E"QR[[[+3/KG@;+,0IB!X-$"`Z
MN12H(+P.9AT2]2$OX-0#(47PQ[8BA'$@O`I&Y*`-NA.<BL%%BW0[!@-Z_)$"
M_X$?W'.(VT-DVL>:,=E-PQHADL!"C'_\/0@0__Z1$<"&."';Q7<+7!+V(`C(
M%6(-R_/<`P@X,LT1@G-4^DBA#/&[/R1E#`R,6;)65P@/%:!V(`RA"$=(+<7=
M*`\[X4!,*O@'BHRA`3#$`],*<;Q"[*%RB!N$#I1"+T(@(`D?:8`$!$&8%\90
M<88J3P%"$*8<Y"P1$\@`?_"@E3]TP0FXRD3E[O0'"\AA%UDS`AXVQ@$\K(%K
M-12$CXZCJ!D^<%\`_$,1"!.WQW5L$%;`P$YP4D6ND6Q2.S($3N[X+A:`0001
M"$"FS'<ZF15"=8E0RM9(2,E*6O*2!T&BAW37@%VPT/]I$=&5\1PH""B@!G:$
MV"$+GC>(8XF@7INR`JV2B`<MY*<.X5/$!)*`@@G@[DP7>(`2LOB'`T'E#ST(
M4-:*TAXXT/(0.FK`'TJP%$3DYYA_0**#E!(0`PZB`U#0&M@*D3E<!;(0>6#!
M$"DH&R-L(`0IR*6Q4#>SFB%"DIC,IS[WR4]"('&'#[B`",`0%9:UL%R#N-PH
M$3&`=++R#T+@#YL*H:A,$)&>$ZT?NA250T1TH7%_4,(@_V""*1&3#RB['`H2
M<-%!U4$.\KR>`RL7$PFP`)N%F(J[$D>(`[%@`-[\0Q_R8$08[LMT?B2E&L\Y
M"`$HY1?L=",A-(@(2"+"0X[_ZJ=6M\K5V&D35!1(@E8^B=!%I+&+E3+$,/&7
M'8JRP*)_L!OFT"6$[;"4H2RHX^-0\P$G'*9D%C6F$6;@S+C:ZP$8N,\@W&&_
M/UQ`>7_00#I?<(CMA).GA,A/`V)`R`288'K"PPW]DGJ(&D%P$/[C7R%86`BJ
M$J(,!+1J(2AKR@;$M*NXS:UNM:1-4L'P,&15D[!0^:9#^(\]A1#`E$2@%.XE
MZJVP-,03PM<USV&`LH=H%A8%<8%CL:"'?R##7Q]H40L0I@'+:ZD@*K=.040!
MC9I+;2YEP`(N$H(',YF'-@6QAU7=40]=4.P@(F#(!AKB`KH[[=WXT][5&K2U
M]"QE_VSM2:4X">$C%#-$#9"ZVPY[^,,%V2]ALAK<0OR@K<5]I,8,D89L6%`V
M3Q1$1:-+"!B<Z6])20)Q"6&A!G#/!QE02AW,YP+0M0VN&</`/+)F3/,E8);V
MR]@81D$*,.BQ$&G(@W#W*X@^@.J.`U#M(`(WT7+BATVGO8"'G'!;83UXJBQX
M)2%&D*H_R'80(:"3OKI@Y$$<(4`@#K2@!YT()-0!,P'`Z05SJ0?^A$`+D-8"
M%#!@7T%XX2/@O5LZ:1"!3G<:`KAA8)OP<,A!%&$[+N9#.@,0Z1]\(`]N$B,+
M5N0U#\T`NW)+)P80L(`'=$$`./D7&!I4"#T\8&L3P$-Z__^@ZMP-`C<@:0`8
MUO<',>+!"#\80@*VDX0:#>($3S'=!:S4*GJ,(=."(,`8.F8%%'!YO3?=":]8
M0`1/P\`##9`/[I+`!"T0H`/PR>AC;MIF9O,'")Z.0`?RP":?(L'3$$#9$Q6)
M`;5T<0%=B!"A-\[QW4HD%A+0"O4$@0,&!.#D".`(%$[.\I:+[`]$B$4`/J"F
M$;3\Y@'X("%P\(0DO'`,'GB"?&`@`9RS/'P+D/D'%'HWEF/(%6(@4!H,T`PR
M!"`/>?B`J`=!``J<_#*"X(`[4E#TF5O<`A(H#PF,G/2;+UT^AN`#$=*``0R`
M`0K#'(0!7K5T0QCA@W@[.07&-`C_DY^\?-8P>@"(\`?-X!P*(MAZ(?S0`Y9#
M86.C0X#B.]8/HR_[%HE&S0R(4/".F_[TJ$^]ZE?/^M:[_O6PC[WL9T_[VMO^
M]KC/O>YWS_O>^_[WP`^^\(=/_.(;__C(3S[N.4!<'6R@!QSP0A627JPC4(`#
M%+``#L1`!`9$H``4(`(%X+"`!(0E;?_X016\(`0&)"`!%DC!B\@0//70204A
M@*L?"L#X/XP@!`+@!+7Q`QO@!2Z`!%%`!"30`RG```A`!#W@!RV0`1G`=%!`
M`>N#?XKE)DI0`@N``!!`!ALP`$C@`N%@`0>8@"'0`PE0!=/%!%_0#'R`!$3`
M`;Z2-@N`_P79HSL"$`(XD`%1@``)@@07X0=58`LX(`%#4`)\$@5]I'Q0&(6Z
M90%@T"I:8#UC@`/6,P`?H`=`,$Q3$"/2Q`=*$`"V,`4&$"/+0P(6H`2VD`,3
M\`#A`P4?A`&,1R<#T`"`00.`,@AF*`@JH"LET"`M<$8T``&C$!,XL`#^<1$H
M`"A.X";@-PA\^`=>D%A$)$>IL@;;($I_<(BCH"LP@`-R,`$)D'<(X"@,D`(M
MT#0\T`-@,(?@`0$+,``!4@)?H$9)`#HOT@%=:"E2&(S"N%4'6#SU8P)SQ`<R
M,`0SH`,CH$U)8`%C@`"7$P!5$`4Z8`4>,`/H4``-X"M_D`,PL/]3,!`3(B`'
M(D`G:M.*G]B':E0;@?@'(>`!6$``'V"(@Q(@"^`$'V`BC^@@*O,X6U.)'9`"
M1Q)7$.`$,<*)$.")AR@(GA@`0*`F,T!E\N@F+@`%1!`4?Q`%N@(!%"`!NB($
M;P,H`<`!BC-_,?`$.S:,+OF2)-0&50`&C&4"!``[.<`$1L$#VN0!?"!-R6"&
M/B`$?4`&!C`&+]`'16`"SY*3`:D#9P0!-8`"A6(!;;`!QU2)?@B/NA("/P`$
M&:`%^&@L40$!>W`/_VB+!320*G`!:=`!#^`8TD0`1,*0#CDHGO@',M`>S3@(
M+K!.&_`$1.`'ZS8"'RD!6D!`)=`!7?#_++#R!#+@)BDP2S!9F98Y.PG0#0O`
MCB"00^GQ!`'0(^2``":"32Z`!<6$!(5"`P+``'XP`G<B`WH@!JC0`1R@!Z\D
M`O'R!>B``,M3`B>P!VSR!:C)`4,0-G$C`POP`V<$!*^D!SOE`.2`!1H@!R=0
M!"5`907P(@1P`D#P`G1A06'1`'M0`^ZR!B`@`F'C!03@G$(5-O?S5SU``GTP
M`4SP`VQH!3%P!`%1!3M#*R+0'2H`)#5P1B[@`WJP`>NDGI?9H`[:,WSP!.$P
M`E#@3",@H9'U!#7@`Q)0!!9`!$C``7MP!!_@&'[@`!P``4+'``;`>`E`@Q90
M!!)J!0Y@`"+@_P,"8`3A8P03P`"\(0(4(``4D`(D^`<GFJ(94`-/(``94`8C
MH`$P0`%>D`'^(6EE,(,)0(M^``4I4&^#0`0.H*(O\`1,T`,_VA@%,`!A2G\P
MH*(00`1%0*6/TJ2"<`*-(2(M*@+H,`0<P`$",`$&(`!*@`-*B@,&@`3-(`*C
M<`0(4`,.X!@6P"=Z``$9,"T/>JF8FJF:NJF<VJF>^JF@&JJB.JJD6JJ*('>"
M,`!`=0D&('\#\`,6@`1(X`![H`%/`*168*<A4@0IP`,%``%&,`00(`%DH`0]
M@`,Z8``,`'>VVH<1X``:$'(B(`(D*@(]\`M&D`!K<07%H@>MZ@`)`/^K"X`$
M1C"B'Q"@SH0$*9`![I@""Y!WMZ"NOH(#+[H+`Z"M?A"N$C!,(Z"C?<H!V6,`
M$,`!1U``SL4!2)``%Y`]2-`#H/,#'$`$F&>J%%NQ!`$!``,#/UEM$:`%/DD`
M_E!,+R*;$O`L7V`]Q<0[0D4`1_``9=":5@1D%AF.P(B+?R`'*J`'F3`&/@!J
M*A`!;H(`W^(''5L`.$``+6`+!5":>I`##N`%9P0%X$4"AVIJ,D`&??`$%Q`#
M2M`'3@`#0"L(OA(#?8,#S^H`:/<',9`)HV!;[E$`>D``U1$#,.``Z>$!%S`"
M;F*Q?-NWCT`$7V"1TL0U2.0!A(<!?`"'`7#_.1"@H'\`)&,0`<`(`[K1"ET`
M@/K0`PW`!T60`[""`@:0`;9P3`7@`A'P+%;@`F-06%KP03R0'02@.'0C`TC0
M!PT`!2HP#UT0<NLD"[N3`"C+`"1PNH+@'QU``P7PLS#P`&*GM@PP`(PWN'\`
M!@(@"%V@!#$P!4+[!R20`SS@CGX;ON)+"`3@`CW0!8%B*(7+0$HF`PQP1G\`
M`3X@!P,`)`V@`EF5!E6$``T@,V`J`=/WN2-@`*-;2OGW+`Y@!"V@4*WK?^C;
M,BJ#`27@)GO@$_?@`S(0`#20`+E$`DR7`?#I`&)`O/'[!QTP`3&0`9EP`C'@
M+C%@`#_`4M([!D:6_P9"$`-.`&@<T`!,-[X^[+=$@`Z_EHF$*PA`0#%7$#;6
M0[4E3`9U$+TL(F,6M3Q(D%4P-P%C8`0+\+F`D@U0T5TDB8%`,@&X5#\?I`>]
MA$PQ`A4QH`-'L`M+^RA50`8R@$7)P`$H*P!U)0@;D`"^*@AA<20:``81@*%A
ML[9RI++T``7CH03QLK8K]P=34@3P^\.67+$J@`#=B`!\L'WRH0-.`#M'`'W9
M)WTC,`%?RZ[T``,"P'T)_`<34`5:<9(9H!GCX05:VP-\X``%H`$3Z`#'F@,+
M\`1\0@0(@`0F,@$M0`Y_)\KNA[9:J`)#X`)#4``<X`#H0`9`0`%(X`0=T/\*
M/M`##(`$]S`$#D`$*5`,4+``/5`#OM$-/%`$!L"""Q#+O(:[)>``P!S."9`!
M?UH%*0`'(8`%3Y``[7S)")W0#:$%C*30#OW0$!W1$CW1%%W1%GW1&)W1&KW1
M'-W1'OW1(!W2(CW2)%W2)GW2*)W2*KW2+-W2+OW2,!W3,CW3-%W3-GW36&(%
M!C"S$#4`N\H!CL$C6B!G/^MB$-5I6_>S$;`+/-!I#1T)7B"P&D!X#O$"'!`!
M[EP05F`$(C`M$S`O@^`'!A#4..T<%Q"Q/Z!Q"$$`&6`$3^T'G4`((``#\&K2
M91``)8`!<L:AV$@&-1`#,U`'@W(!+O`$IJ,"%(#_`50F`"^<U%C))T.``BCP
MU(_P`B1@T'*`;@H1`20@?V``OI-@!06)!'&CS.Y$#E8Y`%4`5V6]'"TP`BKP
MV0O!!QT0(R.`8H)``GG@#CZP;I,0(M0FT5I0+$_@*`7@B0I%`K3B)^4F"&.0
M!RMR6:LEO33@B4=0O7^``QQ@`&NA!TRP``(F"%60BX^K!2"@-FNCQ>'J`WV0
M`@G``0E```)0@Q'[N.A=SX50`NM$`BHP`@M0O4*0`$)PJ$5PWX&Z`'W:*CJ@
M3&6`DEV$`F20`;K"`97<VLKQ`-WP`_C7`F/@!'4``@^``$([!&`P)18@!DRP
M!AV``"WP`S/P+!>P`?)!_P$[%1BX)@@2``;IE0(-4``BN`$(@.)UT!<M$`()
M$(1R8"D,\`$Z0`(,(``A+@%`@`-\XP'-_<,N<!%#D`<G0`"6VB9QPP`QP`/.
M)0AMT`9@X$S2_2[4[8D?@+)_``1,!P+2NR9Y4"@3<`$I<`$4L`!'D`*2`YW/
MDDA_H`=#)`>9$`%>L#R*8P2.(PA?H-=_\*?),PC?(@%?\`.^D@<^P'@8`"@F
M]0>Q70`PD(LA($H-``/HZ'\X9>'((09C<#7#1%`X@,*D\#@'"22L]@<O0'Y@
MX!]JL@:$I#,)(`>M(!(?1`'^<00O4"P$I03=@`5XRP0!,@&,!QYZ<`\QH`5<
M@?_0%]`">4`.!5`'(N`$<@"O3@!&)"`Y>=D&ZU$">K#FPI('U4T#8"!*&A`%
M&$!M--!_]5/G?FE(%$-`?:X>$'!&"FEGL!+4*)`)J$!`BH.@A6`!\M,%]Z`"
M_()%*\=`)D%`G]YX]V5(X<-91$0$>9`)A^+JRT$&3]``*``8!+5>',``N_`"
MMB4!X1``&AD0"^`%#^#?@Y`$5JPS*I`$/:`#6!`#R7Z26Q/S?P`'=:"T4T(&
MUWRS'/`!@&("$J`;";T'%)`'$T`"\-D`W=&P,C$*.G`EU7$%8+`!\AX5;2X(
M1%#J$]3OA@+P@S`"**$5!1^_7;`!)%`L;Z.`3;.XGOC_;H0P`"\1`1B/6G\0
MR8+@)'^``13P!,N&@B+P`+(I!N3=`"D0N?['02KO$,4B`&`P04X?`RK@"8*P
MS`DF`D?[!P%A!&N@<XO#CH(@*1*`V#-0!3Z@]']P?2J`>4[?`NLTB8]_)&OP
MLR%B`@CP`"WYPSZ0!WX0`"B;!I=3`P7`0`WP2B>@]NXQ!@$YW90H2HL[&!#9
M?WJ@!8,K\<@4$3$@2GU_\!1``LU`Z-C=\'^0(-D$"'^"@X)8@F0/'T<8@R1_
M4`&#>8,8*CY"@QQB?R<8-1]`@@TU0`E_(@V$JJNLK:ZOL+&RL[2UMK>XN;J[
MO*H?/G\="X)@@S&"/SA_/)Z"_P%:?UX$PW\(Q8)38$6"1E<71X,2*A</4'\Q
M!7\4$']D3,2"`P^","`-$^J1QW\P?3%:'$+U&DBPH,&#!,LHTU#B#P$PP&*<
M$"(G0H0G?R14^1-A!J%]?WK@X:9AD(-4@H"$XH%$4)UW-(C$TX)2Q!!!-(P(
M8D!!$`5J$-;\R=$S0J0_!OZ@B/!G@@-!'DS>%.2$@"`9/?Z,L?!'PX9'1_],
M$E3ICY*L?Y"T$93D"HAY*1KJB%K@*\*[>//JW<NW[RH@)<2$`#;$P],!)@($
M:(A3D(`<(0(`(5#EZ1]3@WC,F$'B)@.,?W"(D=`GZ9`8+:8XH;'XG0,/0_K,
MB%SE@_]#P25^I%CCPH63"#&>M@C0QZ_QX\@)$FG0)L`>00;$M-`R80V*ZRX$
M;2#1`5]3"A[0_DGW)XU.AT!02+ALP@2'',,LB"EA1$P,&C$&,$A"@T85/8)\
M08,8D#V'`PDA:'#!%S$(H$(.3WS17!4=8+&&$P&(H8P!:U@F1P[AM%""#!0`
M4\,:)6R@AP6KU?!'!BA,\<<425010`[>A01$"#H(`@$))7#U!P,;?)!C<D@F
MJ>223#;IY)-01BGEE+T(`!J56&:IY99<=NGEEV"&Z=<4<(AIYIEHIJGFFFRV
MZ>:;<,8IYYQTUFGGG7CFJ>>>?/;IYY^`!BKHH(06V@H24"3_NL`+?:60Z*,I
M%-3#H]NHDRB`1I!@R"`9J#`($54PM<H`B2HA"`^8_3$$"=3\@44+FQHJ*YXJ
M/"'!`E"D\!Q!7E`@@0,(#`!,+1.X4$*D?ZA0@(N#]""J('`H%H!E>ZSWQP49
M9``.(7I\$(`(9F70`SA%M!`")B'U,,"L9T[P``E:&)%##&7J%<``!K!@P`!A
M\4+`#/V-X6(*8M"``%)5%(`!!X(@@0<T?P20@A\YK$N(!3+00`*`/*Q!@R!,
M%,``!NOJ(`$%>5C%KIL6$'&K`^0AUT,.YOS1QP+("D*`M9^*\0&`$0"QP;9_
M?*)*!M)R940`MOTAA&*5%B#Q'R60_Z`"!`](L,<($;Q`0`0$/'>%11%4^@($
M+UA0!-G,_F%""#A,40<#?(S`!!F",/J''P00<"0#N-91W`AUL"-(!&#(-,@4
M7Q10@A/0C2'(L4-X1`@2C8_PQPQ%(/$5`C"8\,4?3)`P`0U7K"SF#-9:48==
M?S@P;`0MO/.'%;Z:.L@+J3*1P0)-$Z*,"BQXBL,/-'#``0,WTS#$!$^T](<>
M,0O!`!$9#"("WGI`I(<3MG-$%>P80+-''OAD$!4A44!A!2$%?-S5<SF84I)2
M%JO.)A0HJ'`"B*<BQ!4@@`.NC"`%(/"#W7#`!*+QH`8UB(`0[':!Z470(EX0
MQ!4DP($NF/\"!SD(RP7:`)*N?(`#<NB)"PPPHD.T8'V'*$$!"I`$082@`*#I
MP`RY0@0=6H4U@E!!'K``@33\(00;R``8]F"!)/2M`[$C01^@(`$)$"$/1(@"
M'P2!#IT)S```G$`#MABQ[!`"8B8X`50,5PT@*$X00HI"ZJSPA*CL`0]<P8`?
M!M$]*)A*")/00!<&`87LI2$I!0B!_L#$.D[A`1@7R(.,DL6(0?A*%0R8Q^2V
M(9!5$,]3@A@)Z031A04H09&"T($>!4&"][UQ$$S8"`BZ@(<U"$D0'S@86:!1
MAN+]`0*2(T0.\M"`'PPB?H2H#H"@Y8A%L@D\[1@$#J[Q!PZT8`+_$O@`%BC0
MAQ*H`(Q_D$$S1S"&/EA`<AF0P2`@T`4"&$%Q>H,"*J5F21>4\'X]$(,>3#4$
M36;@`S#\@Y"TL)$!R$!8MT/!`NKU``J`$HBDE$`$A!*`GN1!`.?(VP^,*(@B
M;)$1?5AF%T7!``C(CP,NR-YX:J:*"<#.`X8+P0EBLHH]F)$$9(@*#\8"!I6U
M`P9K`(,0=(`2%&Q#!`^`@5:80@'+.9-+C?21+QV0`DVJH)(^X=E.:$`-,7A`
M`V5HQ2<',1(^J$P)==C8(#Z#%BC400-X4T4`E`%'.4!Q$$G0W1_*)XJ>/(&:
M@^##!U`R'ODYS03Z.E476,#&IYZ)`@\P_VFS'G`3(1`6!`X`@AZT4`;)JH\K
M/1CD'XJQ`,-&("I%V-4@OD!7>O(C`0LHX3'#-X#L"*$'$`@H(4W!`P:,82,7
M,,`#HL*'T&WE#Q#]0SDF&K'-8&8&"`C!162[5U6,5"NXE=\"O!#,`K"4$`@`
MUQK_\(-UT311R!J`;7K`@S]$10!C:<`($``%Z06C`$2=GAP\-8$"S&,,3$&`
M4!R[I:C&[I%]R-X8,'I50EQR<488@&BMX`(\?)<08PVERQ@P""`,N&@94$(#
M`%0M/$1!%7T0[2#($,P_?&`JNQ3$!43F`1J(X#JP\T$7[H=,0A"AQ7\@P28(
M_-C^*4X#7]!!"_^J&5`^.*$!#)/L`GH`A#XX8,"D-2T8$*!B;+"4GGH876PO
M`P70C"!X%S"C"_20V[1`09=_<,'[\E9#04Q`#,_2"'*/`H(Q@("Y`4#`!D!S
M#!]X@0@P7"96N4@>$8!A@!\C%022T"/O'F(0"UC7,F'ZA]+2``Q)4%8!I/<%
MI4H@8#0X'QS.YP<)%"!5*9``#AA1!$T*5)TFB-07[DID+$45#EWX"A("`*K1
M-?@/?+C`@]_G`@<LX`&,8A0!,*`W563X#Z*T0DD,8``9@(8!UWM`I(Q9@SJ<
MAQNHY"-CB)`4"\25K["4@P8T``$(P/@/3EAFCP<!;$(,`'*]%A,TE\G_`0.@
MX@HZL+4>,JB#+L!`RJ[;@!>PW&GY6>"TJLI1#1@P`7U'0@7]24(#%K"``ASL
M"D^P`(#T``5,E*$_:QC#$Q)0@-:-CA`;(22,=1")JEU-#EGI2)P1X#H>Z&'`
M&2A"#I*"`Y5A8)F">%O</'B*4#QACTQH@P\^X`(5C$"\`_``!:!@F33D#[FO
M%$05CK2^$@Q`Z(,HP@($`(5MS$``"8!<#\H@@O4P(01D*$'J`CXE'6_`:R2@
MUR/*!`<,:``'>7B!"GI```14004\6(`&%)<!1_A1#P^X``)XW5$65`K;>_"!
M$:8`@@+X8`@8.,$$>O*')P!A#R%X7PE\&N?V_R(%`3]`P$T2\(`9=J""/LA#
M^`1P+%5HH`,$X`"<`Z#.&2&A#Q2(E!%$L`<GQ(KP7H("1V_'X3]L``H3F$%2
MKL`$#D`C!#`002AZH(<GV,8C>DB%`V2`>21$P(@6D!1F@0)1@`#6\@&D-V:#
M8`%I4%%1X`-.0`(4$`#UTF:J``4"2`%:,`5987!#<#"\4P0.10#>$@#N8S/V
MQP028`XX\`$]("T8T0>+@19#$`#V58.*@0#X8`$44``I4`#;D`(!P`$2("W;
M4H(!8"I&07O0`3%\Q#"$8!GCT2]_\`*044'3XP(Z:'XY`(5I(5W@-R4<("T2
M8$Q_H`,?``(.$0`),/]LBI$!0E"$BJ$#3X``Q3&!F><"(7`3,$((7B`U!9!!
M!B`M@1@`V?,#`2`R$E`2#A``$.``'1`"D\0I@T``CU-!2B"'4P,6"%!!&2`!
M1R((>D`"-,!&1A$`-]%M-*`R1!`#3C!X8=@E*E"$XA5K._$!1O<!)2`39Q8"
M!L"#!0`#$B`"5G`$$?`!"4`$W_($TO(#"R`M2G49TA(ILU@`&"4(()`J:Z@8
M'/`",#@(5R"%@Q`%WD$!,B"`4T`BQ:$!8M`!H!2+\*@G&L"$\5B/]GB/^/@G
M0D!&^=B/_OB/`!F0`CF0!%F0!GF0")F0"KF0#-F0#OF0`BD/,Y!!T\,`VOC_
M!U4@@(/@`U'@!*`(2R'P%%?P!4`PB1VV!B@I*F3P!5^005C@!%&P*PL0`CTP
M+!!YDVRR!PE@`%@0`=N'D_$8`050@PWP'"<@=E$X!JT2(#(2``#G!`7@'6V@
M`=W#>T@0!237`."@`VD`2CH@!Y>A2-WF8L$#E(ZE!QO@`29@*CC0`?3H`(Q!
M"%Z5#D_0!G)0,B2@4*I``24P`^U5>0L`@E60!#7S`;AB%?C"`"HP``ZP3`3@
M``(`.!RP`%=09@A``3#`!`G``>M0-$2`!#W0!R/`00M@!'0W9?C@`PL@7B##
M`SB```[0`Q/`F(X)F0P@`@FV/1F`!'&52H+0!SV`_P1'L"P3@`1.>`$.(`)&
ML`U3@`0+T%X#`&<UD`&]:992(@1<P0=XL$?(Q807$`!IL)1BH48#4`P&@`+>
MP00<Y01E>8T6,`]>(`?1B)&.H`=UH`(S$"DIT&76N4@@@`5*(`.VH0$V,@@U
M,`.RM0`.$`$GX`,,X`<(`)8#,`$+$%![L"XR<#`FT%ZA,`5DD`(H$!J*I`,E
MH`21,`70D`?(,@.1\`RN,@`\H`4!H`<PP!2"Q`-7T`4`P@%,<0U9<0P4X`@B
MT!-*\`$2\!79\0\.L`DJ*@@L&C%:(``(`""E2`A6T`46(T_*I3E2Z`=B@%$Z
ML)M#U@8_H`5X4"D>TY]:XO\'3D4#M.<#,C`!'B">0\0/D]``3I`#:3!4=6`J
M'_!AA)`"60$%#2`!8#`,:T`>8P`#>*`Y$;!H:NI,"$`>KI413R!;=3`&XD%>
M=884XHE+&!4`)A`!L--W39$'ZH6;#9`5>!,#ZB0$0.2B4R&CA-`%#%,%T>@#
M7%$,4P&DCF"-?``&3N$(H_,/1E!#KNHTL6H`<%:EGP*>IV)$.?`!%]`J3Q"7
M9+`&9E@`3J`%4/`Q$.`"AA6I4M("I^>F@K``VS"G>]D`0_!D%L`"[?4%-20'
MX`,&,4,(0(`/.0`Y%\`"/^`!-8,!$,`"T!`!8T&NB^0#_R$(KE4`(*"`A!`!
M<]/_+`+H`&,`0(1``WE0=F.@,@/0`!P5`7@`<!U3!^_3`R8@`*S2HE!`!-1`
MJPYK%V!@3!<`!"<V!AQP5TD0`B8`#.:0`<(A$R>V!CU``16DLBS[C!%C5X/@
MK()`!/9Y/T"`AF-`!/FC&(00HCXA`UI`L;TE60H;)4AP=NA:!AAP'1@`!B*`
M`2S`6*H"`SFP`7#@2Q#`"!='`'GP`P7PM@/F!74F!D?Q`$3@,V1!3E8A`D`V
MMNS"`!I)3U[0@#$`!@90!1ZP%B!C.2I("!J0!W[@`A[P83T0%0Z`!$]`6%:0
M!`.@!R90`R@0"470+;:Q`!V$!,H(I;<##C([`F#`%2]0_P!-0VRCU13@$`-6
MD`;&1`%Z``0"(`)R<`4)4!+_@&FU>[L!,`)BX`+XX*PC0`!/``$2@$H)T``X
M<!\Y(K$70`**$P(2\+4.@`(<(+:,VR0I\!06<(WHNEE:H`5=4`"W-`@Z,`-J
MQ+:GP%$^\`7I1@BX(@A/8`(NP0,]H$X18`)[4``]@0!Q.;^RD@#K0I'TY`<D
M1P+M%$$^50.*%)D38`'U4AY[P`,1$#XC$`H/D#H;D#\=(`1#8!L$8$0D0`!0
M@`5,\`$:D`1\(!F/D0$04`"&0`0Y<`%^T+\08+H:L`8<$,,V,080((0"T`4"
M\!8$P`!#P``E8``MT`,&D``GT/\%TA/$0US$S)L#1#`!:?4#:U`%"Q`%1K`&
MJ5,$>=!>2@`734,!!N`'&R!1*2``-5`"3&`$(>`%"9`!?9`#+_`$:U"=&IP<
M'-``'N`!#_`.*I`$8D"14"&>7H`$).![(B`#!%!JR_`$5:!:A+`!<Z8$2V<`
M+N`#%Y`#3%`"X'($,T``)!`^ETPH$-``,1`#CF`!+2`&6-AI):0$8I`!%*`$
M5O``:1`#,U`L&9``6E4&0&``PS@D$K#*V(0`2-`3<!`#,``L9C$`U]@++#%G
MK_`"%V8]>$&16'@!6/@"2`!U`]`VP\PF(O"_`O6+V%`<K>"$V.![@I`"_VL`
MH1C0A!?_`?>&808@SY5X=@(P`,4Q`=$;J.^<)%ZP`3^P<#VPJ1*=TBJ]TL;!
M`Q!```3-TC(]TS1=TS9]TSB=TSJ]TSS=TS[]TT`=U$(]U&HB`#GB`RO\!WM`
M5P+4S(*PCWN#+K%P!!5D`6I$U/YH!EP0!TVPU3[`!5W=!#?`!0K@`W$`UEO-
M!5QP`V?0!`H@"':@UDWP!VW]UJ)(UFIM!F>MUVI]!JI@!H*PUUK]U@I@UX/`
M!6YP`W$@"%M0`3?P!V/]V(&]UEB])7V0!#(P!G_YI*LE6S*@`QN@.`G0`1@5
M:T;`M8/0`'FPVER!!7M(7E4@!XPA`!B0!UI5V837!#80!P!`_P=E305-<`!4
M8`=+(`4^H`!AH``[P`4`\`9GH`=28-=Z$`1+``!+@-AS8`>"X`9S$`=;D`4W
M``!A$`<WL`1;`'5_$`0'(`@WL`-HH`!W\-9N4`&#H``'``!F4`%N8`8K0-8'
M@`9LD`54,`A+<`!^C=M84@-[U`$Y5ZE&0$*$P`.*Q+M_D`(YP)V4134](F-J
MJ`0;01'WHX;_(@AMP`0VB>#@1P4`\`?F_0=N\`>]G=X#CM]_L`+T?0=-H`=H
M0`@5L`)_H`92```K\.)V<``[\`=<T-]N,"PK,->$$`9+`-A_<`!A\`=4L.-H
MH-V"<`#K+0A<$`9=;MU3?MU_H`!+4/_E**XEM^*P1\&#/5!",'`,Q*-<A;PN
M`#8>"=PPYM`&+0`%7O@$/<$',]``9I3FA&?=>D`'5*``*_X'.Q`'![`$"O#B
M+KX"<0#D`+#C@U`!6<`%.P``H#X'.AX$1\X%=.#C@]#DA-`$`$`%00#766`'
M:D`'?Z#I@K`$]#T(:J#I9G#D5+[>5$#EAHXE?I!S4VA#&B"QMX,!1I`!Z,,"
M-2``>%`&+;"*1KL*+G`3>*`#1U`'AC``(H?0.7J1P_Y4/F`#8;`%N#XL;B`%
M;D`%88#F<8#K-S`'%;#8FZX&3<`&,)[D:.`&35#J:K`"`RX(JCX(5"`%5+`$
MNG[?<Q`$7$#_"%F0ZP:?Z\H]Y68@Z6@@[.4N)1+0-O0D`&"``F"``1(P`\04
M#3P7`_&:$NQ``#"0!Q<0`WF`53GG2P'03'\@!O8E`DO6\41&!3Y.!07_!V;P
M!ERP!7=PX%/NXV<N",?]!ST^"`#`!;V^!0&/Y"O`!BN`Y@=O]3ON`_TM"*3^
M!U)`ZUYN]JC^!TTP];7NX^L=!G3@`QP/]$X2`-N@AL>N!RJ@`DU%T$=9$L6T
M\WH#O*L@`N77!8;`AH-0!;>4`-]G]XND`%C>Z`;_!W;PZE1/WQ70Z$)N!^_^
MV&Q0`5OP!V%P!@"@!@JP!51@!F9`!Q#OZA60[D&PXFP`YORN`*^>PM^"H-QZ
M8`=2$`:D'P?3C09;$-U%7MA2</M2(-F2KR00@*`Q$`D64``NT,P#<'."P`<B
M\`3,(@+"L!X\`+.L0`*#=P4;L``]$3\.H!-%D`82H)'/[TS\SN^$(-E,/STK
MMTP^``@W?X.$A8:'B(AL@XN#"H1Q33Z0"I.)EYB9FIN<G9Z?H*&BHZ2EIG]\
M0H9*.(-"$XFJA!97DWLU<(0"%Z>]OK_`P<+#Q,6:!UG)RLO,S<[/T-'2T]05
+QM?8V=K;W-F!`#L_
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
