<SEC-DOCUMENT>0001010549-12-000252.txt : 20120314
<SEC-HEADER>0001010549-12-000252.hdr.sgml : 20120314
<ACCEPTANCE-DATETIME>20120314165138
ACCESSION NUMBER:		0001010549-12-000252
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20120214
ITEM INFORMATION:		Other Events
FILED AS OF DATE:		20120314
DATE AS OF CHANGE:		20120314

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:		12690843

	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>
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<DESCRIPTION>NEW CONCEPT ENERGY, INC.
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<div style="TEXT-ALIGN: center; TEXT-INDENT: 0pt; DISPLAY: block"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt; FONT-WEIGHT: bold">UNITED STATES</font></div>

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<div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Item 8.01.&#160;&#160;Other Events</font></div>

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<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">In December 2006, Carlton Energy Group, LLC (&#8220;Carlton&#8221;) instituted litigation against an individual, Eurenergy Resources Corporation (&#8220;Eurenergy&#8221;) and several other entities including New Concept Energy, Inc., which was then known as CabelTel International Corporation (the &#8220;Company&#8221;) alleging tortious conduct, breach of contract and other matters and as to the Company that it was the alter ego of Eurenergy.&#160;&#160;The Carlton claims were based upon an alleged tortious interference with a contract by the individual and Eurenergy related to the right to explore a coal bed methane concession in Bulgaria which had never (and has not to this day) produced a drop of hydrocarbons.&#160;&#160;At no time during the pendency of the project or since did the Company or any of its officers or directors have any interest whatsoever in the success or failure of the so-called &#8220;Bulgaria Project.&#8221;&#160;&#160;However, in the litigation, Carlton alleged that the Company was the alter ego of certain of the other Defendants including Eurenergy.</font></div>

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<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Following a jury trial in 2009, the Trial Court (295<font style="DISPLAY: inline; FONT-SIZE: 70%; VERTICAL-ALIGN: text-top">th</font> District Court of Harris County, Texas) reduced actual damages found by the jury of $66.5 million and entered a Judgment against The individual and Eurenergy jointly and severely for $31.16 million in actual damages on the tortious interference claim and the Court further assessed exemplary damages against The individual and Eurenergy in the amount of $8.5 million each.&#160;&#160;The Trial Court granted a Judgment for the Company that it was not the alter ego of any of the other parties and thereby would not incur any damages.</font></div>

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<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Cross appeals were filed by Carlton, The individual and Eurenergy to the Court of Appeals for the First District of Texas (the &#8220;Court of Appeals&#8221;) which rendered its opinion on February 14, 2012.&#160;&#160;The Court of Appeals opinion, among other things, reinstated the jury award of actual damages jointly and severely against The individual and Eurenergy in the amount of $66.5 million and overturned the Trial Court&#8217;s ruling favorable to the Company rendering a judgment for that amount plus exemplary damages against the Company as the &#8220;alter ego&#8221; of Eurenergy.</font></div>

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<div style="TEXT-INDENT: 36pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The Company plans to timely file a Petition for Review of the Court of Appeals decision with the Supreme Court of the State of Texas.&#160;&#160;The Company vigorously denies that it is the &#8220;alter ego&#8221; of any other entity; further the Company strongly believes that the Court of Appeals opinion is erroneous in concluding that the Company is an &#8220;alter ego&#8221; of any other entity which is contrary to Nevada substantive law.&#160;&#160;There are also questions regarding the underlying liability of Eurenergy and if Eurenergy is successful in its petition for review or, even if Eurenergy is unsuccessful if the Company is successful on its positions described above, the Trial Court&#8217;s Judgment could be reinstated and the Company would then have no liability on this claim.</font></div>

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<td width="50%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">NEW CONCEPT ENERGY, INC.&#160;</font></td>
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<td width="50%"><font style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt">By: <font style="DISPLAY: inline; TEXT-DECORATION: underline">/s/ Gene S. Bertcher</font><font id="TAB2" style="LETTER-SPACING: 3pt; COLOR: black">&#160;</font></font></td>
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