New Concept Energy (NYSE:GBR) is an independent energy company focused on the exploration, appraisal and development of conventional oil and gas assets. Incorporated in the United Kingdom and trading on the New York Stock Exchange under the symbol GBR, the company pursues a low-risk strategy that targets proven reservoirs with upside potential. From its London headquarters and U.S. technical office, New Concept Energy combines modern seismic interpretation, reservoir modeling and well re-entry techniques to fast-track projects toward production.
In North America, New Concept Energy holds non-operated working interests in established onshore oil plays, most notably the Paradox Basin of Utah. The company’s position in the Paradox Basin gives it exposure to multiple stacked carbonate reservoirs where legacy infrastructure and existing wellbores can be re-entered to unlock incremental production. New Concept Energy’s technical team works closely with joint-venture partners to optimize completion designs and water-flood programs, seeking to enhance recovery while managing operating costs.
Across the Atlantic, New Concept Energy has secured minority stakes in European gas fields, including a concession near Berlin and adjoining areas in Germany’s mature onshore gas province. These assets benefit from proximity to existing pipelines and processing facilities, allowing for potentially rapid tie-in of incremental volumes. By diversifying between U.S. oil and European gas projects, the company aims to balance its portfolio and capture opportunities in two distinct commodity markets.
Under the leadership of a board comprised of industry professionals with decades of upstream experience, New Concept Energy emphasizes disciplined capital allocation and a clear path to production. The management team’s background spans technical, operational and commercial roles at major and independent exploration companies. With a focus on cash-flow generation from low-decline assets, the company seeks to deliver value through measured development and strategic partnerships in both North America and Europe.
