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About New Concept Energy
Like any structure, a company is only as strong as the foundation on which it is built. Over the past few years, NCE management has very carefully laid a foundation made up exclusively of projects containing long-term, low-risk, strong-return growth opportunities. We have built very large land positions containing resources in which we invest capital, technology and experience to continually build production and reserves. NCE’s future is anchored in its extensive North American natural gas assets. The company has built an asset base focused on unconventional resources – tightly-packed gas-charged coals and shales – known in the industry as resource plays. Resource plays are highly concentrated either aerially (over great expanses of land) or vertically (in thick sections of the earth’s crust). Once identified, they offer low geological and commercial development risk. And they have the potential to make a material impact because of their size, long production life, and predictable decline rates. By this standard, our portfolio of unconventional resource plays, built up over the past five years, places NCE in a very advantageous position for long-term internal growth. Our North American business plan capitalizes on this advantage through a multi-year drilling portfolio on our existing land base, allied to our proven ability to locate new reserves and to unlock them through the use of our horizontal drilling systems.