Tengasco, Inc. (NYSEMKT:TGC) Files An 8-K Other Events
Item 8.01
|
Other Events. |
On January 4, 2017, Tengasco, Inc. issued a press release
announcing the filing of Prospectus containing final terms of the
Rights Offering to shareholders described in Registration
Statement on Form S-1 filed October 17, 2016, as amended and
deemed effective December 30, 2016.
A copy of the press release is attached to this report as Exhibit
99.1.
The information in this Current Report on Form 8-K, including the
information set forth in Exhibit 99.1, is being furnished and
shall not be deemed filed for purposes of Section 18 of the
Securities Exchange Act of 1934, as amended (the Exchange Act),
nor shall it be deemed incorporated by reference in any filing
under the Securities Act of 1933, as amended, or the Exchange
Act, except as shall be expressly set forth by specific reference
in such a filing.
Item 9.01 |
Financial Statements and Exhibits. |
|
(d) |
Exhibits. |
|
Exhibit No. |
Description |
||
|
99.1 |
Press Release dated January 4, 2017 |
About Tengasco, Inc. (NYSEMKT:TGC)
Tengasco, Inc. is engaged in the business of exploration for and production of oil and natural gas. The Company’s area of oil exploration and production is in Kansas. The Company’s subsidiary, Manufactured Methane Corporation (MMC) operates treatment and delivery facilities in Church Hill, Tennessee, for the extraction of methane gas from a landfill for eventual sale as natural gas and for the generation of electricity. The principal markets for the Company’s crude oil are local refining companies. The Company holds a working interest in over 210 gross wells. The Company’s operated properties in Kansas are located in central Kansas and include approximately 180 producing oil wells, approximately 30 shut-in wells and approximately 40 active disposal wells (the Kansas Properties). The Company maintains a working interest in most of its wells and undrilled acreage in Kansas. The terms for most of the Company’s leases in Kansas range from 3 to 5 years. Tengasco, Inc. (NYSEMKT:TGC) Recent Trading Information
Tengasco, Inc. (NYSEMKT:TGC) closed its last trading session down -0.019 at 0.700 with 20,387 shares trading hands.
