Tengasco, Inc. (NYSEMKT:TGC) Files An 8-K Results of Operations and Financial Condition
Item 2.02
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Results of Operations and Financial Condition.
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announcing its financial results for the year ended December 31,
2016.
99.1.
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.
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| (d) |
Exhibits.
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Exhibit
No.
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Description
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99.1
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Press Release dated March 30, 2017 (a)
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| (a) |
The exhibit relating to Item 2.02 is intended to be
furnished to, not filed with, the U.S. Securities and Exchange Commission to General Instruction B.2 of Form 8-K. |
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 -0.030 at 0.390 with 20,853 shares trading hands.
