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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0001016286-02-000024.txt : 20021011
<SEC-HEADER>0001016286-02-000024.hdr.sgml : 20021011
<ACCEPTANCE-DATETIME>20021011094944
ACCESSION NUMBER:		0001016286-02-000024
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20021008
FILED AS OF DATE:		20021011

REPORTING-OWNER:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SALAS PETER E
		CENTRAL INDEX KEY:			0001016286
		RELATIONSHIP:				DIRECTOR

	FILING VALUES:
		FORM TYPE:		4

	BUSINESS ADDRESS:	
		STREET 1:		129 EAST 17TH STREET
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10003
		BUSINESS PHONE:		2129825071

	MAIL ADDRESS:	
		STREET 1:		129 EAST 17TH STREET
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10003

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TENGASCO INC
		CENTRAL INDEX KEY:			0001001614
		STANDARD INDUSTRIAL CLASSIFICATION:	CRUDE PETROLEUM & NATURAL GAS [1311]
		IRS NUMBER:				870267438
		STATE OF INCORPORATION:			TN
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-15555
		FILM NUMBER:		02786982

	BUSINESS ADDRESS:	
		STREET 1:		603 MAIN AVE
		STREET 2:		SUITE 500
		CITY:			KNOXVILLE
		STATE:			TN
		ZIP:			37902
		BUSINESS PHONE:		4235231124

	MAIL ADDRESS:	
		STREET 1:		630 MAIN AVENUE
		STREET 2:		SUITE 500
		CITY:			KNOXVILLE
		STATE:			TN
		ZIP:			37902
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>tgcform4.txt
<TEXT>
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 4

STATEMENT OF CHANGE IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940

________________________________________________________________________________
1.   Name and Address of Reporting Person*

   Salas                              Peter                   E.
- --------------------------------------------------------------------------------
   (Last)                            (First)              (Middle)

   129 East 17th Street
- --------------------------------------------------------------------------------
                                    (Street)

    New York                        NY                   10003
- --------------------------------------------------------------------------------
   (City)                            (State)                (Zip)

________________________________________________________________________________
2.   Date of Event Requiring Statement (Month/Day/Year)

     10/8/2002
________________________________________________________________________________
3.   IRS Identification Number of Reporting Person, if an Entity (Voluntary)


________________________________________________________________________________
4.   Issuer Name and Ticker or Trading Symbol

     TENGASCO INC.  (TGC)
________________________________________________________________________________
5.   Relationship of Reporting Person to Issuer
     (Check all applicable)

     [x]  Director                             [x]  10% Owner
     [ ]  Officer (give title below)           [_]  Other (specify below)

________________________________________________________________________________
6.   If Amendment, Date of Original (Month/Day/Year)


________________________________________________________________________________
7.   Individual or Joint/Group Filing  (Check applicable line)

     [x]  Form Filed by One Reporting Person

     [_]  Form Filed by More than One Reporting Person

================================================================================
             Table I -- Non-Derivative Securities Beneficially Owned
================================================================================

1. Title of Security     2. Amount of Securities        3. Ownership Form:
                                                           Beneficially Owned
                                                           Direct (D) or
                                                           Indirect (I)
- --------------------------------------------------------------------------------
Common Stock                      1,739,720                       I
- --------------------------------------------------------------------------------

================================================================================


*    If the Form is filed by more than one  Reporting  Person,  see  Instruction
     5(b)(v).

Reminder: Report on a separate line for each class of securities beneficially
          owned directly or indirectly.


                                                                          (Over)





FORM 4 (continued)

              Table II -- Derivative Securities Beneficially Owned
         (e.g., puts, calls, warrants, options, convertible securities)

================================================================================
                                                                  4. Ownership
                                                                     Form of
1. Title of             2. Title and Amount of    3.  Conversion     Derivative
   Derivative              Securities Underlying      Price of       Security
   Security                Derivative Security        Derivative     Direct (D)
                                                      Security       or
                               Common Shares                         Indirect(I)
- --------------------------------------------------------------------------------
Common Stock Purchase Warrants       10,500             7.98            I
- --------------------------------------------------------------------------------
Convertible Preferred               105,000             7.98            I
- --------------------------------------------------------------------------------
Convertible Debt                    173,611             2.88            I
- --------------------------------------------------------------------------------
Option* 		            373,900		2.386		I
- --------------------------------------------------------------------------------
*Option exercisable from 4/11/03 to 5/12/03 granted to Industrial Resources
Corporation ("IRC"), sole shareholder and President of which is Malcolm E.
Ratliff, a Director and CEO of the Company.  If the option is not exercised, IRC
may be required by Dolphin to purchase the same number of shares as had been
subject to the option at a price of $2.495 per share.
- --------------------------------------------------------------------------------

================================================================================

Explanation of Responses:

        This form 4 is being filed by Peter E. Salas as General Partner
of Dolphin Offshore Partners, L.P. which purchased the above securities with its
working capital in a series of transactions as outlined in earlier 13D and 13D/A
filings.  This amendment is made to reflect the confirmation of Peter E. Salas
as a Director of Tengasco Inc.



     /s/ Peter E. Salas                                   10/11/2002
- ---------------------------------------------            -----------------------
      *Signature of Reporting Person                      Date


*   Intentional misstatements or omissions of facts constitute Federal Criminal
     Violations.

     See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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