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<SEC-DOCUMENT>0001001614-08-000011.txt : 20080206
<SEC-HEADER>0001001614-08-000011.hdr.sgml : 20080206
<ACCEPTANCE-DATETIME>20080206153528
ACCESSION NUMBER:		0001001614-08-000011
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20080201
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20080206
DATE AS OF CHANGE:		20080206

FILER:

	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:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-15555
		FILM NUMBER:		08581386

	BUSINESS ADDRESS:	
		STREET 1:		10215 TECHNOLOGY DRIVE
		STREET 2:		SUITE 301
		CITY:			KNOXVILLE
		STATE:			TN
		ZIP:			37932
		BUSINESS PHONE:		865-675-1554

	MAIL ADDRESS:	
		STREET 1:		10215 TECHNOLOGY DRIVE
		STREET 2:		SUITE 301
		CITY:			KNOXVILLE
		STATE:			TN
		ZIP:			37932
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>eight_kreservesincrease.htm
<DESCRIPTION>RESERVES INCREASE
<TEXT>
<html>
    <head>
        <title></title>
        <!-- Created by EDGAR Ease Plus (EDGAR Ease+) -->
        <!-- Control Number:                                                                  -->
        <!-- Rev Number:                                                                      -->
        <!-- Client Name:                                                                     -->
        <!-- Project Name:                                                                    -->
        <!-- Firm Name:                                                                       -->
    </head>

    <body text="#000000" vlink="#800000" link="#0000ff" bgcolor="#ffffff">
        <p style="MARGIN-TOP: 0pt; FONT-SIZE: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">
        <b><font style="FONT-SIZE: 14pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; UNITED
        STATES</font></b></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="justify">
        <font style="FONT-SIZE: 14pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font>
        <b><font style="FONT-SIZE: 14pt">SECURITIES and EXCHANGE COMMISSION</font></b></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">
        <b><font style="FONT-SIZE: 14pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WASHINGTON, D.C.
        20549</font></b></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">
        <b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</b> <b><font style="FONT-SIZE: 14pt">FORM
        8-K</font></b></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">
        <b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</b></p>

        <p style="MARGIN-TOP: 0pt; FONT-WEIGHT: bold; FONT-SIZE: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">
        <b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Current Report Pursuant to Section 13 or 15(d) of
        the</b></p>

        <p style="MARGIN-TOP: 0pt; FONT-SIZE: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">
        <b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Securities Exchange Act of 1934</b></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">
        <b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Date of Report (Date of Earliest Event Reported):</b></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">
        <b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</b> <b><u>February 1, 2008</u></b></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Tengasco, Inc.</u><br>
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Exact Name of Registrant as specified in its charter)</p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commission File Number <u>0-20975</u></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">
        <u>Tennessee</u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
        <u>87-0267438</u><br>
        (State or other jurisdiction of (I.R.S. Employer Identification No.)<br>
        incorporation or
        organization)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>

        &nbsp;<br>
        &nbsp;</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>10215 Technology Drive N.W., Suite 301, Knoxville,
        Tennessee 37932</u><br>
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Address of Principal Executive Office</p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(865) 675-1554</u></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Registrant's Telephone number)</p>

        <p></p>

        <p style="MARGIN-TOP: 4.9pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">
        Check the appropriate box below if the Form 8-K filing is intended to simultaneously
        satisfy the filing obligation of the registrant under any of the following provisions (see
        General Instruction A.2. below):<br>
        [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
        230.425)<br>
        [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
        240.14a-12)<br>
        [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17
        CFR 240.14d-2(b))<br>
        [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17
        CFR 240.13e-4(c))<br>
        &nbsp;</p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">
        <b>Item 2.02&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Results of Operations and Financial
        Condition</b></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">
        On February 6, 2008, Tengasco, Inc. (the &ldquo;Company&rdquo; or &ldquo;Tengasco&rdquo;)
        issued a press release announcing its proved oil and gas reserves as of December 31, 2007,
        and that it had completed drilling all ten wells in the drilling program it had entered
        into with Hoactzin Partners, L.P. previously referred to in the Current Report on Form 8-K
        filed by the Company dated September 17, 2007 which is incorporated by reference
        herein.<br>
        &nbsp;<br>
        A copy of the press release is attached as Exhibit 99.1 to this Current Report and is
        incorporated herein by reference.<br>
        &nbsp;</p>

        <p style="MARGIN-TOP: 0pt; FONT-WEIGHT: bold; FONT-SIZE: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">
        <b>Item 8.01&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other Events</b></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; FONT-SIZE: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">
        On February 1, 2008, the Board of Directors of the Company approved an amendment to the
        Tengasco, Inc. Stock Incentive Plan (the &ldquo;Plan&rdquo;) to increase the aggregate
        number of shares of common stock, $.001 par value of the Company as to which options and
        stock appreciation rights may be granted under the Plan from 3,500,000 to 7,000,000 and to
        extend the Plan which is currently scheduled to expire in October 2010 to October 2020.
        These amendments to the Plan will be submitted for approval by the shareholders of the
        Company at the Company&rsquo;s annual meeting of stockholders to be held at the
        Company&rsquo;s offices in Knoxville, Tennessee on June 2, 2008.</p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">
        <b>Item 9.01&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial Statements and Exhibits</b></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.5in; TEXT-INDENT: -36px" align="left">
        (c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exhibits</p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.5in; TEXT-INDENT: -36px" align="left">
        99.1 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Press Release issued by Tengasco on February 6, 2008</p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b>SIGNATURES</b></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities and Exchange
        Act of 1934, the Registrant has duly caused and authorized this report to be signed on its
        behalf by the undersigned.<br>
        &nbsp;<br>
        Dated: February 6, 2008<br>
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tengasco,
        Inc.<br>
        &nbsp;<br>
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;By:
        <u>s/Jeffrey R. Bailey</u></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
        Jeffrey R. Bailey,</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
        Chief Executive Officer</p>
    </body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>finalpressrelease_feb6.htm
<DESCRIPTION>PRESS RELEASE DATED FEB. 6, 2008
<TEXT>
<html>
    <head>
        <title></title>
        <!-- Created by EDGAR Ease Plus (EDGAR Ease+) -->
        <!-- Control Number:                                                                  -->
        <!-- Rev Number:                                                                      -->
        <!-- Client Name:                                                                     -->
        <!-- Project Name:                                                                    -->
        <!-- Firm Name:                                                                       -->
    </head>

    <body text="#000000" vlink="#800000" link="#0000ff" bgcolor="#ffffff">
        <p style="MARGIN-TOP: 0pt; FONT-SIZE: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">
        For Immediate Release<br>
        &nbsp;<br>
        Tengasco Announces Year End 2007 Reserves, Production, Drilling Program Results, and
        Operational Update<br>
        &nbsp;<br>
        Knoxville, Tenn.&nbsp; Tengasco, Inc. &nbsp;(AMEX:TGC) announced today that the
        Company&rsquo;s total proved reserves at December 31, 2007 have more than doubled in value
        from year-end 2006. The reserve report prepared by the independent engineering firm of
        LaRoche Petroleum Consultants, Ltd. of Houston, Texas indicates that the value of the
        Company&rsquo;s total proved oil and gas reserves as of December 31, 2007 calculated at a
        net present value using a 10% discount factor was $53,627,086, up from the 2006 year-end
        total of $26,469,192. The LaRoche reserve report indicates that the value of the oil and
        gas reserves attributable to the Company&rsquo;s ownership interests are as follows:<br>
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>

        <p></p>

        <p></p>

        <table style="MARGIN-LEFT: 0.4in" cellspacing="0" cellpadding="0" width="600" border="0">
            <tr>
                <td style="BORDER-RIGHT: #000000 0.5pt solid; PADDING-RIGHT: 0.07in; BORDER-TOP: #000000 0.5pt solid; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; BORDER-LEFT: #000000 0.5pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: #000000 0.5pt solid" valign="top" width="171">
                &nbsp;</td>

                <td style="BORDER-RIGHT: #000000 0.5pt solid; PADDING-RIGHT: 0.07in; BORDER-TOP: #000000 0.5pt solid; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: #000000 0.5pt solid" valign="top" width="171">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center">
                    2007</p>
                </td>

                <td style="BORDER-RIGHT: #000000 0.5pt solid; PADDING-RIGHT: 0.07in; BORDER-TOP: #000000 0.5pt solid; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: #000000 0.5pt solid" valign="top" width="151">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center">
                    2006</p>
                </td>
            </tr>

            <tr>
                <td style="BORDER-RIGHT: #000000 0.5pt solid; PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; BORDER-LEFT: #000000 0.5pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: #000000 0.5pt solid" valign="top" width="171">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center">
                    Oil, Barrels</p>
                </td>

                <td style="BORDER-RIGHT: #000000 0.5pt solid; PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: #000000 0.5pt solid" valign="top" width="171">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center">
                    2,275,970</p>
                </td>

                <td style="BORDER-RIGHT: #000000 0.5pt solid; PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: #000000 0.5pt solid" valign="top" width="151">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center">
                    1,712,006</p>
                </td>
            </tr>

            <tr>
                <td style="BORDER-RIGHT: #000000 0.5pt solid; PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; BORDER-LEFT: #000000 0.5pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: #000000 0.5pt solid" valign="top" width="171">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center">
                    Gas, MMCF</p>
                </td>

                <td style="BORDER-RIGHT: #000000 0.5pt solid; PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: #000000 0.5pt solid" valign="top" width="171">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center">
                    1,134</p>
                </td>

                <td style="BORDER-RIGHT: #000000 0.5pt solid; PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: #000000 0.5pt solid" valign="top" width="151">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center">
                    1,307</p>
                </td>
            </tr>

            <tr>
                <td style="BORDER-RIGHT: #000000 0.5pt solid; PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; BORDER-LEFT: #000000 0.5pt solid; PADDING-TOP: 0in; BORDER-BOTTOM: #000000 0.5pt solid" valign="top" width="171">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center">
                    10% NPV</p>
                </td>

                <td style="BORDER-RIGHT: #000000 0.5pt solid; PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: #000000 0.5pt solid" valign="top" width="171">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center">
                    $53,627,086</p>
                </td>

                <td style="BORDER-RIGHT: #000000 0.5pt solid; PADDING-RIGHT: 0.07in; BORDER-TOP: medium none; PADDING-LEFT: 0.07in; PADDING-BOTTOM: 0in; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: #000000 0.5pt solid" valign="top" width="151">
                    <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center">
                    $26,469,192</p>
                </td>
            </tr>
        </table>
        <br>
        <br>


        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">
        Tengasco&rsquo;s CEO Jeffrey R. Bailey said: &ldquo;Tengasco&rsquo;s focus on Kansas oil
        production and the results we have achieved from our ongoing operations, workovers, and
        drilling are having a positive impact on the Company&rsquo;s reserve growth. Importantly,
        56% of the increase in reserve growth came from these ongoing operational activities and
        the new PUD (Proved Undeveloped) future drilling locations that we have established as a
        result of these successes. The 2007 LaRoche reserve report includes 39 PUD locations that
        are direct offsets to our existing Kansas production, many of which were located with our
        3D seismic program that has been ongoing for more than two years now. A second factor for
        the increase in reserve growth is the year-end oil prices that were used in calculating the
        reserve value. At year-end 2006, the oil price used to calculate the reserve value was
        $56.50, while the year-end 2007 price was $85.41. These year-end prices are required to be
        used by the SEC guidelines for reserve reporting. While the increase in the price of oil
        was substantial, it only accounted for 44% of the increase in the Company&rsquo;s
        reserves.&rdquo;<br>
        &nbsp;<br>
        Mr. Bailey continued, &ldquo;Gross production for 2007 was 185,188 barrels of oil, down
        slightly from 189,189 barrels in 2006. The slight difference was a result of down time due
        to an ice storm in January 2007. The reserves added in 2007 replaced approximately 400% of
        the Company&rsquo;s 2007 produced volumes.&rdquo;<br>
        &nbsp;<br>
        The Company also announced that it has drilled all ten wells in a drilling program (the
        &ldquo;Program&rdquo;) with Hoactzin Partners, L.P. Of the ten drilled wells, nine were
        completed as oil producers. The Company presently has a 25% interest in the program wells.
        However, the Company&rsquo;s interest will increase to 88.75% when Hoactzin receives net
        revenues in the amount of $5,215,595 (the &ldquo;Payout Point&rdquo;). Based on the
        drilling results and current prices, the program wells are expected to reach the Payout
        Point in approximately four years solely from oil revenues from the wells. However, under
        terms of its agreement with Hoactzin, the Company elected to accelerate achieving the
        Payout Point by applying 75% of the net proceeds of the methane extraction project being
        developed by the Company&rsquo;s wholly owned subsidiary, Manufactured Methane Corporation,
        at the Carter Valley, Tennessee landfill. Those methane project proceeds when applied would
        result in the Payout Point being achieved sooner than the four year period required based
        upon Program well revenues alone.<br>
        &nbsp;<br>
        Hoactzin paid the Company a total of $3,850,000 for the ten wells in the Program. However,
        the Company drilled and completed the ten wells in the Program for approximately $2.7
        million. The money received by the Company from Hoactzin that exceeded the Company&rsquo;s
        actual drilling and completion costs, more than $1 million, was accounted for by an offset
        to oil and gas properties and not through the Company&rsquo;s income statement. The Company
        has used this $1 million, along with Company cash flow, to fund approximately $2.1 million
        of the $3.9 million total project costs associated with the Carter Valley landfill project.
        The two main treatment modules required for the project are near completion and delivery is
        expected in March 2008. Preparations at the landfill site for installation and pipeline
        construction to connect the project to Tengasco&rsquo;s main transportation line are in
        progress. After pipeline completion, installation and testing, commercial operations are
        anticipated to begin in the summer of 2008.<br>
        &nbsp;<br>
        CEO Jeffrey R. Bailey said, &ldquo;Had we not had the opportunity to enter the program with
        Hoactzin, we would not have been able to advance the Manufactured Methane project with our
        own funds as rapidly and to the extent we have. Not only did the drilling program increase
        our reserves and partially fund the methane extraction project, we believe it was a
        favorable way to accomplish these results without either substantial borrowing by the
        Company, or accepting a larger loss of reserves that would have occurred had we entered
        into standard drilling partnerships where larger interests are generally required and are
        permanently conveyed to the participants.&rdquo;<br>
        &nbsp;<br>
        The Company plans the release of its Annual Report on Form 10-K for the year ended December
        31, 2007 together with the Company&rsquo;s audited financial statements for that period in
        March, 2008.<br>
        &nbsp;<br>
        Forward-looking statements made in this release are made pursuant to the safe harbor
        provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned
        that all forward-looking statements involve risk and uncertainties which may cause actual
        results to differ from anticipated results, including risks associated with the timing and
        development of the Company's reserves and projects as well as risks of downturns in
        economic conditions generally, and other risks detailed from time to time in the Company's
        filings with the Securities and Exchange Commission.<br>
        &nbsp;</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">
        <i>Contact:</i></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">
        Tengasco, Inc.</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">
        Jeffrey R. Bailey CEO, 865-675-1554<br>
        &nbsp;</p>
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