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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001001614-09-000031.txt : 20090715
<SEC-HEADER>0001001614-09-000031.hdr.sgml : 20090715
<ACCEPTANCE-DATETIME>20090715151838
ACCESSION NUMBER:		0001001614-09-000031
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20090709
ITEM INFORMATION:		Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20090715
DATE AS OF CHANGE:		20090715

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:		09945890

	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>july15_8k.htm
<DESCRIPTION>BANK REVEIW
<TEXT>
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        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; FONT-SIZE: 12pt" align="left"><b><font style="FONT-SIZE: 14pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; UNITED STATES</font></b></p>

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

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Current Report Pursuant to Section 13 or 15(d) of the<br>
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Securities Exchange Act of 1934</b></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" 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; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</b> <b><u>July 9, 2009</u></b></p>

        <p></p>

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

        <p></p>

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

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

        <p></p>

        <p style="MARGIN-TOP: 5pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" 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;<br>
        &nbsp;</p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><b>Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off- Balance Sheet Arrangement of a Registrant</b></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>
        On July 9, 2009, the Company&rsquo;s borrowing base under its revolving senior credit facility with Sovereign Bank of Dallas, Texas was increased from $10.25 million to $11.0 million after the Bank&rsquo;s semiannual review of the Company&rsquo;s currently owned producing properties. The $11.0 million borrowing base is subject to a monthly available-credit reduction of $150,000 per month beginning August 5, 2009 so by the time of the Bank&rsquo;s next regular borrowing base review in
        six months, the borrowing base will again be $10.25 million. The Company&rsquo;s outstanding borrowing under the Sovereign Bank credit facility is $9.9 million. &nbsp;<br>
        &nbsp;<br>
        &nbsp;</p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: -72px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 1in" align="left"><b>Item 9.01&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial Statements and Exhibits</b></p>

        <p></p>

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

        <p></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: -36px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.5in" align="left">99.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Press Release dated July 15, 2009</p>

        <p></p>

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

        <p></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" 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: July 15, 2009<br>
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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;Tengasco, Inc.<br>
        &nbsp;<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; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" 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,<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; Chief Executive Officer<br>
        &nbsp;<br>
        &nbsp;<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;</p>

        <p></p>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>pressreleasejuly15.htm
<DESCRIPTION>PRESS RELEASE DATED JULY 15, 2009
<TEXT>
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        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; FONT-SIZE: 12pt" align="left"><b>For immediate release<br>
        &nbsp;</b></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 36px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><b>July 15, 2009</b></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><b>Tengasco, Inc. Announces Increase of Borrowing Base under Revolving Credit Facility with Sovereign Bank</b></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left">Knoxville, Tenn. Tengasco, Inc. (NYSE Amex: TGC) announced that on July 9, 2009 the Company&rsquo;s borrowing base was increased from $10.25 million to $11.0 million under the revolving senior credit facility between the Company and Sovereign Bank of Dallas, Texas.<br>
        &nbsp;</p>

        <p style="MARGIN-TOP: 0pt; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left">The Company&rsquo;s borrowing base was increased on the completion of the regular semiannual borrowing base review by Sovereign Bank. The $11.0 million borrowing base is subject to a monthly available-credit reduction (MCR) of $150,000 per month beginning August 5, 2009, so that by the time of the next regular borrowing base review in six months, the borrowing base will again be $10.25
        million. The Company&rsquo;s outstanding borrowing under the credit facility is $9.9 million. &nbsp;<br>
        <br>
        CEO Jeffrey R. Bailey said, &ldquo;We are pleased to announce the increase in the Company&rsquo;s borrowing base. Although the increase in the borrowing base is in the relatively modest amount of $750,000, it has come at a time when many oil and gas companies are encountering dramatic reductions in their borrowing bases due to the oil and gas commodity markets and the current economy. We believe this increase demonstrates the value of our strategy to carefully borrow funds and to avoid
        over leveraging for growth. However, the Company has not been immune to the difficult economic climate, particularly in the form of low crude oil prices, which remain at about 40% of the levels attained in the summer of 2008. We have reduced many capital and drilling plans to take account of our current cash flows. And while we are encouraged by some recovery in oil prices since the beginning of 2009, we are still being forced to reduce capital expenditures needed to expand or maintain
        some of our producing properties. We intend to continue to make the best possible use of our assets until commodity prices improve, and are focusing on our Kansas properties.&rdquo;<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; TEXT-INDENT: 0px; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in" align="left"><b>Contact: Jeffrey R. Bailey CEO</b><b>,</b> <b>865-</b><b>6</b><b>75-1554</b></p>
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