<SEC-DOCUMENT>0001567619-20-000969.txt : 20200114
<SEC-HEADER>0001567619-20-000969.hdr.sgml : 20200114
<ACCEPTANCE-DATETIME>20200114064513
ACCESSION NUMBER:		0001567619-20-000969
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20200114
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20200114
DATE AS OF CHANGE:		20200114

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:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-15555
		FILM NUMBER:		20524935

	BUSINESS ADDRESS:	
		STREET 1:		8000 E. MAPLEWOOD AVENUE
		STREET 2:		SUITE 130
		CITY:			GREENWOOD VILLAGE
		STATE:			CO
		ZIP:			80111
		BUSINESS PHONE:		720-420-4460

	MAIL ADDRESS:	
		STREET 1:		8000 E. MAPLEWOOD AVENUE
		STREET 2:		SUITE 130
		CITY:			GREENWOOD VILLAGE
		STATE:			CO
		ZIP:			80111
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8k.htm
<DESCRIPTION>8-K
<TEXT>
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    <div>
      <div style="text-align: center; font-size: 14pt; font-weight: bold;">UNITED STATES</div>
      <div style="text-align: center; font-size: 14pt; font-weight: bold;">SECURITIES and EXCHANGE COMMISSION</div>
      <div style="text-align: center; font-size: 12pt; font-weight: bold;">WASHINGTON, D.C. 20549</div>
      <div><br>
      </div>
      <div style="text-align: center; font-size: 18pt; font-weight: bold;">FORM 8-K</div>
      <div style="font-weight: 400;"> <br>
      </div>
      <div style="text-align: center; font-weight: bold;">Current Report Pursuant to Section 13 or 15(d) of the</div>
      <div style="text-align: center; font-weight: bold;">Securities Exchange Act of 1934</div>
      <div style="text-align: center; font-weight: bold;"> <br>
      </div>
      <div style="text-align: center; font-weight: bold;">Date of Report (Date of Earliest Event Reported):</div>
      <div style="text-align: center; font-weight: bold;"> <br>
      </div>
      <div style="text-align: center; font-weight: bold;">January 14, 2020</div>
      <div style="text-align: center; font-weight: bold;"> <br>
      </div>
      <div style="text-align: center; font-size: 24pt;"><u>Tengasco, Inc.</u></div>
      <div style="text-align: center;">(Exact Name of Registrant as specified in its charter)</div>
      <div style="text-align: center;"> <br>
      </div>
      <div style="text-align: center;">Commission File Number 1-15555</div>
      <div style="text-align: center;"> <br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);" id="z0bbdde2c18384a19a63c2eee200c5e15">

          <tr>
            <td style="width: 49%; vertical-align: top;">
              <div style="text-align: center;"><u>Delaware</u></div>
            </td>
            <td style="width: 2%; vertical-align: top;"><br>
            </td>
            <td style="width: 49%; vertical-align: top;">
              <div style="text-align: center;"><u>87-0267438</u></div>
            </td>
          </tr>
          <tr>
            <td style="width: 49%; vertical-align: top;">
              <div style="text-align: center;">(State of incorporation)</div>
            </td>
            <td style="width: 2%; vertical-align: top;"><br>
            </td>
            <td style="width: 49%; vertical-align: top;">
              <div style="text-align: center;">(I.R.S. Employer Identification No.)</div>
            </td>
          </tr>

      </table>
      <div> <br>
      </div>
      <div style="text-align: center;"><u>8000 E. Maplewood Avenue, Suite 130, Greenwood Village CO 80111</u></div>
      <div style="text-align: center;">(Address of Principal Executive Office)</div>
      <div style="text-align: center;"><u>(720)&#160; 420-4460</u></div>
      <div style="text-align: center;">(Registrant's Telephone number)</div>
      <div style="text-align: center;"> <br>
      </div>
      <div>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):</div>
      <div> <br>
      </div>
      <div>
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                <td style="width: 18pt; vertical-align: top;">&#9744;</td>
                <td style="width: auto; vertical-align: top;">
                  <div>Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div>
        <div>
          <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="ze334206d57b54e8293160daf7c14b3fe">

              <tr>
                <td style="width: 18pt; vertical-align: top;">&#9744;</td>
                <td style="width: auto; vertical-align: top;">
                  <div>Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div>
        <div>
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              <tr>
                <td style="width: 18pt; vertical-align: top;">&#9744;</td>
                <td style="width: auto; vertical-align: top;">
                  <div>Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div>
        <div>
          <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z1c363f563a924e3ab6587ae2db4de385">

              <tr>
                <td style="width: 18pt; vertical-align: top;">&#9744;</td>
                <td style="width: auto; vertical-align: top;">
                  <div>Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div>Securities registered pursuant to Section 12(b) of the Act:</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="zf971f549e6b94e87b6fc41bc1f29cc47">

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            <td style="width: 29.82%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center;">Title of each class</div>
            </td>
            <td style="width: 25%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
              <div style="text-align: center;">Trading Symbol(s)</div>
            </td>
            <td style="width: 45%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
              <div style="text-align: center;">Name of each exchange on which registered</div>
            </td>
          </tr>
          <tr>
            <td style="width: 29.82%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
              <div style="text-align: center;">Common Stock</div>
            </td>
            <td style="width: 25%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
              <div style="text-align: center;">TGC</div>
            </td>
            <td style="width: 45%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
              <div style="text-align: center;">NYSE American</div>
            </td>
          </tr>

      </table>
      <div> <br>
      </div>
      <div>Indicate by check mark whether the registrant is an emerging growth company:
        <div><br>
        </div>
      </div>
      <div>Emerging growth company&#160; &#9744;</div>
      <div> <br>
      </div>
      <div>If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange
        Act&#160; &#9744;</div>
      <div> <br>
      </div>
      <div>Indicate the number of shares outstanding of each of the issuer&#8217;s classes of common stock, as of the latest practicable date: <u>10,666,211 common shares at January 13, 2020</u>.</div>
      <div> <br>
      </div>
      <div>
        <hr align="center" style="border: none; border-bottom: 4px solid black; border-top: 1px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;"> </div>
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              <tr>
                <td style="width: 63pt; vertical-align: top; font-weight: bold;">Item 8.01</td>
                <td style="width: auto; vertical-align: top;">
                  <div style="font-weight: bold;">(Other Events).</div>
                </td>
              </tr>

          </table>
          <div> <br>
          </div>
        </div>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">On January 14, 2020 Tengasco, Inc. issued a press release announcing the commencement of a review of potential business combination alternatives and the selection of a financial advisor in
        connection with the process of reviewing potential transactions.</div>
      <div style="text-align: justify; text-indent: 36pt;"> <br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">A copy of the press release is attached to this report as Exhibit 99.1.</div>
      <div style="text-align: justify; text-indent: 36pt;"> <br>
      </div>
      <div style="text-align: justify; text-indent: 36pt;">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 &#8220;filed&#8221; for purposes of Section 18 of the
        Securities Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;), 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.</div>
      <div style="text-align: justify; text-indent: 36pt;"> <br>
      </div>
      <div style="text-align: justify;">
        <div>
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              <tr>
                <td style="width: 63pt; vertical-align: top; font-weight: bold;">Item 9.01</td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div style="font-weight: bold;">Financial Statements and Exhibits.</div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify;">
        <div>
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                <td style="width: 27pt;">&#160;</td>
                <td style="width: 36pt; vertical-align: top;">(d)</td>
                <td style="width: auto; vertical-align: top; text-align: justify;">
                  <div><u>Exhibits</u>.</div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="margin-left: 27pt;">
        <table cellspacing="0" cellpadding="0" border="0" style="border-collapse: collapse; width: 90%; color: #000000; font-family: 'Times New Roman'; font-size: 10pt; text-align: left;" id="zc3e97012b51147fe8f29a5b843cae8f3">

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              <td style="width: 7%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="text-align: center; font-weight: bold;">Exhibit</div>
                <div style="text-align: center; font-weight: bold;">No.</div>
              </td>
              <td style="width: 1.04%; vertical-align: bottom;">&#160;</td>
              <td style="width: 82%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="font-weight: bold;">Description</div>
              </td>
            </tr>
            <tr>
              <td style="width: 7%; vertical-align: top;">
                <div style="text-align: center;"><a href="ex99_1.htm">99.1</a></div>
              </td>
              <td style="width: 1.04%; vertical-align: top;">&#160;</td>
              <td style="width: 82%; vertical-align: top;">
                <div>Press Release dated January 14, 2020</div>
              </td>
            </tr>

        </table>
      </div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">SIGNATURES</div>
      <div style="text-align: center; font-weight: bold;"> <br>
      </div>
      <div style="text-indent: 36pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</div>
      <div style="text-indent: 36pt;"> <br>
      </div>
      <div style="text-indent: 36pt;">Date:&#160; January 14, 2020</div>
      <div style="text-indent: 36pt;"> <br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z3941c858fafb412fbd04aeba49c22355">

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            <td style="width: 50%; vertical-align: top;"><br>
            </td>
            <td colspan="2" style="vertical-align: top;">
              <div>TENGASCO, INC.</div>
            </td>
          </tr>
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            <td style="width: 50%; vertical-align: top;"><br>
            </td>
            <td colspan="2" style="vertical-align: top;"><br>
            </td>
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            <td style="width: 50%; vertical-align: top; padding-bottom: 2px;"><br>
            </td>
            <td style="width: 3%; vertical-align: top; padding-bottom: 2px;">
              <div>By:</div>
            </td>
            <td style="width: 47%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
              <div>s/ Cary V. Sorensen</div>
            </td>
          </tr>

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            <td style="width: 50%; vertical-align: top;"><br>
            </td>
            <td style="width: 5%; vertical-align: top;">
              <div>Name:</div>
            </td>
            <td style="width: 45%; vertical-align: top;">
              <div>Cary V. Sorensen</div>
            </td>
          </tr>
          <tr>
            <td style="width: 50%; vertical-align: top;"><br>
            </td>
            <td style="width: 5%; vertical-align: top;">
              <div>Title:</div>
            </td>
            <td style="width: 45%; vertical-align: top;">
              <div>Vice President</div>
            </td>
          </tr>

      </table>
      <div> <br>
      </div>
      <div> <br>
      </div>
      <div>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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              <div style="font-weight: bold;">Exhibit No. 99.1</div>
            </td>
            <td style="width: 80%; vertical-align: top;">
              <div style="font-weight: bold;">Press Release dated January 14, 2020</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">TENGASCO ANNOUNCES REVIEW OF POTENTIAL BUSINESS COMBINATION ALTERNATIVES</div>
      <div style="text-align: center; font-weight: bold;"> <br>
      </div>
      <div style="text-align: justify;">GREENWOOD VILLAGE, Colorado Jan. 14, 2020 /PR Newswire/ -- Tengasco, Inc. (NYSE American: TGC) today announced that its Board of Directors has commenced a process to
        explore potential transactions or combinations in order to maximize shareholder value. These alternatives may include continuing as a standalone public company, going private, acquiring businesses within or outside of the energy industry, and other
        business combinations. The Board has retained Roth Capital Partners, LLC as its financial advisor in connection with the process of reviewing potential transactions.</div>
      <div style="text-align: justify;"> <br>
      </div>
      <div style="text-align: justify;">Tengasco is an oil and gas exploration and production company with conventional oil producing assets primarily located in the Central Kansas Uplift, Kansas. In 2018,
        the Company sold non-core methane facility assets in Carter Valley, Tennessee to focus on its existing oil properties.&#160; Currently Tengasco, has no outstanding bank debt, maintains a positive working capital position, and has a neutral to positive
        monthly EBITDA.</div>
      <div style="text-align: justify;"> <br>
      </div>
      <div style="text-align: justify;">&#8220;Despite navigating challenging oil markets, Tengasco has carefully maintained its national exchange listing and a clean balance sheet. These characteristics make
        Tengasco a prime candidate for businesses seeking to go public that may not have a traditional IPO route available to them,&#8221; stated Michael J. Rugen, Tengasco&#8217;s Chief Executive Officer. &#8220;While there appear to be larger public vehicles (for example,
        special purpose acquisition companies [SPACs]) with larger transaction thresholds, we continue to believe there is a gap in access for small and medium-sized businesses that have a desire to go public. We believe Tengasco should explore options to
        possibly meet this need.&#8221;</div>
      <div style="text-align: justify;"> <br>
      </div>
      <div style="text-align: justify;">Alexander M. Montano, Managing Director of the Energy Investment Banking Team at Roth Capital Partners said &#8220;Tengasco has set itself apart from its peers by being a
        good steward of capital in a period of highly-levered balance sheets, but most importantly, maintaining its value as a solid, listed, publicly reporting issuer. Tengasco has a platform that should be able to raise institutional capital with the
        right identified acquisition.&#8221;</div>
      <div style="text-align: justify;"> <br>
      </div>
      <div style="text-align: justify;">There can be no assurance that the Company&#8217;s review process will result in any successful transaction or other outcome. The Company does not intend to comment further
        publicly or publicly discuss the review process unless and until its Board of Directors has approved a definitive transaction, or otherwise determined that further disclosure is appropriate or is required by law.</div>
      <div style="text-align: justify;"> <br>
      </div>
      <div style="text-align: justify;">To inquire more about this process please contact Roth Capital Partners at <font style="color: #0000FF;"><u>energy@roth.com</u></font></div>
      <div style="text-align: justify;"><font style="color: #0000FF;"><u> <br>
          </u></font></div>
      <div style="text-align: justify;">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, risks
        of downturns in economic conditions generally, risks associated with the review of business combination alternatives, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.</div>
      <div style="text-align: justify;"> <br>
      </div>
      <div style="text-align: justify;">Contact:</div>
      <div style="text-align: justify;"> <br>
      </div>
      <div style="text-align: justify;">Cary V. Sorensen, V. P., Tengasco, Inc. (720) 420-4460</div>
      <div style="text-align: justify;"> <br>
      </div>
      <div style="text-align: justify;"> <br>
      </div>
      <div style="text-align: justify;">
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