OTCReporter Featured Company: Tengasco, Inc (TGC) Expanding Company's Resources and Reports 2007 Revenues
Tengasco, Inc. (TGC) engages in the acquisition, exploration, and development of oil and natural gas throughout North America. Currently, the company has operations in Kansas and Tennessee. The company proved reserves of 2,145,190 barrels of oil and 1,786,742 MCF of gas at the end of 2006. Headquarters are located in Knoxville, TN. The company reported their total proved reserves for the year of 2007, which turned out to be more than double that of 2006. The 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…