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Tengasco Inc. Message Board

  • who_gnu_1235 who_gnu_1235 Oct 18, 2013 5:32 AM Flag

    Brian

    Can you provide a little more insight into Salas and Rugen's comments? Also were any of the issues raised by this thread addressed? TIA

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    • 20000 on the bid at .45. Just starting to wake up.

      Sentiment: Strong Buy

    • Looking at the numbers it looks like TGC is paying off the debt by about 500-750 K per month. Hopefully Hoactzin/TGC relationship will be over by end of year or by January. MMC at least is not a huge drag anymore. And could bring 3.5-5 million or more possibly in the near future. Company has reduced expenses in many areas and will continue to do so. Drilling and polymers have started back and will continue. Revenue declines should end and go the other way. Interest by other parties in TGC. Oil prices are high and could go higher if anything happens in Middle East of significance. What is the downside?

      Sentiment: Strong Buy

    • also i noticed the new drill site mentioned "mississipian(?)" play..is this a first for the company as the 2 previous sites were anadarko plays...? thanks for reply and info .
      God Bless

      • 1 Reply to ltulsa4
      • Itulsa4

        All the Albers wells are mississipian: Albers 1, Albers 3, Albers 4, Albers A1, Albers A2 Albers B1 continue to be good producers. The Albers B2 is a P & A. The Albers scheduled for spud Oct 25 is also mississipian. The "good" vibes might be that it is closest to the best producing Albers which had an initial production of 110 bbls of oil and no water. The "just maybe" news is that is furthest away from any other Albers well at just about a mile. Two of the Offut wells are also mississipian.

        Encouraged that they spend money on seismic and have wells lined up for drilling.

        Let's hope for a cc after the third quarter release

        Hope this helps.

        oubobcat60

 
TGC
1.03+0.13(+14.44%)Jul 28 4:00 PMEDT