Well, never thought I'd be writing this, MMC was the bright star forTGC. Revenues were up from 274,000 in 2014 to 533,000 in 2015. Muffle your cheers a little as TGC was quick to explain they don't know if customers for what made that revenue increase will be as available in 2016.
Saline Count is not really near major existing TGC oil drillings. However maybe it is being re-discovered. Production in aline was down a modest 8,000 barrels in 2015. Production was down 350,000 barrels in Rooks (TGC main area of concentration) and 40,000 barrels in Rooks where TGC had their best producing wells. But getting rid of the guys who did the surveys to "hire" consultants who could "start" to "analyze" when drilling begins. WE'll see how that works out.
Still a lot of complications with Hoactzin. As I gather (someone please tell me I'm wrong!) Hoactzin will never pay what it owes TGC. Also The Hoactzin review of how TGC is responsible for ??? may end up a liability for TGC. So MacInturff was hired by Salas to non-perform and then Salas could wrangle a settlement from TGC for MacInturff's mis-handling of Salas' properties for which Tengasco was paying and now Salas won't repay? So does TGC then try to sue MacInurff ...or just keep paying Salas whenever he conjures a new "Plan" to involve Tengasco in a venture that Tengasco can't gain and Salas only profits?
Although there are zero permits to drill in Rooks county (TGC's area of concentration) and only three in Trego (TGC best producing area) by ALL companies for the past three months, Merit Energy posted 33 intents in the past 30 days. Their incresse in wells went from 252 in 2014 to 431 in 2015. Production was up two million barrels from 9 to 11 million. So somebody's making money on Kansas oil. Maybe Tengasco can learn.