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Tengasco Inc. Message Board

oubobcat60 2 posts  |  Last Activity: Nov 6, 2015 12:12 PM Member since: Jan 12, 2008
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  • Reply to


    by jerginsa Oct 29, 2015 6:32 PM
    oubobcat60 oubobcat60 Nov 6, 2015 12:12 PM Flag


    Been away for a while. Have not sold any of my shares since the buyout was launched. There is just too many really worthwhile sites near TGC holdings for them not to take advantage of. Unfortunately TGC management will not tell us who is in charge of oil operations, oil exploration, or analysis of potential purchases. They admit expenses but there are no results. Now, we will have trouble with Salas and TGC in disagreement about TGC services for Salas with his GOM holdings. It appears that what Salas said at the meeting a couple years ago was meant to "hide" his eager willingness to have TGC pay the fine which gives him more cause to milk TGC for whatever he can get. Eventually the SEC HAS TO get involved to force TGC management to give us information about company dealings. That can't come soon enough.

    Perhaps we should start a questions for the Annual meeting tab:

    Did the SEC contact Tengasco at any time during the past five years? What was the nature of that contact? How did Tengasco respond? Why weren't shareholders told? Is there continued contact with the SEC?


  • Don't tell Palomino petroleum that Kansas oil discovery, development and production is weak. Between March 23 and Sept 15 they filed 40 intents to drill. They are exploiting their new Rosemary Field: 23000 BBLS in the first five months in 2015 (that's all that KGS has reported so far). Their latest intent is to drill another well in the Rosemary Field. I bring this up since the Rosemary field is about two miles north of Tengasco's best producing region in Trego County, the Albers lease. By the way Palonimo is well on the way to breaking their production level for last year according to latest productoin figures, new successful wells, and all the intents they have filed.
    In the meantime all Tengaco "administration" does is try to figure out how they can keep quiet all the %^&*()__ going on with Salas and Hoactzin and paying "our" geologists NOT to do anything for or with our exploration and development of oil prospects.


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