No I am not telling you anything. You wouldn't listen anyway.
I just put up what I found in searching.
I called Tengasco at 1-865-675-1554about fifteen minutes ago and left a message to call me back.
I also called everybody else from the CFO; IT person; Investor Relation; and the Reception with no one there.
I hoping to get a call back so I can answer the Question.
I finally called Hays, Kansas Telephone number and the person answering said the
11121 Kingston Pike Suite E , Knoxville , TN , 37922-2890 , United States is correct.
Address: 10215 Technology Dr., Ste. 301
Knoxville, TN 37932-3379
Try The above:
WOW; you sure are lucky; I lost $2 Trillion playing Flash Market Research.
Then, an idea; I did exactly the opposite of Flash Market Research and made the $2 Trillion back.
1. There isn't any Completion Report on the Beeler #3(2nd Buda) with the Texas RRC
2. The Beeler #4 (3rd Buda) should be Completed by now. (Drilling started 9/19/2013)
3. The Beeler #5 (4th Buda) per Texas RRC; hasn't started drilling.
Sorry; should have looked carefully; this is just an amendment for correction to the Permit.
Message #153 in Investor Village; "PQ" Message Board.
Sorry I used "Lucas" instead of Tengasco.
I been doing a lot of Due Diligence on Lucas Energy(LEI) and the Name
got stuck in replying.
YES I use Idiot, Moron, LIAR, Ignorant.
The posters who got called those names truly deserve them.
Oubobcat , you do Due Diligence unlike the Idiots who I call.
Maybe you can get an accountant friend who can decipher what is stated in the 10Q.
I didn't reply earlier to oubobcat; because I deem it a lost cause since I reply many times before this posting.
Again; I repeat I don't own TGC; I did long time ago.
since Lucas is the Operator. Any Allowance is set for Uncollectible Receivable DUE to Hoactzin and not Lucas.
ED (the Retired Accountant(50 Years)
I don't care what you call me.
: called him to task for his LIE that Hoactzin is paying for bills. Read the 10 K: It clearly says many bills are considerably past due and that Tengasco, after paying these bills for Hoactzin, is now granting an "allowance" to Hoactzin so Hoactzin does not have to re-pay Tengasco."
You don't have to go to the 10K; it is in the latest 10Q; page #14 as required by the SEC.
The problem is you are not an accountant and you don't comprehend what is stated.
"No Tengasco funds have been advanced by Tengasco to pay any obligations of Hoactzin."
Pure and Simple even for you.
Now for the Payable and Receivable on Lucas Balance Sheet:
"As operator of the managed Hoactzin properties, the Company routinely contracted in its name for goods and services with vendors in connection with its operation of the Hoactzin properties. In practice, " Hoactzin directly paid these invoices " for goods and services that were contracted in the Company’s name. Hoactzin currently has significant past due balances to several vendors, a portion of which are included on the Company’s balance sheet. Payables related to these past due vendors as well as ongoing operations remained outstanding at June 30, 2013 and December 31, 2012 in the amounts of $371,000 and $325,000, respectively. The Company has recorded the Hoactzin-related payables and the corresponding receivable from Hoactzin as of June 30, 2013 and December 31, 2012 in its Consolidated Balance Sheets under “Accounts payable – other” and “Accounts receivable – related party”. The amounts recorded in accounts receivable are net of an allowance of $159,000 and $257,000 for June 30, 2013 and December 31, 2012, respectively. "
NOTE: HOACTZIN DIRCTLY PAIDS THESE INVOICES.
AS required by GAAP(Generally Accepted Accounting Principal) Lucas has to show opened(not paid Invoices as Payables since Lucas uses there Purchase Orders. Lucas also has to show any Receivable(actually due to Hoactzin)
"After drilling issues, Goodrich pumping oil in Tuscaloosa Marine Shale
by MBJ Staff
Published: October 10,2013
Tags: Amite County, crude oil, diesel, drilling, energy, frac, fuel, gasoline, Goodrich Petroleum Corporation, natural gas, oil well, petroleum, Tuscaloosa Marine Shale, Wilkinson County
WILKINSON COUNTY — Goodrich Petroleum Corporation of Houston, Texas, has completed its CMR-Foster Creek 20-7H-1 well in the Tuscaloosa Marine Shale in Wilkinson County.
According to the company, the well was successfully drilled with a 6,200 foot lateral and fracture stimulated with 23 stages but encountered completion issues while drilling out the frac plugs with coiled tubing resulting in the loss of a bottom hole assembly and fishing tools in the well. The company replaced the coiled tubing unit with a workover rig in an attempt to remove the downhole tools but fishing operations were un-successful. The well was subsequently placed on production from the approximately 2,100 feet of usable and unobstructed lateral.
The well has reached a 24-hour peak production rate of 527 barrels of oil equivalent (BOE) per day, comprised of 500 barrels of oil and 174 Mcf of gas on a 16/64 inch choke from the 2,100 feet of lateral.
Goodrich Petroleum is currently drilling the lateral of the Huff 18-7H-1 (97% WI) well in Amite County. with plans to go to two rigs later this month.
The company currently has in excess of 300,000 net acres in the Tuscaloosa Marine Shale.
From the September 27th Press Release:
"After reaming and casing the lateral of the Lillibridge 5H, Abraxas’ company-owned drilling rig, the Raven 1, will mobilize to the Jore pad to drill the Jore 1H, Jore 2H, and Jore 4H. Abraxas holds a 76% working interest in the Jore pad"
Yes this is a Bakken Well.
Message #8067 on Investor Village; "AXAS" Message Board