Tengasco, Inc. (NYSEMKT:TGC)

CAPS Rating: 5 out of 5

The Company is in the business of exploring for, producing and transporting oil and natural gas in Kansas and Tennessee.

Recs

1
Player Avatar trusky100 (< 20) Submitted: 3/12/2011 10:11:44 PM : Outperform Start Price: $1.04 TGC Score: -109.22

TGC is focused on production growth in their core area in Kansas. They have fifteen wells and ten polymer workovers scheduled so production could increase in a dramatic fashion in 2011.

Member Avatar JenniferGene (< 20) Submitted: 3/8/2012 3:44:47 AM
Recs: 0

TGC just announced they will drill 36 new wells in 2012 financed from current CF and credit line. Also their pruduction broke all-time high of more than 240'000 barrels. This is impressive and bodes very well for the future as this likely is due to technologies now used to pump oil from existing wells

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