Tengasco Announces Review Of Potential Business Combination Alternatives
TENGASCO (TGC)
NASDAQ:AMEX Investor Relations:
tengasco.com/investor-info
Company Research
Source: PR Newswire
GREENWOOD VILLAGE, Colo., Jan. 14, 2020 /PRNewswire/ -- Tengasco, Inc. (NYSE American: TGC) today announced that its Board of Directors has commenced a process to explore potential transactions or combinations in order to maximize shareholder value. These alternatives may include continuing as a standalone public company, going private, acquiring businesses within or outside of the energy industry, and other business combinations. The Board has retained Roth Capital Partners, LLC as its financial advisor in connection with the process of reviewing potential transactions.Tengasco is an oil and gas exploration and production company with conventional oil producing assets primarily located in the Central Kansas Uplift, Kansas. In 2018, the Company sold non-core methane facility assets in Carter Valley, Tennessee to focus on its existing oil properties. Currently Tengasco, has no outstanding bank debt, maintains a positive working capital position, and has a neutral to positive monthly E
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