8-K

                                      UNITED STATES

SECURITIES and EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

Current Report Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported):

September 24, 2009

Tengasco, Inc.

(Exact Name of Registrant as specified in its charter)

Commission File Number 1-15555

Tennessee 87-0267438

(State or other jurisdiction of (I.R.S. Employer Identification No.)

incorporation or organization)

10215 Technology Drive N.W., Suite 301, Knoxville, Tennessee 37932

(Address of Principal Executive Office

(865) 675-1554

(Registrant's Telephone number)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 5.02 Departure of Directors or Certain Officers; Election of Directors;

Appointment of Certain Officers; Compensatory Arrangements of

Certain Officers.

On September 24, 2009, Mark A. Ruth resigned as Chief Financial Officer of the Company effective immediately. Mr. Ruth had served the Company in this capacity since 1998.

On September 28, 2009, the Board of Directors appointed Michael J. Rugen as the new Chief Financial Officer of the Company. Mr. Rugen, 49 years old, is a Certified Public Accountant (Texas) and has been involved in the financial aspects of the oil and gas business since 1982. He holds a Bachelor of Science, Business and Accounting from Indiana University. From 1982 through 1998, he served in a variety of accounting and financial capacities at BHP Petroleum in Houston and Denver, culminating in service as Finance Manager of the Producing Asset team with responsibility for the Gulf of Mexico and Bolivian financial operations of this international company. From 1999 to 2007, Mr. Rugen provided financial consulting services with Jefferson Wells International and UHY Advisors in Houston, and from 2007 until joining the Company served as Vice President, Accounting and Finance, of Nighthawk Oilfield Services in Houston.

In connection with Mr. Rugen’s appointment, he was awarded unvested options to purchase 400,000 shares of the Company’s common stock under the Company’s existing stock option plan at a price of $0.50 per share, which was the closing price of the Company’s stock on September 28, 2009. The options will vest twenty percent each year commencing September 28, 2010 and on that date thereafter through 2014. The options will expire September 27, 2015. In accepting the appointment, Mr. Rugen did not enter into any employment agreement or contract with the Company.

Item 8.01 Other Events.

The Company recently resumed its drilling and workover operations on its Kansas properties. It anticipates that it will very shortly complete the Albers #2 drilled as an offset to the Company’s 2008 wildcat discoveries, the Albers #1 and Albers #1-A.  The Albers #1 began production in July 2008 and the Albers #1A began in November 2008 and have produced 12,800 and 9,600 barrels of oil, respectively, to date. The Company also performed a polymer workover on one of our Ververka B lease wells in Kansas which averaged 22 barrels of oil per day prior to the workover and has averaged 66 barrels of oil per day in September after the workout was completed.

Item 9.01 Financial Statements and Exhibits

Exhibits

99.1 press release dated September 30, 2009

SIGNATURES

Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused and authorized this report to be signed on its behalf by the undersigned.

Dated: September 30, 2009

Tengasco, Inc.

By: s/Jeffrey R. Bailey  

Jeffrey R. Bailey,

Chief Executive Officer

EX-99

FOR IMMEDIATE RELEASE

Tengasco Announces Appointment of Michael J. Rugen as Chief Financial Officer

KNOXVILLE, Tenn., September 30, 2009 -- Tengasco, Inc. (NYSE Amex: TGC) announced that on September 28, 2009 the Board of Directors appointed Michael J. Rugen as the Chief Financial Officer of the Company. Mr. Rugen is 49 years old and is a Certified Public Accountant (Texas) and has been involved in the financial aspects of the oil and gas business since 1982. He holds a Bachelor of Science, Business and Accounting from Indiana University. From 1982 through 1998 he served in a variety of accounting and financial capacities at BHP Petroleum in Houston and Denver, culminating in service as Finance Manager of the Producing Asset team with responsibility for the Gulf of Mexico and Bolivian financial operations of this international company. From 1999 to 2007 he provided financial consulting services with Jefferson Wells International and UHY Advisors in Houston, and from 2007 until joining the Company served as Vice President, Accounting and Finance, of Nighthawk Oilfield Services in Houston.

The Company also announced that on September 24, 2009 Mark A. Ruth delivered to the Company his letter of resignation as Chief Financial Officer of the Company effective immediately. Mr. Ruth had served in this capacity since 1998.

The Company also announced that it recently resumed its drilling and workover operations on its Kansas properties. The Company anticipates that in approximately ten days it will complete the Albers #2 well that was drilled as an offset to the Company’s 2008 wildcat discoveries, the Albers #1 and Albers #1-A.  The Albers #1 began production in July 2008 and the Albers #1A began in November 2008 and have produced 12,800 and 9,600 barrels of oil, respectively, to date. The Company also performed a polymer workover on one of its Ververka B lease wells in Kansas which averaged 22 barrels of oil per day prior to the workover and has averaged 66 barrels of oil per day in September after the workover was completed.

Jeffrey R. Bailey, CEO, said “We are very pleased to welcome Mike Rugen to the Company as our new Chief Financial Officer. We believe his many years of financial experience in the oil and gas business will be very beneficial to us as we develop our assets and explore new methods to grow the Company. He adds significant expertise to our management team, with the CEO, two vice presidents, and the CFO of the Company collectively having more than 120 years experience in virtually all aspects of the oil and gas exploration, production, and transportation businesses which they obtained from both small enterprises and major international energy companies.”

Mr. Bailey said “We would like to thank Mark Ruth for his contributions to the Company during his eleven years of service and wish him well in his future endeavors.”

The statements contained in this release that are not purely historical are forward-looking statements within the meaning of applicable securities laws. Forward-looking statements include statements regarding “expectations,” “anticipations,” “intentions,” “beliefs,” or “strategies” regarding the future. Forward-looking statements also include statements regarding revenue, margins, expenses, and earnings analysis for 2009 and thereafter; oil and gas prices; reserve calculation and valuation; exploration activities; development expenditures; costs of regulatory compliance; environmental matters; technological developments; future products or product development; the Company’s products and distribution development strategies; potential acquisitions or strategic alliances; and liquidity and anticipated cash needs and availability. The Company’s actual results could differ materially from the forward-looking statements.

Contact:

Jeffrey R. Bailey, CEO

865-675-1554