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        <p style="MARGIN-TOP: 0pt; FONT-SIZE: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center">
        <b><font style="FONT-SIZE: 14pt">UNITED STATES</font></b></p>

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        <font style="FONT-SIZE: 14pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font>
        <b><font style="FONT-SIZE: 14pt">SECURITIES and EXCHANGE COMMISSION</font></b></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center">
        <b><font style="FONT-SIZE: 14pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WASHINGTON, D.C.
        20549</font></b></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center">
        <b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</b> <b><font style="FONT-SIZE: 14pt">FORM
        8-K</font></b></p>

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        <b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</b></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">
        <b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Current Report Pursuant to Section 13 or 15(d) of the<br>
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Securities Exchange Act of 1934</b></p>

        <p></p>

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        <b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Date of Report (Date of Earliest Event Reported):</b></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">
        <b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;July 2, 2008</b></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Tengasco, Inc.</u><br>
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Exact Name of Registrant as specified in its charter)</p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commission File Number 1-15555</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">
        <u>Tennessee</u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
        <u>87-0267438</u><br>
        (State or other jurisdiction of (I.R.S. Employer Identification No.)<br>
        incorporation or
        organization)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>

        &nbsp;<br>
        &nbsp;</p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>10215 Technology Drive N.W., Suite 301, Knoxville,
        Tennessee 37932</u><br>
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Address of Principal Executive Office</p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>(865) 675-1554</u></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Registrant's Telephone number)</p>

        <p></p>

        <p style="MARGIN-TOP: 5pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">
        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):<br>
        [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
        230.425)<br>
        [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
        240.14a-12)<br>
        [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17
        CFR 240.14d-2(b))<br>
        [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17
        CFR 240.13e-4(c))<br>
        &nbsp;<br>
        &nbsp;</p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">
        <b>Item 2.01 Completion of Acquisition or Disposition of Assets<br>
        &nbsp;</b></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">
        On July 2, 2008, the Company closed its agreement with Black Diamond Oil, Inc. to purchase
        from Black Diamond approximately 80 barrels per day of oil producing properties and related
        leases and equipment in Rooks County, Kansas for $5.35 million effective with gas
        production beginning June 1, 2008. The assets purchased by the Company include producing
        oil wells and saltwater disposal wells, equipment, and the underlying working interests in
        leases comprising what is known as the Riffe field that had been owned and operated by
        Black Diamond for many years. The purchase price for these assets was paid for by the
        Company primarily from borrowings in the amount of approximately $5.35 under its credit
        facility with Sovereign Bank and the use of cash flow from operations.</p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">
        <b>Item 9.01 Financial Statements and Exhibits<br>
        &nbsp;</b></p>

        <p style="MARGIN-TOP: 0pt; FONT-SIZE: 10pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px; FONT-FAMILY: 'COURIER NEW'" align="left">
        <font style="FONT-SIZE: 12pt; FONT-FAMILY: 'TIMES NEW ROMAN'">(a) FINANCIAL STATEMENTS OF
        BUSINESSES ACQUIRED<br>
        &nbsp;<br>
         The financial statements required by this Item will be filed by amendment<br>
        not later than 71 calendar days after the date that a Report on Form 8-K announcing the
        closing of the agreement referred to in Item 1.01 was due to be filed.<br>
        &nbsp;<br>
         (b) PRO FORMA FINANCIAL INFORMATION<br>
        &nbsp;<br>
         The financial statements required by this Item will be filed by amendment<br>
        not later than 71 calendar days after the date that a Report on Form 8-K announcing the
        closing of the agreement referred to in Item 1.01 was due to be filed.</font></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; FONT-SIZE: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">
        The following exhibits are filed herewith:<br>
        &nbsp;<br>
        99.1 press release dated July 2, 2008</p>

        <p></p>
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        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b>SIGNATURES</b></p>

        <p></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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.<br>
        &nbsp;<br>
        Dated: July 2,
        2008&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>

        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tengasco,
        Inc.<br>
        &nbsp;<br>
        &nbsp;<br>
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;By:
        <u>s/Jeffrey R. Bailey</u></p>

        <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="left">
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
        Jeffrey R. Bailey,<br>
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
        Chief Executive Officer<br>
        &nbsp;<br>
        &nbsp;<br>
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>
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{"company-data": {"conformed-name": "TENGASCO INC", "cik": "0001001614", "assigned-sic": "1311", "irs-number": "870267438", "state-of-incorporation": "TN", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-15555", "film-number": "08932618"}, "business-address": {"street1": "10215 TECHNOLOGY DRIVE", "street2": "SUITE 301", "city": "KNOXVILLE", "state": "TN", "zip": "37932", "phone": "865-675-1554"}, "mail-address": {"street1": "10215 TECHNOLOGY DRIVE", "street2": "SUITE 301", "city": "KNOXVILLE", "state": "TN", "zip": "37932"}}
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):
July 2, 2008
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):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
        230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
        240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17
        CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17
        CFR 240.13e-4(c))
Item 2.01 Completion of Acquisition or Disposition of Assets
On July 2, 2008, the Company closed its agreement with Black Diamond Oil, Inc. to purchase
        from Black Diamond approximately 80 barrels per day of oil producing properties and related
        leases and equipment in Rooks County, Kansas for $5.35 million effective with gas
        production beginning June 1, 2008. The assets purchased by the Company include producing
        oil wells and saltwater disposal wells, equipment, and the underlying working interests in
        leases comprising what is known as the Riffe field that had been owned and operated by
        Black Diamond for many years. The purchase price for these assets was paid for by the
        Company primarily from borrowings in the amount of approximately $5.35 under its credit
        facility with Sovereign Bank and the use of cash flow from operations.
Item 9.01 Financial Statements and Exhibits
(a) FINANCIAL STATEMENTS OF
        BUSINESSES ACQUIRED
The financial statements required by this Item will be filed by amendment
not later than 71 calendar days after the date that a Report on Form 8-K announcing the
        closing of the agreement referred to in Item 1.01 was due to be filed.
(b) PRO FORMA FINANCIAL INFORMATION
The financial statements required by this Item will be filed by amendment
not later than 71 calendar days after the date that a Report on Form 8-K announcing the
        closing of the agreement referred to in Item 1.01 was due to be filed.
The following exhibits are filed herewith:
99.1 press release dated July 2, 2008
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: July 2,
        2008
Tengasco,
        Inc.
By:
s/Jeffrey R. Bailey
Jeffrey R. Bailey,
Chief Executive Officer