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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>UNITED STATES </FONT></H1>

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<A NAME=A003></A>
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>SECURITIES and
EXCHANGE COMMISSION </FONT></H1>

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<A NAME=A004></A>
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>WASHINGTON, D.C. 20549 </FONT></H1>

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<A NAME=A005></A>
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>FORM 8-K </FONT></H1>

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<A NAME=A006></A>
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Current Report Pursuant
to Section 13 or 15(d) of the </FONT></H1>

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<A NAME=A007></A>
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Securities Exchange
Act of 1934 </FONT></H1>

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<A NAME=A008></A>
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Date of Report (Date
of Earliest Event Reported): </FONT></H1>

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<A NAME=A009></A>
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>May 31, 2005 </FONT></H1>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3><U><b>Tengasco, Inc.</b> </U></FONT></P>

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<A NAME=A011></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(Exact Name of
Registrant as specified in its charter) </FONT></P>

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<A NAME=A012></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Commission File Number
0-20975 </FONT></P>








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     <TD><u>Tennessee</u></TD>
     <TD>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>87-0267438</u></TD></TR>

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     <TD></TD>
     <TD>(State or other jurisdiction<br> of incorporation or organization)  </TD>
     <TD>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(I.R.S. Employer Identification No.)</TD></TR>
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<P ALIGN=center><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;
</FONT></P>





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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>603 Main Avenue,
Suite 500, Knoxville, Tennessee 37902 </U></FONT></P>

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<A NAME=A015></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(Address of Principal
Executive Office </FONT></P>

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<A NAME=A016></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>(865) 523-1124 </U></FONT></P>

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<A NAME=A017></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(Registrant&#146;s
Telephone number) </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>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):</FONT></P>


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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2> [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </FONT></P>
 <!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2> [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </FONT></P>


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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2> [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR </FONT></P>
240.14d-2(b))
<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>  [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c)) </FONT></P> <br><br>





<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
<B>Item 4.01</B> <B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Changes in Registrant&#146;s
Certifying Accountant.</B> </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;<B>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          Previous Independent Auditors</B> </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          Pursuant to its review of outside audit requirements, the Audit Committee of the
          Board of Directors of the Company requested proposals for its independent
          auditor services. Pursuant to the award of services to another firm, the Company
          dismissed BDO Seidman LLP (&#147;BDO&#148;) as its independent accountant on May
          31, 2005. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;<B>(</B>ii)<B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          </B>BDO&#146;s audit reports on the financial statements for the years ended
          December 31, 2003 and 2004 were qualified for an uncertainty as to the
          Company&#146;s ability to continue as a going concern. BDO&#146;s audit reports
          for those periods contained no adverse opinion or disclaimer of opinion and were
          not qualified or modified as to audit scope or accounting principles. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          During the two most recent fiscal years ended December 31, 2003 and 2004 and the
          subsequent interim period through May 31, 2005, there were no disagreements with
          BDO on any matter of accounting principle or practice, financial statement
          disclosure, or auditing scope or procedure which, if not resolved to BDO&#146;s
          satisfaction, would have caused them to make reference to the subject matter of
          the disagreement in connection with their reports. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          None of the reportable events set forth in Item 304(a)(1)(v) of Regulation S-K
          occurred within the years ended December 31, 2003 and 2004 or within the period
          from January 1, 2005 through May 31, 2005 except, that on November 12, 2004, BDO
          advised management and the Audit Committee that it believed a material weakness
          existed in the Company&#146;s internal controls over financial reporting. The
          Company disclosed this material weakness in the Company&#146;s Quarterly Report
          on Form 10-Q for the quarter ending September 30, 2004 and in its Annual Report
          on Form 10-K for the year ended December 31, 2004. The Company reported that its
          disclosure controls and procedures were not effective to ensure that material
          information was recorded, processed, summarized and reported by management of
          the Company on a timely basis in order to comply with the Company&#146;s
          disclosure obligations under the Securities Exchange Act of 1934, and the rules
          and regulations thereunder as to one particular matter. That matter involved an
          error in the calculation of the estimated fair value of the Company&#146;s
          mandatory preferred stock for presentation in accordance with Statement of
          Financial Accounting Standard No. 150 &#147;Accounting for Certain Financial
          Instruments with Characteristics of both Liabilities and Equity.&#148;
          Management noted that the matter (i) related principally to the implementation
          of complex and new calculations under a newly implemented accounting standard,
          and (ii) that the error described did not result from the failure of the
          Company&#146;s disclosure controls and procedures to make known to the
          appropriate officials and auditors the facts concerning the Company&#146;s
          convertible preferred stock. Management after consulting with BDO determined
          that this could be remedied by continuing education and professional development
          of accounting staff on new accounting pronouncements and this would be
          sufficient to prevent any similar reoccurrence. The Company is continuing to
          provide necessary and appropriate educational and professional development and
          such efforts have remediated the material weakness described herein. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          The Audit Committee of the Board of Directors participated in and approved the
          decision to change accountants. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          The Company has provided BDO with a copy of the foregoing statements and
          requested that BDO furnish it with a letter addressed to the Securities and
          Exchange Commission stating whether or not it agrees with such statements. A
          copy of such letter dated June , 2005 is filed as Exhibit 16.1 to this Form 8-K. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          New Independent Accountants </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company engaged Rodefer Moss &amp; Co, PLLC (&#147;Rodifer Moss&#148;) of Knoxville,
Tennessee as its new independent auditors as of May 31, 2005. Prior to such date, the
Company did not consult with Rodefer Moss regarding (i) the application of accounting
principles to a specified transaction, either completed or proposed; (ii) the type of
audit opinion that might be rendered by Rodefer Moss on the Company&#146;s financial
statements; or (iii) any other matter that was the subject of a disagreement between the
Company and its former auditors as described in Item 304(a)(1)(iv) of Regulation S-K or a
reportable event as that term is defined in Item 304(a)(1)(v). </FONT></P>
<br><br>

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<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 9.01 Financial
Statements and Exhibits </FONT></H1>

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<A NAME=A019></A>
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  Exhibits </FONT></P>





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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
16.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;      Letter from BDO Seidman LLP dated June 3, 2005</FONT></P>

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<A NAME=A020></A>
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>99.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  Press Release dated
June 6, 2005 </FONT></P>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>SIGNATURES </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&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. </FONT></P>

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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Dated: June 6, 2005 </FONT></P>

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<A NAME=A023></A>
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tengasco,
Inc.</FONT></P>






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     <TD> By:<u> s/Jeffrey R. Bailey </u> <br>Jeffrey R. Bailey,<br>President</TD>
     <TD></TD></TR>
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     <TD></TD></TR>
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     <TD></TD></TR>
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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": "05880452"}, "business-address": {"street1": "603 MAIN AVE", "street2": "SUITE 500", "city": "KNOXVILLE", "state": "TN", "zip": "37902", "phone": "4235231124"}, "mail-address": {"street1": "630 MAIN AVENUE", "street2": "SUITE 500", "city": "KNOXVILLE", "state": "TN", "zip": "37902"}}
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):
May 31, 2005
Tengasco, Inc.
(Exact Name of
Registrant as specified in its charter)
Commission File Number
0-20975
Tennessee
87-0267438
(State or other jurisdiction
of incorporation or organization)
(I.R.S. Employer Identification No.)
603 Main Avenue,
Suite 500, Knoxville, Tennessee 37902
(Address of Principal
Executive Office
(865) 523-1124
(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 4.01
Changes in Registrant's
Certifying Accountant.
(a)       
          Previous Independent Auditors
(i)       
          Pursuant to its review of outside audit requirements, the Audit Committee of the
          Board of Directors of the Company requested proposals for its independent
          auditor services. Pursuant to the award of services to another firm, the Company
          dismissed BDO Seidman LLP ("BDO") as its independent accountant on May
          31, 2005.
(
ii)
BDO's audit reports on the financial statements for the years ended
          December 31, 2003 and 2004 were qualified for an uncertainty as to the
          Company's ability to continue as a going concern. BDO's audit reports
          for those periods contained no adverse opinion or disclaimer of opinion and were
          not qualified or modified as to audit scope or accounting principles.
(iii)       
          During the two most recent fiscal years ended December 31, 2003 and 2004 and the
          subsequent interim period through May 31, 2005, there were no disagreements with
          BDO on any matter of accounting principle or practice, financial statement
          disclosure, or auditing scope or procedure which, if not resolved to BDO's
          satisfaction, would have caused them to make reference to the subject matter of
          the disagreement in connection with their reports.
(iv)       
          None of the reportable events set forth in Item 304(a)(1)(v) of Regulation S-K
          occurred within the years ended December 31, 2003 and 2004 or within the period
          from January 1, 2005 through May 31, 2005 except, that on November 12, 2004, BDO
          advised management and the Audit Committee that it believed a material weakness
          existed in the Company's internal controls over financial reporting. The
          Company disclosed this material weakness in the Company's Quarterly Report
          on Form 10-Q for the quarter ending September 30, 2004 and in its Annual Report
          on Form 10-K for the year ended December 31, 2004. The Company reported that its
          disclosure controls and procedures were not effective to ensure that material
          information was recorded, processed, summarized and reported by management of
          the Company on a timely basis in order to comply with the Company's
          disclosure obligations under the Securities Exchange Act of 1934, and the rules
          and regulations thereunder as to one particular matter. That matter involved an
          error in the calculation of the estimated fair value of the Company's
          mandatory preferred stock for presentation in accordance with Statement of
          Financial Accounting Standard No. 150 "Accounting for Certain Financial
          Instruments with Characteristics of both Liabilities and Equity."
          Management noted that the matter (i) related principally to the implementation
          of complex and new calculations under a newly implemented accounting standard,
          and (ii) that the error described did not result from the failure of the
          Company's disclosure controls and procedures to make known to the
          appropriate officials and auditors the facts concerning the Company's
          convertible preferred stock. Management after consulting with BDO determined
          that this could be remedied by continuing education and professional development
          of accounting staff on new accounting pronouncements and this would be
          sufficient to prevent any similar reoccurrence. The Company is continuing to
          provide necessary and appropriate educational and professional development and
          such efforts have remediated the material weakness described herein.
(v)       
          The Audit Committee of the Board of Directors participated in and approved the
          decision to change accountants.
(vi)       
          The Company has provided BDO with a copy of the foregoing statements and
          requested that BDO furnish it with a letter addressed to the Securities and
          Exchange Commission stating whether or not it agrees with such statements. A
          copy of such letter dated June , 2005 is filed as Exhibit 16.1 to this Form 8-K.
(b)       
          New Independent Accountants
The
Company engaged Rodefer Moss & Co, PLLC ("Rodifer Moss") of Knoxville,
Tennessee as its new independent auditors as of May 31, 2005. Prior to such date, the
Company did not consult with Rodefer Moss regarding (i) the application of accounting
principles to a specified transaction, either completed or proposed; (ii) the type of
audit opinion that might be rendered by Rodefer Moss on the Company's financial
statements; or (iii) any other matter that was the subject of a disagreement between the
Company and its former auditors as described in Item 304(a)(1)(iv) of Regulation S-K or a
reportable event as that term is defined in Item 304(a)(1)(v).
Item 9.01 Financial
Statements and Exhibits
(c)           Exhibits
16.1             Letter from BDO Seidman LLP dated June 3, 2005
99.1         Press Release dated
June 6, 2005
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: June 6, 2005
Tengasco,
Inc.
By:
s/Jeffrey R. Bailey
Jeffrey R. Bailey,
President