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

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

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

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Current Report
Pursuant to Section 13 or 15(d) of theSecurities <BR>Exchange Act of 1934 </FONT></H1>

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<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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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>October 20, 2003 </FONT></H1>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>Tengasco, Inc.
<BR>(Exact Name of Registrant as specified in its charter) </U></FONT></P>

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
















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     <TD align=left><u>Tennessee</u><br>(State or other jurisdiction of<br>incorporation or organization)<FONT SIZE="2"></FONT></TD>
     <TD align=right><u>87-0267438</u><br>(I.R.S. Employer<br>Identification No.)<FONT SIZE="2"></FONT></TD></TR>
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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<br>(Address of Principal
Executive Office) </U></FONT></P>


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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><u>(865)&nbsp;&nbsp;523-1124</u><br>(Registrant&#146;s Telephone number)</FONT></P>



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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 5. OTHER EVENTS </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>KNOXVILLE, Tenn., October 20, 2003
&#151; Tengasco, Inc. (Amex:&nbsp;TGC) announced today that on October 17, 2003, it filed a registration
statement with the Securities and Exchange Commission with respect to a proposed rights
offering to existing shareholders as of the record date, which has not been determined.
The rights offering will provide that the holders of the Company&#146;s approximately 12
million outstanding shares of common stock may purchase two shares of common stock for
each share held. The offer includes an over-subscription privilege whereby participating
shareholders may purchase shares that were offered but not purchased by other
shareholders. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The rights offering is being made in
order to reduce debt and increase shareholder equity. The proceeds from the offering will
be used to reduce the Company&#146;s non-bank indebtedness, to reduce the Company&#146;s
indebtedness to its bank lender, and/or for working capital purposes. The subscription
price, record date, offering period, issuance date and other details of the proposed
offering have not yet been determined, although the Company anticipates that the offering
will commence within 60-90 days. When the Securities and Exchange Commission declares the
registration statement effective, the prospectus and related documents will be mailed to
shareholders of record and will also be made available, as applicable, for distribution to
beneficial owners of the Company&#146;s common stock. None of the Company, its board of
directors or any committee of its board of directors is making any recommendation to
shareholders as to whether to exercise their subscription rights. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>This filing is for informational
purposes only and is not an offer to purchase or a solicitation of an offer to sell shares
of common stock. Shareholders should carefully read the prospectus and related materials
when they are available because they contain important information. Shareholders may
obtain a free copy (when available) of the prospectus and other documents relating to the
offer at the Securities and Exchange Commission&#146;s web site as <U>www.sec.gov</U>. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The statements contained in this
filing that are not purely historical are forward-looking statements within the meaning of
applicable securities laws. Forward-looking statements include statements regarding our
&#147;expectations,&#148; &#147;anticipations,&#148; &#147;intentions,&#148;
&#147;beliefs,&#148; or &#147;strategies&#148; regarding the future. Forward-looking
statements also include statements regarding revenue, margins, expenses, and earnings
analysis for 2003 and thereafter; our going concern qualification; 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; our products and distribution development strategies;
potential acquisitions or strategic alliances; and liquidity and anticipated cash needs
and availability. The Company&#146;s actual results could differ materially from the
forward-looking statements. </FONT></P>


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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>2 </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: October 20, 2003 </FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Tengasco, Inc.&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;    </FONT></P>


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     <TD align=right width=60%>&nbsp;By:&nbsp;&nbsp;<u>/s/&nbsp;RICHARD T. WILLIAMS</u><br>Richard T. Williams&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>Chief Executive Officer&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>3</FONT></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": "03947104"}, "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"}}
SECURITIES and
EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of theSecurities
Exchange Act of 1934
Date of Report (Date
of Earliest Event Reported):
October 20, 2003
Tengasco, Inc.
(Exact Name of Registrant as specified in its charter)
Commission File Number
0-20975
Tennessee
(State or other jurisdiction of
incorporation or organization)
87-0267438
(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)
Item 5. OTHER EVENTS
KNOXVILLE, Tenn., October 20, 2003
— Tengasco, Inc. (Amex: TGC) announced today that on October 17, 2003, it filed a registration
statement with the Securities and Exchange Commission with respect to a proposed rights
offering to existing shareholders as of the record date, which has not been determined.
The rights offering will provide that the holders of the Company's approximately 12
million outstanding shares of common stock may purchase two shares of common stock for
each share held. The offer includes an over-subscription privilege whereby participating
shareholders may purchase shares that were offered but not purchased by other
shareholders.
The rights offering is being made in
order to reduce debt and increase shareholder equity. The proceeds from the offering will
be used to reduce the Company's non-bank indebtedness, to reduce the Company's
indebtedness to its bank lender, and/or for working capital purposes. The subscription
price, record date, offering period, issuance date and other details of the proposed
offering have not yet been determined, although the Company anticipates that the offering
will commence within 60-90 days. When the Securities and Exchange Commission declares the
registration statement effective, the prospectus and related documents will be mailed to
shareholders of record and will also be made available, as applicable, for distribution to
beneficial owners of the Company's common stock. None of the Company, its board of
directors or any committee of its board of directors is making any recommendation to
shareholders as to whether to exercise their subscription rights.
This filing is for informational
purposes only and is not an offer to purchase or a solicitation of an offer to sell shares
of common stock. Shareholders should carefully read the prospectus and related materials
when they are available because they contain important information. Shareholders may
obtain a free copy (when available) of the prospectus and other documents relating to the
offer at the Securities and Exchange Commission's web site as
www.sec.gov
.
The statements contained in this
filing that are not purely historical are forward-looking statements within the meaning of
applicable securities laws. Forward-looking statements include statements regarding our
"expectations," "anticipations," "intentions,"
"beliefs," or "strategies" regarding the future. Forward-looking
statements also include statements regarding revenue, margins, expenses, and earnings
analysis for 2003 and thereafter; our going concern qualification; 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; our 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.
2
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: October 20, 2003
Tengasco, Inc.
By:
/s/ RICHARD T. WILLIAMS
Richard T. Williams
Chief Executive Officer
3