Each one in plain English, with the numbers worked through for a shareholder.
14 Jan 2020business combination● NeutralMajor
Tengasco announced it had hired a financial advisor and begun reviewing potential business-combination alternatives -- the start of the process that would lead to its 2021 merger with Riley Exploration -- Permian.
26 Jan 2018asset acquisition disposition● NeutralMajor
Tengasco sold its last Tennessee assets -- the methane-recovery facilities at the Carter Valley landfill -- to Tennessee Renewable Group for $2.65 million, completing its exit from Tennessee (following the 2013 sale of its Swan Creek field and pipeline) and leaving its Kansas oil properties as the company's only remaining operations.
Tengasco's auditor Hein & Associates merged into Moss Adams, which took over as the company's independent accounting firm; a routine succession with no disagreements.
Tengasco reported a third-quarter 2017 net loss of $315,000, down from $908,000 a year earlier, on revenue of $1.18 million, which was $63,000 lower than the prior year.
Tengasco (now Riley Exploration Permian) reported third-quarter 2017 revenue of $1.2 million and a net loss of $315 thousand, versus a $908 thousand loss a year earlier. Last year's quarter included a $632 thousand impairment.
Tengasco announced second-quarter 2017 revenue of $1.3 million and a net loss of $178,000, versus a $1.6 million loss a year earlier. Higher oil prices were partly offset by lower sales volumes.
Tengasco (now Riley Exploration Permian) reported second-quarter 2017 revenue of $1.3 million and a net loss of $178 thousand, versus a $1.6 million loss a year earlier. The improvement came mainly from no impairment charge.
Tengasco announced first-quarter 2017 revenue of $1.3 million and a net loss of $213,000, versus a $1.4 million loss a year earlier. It said the 2017 rights offering proceeds had paid off its credit facility.
Tengasco (now Riley Exploration Permian) reported first-quarter 2017 revenue of $1.3 million and a net loss of $213 thousand, versus a $1.4 million loss a year earlier. The improvement came mainly from no impairment charge and higher oil prices.
Dolphin Offshore Partners, L.P, Dolphin Mgmt. Services, Inc, Peter E. Salas reported a Riley Exploration Permian, Inc. shareholding of 5,288,241 shares (49.90% of votes) in a periodic institutional filing.
Tengasco filed an 8-K on November 21, 2016 furnishing press releases on its financial results from the year ended December 31, 2014 through the quarter ended June 30, 2016, including a Q1 2015 net loss of $0.5 million on revenue of about $1.6 million.
Tengasco filed an S-1 for a rights offering giving shareholders rights to buy two shares per share held at $0.66, up to 12,195,446 shares and about $8.05 million in gross proceeds.
ICN Fund I LLC filed a Schedule 13D/A reporting it owned 3,042,119 Tengasco shares, about 5.0% of the common stock, following an event on December 22, 2015.
ICN Fund's tender offer expired October 13, 2015 without enough shares tendered to meet its majority-ownership condition -- the hostile bid failed and Tengasco remained independent.