13rd Qtr 2012 Results and 10Q Overview

TENGASCO, INC.

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Forward Looking Statements/Additional Information andCautionary Note Regarding Hydrocarbon Disclosure

Except for the historical information contained in this review, the matters discussed in this presentation are forward-looking statements that are based upon current expectations. Important factors that could cause actual results to differ materially from those in the forward-looking statements include risks inherent in drilling activities, the timing, and extent of changes in commodity prices, unforeseen engineering and mechanical or technological difficulties in drilling wells, availability of drilling rigs and other services, land issues, federal and state regulatory developments and other risks more fully described in the Company’s filings with the U.S. Securities and Exchange Commission(SEC).

The SEC requires oil and gas companies, in their filings with the SEC, to disclose proved reserves which are those quantities of oil and gas, which, by analysis of geoscience and engineering data, can be estimated with reasonable certainty to be economically producible—from a given date forward, from known reservoirs, and under existing economic conditions (using unweighted average 12-month first day of the month prices), operating methods, and government regulations, regardless of whether deterministic or probabilistic methods are used for the estimation. We currently do not disclose probable or possible reserves in our filings with the SEC.

In this presentation, the term EUR, or estimated ultimate recovery, refers to the Company's internal estimates of hydrocarbon volumes that may be potentially discovered through drilling or recovered with additional recovery techniques, such as polymers. These estimates do not necessarily represent reserves as defined under SEC rules or the Society of Petroleum Engineer's Petroleum Resource Management System and by their nature and accordingly are more speculative and substantially less certain of recovery and no discount or other adjustment is included in the presentation of such estimates. EUR estimates and drilling locations have not been risked by Company management. Drilling results and quantities that may be ultimately recovered from the Company's interests could differ substantially. Factors affecting ultimate recovery include the success of our ongoing drilling plan, which will be directly affected by the availability of capital, drilling and production costs, commodity prices, availability of drilling services and equipment, drilling results, lease expirations, transportation constraints, regulatory approvals and other factors; and actual drilling results, including geological and mechanical factors affecting recovery rates.

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Quarter Financial Summary ($ ,000)

Quarter Ended Sep 30, 2012 2011

Revenues 5,813 4,357Production Cost and Taxes (1,808) (1,516)DD&A (986) (694)General and Administrative (887) (498) Net Income From Operations 2,132 1,649

Interest Expense (191) (162)Gain (Loss) on Derivatives (35) 420Gain on Sale of Assets 16 20

Income Before Income Tax 1,922 1,927

Income Tax Expense (703) (741) Net Income 1,219 1,186

Net Income Per Share – Basic $ 0.02 $ 0.02Net Income Per Share – Fully Diluted $ 0.02 $ 0.02

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9 Month Financial Summary ($ ,000)

Nine Months Ended Sep 30, 2012 2011

Revenues 16,009 12,804Production Cost and Taxes (5,575) (4,718)DD&A (2,643) (1,932)General and Administrative (2,246) (1,739) Net Income From Operations 5,545 4,415

Interest Expense (585) (471)Gain (Loss) on Derivatives (140) 114Gain on Sale of Assets 83 30

Income Before Income Tax 4,903 4,088

Income Tax Expense (1,724) (1,571) Net Income 3,179 2,517

Net Income Per Share – Basic $ 0.05 $ 0.04Net Income Per Share – Fully Diluted $ 0.05 $ 0.04

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Quarter Revenue Summary ($ ,000)

Quarter Ended Sep 30, 2012 2011

Oil Revenues – Kansas 5,495 4,155Oil Revenues – Swan Creek 123 61 Gas Revenues – Swan Creek 32 29Methane Plant Sales 145 90Other 18 22 Total Revenue (net) 5,813 4,357

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9 Month Revenue Summary ($ ,000)

Nine Months Ended Sep 30,

2012 2011Oil Revenues – Kansas 15,090 12,249Oil Revenues – Swan Creek 248 246Gas Revenues – Swan Creek 86 65Methane Plant Sales 528 180Other 57 64 Total Revenue (net) 16,009 12,804

7Carrying Cost ($ Millions)

At September 30, 2012

Oil & Gas Properties – Net Book Value 25.3 Proved Reserves (@ 12/31/2011) – Undiscounted Before Tax 134.7 Proved Reserves (@ 12/31/2011) – Discounted at 10% Before Tax 69.8

Pipeline – Net Book Value 6.7Methane Facility – Net Book Value 4.5Other PP&E – Net Book Value 0.4

2012 Capital Spending (includes accruals):

Oil & Gas Properties – 7.2 (Drilling–5.7, Polymers–1.1 (0.3 in 2nd qtr), Recompletions & Leasehold-0.4 (0.2 in 2nd qtr))

Methane Facilities - 0.4 (Electric Generator)

Section 1603 Payment (Methane Facilities) – 1.0 (2nd qtr)

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2005 2006 2007 2008 2009 2010 2011 20120

50,000

100,000

150,000

200,000

250,000

Total Oil Production (Gross)

Annual Oil Production 2005 – 2011 & Through October 2012

222,0

00

238,0

00

230,0

00

185,0

00

189,0

00

140,0

00

246,0

00

241,0

00

(O

cto

ber

20

12

)

92012 …thus far

20 wells drilled to date (15 Producers & 5 Dry)◦Only 5 producers from SEC Proved PUD group

This means we drilled 10 producers not included in 2011’s SEC proved reserve total

◦Webster Area focus early Drill, Produce, Polymer, Produce Even More

Evaluating and performing polymers now, 12 polymers completed. (1 in 4th quarter )

2 polymers in 3rd quarter1 polymer thus far in 4th quarter

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2012 Jan Feb March April May June July August Sept Oct Nov Dec Total

Veverka A #4     88 160 93 150 104 1373 1769 1251    4988

McElhaney A #4     1136 1060 970 883 855 820 734 745    7203

Albers #4       115 775 776 785 741 663 614    4469

Veverka C #6       25 137 120 124 114 60 60    640

Harrison A #11       60 62 60 84 93 90 90    539

Zerger A #1         314 86 3592 2299 1245 904    8440

Hilgers B #9         50 45 1115 961 600 480    3251

Ridgway #5         193 241 78 116 105 133    866

Schneller #6         357 188 171 152 134 149    1151

Schoenthaler #5         373 442 350 264 200 194    1823

Harrison A #12           301 364 124 120 120    1029

KU 'A' #3           51 68 65 144 110    438

                           

Some 2012 Kansas Drilling Results

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Looking ahead….

Good Inventory of wells to drill in the future…

Challenging Industry to keep people◦We had our own losses in staff

Oil Price forecast??◦Weak economy?◦Demand?

Hedge ($65) ends at year end

12MMC

2012◦Run both gas and electric since Jan. 25th

◦Total gas produced 33,800 MMBtu though September

◦Total electric over 3.3 million Kwh through September

◦Approximately $639K in gross revenue through September

13Kansas Drilling Rig 2012