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TGC (AMEX) low 0,25 target 2,5 LONG last week 0,43 oggi 0,43

siamo sopra i 90 , pronti per lo strappo sopra 1?
 
Volumi...
 
pronti al brekout, tgc puo arrivare anche fino a 2,5-3 in overshoot
 
in pre sembra sia scambiato a 1$, gia solo veder il $ fa ben sperare :)
 
1,1 pronti a raggiunger il primo dei target a 1,25-1,3 ma come direbbe harloc è troppo poco, non basta...;)
 
ha cassa, ha cassa....nel senso che la produce, ovviamente....:D
 
patrick37 ha scritto:
ha cassa, ha cassa....nel senso che la produce, ovviamente....:D
Clicca per espandere...

Avra cassa a sufficienza quando sara arrivato a 3$ anche se Harloc non sarebbe d'accordo perche sostiene che è regalato a quel prezzo e che il suo fair value è almeno 10$ :D
 
ottime news in arrivo!

KNOXVILLE, Tenn., Feb. 22, 2012 /PRNewswire/ -- Tengasco, Inc. (NYSE Amex: TGC) announced results of its drilling operations for the year ended December 31, 2011. The Company announced that as a result of its drilling 26 wells in 2011, with 16 completed as producers and 10 dry holes, and polymer activities primarily in Kansas, the Company at December 31, 2011 had increased the Company's proved oil reserves to 2.6 million barrels of oil net to the Company's interest. The Company also announced that during 2011 it had achieved a record gross production volume of 246,000 gross barrels of oil. This resulted in the Company's ratio of reserve replacement in 2011 being 137% of the oil the Company actually produced in 2011.
The Company will report financial results for 2011 by filing its Form 10-K for the year ended December 31, 2011. The Company intends to file its Form 10-K for 2011 and to simultaneously issue an earnings press release, on or before March 30, 2012.
In early 2012, the Company purchased an inventory of casing, tubing, and pump jacks for $1.7 million to be used in the first 20 wells of a program to drill 36 or more wells as quickly as practical in 2012. The wells will be drilled primarily from the Company's cash flow and some use of the borrowing base, and will not involve any third party drilling partners. The Company has contracted for a drilling rig to be used exclusively drilling for the Company throughout the year, with an option to add additional rigs. Plans primarily include oil well drilling in Kansas, but also include several wells in Tennessee. Since the start of 2012, the Company has drilled and completed in Kansas as producers the first three wells and begun the fourth well in this program. The Company anticipates it can secure a second rig soon to increase the pace of our 2012 capital plan.
The Company announced that on January 25, 2012, the Company's wholly-owned subsidiary, Manufactured Methane Corporation ("MMC"), commenced sales of electricity generated at the Carter Valley site of its methane extraction facilities. The electricity generated is sold under contract between MMC, Holston Electric Cooperative, Inc., the local distributor, and Tennessee Valley Authority through TVA's Generation Partners program. This will offset MMC's electrical costs and provide a second revenue stream from the methane facilities. Methane gas sales will continue simultaneously with electric generation. The electric generation also reduces oxygen input to the methane plant, which along with improvements to the collection system in the field have together resulted in consistently high levels in-service time since January 25. Although a portion of the gas used for generation of electricity will not be available for methane extraction, the use of the gas for electricity is equivalent to sale of the methane for almost $15 per MMBtu, more than double the price currently received for methane sales and six times the current natural gas spot market price.
Jeffrey R. Bailey, CEO said: "We have set an all-time annual company production record during the year 2011, eclipsing our 2008 total of about 238,000 barrels of gross production with about 246,000 barrels in 2011. This is notable since we did not set any daily, weekly, monthly, or quarterly production record in 2011; all those records were reached during 2008. Our oil production has resulted in a reserve replacement percentage of 137% as we are growing the reserves additions faster than production declines simply from generic drilling. Our drilling has been paid for mostly from cash flow due to currently higher oil prices and we have increased the reserves without the benefit of additions by acquisition. It is very encouraging that the Company can add reserve growth of more than 100% and now follow up with an ambitious 2012 drilling budget. Since we did no drilling in 2009, and were limited by cash availability during the first half of 2010, these record 2011 drilling results represent a comeback of which we are very proud. We plan to supplement this success with a more aggressive drilling program in 2012, beginning with a 36 well program primarily on our existing properties in Kansas to be drilled as quickly as conditions permit, with price-driven capital caution. All of these wells will be Company owned wells, with no drilling partners. This should result in maximizing the value of the Company particularly in view of the currently high commodity prices for oil which continue to support high values of producing assets, to the benefit of our shareholders. And I believe these favorable operational results will be reflected in our financial results that we will be reporting in our annual report on Form 10-K."
 
volumi sia ieri (verde) che oggi (rosso) ...
 
pram ha scritto:
volumi sia ieri (verde) che oggi (rosso) ...
Clicca per espandere...

tgc è in trend lateral ascendente, si divertono ad accumulare testando supportini e resistenze ma alla fine del gioco credo che il titolo esplodera al rialzo
 
KNOXVILLE, Tenn., March 29, 2012 /PRNewswire/ -- Tengasco, Inc. (NYSE Amex: TGC) announced today that it has filed with the Securities and Exchange Commission its Annual Report on Form 10-K for the year ended December 31, 2011.
The Company reported a net income to holders of common stock of $4.7 million or $0.08 per share in 2011, compared to a net loss to holders of common stock of $(1.7) million or $(0.03) per share in 2010. Net income in 2011 includes the effect of an adjustment for reduced deferred income tax expense in the amount of $1.7 million or $0.03 per share, resulting from the removal of a valuation allowance related to the deferred tax asset balance. This reduction in deferred income tax expense was based on the expectation that the Company will be able to fully utilize its previously incurred net operating losses to reduce tax liability on future net taxable income. Had this valuation allowance not been removed, the Company would have recorded net income of $2.9 million or $0.05 per share.
The Company realized revenues of $17.1 million in 2011 compared to $13.2 million in 2010. Revenues increased $3.9 million from 2010 primarily due to an increase in oil prices and production gains from polymers and drilling in Kansas as prices averaged $88.15 in 2011 compared to $72.14 in 2010.
The Company reported total proven reserves at December 31, 2011 of 2.6 million barrels, valued at $69.8 million on a discounted future net cash flow basis before effect of income taxes, up from 2.5 million barrels valued at $48.3 million at the end of 2010. This resulted in the Company's ratio of reserve replacement in 2011 being 137% of the oil and gas the Company actually produced in 2011. This makes 2011 the most active year for drilling in the Company's history with 26 wells drilled. The Company also set a gross production record of 246,000 barrels of oil for the year as announced earlier.
The Company reported that during 2011, the Company recorded a $(0.4) million loss on derivatives. The loss was composed of a $0.45 million unrealized gain, offset by ($0.86) million of settlement payments made to Macquarie under the collar hedge agreement that expired in July 2011. During 2010, the Company had recorded a $0.5 million gain on derivatives, composed of a $0.6 million unrealized gain partially offset by ($0.1) million of settlement payments made to Macquarie.
Jeffrey R. Bailey, CEO, said "We are pleased with the highly successful year of 2011 as revealed in our earnings and financial results. We have reported earnings of $0.08 per share of common stock in 2011, compared to a loss of ($0.03) per share in 2010. This is a clear indication of the success of the Company's exploration and production efforts in 2011. As previously announced, our production in 2011 was at record annual levels, and this contributed significantly to earnings, along with the effects of continuing high oil prices experienced for most of 2011. We are very proud that though 2011 production levels were high, the Company has for the second straight year added more proved reserves than the amount of oil and gas it actually produced, which is a requirement for future success of any exploration and production company. At our MMC plant, we have commenced electricity production at the plant site in January 2012 which has had the expected doubly beneficial result of increasing both uptime in operations at the methane plant as well as increased revenues. We are also pleased to announce that our senior lender, in recognition of the success enjoyed by the Company in 2011, has increased the Company's borrowing base 15% from $20 million to $23 million. We anticipate continuing to fund an aggressive 36 well drilling program in 2012 from cash flow further supported by the availability of additional borrowed funds. Management intends to continue to increase the value of the Company for the benefit of almost 8,000 beneficial owners of the Company's stock, primarily through the drill bit, both by drilling and polymer treatments, although we are always looking for reasonably priced and strategically located conventional acquisition opportunities."
Mr. Bailey continued: "We have also begun 2012 with a very busy first quarter, with 2 drilling rigs currently working for the Company in Kansas. We have drilled 8 wells to date, with 6 producers and 2 dry holes. The successful wells include an extension of the 2006 McElhaney lease with another well coming in at 40 BOPD. The Company began this year's polymer program by using 2 of our pre-planned locations for polymers and these two have been performed in the first quarter of 2012. One of these is the Hilgers B #6, an old well re-drill (washdown) drilled late last year that came in pre-polymer at 1 – 2 BOPD and 343 BOWPD. It was polymered this month. Since the polymer job, and its return to production for about a week this well has averaged about 80 BOPD and less than 90 BOWPD. The second polymered well was from the Veverka lease in Rooks County, has just today started back into production after the polymer treatment. We continue to focus a significant portion of our 2012 capex drilling expenditures in this area of Rooks County that will be tied to our strategy to "drill and produce then polymer and produce more." The key to success in this area is the planned incorporation of a known future polymer into the geophysical and petrophysical model even before the well is drilled. So far the polymer of both early wells and the newer wells in this area have met or exceeded our goals. We are also doing some continued exploration in Trego County with 2 wells drilled there in the first quarter, one a dry hole the other in completion phase right now."
 
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