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Mister_Profit

06/30/11 6:28 AM

#134434 RE: AugustaFriends #134433

I'm researching right now and will post what I discover.
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Mister_Profit

06/30/11 6:53 AM

#134437 RE: AugustaFriends #134433

TGC - The hedge agreement has a $60 per barrel floor and $81.50 per barrel cap on a notional volume of 9,500 barrels per month from August 1, 2009 through December 31, 2010 and 7,375 barrels per month from January 1 through July 31, 2011.

http://www.ogfj.com/index/article-display/3769787481/articles/oil-gas-financial-journal/markets/hedging/tengasco-enters_crude.html

Tomorrow is July 1st..
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Mister_Profit

06/30/11 7:27 AM

#134438 RE: AugustaFriends #134433

TGC - here is a link to the shareholders presentation. Page 7 notes about the new well, drilling, polymers being added, etc..

http://www.tengasco.com/Shareholders%202011.pdf