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Replies to post #1020 on Tengasco, Inc. (TGC)
realest
05/31/12 9:47 AM
#1021 RE: AAsBrother #1020
Timothy Smith
08/19/12 4:52 PM
#1026 RE: AAsBrother #1020
Tengasco Inc. has 171 active producing wells in Kansas with the majority located on the Central Kansas Uplift and adjacent west flank. The Kansas subsurface is divided into five basins that are separated by uplifts. Basins are characterized as thicker sedimentary rock packages than those found on the uplifts. The western third of Kansas is underlain by the Hugoton Embayment of the Anadarko Basin. This basin is very deep in Oklahoma with depths exceeding 40,000 feet and shallows into Western Kansas. The Central Kansas Uplift separates the Hugoton Embayment from the Salina and Sedgwick Basins of Central Kansas. The Central Kansas Uplift is a structural high that trends from northwest-southeast and is the largest structural feature in Kansas. A map showing the oil and gas fields of Kansas clearly shows the impact of the structural features on the distribution of oil and gas deposits. Production on the uplift primarily comes from the Lansing/Kansas city Group and the prolific Arbuckle Group. Production on the west flank trending into the Hugoton Embayment comes from the Cherokee Group and Mississippian age rocks. Other geologic units provide minor amounts to production totals. Focusing on central Kansas, Tengasco currently has approximately 20,971 acres under lease containing 14,261 acres held by production (HBP) and 6,710 acres not HBP in various stages of development. Exploration and Development drilling in Kansas has been focused on, but not limited to, ten central counties on the Central Kansas Uplift and on the west flank. Of these, Rooks County contains 58% of the Company’s actively producing wells. The Company had Net Oil reserves of $2,817,000 Bbl (proved) at YE2009. Kansas accounted for 91% of the Company’s revenue and 92% of the Company’s total production. Tengasco’s total production from Kansas is 600 barrels per day.