Tengasco's Board of Directors to Review Unsolicited Tender Offer from ICN Fund I, LLC FOr $0.2736/Share

Tengasco, Inc. (NYSE MKT: TGC) today confirmed that ICN Fund I, LLC commenced an unsolicited tender offer on June 26, 2015 to acquire all of the outstanding shares of Tengasco common stock at a price of $0.2736 per share. Consistent with its fiduciary duties, Tengasco's Board of Directors, in consultation with its advisors, will review the offer. The Board intends to advise stockholders of its formal position regarding the tender offer within ten business days (July 13, 2015) by making available to Tengasco's stockholders and filing with the Securities and Exchange Commission (the "SEC") a solicitation/recommendation statement on Schedule 14D-9. Tengasco's stockholders are advised to take no action at this time pending the review of the tender offer by the Company's Board.