KNOXVILLE, Tenn., Sept. 22, 2011 /PRNewswire/ -- Tengasco, Inc.
(NYSE Amex: TGC) (the "Company") today announced that on
September 21, 2011, with approval of
the Company's Audit Committee, the Company engaged Hein &
Associates LLP ("Hein") as its independent registered public
accounting firm effective September 21,
2011. Hein replaces Rodefer Moss & Co, PLLC
("Rodefer Moss") as the Company's independent registered public
accounting firm. The change in accounting firms was not due
to any disagreement with Rodefer Moss. Further information as to
our change of accountants is available in the Current Report on
Form 8-K the Company filed today with the SEC.
Hein is a leading accounting and advisory firm that has served
both public and private companies in the energy industry for more
than 30 years. According to Accounting News Report's 2011 SEC
Registrant Auditor Analysis, Hein is one of the 25 largest auditors
of U.S. public companies.
Jeffrey R. Bailey, CEO said "We
are pleased to announce the selection of Hein as Tengasco's new
independent accounting firm. Hein has impressive experience
in regard to accounting issues for public companies in general and
public oil and gas companies in particular. We have
determined that utilizing the services of Hein, a larger accounting
firm with specialized knowledge and experience in oil and gas
accounting, will provide management with a strong foundation on
which to base future growth. We also want to thank Rodefer Moss for
its fine professional efforts and assistance over the past several
years which have contributed to the Company's progress."
Forward-looking statements made in this release are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Investors are cautioned that all
forward-looking statements involve risk and uncertainties which may
cause actual results to differ from anticipated results, including
risks associated with the timing and development of the Company's
reserves and projects as well as risks of downturns in economic
conditions generally, and other risks detailed from time to time in
the Company's filings with the Securities and Exchange
Commission.
SOURCE Tengasco, Inc.