Tengasco, Inc. (TGC) announced that the Board of Directors appointed Michael J. Rugen as the Chief Financial Officer of the Company. Mr. Rugen is a Certified Public Accountant (Texas) and has been involved in the financial aspects of the oil and gas business since 1982. From 1982 through 1998 he served in a variety of accounting and financial capacities at BHP Petroleum in Houston and Denver, culminating in service as Finance Manager of the Producing Asset team with responsibility for the Gulf of Mexico and Bolivian financial operations of this international company. From 1999 to 2007 he provided financial consulting services with Jefferson Wells International and UHY Advisors in Houston, and from 2007 until joining the Company served as Vice President, Accounting and Finance, of Nighthawk Oilfield Services in Houston.
The Company also announced that on September 24, 2009 Mark A. Ruth delivered to the Company his letter of resignation as Chief Financial Officer of the Company effective immediately. Mr. Ruth had served in this capacity since 1998.
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