BRIEF-Tengasco And Riley Exploration-Permian Announce Merger Agreement

Oct 21 (Reuters) - Tengasco Inc :
* TENGASCO, INC. AND RILEY EXPLORATION-PERMIAN, LLC ANNOUNCE MERGER AGREEMENT
* TENGASCO INC - CO WILL ISSUE ABOUT 203 MILLION SHARES OF TENGASCO COMMON STOCK TO RILEY MEMBERS AT DEAL CLOSE
* TENGASCO INC - CURRENT MEMBERS OF RILEY WILL OWN 95% OF TENGASCO
* TENGASCO INC - TENGASCO WILL CHANGE ITS NAME TO RILEY EXPLORATION PERMIAN, INC.
* TENGASCO INC - CURRENT MANAGEMENT OF RILEY WILL BECOME MANAGEMENT OF TENGASCO
* TENGASCO INC - MICHAEL RUGEN, INTERIM CEO AND CFO OF TENGASCO WILL CONTINUE AS CFO OF TENGASCO
* TENGASCO INC - ANTICIPATE REVERSE STOCK SPLIT IN A RANGE FROM 8-TO-1 TO 12-TO-1 WILL BE COMPLETED FOLLOWING DEAL CLOSE

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