19 Dec 2003debt financing● Neutral
Tengasco's board authorized consolidating and extending $3.35 million of debt owed to Dolphin Offshore Partners -- its largest shareholder, whose managing partner sits on the board -- secured by a lien on the company's pipeline assets. This is a debt arrangement, not an asset sale/purchase; the original filing's 'Item 2' label reflects old-style 8-K numbering.