----

----

----

| Specified      Price:                             |   | The      settlement price                                                                                                                                                                                                                                                                                                                                   |
|---------------------------------------------------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Delivery      Date                                |   | First      Nearby Month                                                                                                                                                                                                                                                                                                                                     |
| Strike      Price per unit                        |   | USD      81.50 per BBL                                                                                                                                                                                                                                                                                                                                      |
| Notional      Quantity perCalculation      period |   | For      a particular Calculation period, the Notional Quantity specified in the      Calculation Period Table below for such Calculation  Period.                                                                                                                                                                                                          |
|                                              |   |                                                                                                                                                                                                                                                                                                                                                        |
| Unit(s):                                          |   | US      Barrels (“BBL”)                                                                                                                                                                                                                                                                                                                         |
|                                              |   |                                                                                                                                                                                                                                                                                                                                                        |
| Calculation      Period (s):                      |   | As      specified in the Calculation Period Table below, each period from, and      including, one period start date to, and including , the next following      Period End Date.                                                                                                                                                                           |
|                                              |   |                                                                                                                                                                                                                                                                                                                                                        |
| Procedure      for Exercise:                      |   |                                                                                                                                                                                                                                                                                                                                                        |
| Expiration      Date:                             |   |  For      a particular Calculation Period, the Period End Date for such Calculation      Period.                                                                                                                                                                                                                                                       |
|                                              |   |                                                                                                                                                                                                                                                                                                                                                        |
| Cash      Settlement Terms:                       |   |                                                                                                                                                                                                                                                                                                                                                        |
|                                              |   |                                                                                                                                                                                                                                                                                                                                                        |
| Cash      Settlement                              |   | Applicable                                                                                                                                                                                                                                                                                                                                                  |
| Settlement      Date(s):                          |   | For      a particular Calculation Period, Twenty-Five (25) Calendar Day(s)      following the end of such Calculation Period.                                                                                                                                                                                                                               |
|                                              |   | For      information purposes only, each date currently expected to be a Settlement      Date (each an “Expected Settlement Date”) is specified in the Calculation      Period Table below.  In the event of any inconsistency between a      Settlement Date and an Expected Settlement Date, the Settlement Date will      prevail. |
| Other      terms                                  |   |                                                                                                                                                                                                                                                                                                                                                        |
| Total      Premium                                |   | In      consideration of the above transaction, no payment is  due                                                                                                                                                                                                                                                                                          |
|                                              |   |                                                                                                                                                                                                                                                                                                                                                        |
| Account      Details                              |   | TENGASCO,      INC. instructions: please advise                                                                                                                                                                                                                                                                                                             |
| Business      Day Convention:                     |   | If      a Settlement Date or Premium payment date is not a Business Day, such      Settlement Date or Premium Payment Date is subject to adjustment in      accordance with the Modified Following Business Day      Convention.                                                                                                                            |
| Business      Day                                 |   | New      York                                                                                                                                                                                                                                                                                                                                               |
| Rounding                                          |   | The      Floating Price will be rounded to 3 decimal  places                                                                                                                                                                                                                                                                                                |

----

----

|   |
|--------|

| Period      Start Date | Period      End Date | Notional      Quantity inBBL      ("US Barrels") | ExpectedSettlement      Date |
|------------------------|----------------------|--------------------------------------------------|------------------------------|
| 01-Aug-2009            | 31-Aug-2009          | 9,500                                            | 25-Sep-2009                  |
| O1-Sep-2009            | 30-Sep-2009          | 9,500                                            | 26-Oct-2009                  |
| O1-Oct-2449            | 31-Oct-2009          | 9,500                                            | 25-Nov-2009                  |
| O1-Nov-2009            | 30-Nov-2009          | 9,500                                            | 28-Dee-2009                  |
| 01-Dec-2009            | 31-Dec-2009          | 9,500                                            | 25-Jan-2010                  |
| O1-Jan-2010            | 3I-Jan-2010          | 9,500                                            | 25-Feb-2010                  |
| 01-Feb-2014            | 28-Feb-2010          | 9,500                                            | 25-Mar-2010                  |
| 01-Mar-2010            | 31-Mar-2010          | 9,500                                            | 26-Apr-2010                  |
| O1-Apr-2010            | 30-Apr-2010          | 9,500                                            | 25-May-2010                  |
| 01-May-2010            | 31-May-2010          | 9,500                                            | 25-Jun-2010                  |
| 01-Jun-2010            | 30-Jun-2010          | 9,500                                            | 26-Jul-2010*                 |
| 01-Jul-2010            | 31-Jul-2010          | 9,500                                            | 25-Aug-2010                  |
| 01-Aug-2010            | ~31-Aug-2010         | 9,500                                            | 27-Sep-2010                  |
| 01-Sep-2010            | 30-Sep-2010          | 9,500                                            | 25-Oct-2010                  |
| 01-Oct-2010            | 31-Oct-2010          | 9,500                                            | 26-Nov-2010                  |
| 41-Nov-2410            | 30-Nov-2010          | 9,500                                            | 27-Dec-2410                  |
| 01-Dec-2010            | 31-Dec-2010          | 9,500                                            | 25-Jan-2011                  |
| 01-Jan-2011            | 31-Jan-2011          | 7,375                                            | 25-Feb-2011                  |
| 01-Feb-2011            | 28-Feb-2011          | 7,375                                            | 25-Mar-2011                  |
| 01-Mar-2011            | 31-Mar-2011          | 7,375                                            | 25-Apr-201I                  |
| 01-Apr-2011            | 30-Apr-2011          | 7,375                                            | 25-May-2011                  |
| 01-May-201      1      | 31-May-2011          | 7,375                                            | 27-Jun-2011                  |
| 01-Jun-2011            | 30-Jun-2011          | 7,375                                            | 25-Jul-2.011                 |
| 01-Jul-2011            | 31-Jul-2011          | Y      7,375                                     | 25-Aug-2011                  |

|   | Early      Termination Provision - Right      to break (a)In the event      that: |
|--------|-----------------------------------------------------------------------------------|

----

|   | (IV)      on or before 1 September 2010, any Credit Support Document with a      "termination date" or other similar end date, is not extended to 31      October 2011 to the satisfaction of PartyA, |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (iii)   | the      date on which the Early Termination Amount is payable by Party B to Party      A ("Break Payment Date"). |
|-------------------|-------------------------------------------------------------------------------------------------------------------|

| (i)   | the      Break Date specified in the notice will be deemed to be the Early      Termination Date of theTransaction; |
|-----------------|---------------------------------------------------------------------------------------------------------------------|

| (ii)   | the      obligations of the parties to make any further payments under Section      2(a)(i) on or alter the Break Date in respect of the relevant Transaction      will terminate and the Transaction will be deemed to be a Terminated      Transaction; and |
|------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (e)      The amount payable under Section 6(e) in respect of the Terminated      Transaction is to be determined on the basis that there is one Affected      Party with Party B as the AffectedParty. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (d)   | Despite      Section S(d)(ii), payment under Section 6(e) must be made on the Break      Payment Date specified in thenotice. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------|

| (i)   | obtain      quotes on the assumption that both parties are of the highest credit      status (whether or not they have such status);  and |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------|

----

----