U.S. SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549



                                  FORM 10-QSB/A


                  QUARTERLY REPORT UNDER SECTION 13 OR 15(D) OF
                       THE SECURITIES EXCHANGE ACT OF 1934



                   FOR THE QUARTERLY PERIOD ENDED JUNE 30,2000
                                                  ------------


                           COMMISSION FILE NO. 0-20975
                                               -------


                                 TENGASCO, INC.
                                 --------------
        (EXACT NAME OF SMALL BUSINESS ISSUER AS SPECIFIED IN ITS CHARTER)


                 TENNESSEE                           87-0267438
       ------------------------------    ---------------------------------
       STATE OR OTHER JURISDICTION OF    (IRS EMPLOYER IDENTIFICATION NO.)
       INCORPORATION OR ORGANIZATION


                 603 MAIN AVENUE, SUITE 500, KNOXVILLE, TN 37902
                 -----------------------------------------------
                    (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)


                                 (865-523-1124)
                                 --------------
                (ISSUER'S TELEPHONE NUMBER, INCLUDING AREA CODE)


CHECK WHETHER THE ISSUER (1) FILED ALL REPORTS REQUIRED TO BE FILED BY SECTION
13 OR 15(D) OF THE EXCHANGE ACT DURING THE PAST 12 MONTHS (OR FOR SUCH SHORTER
PERIOD THAT THE REGISTRANT WAS REQUIRED TO FILE SUCH REPORTS), AND (2) HAS BEEN
SUBJECT TO SUCH FILING REQUIREMENTS FOR THE PAST 90 DAYS. YES _X_ NO [_]


STATE THE NUMBER OF SHARES OUTSTANDING OF EACH OF THE ISSUER'S CLASSES OF COMMON
EQUITY, AS OF THE LATEST PRACTICABLE DATE: 8,613,352 COMMON SHARES AT JUNE 30,
2000.


TRANSITIONAL SMALL BUSINESS DISCLOSURE FORMAT (CHECK ONE): YES [_] NO _X_

<PAGE>



This Amendment on Form 10-QSB/A amends Item 1 of Part 1 of the previously filed
quarterly report on Form 10-QSB of Tengasco, Inc. and Subsidiaries for the three
month and six month periods ended June 30, 2000 to correct the net loss
attributable to common shareholders per share basic and diluted disclosures on
the accompanying Consolidated Statements of Loss. This Amendment also reflects
dividends on preferred stock in the accompanying Consolidated Statements of
Loss. Weighted average shares of common stock outstanding were also restated to
appropriately reflect timing and duration of stock transactions having an effect
on the calculation. These items were inadvertently omitted on the previously
filed June 30, 2000 10-QSB.

In accordance with Rule 12B-15 of the Securities Exchange Act of 1934, this
Amendment sets forth the complete text to Item 1 of Part I of our Form 10-QSB
for the three months and six months ended June 30, 2000.



<PAGE>

                                 TENGASCO, INC.

                                TABLE OF CONTENTS

                                                                            PAGE
                                                                            ----
PART I.              FINANCIAL INFORMATION

     ITEM 1.              FINANCIAL STATEMENTS

     *         CONSOLIDATED BALANCE SHEETS AS OF JUNE 30, 2000 AND
               DECEMBER 31, 1999..........................................   3-4

     *         CONSOLIDATED STATEMENTS OF LOSS FOR THE THREE AND SIX
               MONTHS ENDED JUNE 30, 2000 AND 1999........................     5

     *         CONSOLIDATED STATEMENTS OF STOCKHOLDERS EQUITY FOR THE
               SIX MONTHS ENDED JUNE 30, 2000.............................     6

     *         CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE SIX MONTHS
               ENDED JUNE 30, 2000 AND 1999...............................     7

     *         NOTES TO CONSOLIDATED FINANCIAL STATEMENTS.................   8-9

PART II.            OTHER INFORMATION

     *         SIGNATURE..................................................    10

                                       2
<PAGE>


                                 TENGASCO, INC.

                           CONSOLIDATED BALANCE SHEETS

                                     ASSETS


                                                     JUNE 30,       DECEMBER 31,
                                                       2000             1999
                                                   (UNAUDITED)
                                                   -----------       -----------

CURRENT ASSETS:
  CASH AND CASH EQUIVALENTS ...................    $   568,300       $   420,590
  ACCOUNTS RECEIVABLE, NET ....................        610,507           533,983
  OTHER CURRENT ASSETS ........................        259,753           259,753
                                                   -----------       -----------

TOTAL CURRENT ASSETS ..........................      1,438,560         1,214,326

OIL AND GAS PROPERTIES, NET
  (ON THE BASIS OF FULL COST
  ACCOUNTING) .................................      9,242,796         8,444,036

PIPELINE FACILITIES, AT COST ..................      4,853,423         4,212,842

PROPERTY AND EQUIPMENT, NET ...................        575,719           574,895

RESTRICTED CASH ...............................              0           625,000

OTHER .........................................         96,613           111,613
                                                   -----------       -----------


                                                   $16,207,111       $15,182,712
                                                   ===========       ===========


           SEE ACCOMPANYING NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

                                       3
<PAGE>


                                 TENGASCO, INC.

                           CONSOLIDATED BALANCE SHEETS

                      LIABILITIES AND STOCKHOLDER'S EQUITY



                                                     JUNE 30,       DECEMBER 31,
                                                       2000             1999
                                                   (UNAUDITED)
                                                   -----------       -----------

CURRENT LIABILITIES
  NOTES PAYABLE ..............................  $          0       $    750,000
  CURRENT MATURITIES OF LONG-TERM DEBT .......     1,346,809          1,025,085
  ACCOUNTS PAYABLE-TRADE .....................       680,834            651,909
  ACCRUED LIABILITIES ........................       119,376            193,595
                                                ------------       ------------

TOTAL CURRENT LIABILITIES ....................     2,147,019          2,620,589

LONG TERM DEBT, LESS CURRENT MATURITIES ......     2,774,887          3,119,293
                                                ------------       ------------

TOTAL LIABILITIES ............................     4,921,906          5,739,882
                                                ------------       ------------
PREFERRED STOCK
  CONVERTIBLE REDEEMABLE PREFERRED;
    REDEMPTION VALUE $2,938,900 AND
    $1,988,900; SHARES OUTSTANDING
    29,389 AND 19,889
STOCKHOLDER'S EQUITY .........................     2,938,900          1,988,900
                                                ------------       ------------
  COMMON STOCK, $.001 PER VALUE,
    50,000,000 SHARES AUTHORIZED .............         8,785              8,533
  ADDITIONAL PAID-IN CAPITAL .................    22,186,507         20,732,759
  ACCUMULATED DEFICIT ........................   (13,848,987)       (13,287,362)
                                                ------------       ------------
                                                   8,346,305          7,453,930
                                                ------------       ------------

TOTAL STOCKHOLDERS' EQUITY ...................     8,346,305          7,453,930
                                                ------------       ------------

                                                $ 16,207,111       $ 15,182,712
                                                ============       ============


           SEE ACCOMPANYING NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

                                       4
<PAGE>


                                 TENGASCO, INC.

                         CONSOLIDATED STATEMENTS OF LOSS

                                   (UNAUDITED)
                                    RESTATED


                                        FOR THE                 FOR THE
                                  THREE MONTHS ENDED         SIX MONTHS ENDED
                                        JUNE 30                 JUNE 30
                                ----------------------  ------------------------
                                    2000        1999        2000         1999
                                ----------  ----------  ----------  -----------

OIL AND GAS REVENUES .......... $1,270,283  $  724,888  $2,450,195  $ 1,020,536
                                ----------  ----------  ----------  -----------


COSTS AND OTHER DEDUCTIONS
  PRODUCTIONS COSTS AND TAXES .    799,736     642,888   1,255,561      879,989
  DEPLETION, DEPRECIATION
    AND AMORTIZATION ..........     63,000      27,100     126,000      154,200
  INTEREST EXPENSE ............    105,225     257,245     204,158      301,454
  GENERAL AND ADMINISTRATIVE
    COSTS .....................    549,192     467,242   1,115,022    1,214,292
  LEGAL AND ACCOUNTING ........    132,364     194,193     199,141      377,644
                                ----------  ----------  ----------  -----------

TOTAL COSTS AND OTHER
  DEDUCTIONS ..................  1,649,517   1,588,668   2,899,882    2,927,579
                                ----------  ----------  ----------  -----------

NET LOSS ......................   (379,234)   (863,780)   (449,687)  (1,907,043)
                                ----------  ----------  ----------  -----------

DIVIDENDS ON PREFERRED STOCK ..     72,160          --     111,938           --
                                ----------  ----------  ----------  -----------

NET LOSS ATTRIBUTABLE TO
   COMMON SHAREHOLDERS ........ $ (451,394) $ (863,780) $ (561,625) $(1,907,043)
                                ----------  ----------  ----------  -----------

NET LOSS ATTRIBUTABLE TO
  COMMON SHAREHOLDERS PER
  SHARE BASIC AND DILUTED ..... $    (0.05) $    (0.10) $    (0.07) $     (0.24)
                                ----------  ----------  ----------  -----------

WEIGHTED AVERAGE SHARES
  OUTSTANDING .................  8,691,985   8,260,641   8,639,002    7,846,179
                                ----------  ----------  ----------  -----------


           SEE ACCOMPANYING NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

                                       5
<PAGE>


                                 TENGASCO, INC.

                 CONSOLIDATED STATEMENTS OF STOCKHOLDERS EQUITY

                                   (UNAUDITED)


                                      COMMON STOCK    ADDITIONAL
                                   -----------------    PAID IN     ACCUMULATED
                                     SHARES   AMOUNT    CAPITAL       DEFICIT
                                   ---------  ------  -----------  ------------
BALANCE DECEMBER 31, 1999 .......  8,532,882  $8,533  $20,732,759  $(13,287,362)

COMMON STOCK ISSUED IN ..........    215,747     215    1,231,785             0
PRIVATE PLACEMENTS

COMMON STOCK ISSUED .............     27,769      28      171,972             0
ON CONVERSION OF DEBT

CONVERSION OF PREFERRED .........      8,818       9       49,991             0
TO COMMON STOCK

PAYMENT OF DIVIDENDS ON
CONVERTIBLE PREFERRED STOCK .....          0       0            0      (111,938)

NET LOSS FOR THE SIX MONTHS
ENDED JUNE 30, 2000 .............          0       0            0      (449,687)
                                   ---------  ------  -----------  ------------

BALANCE, JUNE 30, 2000 ..........  8,785,216  $8,785  $22,186,507  $(13,848,987)
                                   =========  ======  ===========  ============


           SEE ACCOMPANYING NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

                                       6
<PAGE>


                                 TENGASCO, INC.

                      CONSOLIDATED STATEMENTS OF CASH FLOWS

                                   (UNAUDITED)


SIX MONTHS ENDED JUNE 30 ...........................      2000          1999
                                                      -----------   -----------

OPERATING ACTIVITIES
  NET LOSS .........................................  $  (449,687)  $(1,907,043)
  ADJUSTMENTS TO RECONCILE NET LOSS TO NET CASH
  USED IN OPERATING ACTIVITIES:
  DEPLETION, DEPRECIATION AND AMORTIZATION .........      126,000       154,200
  CHANGES IN ASSETS AND LIABILITIES
    ACCOUNTS RECEIVABLE ............................      (76,524)     (372,168)
    OTHER CURRENT ASSETS ...........................       15,000             0
    ACCOUNTS PAYABLE ...............................       28,925       414,154
    ACCRUED LIABILITIES ............................      (74,219)     (129,272)
                                                      -----------   -----------

NET CASH USED IN OPERATING ACTIVITIES ..............     (430,505)   (1,840,129)
                                                      -----------   -----------

INVESTING ACTIVITIES
  PURCHASES OF PROPERTY AND EQUIPMENT ..............         (824)     (178,941)
  ADDITIONS TO OIL AND GAS PROPERTIES ..............     (798,760)     (606,844)
  ADDITIONS TO PIPELINE FACILITIES .................     (640,581)      (41,695)
  DECREASE IN RESTRICTED CASH ......................      625,000             0
                                                      -----------   -----------

NET CASH USED IN INVESTING ACTIVITIES ..............     (815,165)     (827,480)
                                                      -----------   -----------

FINANCING ACTIVITIES
  PROCEEDS FROM BORROWINGS .........................      795,595       215,595
  REPAYMENTS OF BORROWINGS .........................   (1,694,277)     (294,983)
  DIVIDENDS ON CONVERTIBLE REDEEMABLE
    PREFERRED STOCK ................................     (111,938)            0
  PROCEEDS FROM PRIVATE PLACEMENTS OF
    COMMON STOCK ...................................    1,454,000     1,537,736
  PROCEEDS FROM PRIVATE PLACEMENT OF
    PREFERRED STOCK ................................      950,000       688,900
                                                      -----------   -----------

NET CASH PROVIDED BY FINANCING ACTIVITIES ..........    1,393,380     2,147,248
                                                      -----------   -----------

NET CHANGE IN CASH AND CASH
     EQUIVALENTS ...................................      147,710      (520,361)

CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD .....      420,590       913,194
                                                      -----------   -----------

CASH AND CASH EQUIVALENTS, END OF PERIOD ...........  $   568,300   $   392,833
                                                      ===========   ===========


           SEE ACCOMPANYING NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

                                       7
<PAGE>


                                 Tengasco, Inc.
                   Notes to Consolidated Financial Statements


1.   The accompanying unaudited consolidated financial statements have been
     prepared in accordance with generally accepted accounting principles for
     interim financial information and with the instructions to Form 10-QSB and
     Item 310 (b) of Regulation S-B. Accordingly, they do not include all of the
     information and footnotes required by generally accepted accounting
     principles for complete financial statements. In the opinion of management,
     all adjustments (consisting of only normal recurring accruals) considered
     necessary for a fair presentation have been included. Operating results for
     the six months ended June 30, 2000 are not necessarily indicative of the
     results that may be expected for the year ended December 31, 2000. For
     further information, refer to the Company's consolidated financial
     statements and footnotes thereto for the year ended December 31, 1999,
     included in Form 10-KSB.

2.   The Company has issued fully paid 25% working interests in six wells in the
     Swan Creek Field to Shigemi Morita, one of the Directors of the Company,
     which were paid for in part by crediting Mr. Morita $360,000 for placement
     fees in connection with private placements of the Company's common stock
     which occurred during the fourth quarter of 1998 and the first quarter of
     1999. Mr. Morita was given an option that if it was determined that a well
     (s) at the time of completion of the drilling was not economically feasible
     and as such was subsequently plugged and abandoned, he had 30 days, after
     written notice from the Company, to convert amounts paid for that well (s)
     to restricted shares of the Company's common stock at 70% of its then
     current market value. However, all six of the wells in which Mr. Morita has
     a participation interest are producing, therefore his options for these
     wells were not exercisable.

     In December, 1999, Morita Properties, Inc., an affiliate of Mr. Morita,
     purchased for the sum of $625,000 a 25% working interest on a turnkey basis
     in two wells, Laura Jean Lawson #1 and Stephen Lawson #2, both of which are
     in the Swan Creek Field, and a 50% working interest in a third well,
     Springdale Land Company #1, which is a wildcat step-out well located
     approximately ten miles from the existing production. In January and March
     2000, Morita Properties, Inc. purchased for the sum of $250,000 on a
     turnkey basis a 12.5% working interest in the Stephen Lawson #3 well, a 25%
     working interest in the Laura Jean Lawson #2 well, and in April 2000,
     Morita Properties, Inc. purchased for the sum of $125,000 a 25% working
     interest in the R.D. Helton #2 well, all of which are in the Swan Creek
     Field. The purchases of these interests were concluded before the
     respective wells were drilled and the purchaser assumed all the attendant
     risks involved in normal and customary drilling operations, including the
     risk of a dry hole. The Company received fair market value for the
     interests conveyed and the sale of such interests was required to raise
     funds to allow drilling operations to continue.

                                       8
<PAGE>


3.   On December 18, 1997, the Company entered into an asset purchase agreement
     in which certain producing oil and gas properties and inventory located in
     the state of Kansas ("the Kansas Properties") were acquired from AFG
     Energy, Inc. ("AFG"). The agreement, which was effective as of December 31,
     1997, closed on March 5, 1998, whereby the Company paid $2,990,253 in cash
     and entered into a note payable agreement with AFG in the amount of
     $2,500,000. The note accrued interest at the rate of 9.5% per annum for the
     period December 1998 to May 1999. After May 1999, the interest rate became
     9.0% per annum. There was a balloon payment of $1,865,078 due in January
     2000. The seller financing portion of the purchase price has been
     refinanced by Arvest United Bank of Edmund, Oklahoma as evidenced by a note
     dated November 23, 1999 in the amount of $1,883,650 to be paid in monthly
     installments of principle and interest over a three year period. The
     acquisition has been accounted for as a purchase and, accordingly, the
     purchase price of $5,490,253 has been allocated to the assets acquired
     based on the estimated fair values at the date of acquisition.

4.   In accordance with SFAS No. 128, "Earnings Per Share", basic and diluted
     loss per share are based on 8,691,985 weighted average shares outstanding
     for the quarter ended June 30, 2000 and 8,260,641 weighted average shares
     outstanding for the quarter ended June 30, 1999. Weighted average shares
     outstanding for the six months ended June 30, 2000 and 1999 were 8,639,002
     and 7,846,149, respectively. There were 475,827 potential weighted common
     shares outstanding at June 30, 2000 and 1999 primarily related to common
     stock options and warrants. These shares were not included in the
     computation of the diluted loss per share amount because the Company was in
     a net loss position and, thus, any potential common shares were
     anti-dilutive.

     Per share disclosures have been restated in this Form 10-QSB/A for weighted
     average common shares outstanding and dividends on preferred stock for the
     three months and six months ended June 30, 2000.

5.   The accompanying Consolidated Statements of Loss have been restated to
     reflect dividends on preferred stock and net loss attributable to common
     shareholders. Per share disclosures have been calculated using these
     figures in accordance with SFAS 128.

6.   Financial Accounting Standards Board Statement of Financial Accounting
     Standards No. 133, "Accounting for Derivatives and Hedging Activities", as
     amended, establishes accounting and reporting standards for derivative
     instruments, including certain derivative instruments embedded in other
     contracts (collectively referred to as derivatives), and for hedging
     activities. Presently, the Company does not entered into derivative
     contracts either to hedge existing risks or for speculative purposes.
     Accordingly, the Company does not expect adoption of this new standard on
     January 1, 2001, to affect its financial statements.

                                       9
<PAGE>




SIGNATURES


          Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereto duly authorized.


Dated:     September 10, 2001       TENGASCO, INC.



                                    By: s/HAROLD G. MORRIS
                                        ----------------------------------------
                                          Harold G. Morris, President


                                    By: s/MARK A. RUTH
                                        ----------------------------------------
                                          Mark A. Ruth, Chief Financial Officer


                                       10