Code of Conduct & Ethics for Employees, Officers & Directors

Tengasco, Inc. (the Company) has adopted this Code of Conduct and Ethics for all of its directors, officers and employees. The Company’s chief executive officer and principal financial officer shall also be subject to the Company’s existing code of ethics applicable to them. The Company’s directors, officers, and employees are subject to the following specific policies:

  • In carrying out their respective duties, each of them will promote full, fair, accurate, timely and understandable disclosure in all reports and other documents the Company files with, or furnishes or submits, to the Securities and Exchange Commission, as well as other public communications made by the Company.
  • In carrying out their duties, each of them shall endeavor to comply, and to cause the Company to comply, with all applicable governmental laws, rules and regulations and to in all instances promote honest and ethical conduct in the performance of the business of the Company.
  • All directors, officers, and employees shall promptly bring to the attention of the Vice President/General Counsel or Chief Executive Officer of the Company any material information of which she or he may become aware that may indicate that any violation of this Code of Conduct and Ethics by any person has occurred or may occur.
  • The Vice President/General Counsel shall promptly bring to the attention of the Chief Executive Officer any information he may have concerning any unethical behavior or dishonest or illegal acts in involving any person subject to this Code of Conduct and Ethics, including any actual or apparent conflicts of interest between personal and professional relationships.
  • The CEO shall promptly bring to the attention of the Board of Directors any evidence she or he may have concerning any: (a) material violation of the securities or other laws, rules or regulations applicable to the Company and the operation of its business, by the Company or any person subject to this Code of Conduct and Ethics; or (b) material violation by any person subject to this Code of Conduct and Ethics. If any violation described in the preceding sentence involves the CEO, the Vice President/General Counsel shall bring the matter to the attention of the Board of Directors. If any person subject to this Code of Conduct and Ethics reports such evidence in accordance with this paragraph and believes or has reason to believe the matter reported is not being or has not been adequately addressed by the Company, he shall report such matter directly to the Board of Directors.
  • The Chief Executive Officer shall determine, or designate appropriate persons to determine, appropriate actions to be taken in the event of violations of the Code of Conduct and Ethics by officers or employees of the Company. The Board of Directors shall determine, or designate appropriate persons to determine, appropriate actions to be taken in the event of violations of the Code of Conduct and Ethics by the Chief Executive Officer or any director of the Company. Such actions shall be reasonably designed to deter wrongdoing and to promote accountability for adherence to the Code of Conduct and Ethics. The Company shall at least annually report violations and the actions taken by the Chief Executive Officer or Board of Directors.