Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  SSB Ventures LLC
2. Date of Event Requiring Statement (Month/Day/Year)
12/31/2012
3. Issuer Name and Ticker or Trading Symbol
TENGASCO INC [TGC]
(Last)
(First)
(Middle)
11121 KINGSTON PIKE, SUITE E
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

KNOXVILLE, TN 37934
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 16,376,321 (1)
D
 

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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
SSB Ventures LLC
11121 KINGSTON PIKE
SUITE E
KNOXVILLE, TN 37934
    X    

Signatures

s/Cary V. Sorensen, Member SSB Ventures LLC 01/03/2013
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) The securities were purchased by the Reporting Person from Peter E. Salas, Chairman of the Board of the Company (218,000) shares; Jeffrey R. Bailey, Chief Executive Officer and a Director of the Company (500,000 shares); Cary V. Sorensen, Vice-President, General Counsel and Secretary of the Company (200,000 shares); and Dolphin Offshore Partners. L.P., which prior to the purchase was the largest shareholder of the Company. Peter E. Salas is the sole shareholder and controlling person of Dolphin Mgmt. Services, Inc., the managing general partner of Dolphin Offshore Partners, L.P. (15,458,321 shares) (hereinafter. Messrs. Salas, Bailey, and Sorensen and Dolphin Offshore Partners, L.P. are referred to collectively as the "Sellers"). The Sellers are the sole members of the Reporting Person, SSB Ventures LLC. Each of the Sellers retains the power to direct the voting by SSB Ventures LLC of the shares that each of the Sellers re

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