TENGASCO INC
LOAN AGREEMENT BETWEEN TENGASCO PIPELINE
<DOCUMENT>
<TYPE>EX-10.19
<SEQUENCE>14
<FILENAME>0014.txt
<DESCRIPTION>LOAN AGREEMENT BETWEEN TENGASCO PIPELINE
                              CORPORATION AND NICK NISHIWAKI
<TEXT>

<PAGE>




                                 EXHIBIT 10.19



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                                 LOAN AGREEMENT

       LOAN AGREEMENT, dated August 16, 2000 between Tengasco Pipeline
Corporation, a Tennessee corporation, ("Borrower"), and Nick Nishiwaki
("Lender").

                                   WITNESSETH:

       WHEREAS, the Borrower has requested that the Lender make the loan (as
hereinafter defined) and the Lender has agreed to make the Loan on and subject
to the terms and conditions hereof;

       NOW, THEREFORE, each of the parties hereto, for good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged,
hereby agree as follows:

                                   AGREEMENT:

1.     Subject to the terms and conditions hereof, the Lender hereby agrees to
       make a loan (the "Loan") to the Borrower in the amount of $2,000,000 to
       be made available as follows: $300,000 on August 16, 2000 and the
       remainder to be made available as follows: $1.7 million on September 7,
       2000.

2.     The Borrower hereby unconditionally promises to pay to the Lender the
       full outstanding principal amount of the Loan, together with all unpaid
       interest thereon and all other outstanding unpaid amounts owing to the
       Lender under or in connection with the Loan Documents, on or before
       August 16, 2005. The Borrower hereby agrees to pay interest on the unpaid
       principal amount of the Loan at the rate of 10.75% payable monthly with
       the first payment due on March 16, 2001. The Loan shall be evidenced by a
       Note in the form attached hereto.

3.     As part consideration for making the Loan, Borrower will pay Lender a
       throughput fee in accordance with the form of Throughput Agreement
       attached hereto, while the Loan is outstanding.

4.     The principal of the Note may be prepaid, in whole or in part, at any
       time.

5.     If all or a portion of any interest payment shall not be paid when due,
       such overdue amount shall, to the fullest extent permitted by law, bear
       interest at a rate of 10.75% per annum.


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6.     All payments to be made by the Borrower to the Lender at the following
       address:

                         50 E. Hartsdale Avenue, #8F
                         Hartsdale, NY 10530

       or such other address as the Lender may from time to time designate.

7.     The Loan is secured by a first lien upon all the pipeline properties,
       rights of way, and facilities owned by Borrower and to be constructed
       with the proceeds of the Loan.

8.     In the event the Borrower fails to pay any principal of or interest on
       the Loan when due and payment, or application is made by the Borrower for
       the appointment of a receiver, trustee or custodian for any of the
       Borrower's assets; or a petition under any section or chapter of the
       federal Bankruptcy Code or any similar law shall be filed by the
       Borrower; or the Borrower makes an assignment for the benefit of its
       creditors or any case or proceeding is filed by the Borrower for its
       dissolution, liquidation or termination and the Borrower shall fail to
       sure such default within ten (10) days of the receipt of written notice
       from the Lender, the balance due under the Note may, at the option of the
       Lender be declared, and immediately shall become, due and payable.

9.     The Borrower agrees unconditionally upon demand to pay or reimburse the
       Lender for ail reasonable out-of-pocket costs, expenses and
       disbursements, including but not limited to fees and expenses of counsel,
       incurred by Lender in connection with the enforcement of this Agreement.

10.    No course of dealing and no delay or failure of the Lender in exercising
       any right, power, remedy or privilege under this Agreement shall affect
       any other or future exercise thereof or operate as a waiver thereof.

11.    This Agreement and the other Loan Documents shall be binding upon and
       inure to the benefit of the successors and assigns of the Borrower and
       the Lender.

12.    Except as otherwise expressly provided for in this Agreement, the
       Borrower waives presentment, demand and protest and notice of
       presentment, protest, default, nonpayment, maturity, release, compromise,
       settlement, extension or renewal of any and all commercial paper,
       accounts, contract rights, documents, instruments, chattel paper and
       guarantees at any time held by the Lender on which the Borrower may in
       any way be liable and hereby ratifies and confirms whatever the Lender
       may do in this regard; and (ii) the benefit of all valuation,
       appraisement and exemption laws.

13.    Except as otherwise provided herein, any notice or other written
       communication required hereunder shall be in writing, and shall be deemed
       to have been validly served, given or delivered (i) upon deposit in the
       United States mail, with proper




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       postage prepaid, (ii) by hand delivery, (iii) by overnight express mail
       courier, or (iv) by telecopier, and addressed to the party to be notified
       at the address set forth below or to such other address as each party may
       designate for itself in writing by like notice.

             To the Lender:

                   50 E. Hartsdale Avenue, #8F
                   Hartsdale, NY 10530

       To the Borrower:

                   Tengasco Pipeline Corporation
                   603 Main Avenue, Suite 500
                   Knoxville, TN 37902
                   Facsimile: (865) 523-9894

14.    This Agreement represents the entire agreement between the parties and
       may not be amended, modified or changed, except by a writing executed by
       both parties.

15.    This Agreement may be executed in counterparts.

       IN WITNESS WHEREOF, and intending to be legally bound hereby, this
 Agreement has been duly signed, sealed and delivered by the undersigned as of
 the day and year specified at the beginning hereof.

ATTEST:                              BORROWER
                                     TENGASCO PIPELINE CORPORATION


/s/ Elizabeth A. Wendelken           By: /s/ Robert M. Carter
---------------------------------       --------------------------------------
Elizabeth A. Wendelken, Secretary          Robert M. Carter, President


                                     LENDER

                                     /s/ Nick Nishiwaki
                                     -----------------------------------------
                                     Nick Nishiwaki




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</DOCUMENT>
