Terrex Energy Inc. Announces Approval of Strathmore EOR Project

CALGARY, Jan. 26 /CNW/ -- 
CALGARY, Jan. 26 /CNW/ - Terrex Energy Inc. ("Terrex" or the "Company") (TSX-V - TER) announces ERCB approval of
 the Company's enhanced oil recovery "EOR" project at Strathmore.


On January 21, 2011 the Alberta Energy Resources Conservation Board
 (ERCB), approved Terrex's plans for an Enhanced Oil Recovery (EOR)
 project in southern Alberta. The project consists of a chemical
 alkaline surfactant polymer (ASP) flood of the Lower Mannville B Pool
 of the Company's 100% working interest property in the Strathmore area
 of southern Alberta. Field rehabilitation activities, including the
 re-activation of well bores and pipelines, injector well conversions,
 and repairs and modifications to existing facilities necessary for the
 EOR project are mostly complete and additional required equipment has
 been ordered with delivery expected by mid 2011. Chemical injection is
 planned to commence in the fall.


The Strathmore pool has produced nearly 5 million barrels of light oil
 to date and the ASP flood is expected to result in significant
 additional recoveries of oil.  Based upon worldwide analogues, chemical
 floods increase recoveries, on average, by approximately 14-15% of
 total oil initially in place.


Terrex Energy Inc. is a Calgary-based junior oil company that
 specializes in the application of proven Enhanced Oil Recovery (EOR)
 methods to improve oil production from mature pools. Terrex targets
 underexploited and undercapitalized light-to-medium oil reservoirs in
 Western Canada. Terrex shares are listed on the TSX Venture Exchange
 under the symbol 'TER' and on the Frankfurt Exchange under the symbol
 3RT.


Neither the TSV Venture Exchange nor its Regulation Service Provider (as
 that term is defined in the policies of the TSX Venture Exchange)
 accepts responsibility for the adequacy or accuracy of this release.


Forward-Looking Statements
This news release contains certain forward-looking statements and
 forward-looking information (collectively referred to herein as
 "forward-looking statements") within the meaning of Canadian securities
 laws. All statements other than statements of historical fact are
 forward-looking statements. In particular, this press release contains
 forward-looking statements pertaining to the amount of oil that may be
 recoverable from the Strathmore property, the timing of the
 commencement of the chemical injection and anticipated production in
 respect to the Strathmore property. Undue reliance should not be placed
 on forward-looking statements, which are inherently uncertain, are
 based on estimates and assumptions, and are subject to known and
 unknown risks and uncertainties (both general and specific) that
 contribute to the possibility that the future events or circumstances
 contemplated by the forward-looking statements will not occur.


There can be no assurance that the plans, intentions or expectations
 upon which forward looking statements are based will in fact be
 realized. Actual results will differ, and the difference may be
 material and adverse to Terrex and its shareholders. Forward-looking
 statements are based on Terrex's current beliefs as well as assumptions
 made by, and information currently available to, Terrex concerning
 business prospects, strategies, and market conditions. Although
 management considers these assumptions to be reasonable based on
 information currently available to it, they may prove to be incorrect.
 By their very nature, forward-looking statements involve inherent risks
 and uncertainties (both general and specific) and risks that
 forward-looking statements will not be achieved. The forward-looking
 statements contained in this news release are made as of the date
 hereof and Terrex does not undertake any obligation to update publicly
 or to revise any of the included forward-looking statements, except as
 required by applicable law. The forward-looking statements contained
 herein are expressly qualified by this cautionary statement.



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pPlease contact Kim Davies, President & CEO, or Norm Knecht, VP Finance &  CFO, at [phone], or visit Terrex's website at a href="http://www.terrexenergy.ca/"terrexenergy.ca/a./p

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