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BRIEF-Terrex Energy provides update on hydrocarbon purchase agreement

Monday, 1 Oct 2012 | 6:09 AM ET

Oct 1 (Reuters) - Terrex Energy Inc :

* Provides update regarding hydrocarbon purchase agreement

* Received notice from sandstorm metals & energy saying co is in default under

agreement dated March 18, 2011

* Continues to actively pursue various strategic alternatives including

potential financing, merger and/or jv

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