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     <TD noWrap align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">UNITED STATES</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">SECURITIES AND EXCHANGE COMMISSION</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">WASHINGTON, D.C. 20549</FONT></TD></TR></TABLE></P>
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     <TD noWrap align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">FORM 8-K</FONT><BR>
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<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">SECURITIES EXCHANGE ACT OF 1934</FONT><BR>
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<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED)</FONT><BR>
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<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">February 26, 2009</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">--------------------------------------------------------------</FONT><BR>
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<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif"><FONT size=4><B>Exterra Energy Inc</B></FONT>.</FONT><BR>
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<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(Exact name of Registrant as specified in its Charter)</FONT><BR>
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     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=center width="28%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Nevada </FONT></TD>
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     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=center width="28%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">000-52319 </FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=center width="12%"></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=center width="22%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">20-5086877</FONT></TD></TR>
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     <TD noWrap align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(State or other jurisdiction</FONT>&nbsp; </TD>
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     <TD noWrap align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(Commission File No.)</FONT>&nbsp; </TD>
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     <TD noWrap align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(IRS Employer</FONT>&nbsp; </TD></TR>
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     <TD noWrap align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">of incorporation)</FONT>&nbsp; </TD>
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     <TD noWrap align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Identification No.)</FONT>&nbsp; </TD></TR></TABLE><BR>
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     <TD noWrap align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">1717 St. James Place, Suite 205, Houston, Texas 77056</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">----------------------------------------------------------</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(Address of principal executive offices) (Zip Code)</FONT><BR>
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<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(713) 877-8847</FONT><BR>
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<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(Registrant's telephone number, including area code)</FONT></TD></TR></TABLE></P>
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     <TD noWrap align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">filing obligation of the registrant under any of the following provisions:</FONT></TD></TR></TABLE></P>
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     <TD noWrap align=left width="93%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT>&nbsp; </TD></TR>
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     <TD noWrap align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">[&nbsp;&nbsp;&nbsp; ]</FONT>&nbsp; </TD>
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     <TD noWrap align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT>&nbsp; </TD></TR>
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     <TD noWrap align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act <FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(17 CFR 240.14d-2(b))</FONT>&nbsp;&nbsp;</FONT>&nbsp; </TD></TR>
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     <TD noWrap align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">[&nbsp;&nbsp; &nbsp;]</FONT>&nbsp; </TD>
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     <TD noWrap align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act <FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(17 CFR 240.13e-4(c))</FONT>&nbsp;&nbsp;</FONT>&nbsp; </TD></TR></TABLE></DIV><BR>
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<P align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">INFORMATION TO BE INCLUDED IN THE REPORT</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Item 5.02&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.</FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">The Company announces that effective February 25, 2009 that Mr. Robert Royal was named Chairman of the Board of Directors, Chief Executive Officer and Director and that Mr. Todd R. Royal was named as President, Corporate Secretary and Director. Mr. John Punzo resigned as Chairman of the Board, Chief Executive Officer and Director, Mr. James D. Romano resigned as Corporate Secretary and Director and Mr. Randall K. Boatright resigned as Director, Chief Financial Officer and Executive Vice President and been appointed interim Chief Financial Officer. Messrs. Punzo, Romano and Boatright have no disagreement with the Company on any matters relating to the Company&#146;s operations, policies or practices.</FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Robert Royal, age 72, is and has been since its founding in 1995 the CEO and Chairman of Royalco Oil and Gas Corporation (&#147;Royalco&#148;), a private oil and gas company headquartered in Weatherford, Texas. Mr. Royal has over 30 years experience in the oil &amp; gas industry, real estate and the financial markets. Mr. Royal was the CEO and President of IGE, an oil and gas company which did a reverse merger into Life Partners Holdings (LPHI), a publically reporting company. Mr. Royal is not currently serving on the board of directors of any publicly traded companies. Mr. Royal is Todd Royal&#146;s father.</FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Todd R. Royal, age 37, is and has been since its founding in 1995 the President and Director of Royalco. Mr. Royal is a Texas Tech University graduate with significant experience in marketing and public relations. Mr. Royal is not currently serving on the board of directors of any publicly traded companies. Mr. Royal is Robert Royal&#146;s son.</FONT></P>
<P align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">SIGNATURE</FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</FONT></P>
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     <TD noWrap align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">EXTERRA ENERGY INC.,</FONT>&nbsp; </TD></TR>
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     <TD noWrap align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">/s/ Robert Royal</FONT>&nbsp; </TD></TR>
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     <TD noWrap align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">ROBERT ROYAL</FONT>&nbsp; </TD></TR>
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     <TD noWrap align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Chief Executive Officer</FONT>&nbsp; </TD></TR>
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     <TD noWrap align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Dated: February 26, 2009</FONT>&nbsp; </TD></TR></TABLE><BR>
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exterra8k22609.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED)
February 26, 2009
--------------------------------------------------------------
Exterra Energy Inc
.
--------------------------------------------------------------
(Exact name of Registrant as specified in its Charter)
Nevada
000-52319
20-5086877
(State or other jurisdiction
(Commission File No.)
(IRS Employer
of incorporation)
Identification No.)
1717 St. James Place, Suite 205, Houston, Texas 77056
----------------------------------------------------------
(Address of principal executive offices) (Zip Code)
(713) 877-8847
--------------------------------------------------
(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions:
[    ]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[    ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[    ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
(17 CFR 240.14d-2(b))
[    ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR 240.13e-4(c))
INFORMATION TO BE INCLUDED IN THE REPORT
Item 5.02      Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
The Company announces that effective February 25, 2009 that Mr. Robert Royal was named Chairman of the Board of Directors, Chief Executive Officer and Director and that Mr. Todd R. Royal was named as President, Corporate Secretary and Director. Mr. John Punzo resigned as Chairman of the Board, Chief Executive Officer and Director, Mr. James D. Romano resigned as Corporate Secretary and Director and Mr. Randall K. Boatright resigned as Director, Chief Financial Officer and Executive Vice President and been appointed interim Chief Financial Officer. Messrs. Punzo, Romano and Boatright have no disagreement with the Company on any matters relating to the Company's operations, policies or practices.
Robert Royal, age 72, is and has been since its founding in 1995 the CEO and Chairman of Royalco Oil and Gas Corporation ("Royalco"), a private oil and gas company headquartered in Weatherford, Texas. Mr. Royal has over 30 years experience in the oil & gas industry, real estate and the financial markets. Mr. Royal was the CEO and President of IGE, an oil and gas company which did a reverse merger into Life Partners Holdings (LPHI), a publically reporting company. Mr. Royal is not currently serving on the board of directors of any publicly traded companies. Mr. Royal is Todd Royal's father.
Todd R. Royal, age 37, is and has been since its founding in 1995 the President and Director of Royalco. Mr. Royal is a Texas Tech University graduate with significant experience in marketing and public relations. Mr. Royal is not currently serving on the board of directors of any publicly traded companies. Mr. Royal is Robert Royal's son.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
EXTERRA ENERGY INC.,
/s/ Robert Royal
ROBERT ROYAL
Chief Executive Officer
Dated: February 26, 2009