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<META NAME="date" CONTENT="12/09/2008">
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<DIV style="width:432pt"><P style="line-height:14pt; margin:0pt; font-size:12pt">&nbsp;</P>
<P style="margin:0pt" align=center><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
<P style="margin:0pt" align=center><B>WASHINGTON, D.C. 20549</B></P>
<P style="margin:0pt" align=center>___________</P>
<P style="margin:0pt; font-size:12pt" align=center>&nbsp;</P>
<P style="margin:0pt" align=center><B>FORM 8-K</B></P>
<P style="margin:0pt" align=center><B>___________</B></P>
<P style="margin:0pt; font-size:12pt" align=center>&nbsp;</P>
<P style="margin:0pt" align=center><B>CURRENT REPORT</B></P>
<P style="margin:0pt" align=center><B>PURSUANT TO SECTION 13 OR 15(D) OF THE</B></P>
<P style="margin:0pt" align=center><B>SECURITIES EXCHANGE ACT OF 1934</B></P>
<P style="margin:0pt; font-size:12pt" align=center>&nbsp;</P>
<P style="margin:0pt" align=center>DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): &nbsp;&nbsp;December 2, 2008</P>
<P style="margin:0pt; font-size:12pt" align=center>&nbsp;</P>
<P style="margin:0pt" align=center><B>TERRA ENERGY RESOURCES, INC.</B></P>
<P style="margin:0pt; font-size:12pt" align=center>&nbsp;</P>
<P style="margin:0pt" align=center>(EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER)</P>
<P style="margin:0pt; font-size:12pt" align=center>&nbsp;</P>
<TABLE style="font-size:10pt" cellspacing=0><TR><TD width=144></TD><TD width=144></TD><TD width=144></TD></TR>
<TR><TD valign=top width=192><P style="margin:0pt" align=center><B>DELAWARE</B></P>
</TD><TD valign=top width=192><P style="line-height:14pt; margin:0pt; font-size:12pt" align=center><B>000-52543</B></P>
</TD><TD valign=top width=192><P style="margin:0pt" align=center><B>&nbsp;20-8317658</B></P>
</TD></TR>
<TR><TD valign=top width=192><P style="margin:0pt" align=center>(STATE OR OTHER JURISDICTION OF INCORPORATION OR ORGANIZATION)</P>
</TD><TD valign=top width=192><P style="margin:0pt" align=center>(COMMISSION FILE NO.)</P>
</TD><TD valign=top width=192><P style="margin:0pt" align=center>(IRS EMPLOYEE IDENTIFICATION NO.)</P>
</TD></TR>
</TABLE>
<P style="margin:0pt; font-size:12pt" align=center>&nbsp;</P>
<P style="margin:0pt" align=center><B>225 Franklin Avenue</B></P>
<P style="margin:0pt" align=center><B>Midland Park, NJ 07432</B></P>
<P style="margin:0pt" align=center>&nbsp;(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)</P>
<P style="margin:0pt; font-size:12pt" align=center>&nbsp;</P>
<P style="margin:0pt" align=center><B>201-670-0881</B></P>
<P style="margin:0pt" align=center>&nbsp;(ISSUER TELEPHONE NUMBER)</P>
<P style="margin:0pt"><BR></P>
<P style="margin:0pt"><BR></P>
<P style="margin:0pt" align=center>(FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)</P>
<P style="margin:0pt" align=center>Terra Media, Ltd.</P>
<P style="margin:0pt" align=center>60 Knolls Crescent, Suite 9M</P>
<P style="margin:0pt" align=center>Bronx, NY 10463</P>
<P style="margin:0pt" align=center>(973) 768-4181</P>
<P style="margin:0pt; font-size:12pt">&nbsp;</P>
<P style="margin:0pt"><BR></P>
<P style="margin:0pt" align=center><BR></P>
<P style="margin:0pt; font-size:12pt">&nbsp;</P>
<P style="margin:0pt"><B>ITEM 5.01 CHANGES IN CONTROL OF REGISTRANT.</B></P>
<P style="margin:0pt; font-size:12pt">&nbsp;</P>
<P style="margin:0pt" align=justify>On October 23, 2008 (the &#147;Effective Date&#148;), pursuant to the terms of a Stock Purchase Agreement (&#147;CSPA&#148;), Catherine Balloqui purchased 29,358,003 shares of the issued and outstanding common stock of Terra Energy Resources, Inc. (the &#147;Company&#148;) from Thomas P. Monahan and John Swint, shareholders of the Company, for $241,350 in cash and a contractual obligation to pay an additional $300,000 in cash not later than November 26, 2008.&nbsp; This CSPA was amended on December 2, 2008 to extend the payment terms by allowing the balance to be paid at the rate of $25,000 per week commencing on January 5, 2009. The failure to make the final payment will result in a reversion off control to Mr. Monahan.</P>
<P style="margin:0pt; font-size:12pt">&nbsp;</P>
<P style="margin:0pt"><BR></P>
<P style="margin:0pt"><B>ITEM 9.01 FINANCIAL STATEMENT AND EXHIBITS.</B></P>
<P style="margin:0pt; font-size:12pt">&nbsp;</P>
<TABLE style="font-size:10pt" cellspacing=0><TR><TD width=16.65></TD><TD width=16.6></TD><TD width=398.75></TD></TR>
<TR><TD valign=top width=22.2><P style="margin:0pt">(a)</P>
</TD><TD valign=top width=553.8 colspan=2><P style="margin:0pt">Financial Statements of Business Acquired.</P>
</TD></TR>
<TR><TD width=22.2><P style="margin:0pt; font-size:12pt">&nbsp;</P>
</TD><TD valign=top width=553.8 colspan=2><P style="margin:0pt">Not applicable.</P>
</TD></TR>
<TR><TD valign=top width=22.2><P style="margin:0pt">(b)</P>
</TD><TD valign=top width=553.8 colspan=2><P style="margin:0pt">Pro Forma Financial Information&nbsp;</P>
</TD></TR>
<TR><TD width=22.2><P style="margin:0pt; font-size:12pt">&nbsp;</P>
</TD><TD valign=top width=553.8 colspan=2><P style="margin:0pt">Not applicable.</P>
</TD></TR>
<TR><TD valign=top width=22.2><P style="margin:0pt">(c)</P>
</TD><TD valign=top width=553.8 colspan=2><P style="margin:0pt">Exhibits.</P>
</TD></TR>
<TR><TD valign=top width=22.2><P style="margin:0pt; font-size:12pt">&nbsp;</P>
</TD><TD valign=top width=22.133><P style="line-height:14pt; margin:0pt; font-size:12pt">2.2</P>
</TD><TD valign=top width=531.667><P style="line-height:14pt; margin:0pt; font-size:12pt">Amendment to Stock Purchase Agreement.</P>
</TD></TR>
</TABLE>
<P style="margin:0pt"><BR></P>
<P style="margin:0pt" align=center><B>SIGNATURES</B></P>
<P style="margin:0pt; font-size:12pt" align=center>&nbsp;</P>
<P style="margin:0pt">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 hereunto duly authorized.</P>
<P style="margin:0pt; font-size:12pt">&nbsp;</P>
<P style="margin:0pt; font-size:12pt">&nbsp;</P>
<TABLE style="font-size:10pt" cellspacing=0><TR><TD width=215.5></TD><TD width=14.45></TD><TD width=150.7></TD><TD width=51.35></TD></TR>
<TR><TD valign=top width=287.333><P style="margin:0pt"><B>Dated: December 9, 2008&nbsp;</B></P>
</TD><TD valign=top width=220.2 colspan=2><P style="margin:0pt"><B>TERRA ENERGY RESOURCES, LTD.</B></P>
</TD><TD valign=top width=68.467><P style="margin:0pt">&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=287.333><P style="margin:0pt">&nbsp;</P>
</TD><TD valign=top width=19.267><P style="margin:0pt">&nbsp;</P>
</TD><TD valign=top width=200.933><P style="margin:0pt">&nbsp;</P>
</TD><TD valign=top width=68.467><P style="margin:0pt">&nbsp;</P>
</TD></TR>
<TR><TD style="border-bottom:3pt solid #FFFFFF" valign=top width=287.333><P style="margin:0pt; font-size:12pt">&nbsp;</P>
</TD><TD style="border-bottom:3pt solid #FFFFFF" valign=top width=19.267><P style="margin:0pt">By: </P>
</TD><TD style="border-bottom:1.5pt solid #000000" valign=top width=200.933><P style="margin:0pt">/s/&nbsp;Catherine Balloqui</P>
</TD><TD style="border-bottom:3pt solid #FFFFFF" valign=top width=68.467><P style="margin:0pt">&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=287.333><P style="margin:0pt">&nbsp;</P>
</TD><TD valign=top width=19.267><P style="margin:0pt">&nbsp;</P>
</TD><TD valign=top width=200.933><P style="line-height:normal; margin:0pt">Chief Executive Officer</P>
</TD><TD valign=top width=68.467><P style="margin:0pt">&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=287.333><P style="margin:0pt">&nbsp;</P>
</TD><TD valign=top width=19.267><P style="margin:0pt">&nbsp;</P>
</TD><TD valign=top width=200.933><P style="margin:0pt">&nbsp;</P>
</TD><TD valign=top width=68.467><P style="margin:0pt">&nbsp;</P>
</TD></TR>
</TABLE>
<P style="margin:0pt"><BR></P>
<P style="margin:0pt"><BR>
<BR></P>
</DIV></BODY>
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{"company-data": {"conformed-name": "Terra Energy Resources, Ltd.", "cik": "0001372523", "assigned-sic": "7812", "irs-number": "710913458", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-52543", "film-number": "081237825"}, "business-address": {"street1": "225 FRANKLIN AVENUE", "street2": "SUITE III", "city": "MIDLAND PARK", "state": "NJ", "zip": "07432", "phone": "(201) 670-0881"}, "mail-address": {"street1": "225 FRANKLIN AVENUE", "street2": "SUITE III", "city": "MIDLAND PARK", "state": "NJ", "zip": "07432"}, "former-company": {"former-conformed-name": "Terra Media, Ltd.", "date-changed": "20060811"}}
Converted by EDGARwiz
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):   December 2, 2008
TERRA ENERGY RESOURCES, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER)
DELAWARE
000-52543
20-8317658
(STATE OR OTHER JURISDICTION OF INCORPORATION OR ORGANIZATION)
(COMMISSION FILE NO.)
(IRS EMPLOYEE IDENTIFICATION NO.)
225 Franklin Avenue
Midland Park, NJ 07432
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)
201-670-0881
(ISSUER TELEPHONE NUMBER)
(FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)
Terra Media, Ltd.
60 Knolls Crescent, Suite 9M
Bronx, NY 10463
(973) 768-4181
ITEM 5.01 CHANGES IN CONTROL OF REGISTRANT.
On October 23, 2008 (the "Effective Date"), pursuant to the terms of a Stock Purchase Agreement ("CSPA"), Catherine Balloqui purchased 29,358,003 shares of the issued and outstanding common stock of Terra Energy Resources, Inc. (the "Company") from Thomas P. Monahan and John Swint, shareholders of the Company, for $241,350 in cash and a contractual obligation to pay an additional $300,000 in cash not later than November 26, 2008.  This CSPA was amended on December 2, 2008 to extend the payment terms by allowing the balance to be paid at the rate of $25,000 per week commencing on January 5, 2009. The failure to make the final payment will result in a reversion off control to Mr. Monahan.
ITEM 9.01 FINANCIAL STATEMENT AND EXHIBITS.
(a)
Financial Statements of Business Acquired.
Not applicable.
(b)
Pro Forma Financial Information
Not applicable.
(c)
Exhibits.
2.2
Amendment to Stock Purchase Agreement.
SIGNATURES
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 hereunto duly authorized.
Dated: December 9, 2008
TERRA ENERGY RESOURCES, LTD.
By:
/s/ Catherine Balloqui
Chief Executive Officer