Austral Pacific Completes US$3.25 Million Financing
16 May 2007 - 11:20AM
PR Newswire (US)
WELLINGTON, New Zealand, May 15 /PRNewswire-FirstCall/ -- Austral
Pacific Energy Ltd. (TSX-V: APX; NZSX: APX; Amex: AEN) Further to
Austral Pacific Energy Ltd.'s news release of March 30, 2007, the
Company confirms that it has now received all necessary regulatory
approvals for the placement of 2.5 million common shares at $1.30
each and that it has now completed the placement. All these shares
have a restricted period in Canada until September 16, 2007.
Proceeds will be used in connection with the Cheal field
development and for working capital purposes. Web site:
http://www.austral-pacific.com/ Email: Phone: Thompson Jewell, CEO
+64 (4) 495 0880 None of the Exchanges upon which Austral Pacific's
securities trade have approved or disapproved the contents hereof.
This release includes certain statements that may be deemed to be
"forward-looking statements" within the meaning of applicable
legislation. Other than statements of historical fact, all
statements in this release addressing future production, reserve
potential, exploration and development activities and other
contingencies are forward-looking statements. Although management
believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are
not guarantees of future performance, and actual results or
developments may differ materially from those in the
forward-looking statements, due to factors such as market prices,
exploration and development successes, continued availability of
capital and financing, and general economic, market, political or
business conditions. See our public filings at
http://www.sedar.com/ and
http://www.sec.gov/edgar/searchedgar/webusers.htm for further
information. DATASOURCE: Austral Pacific Energy Ltd. CONTACT:
Thompson Jewell, CEO of Austral Pacific Energy Ltd., +64 (4) 495
0880, Web site: http://www.austral-pacific.com/
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