AUSPF Austral Pacific Energy Ltd featured news, full reports, and detailed charts
Austral Pacific Energy Ltd (AUSPF/AUSPF.PK) Wrap Up:
Austral Pacific Energy, Ltd., through its subsidiaries, engages in the exploration, development, and production of oil and natural gas properties. The company also involves in the acquisition of interests in licenses or permits in New Zealand and Papua New Guinea. As of December 31, 2007, it holds net interests equivalent to approximately 0.57 million acres of exploration and mining permits in New Zealand; and approximately 0.82 million acres of exploration and retention licenses in Papua New Guinea. Austral Pacific Energy, formerly known as Indo-Pacific Energy, Ltd., was founded in 1979 and is based in Wellington, New Zealand.Austral Pacific Energy Ltd (AUSPF:OTC)
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Key developments for Austral Pacific Energy Ltd (AUSPF)
Thompson Jewell and Douglas Ellenor, two directors of Austral Pacific Energy Ltd. have resigned from the Board of Directors of the company, Mr. Jewell with effect from 18 May 2009, and Dr. Ellenor with effect from 12 May 2009. Derek Gardiner, the company's Chief Financial Officer, resigned with effect from 30 April 2009.
Austral Pacific Energy Ltd. reported consolidated and parent earnings results for the year ended December 31, 2008. For the year, the company reported loss from continuing operations of $53,913,950 or $1.02 diluted loss per share on revenue of $11,972,715 against $21,205,351 or $0.71 diluted loss per share on revenue of $7,342,678 for the same period a year ago. Net cash outflow from operating activities was $15,156,407 against $598,252 in 2007. The company reported parent loss before income tax from continuing operations of $30,139,563 against $22,058,037 in 2007. Parent loss after income tax from continuing operations was $29,987,296 against $22,058,037 in 2007. The company reported consolidated impairment losses of $17,090,797 for the year 2008.
Austral Pacific Energy Ltd., Annual General Meeting, Aug 22, 2009
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AUSPF transactions
| Type Date |
Target |
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Merger/Acquisition
June 17, 2009 |
Cheal Oil and Gas Field |