Austral Pacific Corporate Update



    WELLINGTON, New Zealand, Sept. 4 /CNW/ -- Austral Pacific Energy Ltd.
(TSX-V: APX; NZSX: APX; Amex:   AEN)
    
    Annual Shareholders' Meeting
    
    At the Company's annual shareholders meeting held in Vancouver, B.C.,
Canada on August 22, 2007, the shareholders re-elected David Newman, Peter
Hill, Ronald Bertuzzi, Douglas Ellenor and Thompson Jewell, and appointed
Bernhard Zinkhofer, to the Board of the Company for the ensuing year.  The
shareholders reappointed KPMG as auditor for the ensuing year and re-approved
the 10% rolling stock option plan for the coming year.
    Dr. Hill was elected as Board Chairman and took the opportunity to offer
a vote of thanks to outgoing Chairman, Mr. Newman. "David has contributed
enormously to the growth of the Company over the last 4 years.  His
professionalism and business awareness have been vital in shaping the Company
into its new form.  We are very pleased that David has agreed to remain part
of the Company by accepting to chair our Audit Committee as we continue our
restructuring and growth plans."
    Dr. Hill, who was appointed to the Board in January 2006, brings over 35
years experience in the exploration and production industry, including 22
years with BP in a range of senior positions in Australia, Egypt, New Zealand,
the North Sea and South America.  Dr Hill was the CEO and President of Benton
Oil and Gas Company (now called Harvest Natural Resources) and was
instrumental in growing the company from a market capitalization of
$US50million in 2000 to $US750million in 2005. He now consults to and advises
investment banks and hedge funds. Austral Pacific is his only board seat.
    A briefing for those shareholders who were unable to attend the AGM will
also be held, on September 12, 2007 at noon (NZST), at the James Cook Hotel
Grand Chancellor, 147 The Terrace, Wellington, New Zealand.

    
    Web site:  http://www.austral-pacific.com
    Email:     ir@austral-pacific.com
    Phone:     Thom 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.




For further information:

For further information: Thom Jewell, CEO of Austral Pacific Energy Ltd.
 +64 (4) 495 0880, ir@austral-pacific.com Web Site:
http://www.austral-pacific.com

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AUSTRAL PACIFIC ENERGY LTD.

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