Austral Pacific Operations Update



    WELLINGTON, New Zealand, Nov. 1 /CNW/ -- Austral Pacific Energy Ltd.
(TSX-V: APX; NZSX: APX; Amex:   AEN)
    Austral Pacific Energy Ltd., as operator of the Cheal oil field announced
today that the Cheal-A3X production well located at the main Cheal "A" site
has been temporarily shut-in due to mechanical problems.  Preliminary
investigation work has indicated that pressure and fluid loss was caused by a
leak in the production casing.
    The company has immediately instigated a review of remedial options for
the well, and at this stage it is planned that a temporary solution will be in
place by the second week of November, with the well brought back into
production at a reduced flow rate at that time.
    A plan for a permanent solution has been put in place and the Company is
moving to secure the appropriate workover rig and personnel to implement this
plan. It is expected to take approximately four weeks to assemble the
equipment and complete the repair work. The Company expects to have final
repairs completed and the well returned to full production by mid to late
December, 2007.
    Commenting on shut-in, Mr. Thompson Jewell, President and CEO said,
"Everyone understands that mechanical problems of the sort we are experiencing
are part of the business.  However, I am very confident that our technical
team will have the A3X well back in production with a minimum of downtime and
lost production."
    The Company also wishes to announce that the planned tie in of the B1, B2
and B3 wells into the Cheal Production Station is progressing according to
schedule.  The wells, which are located at the satellite "B" site, were
shut-in as part of the planned, phased installation of the permanent
connections to the production facility.  Despite extremely poor weather
conditions, testing of critical equipment such as switchboards and control
systems commenced ahead of plan and as a result the B wells are on schedule to
be returned to full production via the Production Station by December 15,
2007.
    Mr. Jewell said: "I am very happy with the progress of the tie-ins at the
"B" site.  With these wells tied in we will be moving closer to getting the
field up to our planned long-term production rates. The project is a
relatively complex operation, and has drawn upon our team's skills in project
planning, project management and project delivery, and I am pleased to say
that we are on schedule."
    
    About Austral-Pacific
    
    Austral Pacific is a listed independent oil and gas exploration and
production company registered in Canada with corporate headquarters in
Wellington, New Zealand. The Company has an interest in thirteen exploration
and production permits totaling over 2.6 million acres in onshore New Zealand
and Papua New Guinea. The Company's primary assets are the Cheal Field, Kahili
Field and Cardiff Field located onshore in the highly prolific Taranaki Basin
on the North Island of New Zealand. In Papua New Guinea, the Company has an
interest in four onshore blocks.
    Austral Pacific is listed on the New Zealand stock exchange (NZSX: APX),
the Toronto Venture Exchange (TSX-V: APX) and on the American Stock Exchange
(Amex:   AEN).

    Web site: http://www.austral-pacific.com

    
    New Zealand Contact:                     North American Contact:
    Dr. Chris McKeown                        Brad Holmes
    +64 (4) 495 0869                         +1 (713) 304 6062
    chrismck@austral-pacific.com             b_holmes@att.net
    
    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. Please 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: New Zealand, Dr. Chris McKeown of Austral
Pacific  Energy Ltd., +64 (4) 495 0869, chrismck@austral-pacific.com; or North
 American, Brad Holmes +1-713-304-6062, b_holmes@att.net, for Austral Pacific 
Energy Ltd. Web Site: http://www.austral-pacific.com

Organization Profile

AUSTRAL PACIFIC ENERGY LTD.

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