Austral Amends Loan Facility

    WELLINGTON, New Zealand, April 2 /CNW/ -- Austral Pacific Energy Ltd.

    Austral Pacific Energy Ltd. announces that it has agreed with its loan
facility provider, Investec Bank (Australia) Ltd, to further extend the
maturity date for the current facility to April 30, 2009. The Bank and Austral
are continuing to work toward a fundamental restructure of the company and
further restructuring of the loan facility.


    Web site:
    Phone:        Thom Jewell, CEO +64 (4) 495 0880

    Neither TSX-V nor NZSX has 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  and for further information.


For further information:

For further information: Thom Jewell, CEO of Austral Pacific Energy
Ltd., +64 (4) 495 0880, Web Site:

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