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March 28, 2015 8:06 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Austral Pacific Energy Ltd.

Company Overview

Austral Pacific Energy Ltd. engages in the exploration, appraisal, development, and production of oil and gas. It holds varying net interests equivalent to approximately 0.645 million gross acres of exploration and mining permits in New Zealand. The company was formerly known as Indo-Pacific Energy Ltd. and changed its name to Austral Pacific Energy Ltd. in December 2003. Austral Pacific Energy was founded in 1979 and is headquartered in Wellington, New Zealand. As of April 30, 2009, Austral Pacific Energy, Ltd. is in receivership.

Level 3 40 Johnston Street

Wellington Central

Wellington,  6011

New Zealand

Founded in 1979

9 Employees

Phone:

64 4 495 0888

Fax:

64 4 495 0889

Key Executives for Austral Pacific Energy Ltd.

Austral Pacific Energy Ltd. does not have any Key Executives recorded.

Austral Pacific Energy Ltd. Key Developments

Austral Pacific Energy Ltd. Announces Earnings Results for the Year Ended March 31, 2013

Austral Pacific Energy Ltd. announced earnings results for the year ended March 31, 2013. For the year, the company achieved Sales of $46.997 million compared with $42.743 million for the year ended March 31, 2012. This improvement was largely due to a change in product mix towards higher price, higher margin products. Net income was $9.0 million or $0.07 diluted per share compared with $6.6 million or $0.06 diluted per share during the year ended March 31, 2012. The increase was contributed by the improvement in the change in product mix towards higher price and higher margin products. Income from operations was $9.123 million compared with $6.618 million for the same period last year. EBITDA was $11.473 million compared with $8.455 million for the same period last year. Adjusted EBITDA was $11.614 million compared with $10.551 million for the same period last year.

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