American Stock Exchange Approves Listing of Austral Pacific Energy

Austral Pacific Energy Ltd. has received approval from the American Stock Exchange (the 'Exchange' or 'Amex') to list its shares of common stock on the Exchange under the ticker symbol 'AEN.'

The Company expects to begin trading on or before April 18, 2005. The Exchange's approval is contingent upon the Company's being in compliance with all applicable listing standards on the date it begins trading on the Amex. David Newman, Chairman, commented, "Being listed on the American Stock Exchange adds to our already exciting story which should improve liquidity for shareholders and also broadens our exposure to the investment community."

Austral is an oil and gas exploration and production company with projects in New Zealand and Papua New Guinea. It is active in 20 permits and is the operator of 14 of them for itself and its joint venture partners.

Austral is currently producing oil from a production testing program in the Cheal field located in New Zealand's prolific Taranaki basin. Flow testing is also anticipated soon from the recently drilled Cardiff property, a deep gas prospect, also in the Taranaki area.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback