HomeInfratil News2006Infratil Acquires Further Interest in Austral Pacific

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Infratil Acquires Further Interest in Austral Pacific

22 Nov 2006

Infratil Gas Limited of 97 The Terrace, Wellington, New Zealand (Infratil) announces that it has acquired, as of the 20th day of November 2006, 2,307,700 common shares in the capital of Austral Pacific Energy Limited (APX) as part of a private placement by APX at a price of US$1.30 per share for a total cash consideration of US $2,999,100.

As a result of this acquisition, Infratil owns an aggregate
of 4,964,100 common shares, which represent approximately a 17.88% interest in APX.

The securities were purchased for investment purposes only and Infratil has no intention of acquiring further securities in APX.

This press release is being issued pursuant to section 111 of the Securities Act (British Columbia) and corresponding legislation in other provinces.


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