director buying, page-6

re: oru-1 update p&a Hmmmmm! SALTY

Wellington, New Zealand - November 11, 2005 --/PRNewswire/-- Austral Pacific
Energy Ltd. (TSXV and NZSX: APX; AMEX : AEN)

Oru-1 Exploration Well (Austral 52.9%, operator)

Austral advises that following evaluation of electric logs, the joint venture
parties have decided to plug and abandon the Oru-1 well. The well was
essentially in accord with pre-drill prognosis, but although there were some
hydrocarbon shows during drilling there was no reservoir development at the
target objective.