Replies to post #11501 on Alaska Pacific Energy Corp (ASKE)

[$treet $inatra]

*ASKE* to Purchase Eagle Ford Shale Drill Site.in.McMullen.County-Texas$$$$$$$$

http://www.bloomberg.com/article/2013-04-16/aENPDxL4x7NU.html

MIAMI, April 16, 2013 /PRNewswire/ -- Alaska Pacific Energy Corp. (OTC PINK:
ASKE) announced yesterday morning that it has issued a letter of intent to
purchase 100% of the mineral rights on 40 acres in McMullen County Texas. The
closing of the transaction is contingent upon final due diligence which is
occurring now. The value of the purchase is found in the Eagle Ford Shale
Payzone in addition to the fact that the transaction would give the Company
100% of the Oil and Gas Rights to all depths on the property. The proposed
transaction is subject to a lease of a 77% working interest to a substantial
oil company that has made several wells in the area. If this 'other' company
does not drill on the property by the end of the year, they lose the lease and
the Company (Alaska Pacific) can then either re-lease the working interest to
another oil company or the Company could drill the wells for themselves.

Either way the company is in a position to earn substantial revenues and
profits from the property. If the Company simply retains the Overriding
Royalty of 23%, the Company would not be required to burden any of the
drilling, completion or any other development costs. If the Company develops
the property itself it would be responsible for the burden of the costs of the
development but it would receive 100% of the royalties from any production on
the property.

"As I have mentioned before, we have funders that are willing to get involved
with deals for a piece of the deal, contingent upon the merits of the deal."
Said Alaska Pacific Energy Corp. CEO Dominick Falso. "And this deal looks
outstanding. Keep in mind that we have not received our final geology or due
diligence docs yet but several large players have been drilling and completing
wells all around us. I do not want to give any specifics until we tie the deal
up but this one acquisition could produce hundreds of thousands of dollars per
month in revenues in exchange for an investment of less than half a million
dollars...We will release a little more information later in the week…I am
very excited."

The Company has also been looking at other oil and gas opportunities both in
Texas and other states and hopes to be making offers on at least two
additional opportunities in the near future.

CONTACT: Alaska Pacific Energy Corp.

Dominick Falso, President [phone]

http://www.alaskapacificenergy.com (web site under revision; not totally up to date.)

[e-mail]

SOURCE Alaska Pacific Energy Corp.

Website: http://www.alaskapacificenergy.com