MIAMI, March 8, 2013 /PRNewswire/ -- Alaska Pacific
Energy Corp. (OTCPINK: ASKE) announced yesterday that it has
expanded the focus of examining their funding options to include
Project Funding. The Company has previously announced that it
intended on funding their upcoming oil projects by offering
restricted shares of common stock. Since the company's recently
announced commitment to exhaust all efforts to once again become a
reporting company, the company has been offered various additional
funding options. Company President Dominick
Falso is currently examining Project Funding.
Project Funding includes the lender as an equity partner on a
specific project rather than in the company. Mr. Falso said, "This
would help preserve the common stock value, rather than having
large blocks of stock out there...even though the stock can not be
traded for at least one year from issuance, one year will pass soon
enough. One of the problems that I see in the past of our company
is the dilution of the common stock that occurred. We are committed
to not letting history repeat..."
In spite of the fact that the company is actively investigating
opportunities in several areas, Mr. Falso sees the Eagle Ford Shale
projects as being at the top of the list. "You have Eagle Ford
Shale and then you have conventional drilling projects," said Mr.
Falso. "They (Eagle Ford Shale Wells) are typically a lot more
expensive...in every way...lease acquisition, drilling,
completion...but they also typically are well worth the cost. As
long as oil stays above sixty five
dollars per barrel, we should be able to make a go of it.
Funding of the projects has been no small issue, of course...but
now we are talking to people that appear to be willing to fund
based on the strength of the deal...so we are busy looking for the
best deal...the best value."
Safe Harbor Statement: This release includes "forward-looking
statements" within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934 that are based upon assumptions that in the future may
prove not to have been accurate and are subject to significant
risks and uncertainties, including statements as to the future
performance of the company and the risks and uncertainties detailed
from time to time in reports filed by the company with the
Securities and Exchange Commission. Although the company believes
that the expectations reflected in its forward-looking statements
are reasonable, it can give no assurance that such expectations or
any of its forward-looking statements will prove to be correct.
Factors that could cause results to differ include, but are not
limited to, the company's ability to raise necessary financing,
retention of key personnel, timely delivery of inventory from the
company's contract manufacturers, timely product development,
product acceptance, and the impact of competitive services and
products, in addition to general economic risks and
uncertainties.
CONTACT: Alaska Pacific Energy Corp.
Dominick Falso, President (954)
793-0657
www.alaskapacificenergy.com (web site under revision; not
totally up to date.)
info@Alaskapacificenergy.com
SOURCE Alaska Pacific Energy Corp.