UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

~~March~~June 188, 2010

Date of Report (Date of earliest event reported)

Commission File Number: 005-85380

Alaska Pacific Energy Corp.

(Exact name of registrant as specified in its charter)

Nevada	10949905	20-4523691
(State or other jurisdiction of incorporation or organization)	(Primary Standard Industrial Classification Code Number)	(I.R.S. Employer Identification No.)

Unit 625, 2005 Costa Del Mar Road, Carlsbad CA, 92009

(Address of Principal Executive Offices) (Zip Code)

604-274-1565

(Registrant’s telephone number, including area code)

~~Item~~Securities ~~1.01~~registered ~~Entry~~pursuant ~~Into~~to aSection ~~Material~~12(b) ~~Definitive~~of ~~Agreement.~~the Act:

OnTitle March 18, 2010, Alaska Pacific Energy Corp. (the “Company”) entered into an Oil Sands Licensing Agreement (the “Agreement”) with Engineering Technology, Inc. (“Entec”). Pursuant to the terms of ~~the~~each ~~Agreement~~class: (attached hereto as Exhibit 10.6), the Company shall receive a non-exclusive, non-transferable, non sub-licensable, royalty free, fully paid-up license to use Entec’s North American License rights to Entec’s Horizontal Directional Drilling Oilsands Recovery Solutions for any oil-sands recovery activities in which the Company is now or hereafter engaged. In exchange for this exclusive North American License, the Company will issue 15,000,000 restricted common shares to Entec.Common

~~Item~~Name ~~9.01~~of ~~Financial~~each ~~Statements~~exchange ~~and~~on ~~Exhibits.~~which registered: OTC Bulletin Board

~~Exhibit~~Securities ~~10.6 OilSands~~registered ~~Licensing~~pursuant ~~Agreement~~to ~~between~~section ~~Alaska~~12(g) ~~Pacific~~of ~~and~~the ~~Engineering Technology, Inc., dated March 18, 2010~~Act:

~~SIGNATURES~~Common

~~Pursuant~~ (Title ~~to the requirements~~ of ~~the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.~~class)

~~Dated:~~Check ~~March~~the ~~29,~~appropriate ~~2010~~box below; if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

~~ALASKA~~[ ] ~~PACIFIC~~Written ~~ENERGY~~communications ~~CORP~~pursuant to Rule 425 under the Securities Act (17 CFR 230.425).

~~By:~~[ ] ~~/s/~~Soliciting ~~James~~material R.pursuant ~~King James~~to R.Rule ~~King President,~~14a-12 ~~Chief~~under ~~Executive~~the ~~Officer~~Exchange ~~and~~Act ~~Director~~(17 CFR 240.14a-12).

[ ] Pre commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)).

[ ] Pre commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)).

Item 1.01 Entry into a Material Definitive Agreement.

On June 8, 2010, Alaska Pacific Energy Corp. (the “Company”) entered into a purchase agreement to acquire all the outstanding shares and assets of Engineering Technology Inc (“Entec”) a Calgary Alberta based, private company. Entec is an international provider of Horizontal Directional Drilling (HDD) engineering and technology development to the oil and gas industry. Pursuant to the terms of the Agreement (attached hereto as Exhibit 10.7), the Company will pay $7,000,000 and issue a total of 12,000,000 restricted common shares to the Entec shareholders at a deemed price of $0.25 per share. Additionally, APEC will have to raise $5,000,000 dollars for working capital.

The agreement is subject to a full due diligence review of Entec. Completion of the due diligence and the closing is expected by no later than August 31, 2010.

Grant Jameson, a resident of Calgary Alberta, is the President and CEO of Entec . At the closing, Mr. Jameson, will be appointed a director of APEC. The Company has also incorporated a wholly owned subsidiary, Alaska Pacific Energy (Canada) Ltd., based in Calgary Alberta. Mr. Jameson has already been appointed CEO of the subsidiary in order to assist with the transition and maintain continuity.

The closing, when it takes place, will be reported, by the Company upon completion.

Item 9.01 Financial Statements and Exhibits.

Exhibit 10.7 Purchase Agreement between Alaska Pacific Energy Corp. and Engineering Technology, Inc., dated June 4, 2010

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: June 8, 2010

ALASKA PACIFIC ENERGY CORP.

By: /s/ James R. King
James R. King
President, Chief Executive Officer and Director

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