UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

~~Washington~~WASHINGTON, D.C. 20549

________________________

FORM 8-K

CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d)

~~Pursuant~~OF toTHE ~~Section~~SECURITIES 13EXCHANGE orACT ~~15(d)~~OF ~~of the Securities Exchange Act of~~ 1934

September 18, 2010

Date of Report (Date of earliest event reported)

~~August~~Commission ~~31,~~File ~~2010~~Number: 005-85380

~~ALASKA~~Alaska ~~PACIFIC~~Pacific ~~ENERGY~~Energy ~~CORP~~Corp.

(Exact name of registrant as specified in its charter)

NEVADA

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

~~(State~~Unit or625, ~~other~~2005 ~~jurisdiction~~Costa ofDel ~~incorporation)~~Mar Road, Carlsbad CA, 92009

~~000-53607~~ (Address of Principal Executive Offices) (Zip Code)

~~(Commission File No.)~~604-274-1565

~~2005~~(Registrant’s ~~Costa~~telephone ~~Del Mar Road~~number, ~~Carlsbad~~including ~~CA,~~area ~~92009~~code)

~~(Address~~Securities ofregistered ~~principal~~pursuant ~~executive~~to ~~offices~~Section ~~and~~12(b) ~~Zip~~of ~~Code)~~the Act:

~~(604)~~Title ~~274-1565~~of each class: Common

~~(Registrant’s~~Name ~~telephone~~of ~~number,~~each ~~including~~exchange ~~area~~on ~~code)~~which registered: OTC Bulletin Board

~~Check~~Securities ~~the~~registered ~~appropriate~~pursuant ~~box below if the Form 8-K filing is intended~~ to ~~simultaneously~~section ~~satisfy~~12(g) ~~the filing obligation~~ of the ~~registrant under any of the following provisions (see General Instruction A.2. below)~~Act:

~~Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)~~Common

~~Soliciting material pursuant to Rule 14a-12 under the Exchange Act~~ (17Title ~~CFR~~of ~~240. 14a-12~~class)

~~Pre~~Check the appropriate box below; if the Form 8-~~commencement~~K ~~communications~~is ~~pursuant~~intended to ~~Rule~~simultaneously ~~14d-2(b)~~satisfy ~~under~~the filing obligation of the ~~Exchange~~registrant ~~Act~~under ~~(17~~any ~~CFR~~of ~~240.14d-2(b)~~the following provisions:

~~Pre-commencement~~[ ] Written communications pursuant to Rule ~~13e-4(c)~~425 under the ~~Exchange~~Securities Act (17 CFR ~~240~~230.~~13e-4(c~~425)).

~~ITEM~~[ ] ~~4.01 CHANGES~~Soliciting INmaterial ~~REGISTRANT’S~~pursuant ~~CERTIFYING~~to ~~ACCOUNTANT~~Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12).

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

On[ ] ~~August~~Pre ~~29,~~commencement ~~2010,~~communication ~~Chisholm~~pursuant ~~Bierwolf~~to ~~Nilson~~Rule &13e-4(c) ~~Morrill,~~under ~~LLC~~the ~~resigned~~Exchange asAct ~~Alaska~~(17 ~~Pacific~~CFR ~~Energy Corp’s~~ 240.13e-4(~~the “Company”~~c) ~~independent registered public accounting firm~~).

~~The~~AVAILABLE reports of Chisholm Bierwolf Nilson & Morrill, LLC regarding the financial statements of the Company as of and for the years ended January 31, 2010 and January 31, 2009 do not contain an adverse opinion or disclaimer of opinion, nor are they qualified or modified as to uncertainty, audit scope, or accounting principles.INFORMATION

~~During~~Alaska ~~the~~Pacific ~~years~~Energy ~~ended~~Corp. ~~January~~files 31annual, ~~2009~~quarterly and ~~January~~current 31reports, ~~2010~~proxy ~~and continuing through August 29~~statements, ~~2010,~~and ~~there~~other ~~were~~information ~~no disagreements~~ with ~~Chisholm~~the ~~Bierwolf~~Securities ~~Nilson~~and &Exchange ~~Morrill,~~Commission ~~LLC~~(the ~~regarding~~"SEC"). You ~~any~~may ~~matter~~read ofand ~~accounting~~copy ~~principles~~documents orreferred ~~practices,~~to ~~financial~~in ~~statement~~this ~~disclosure,~~Report oron ~~auditing~~Form ~~scope~~8-K orthat ~~procedure,~~have ~~which~~been ~~disagreements,~~filed ifwith ~~not~~the ~~resolved~~SEC toat the ~~satisfaction~~SEC's ofPublic ~~Chisholm~~Reference ~~Bierwolf~~Room, ~~Nilson~~450 &Fifth ~~Morrill~~Street, ~~LLC~~N.W., ~~would have caused Chisholm Bierwolf Nilson & Morrill~~Washington, ~~LLC~~D.C. You tomay ~~make~~obtain ~~reference~~information toon the ~~subject~~operation ~~matter~~ of ~~any~~the ~~such~~Public ~~disagreement~~Reference inRoom ~~its~~by ~~reports~~calling ~~regarding~~ the ~~Company’s~~SEC ~~financial~~at ~~statements for such periods~~1-800-SEC-0330. You ~~During~~can ~~the~~also ~~fiscal~~obtain ~~years~~copies ~~ended~~of ~~January~~our ~~31,~~SEC ~~2009~~filings ~~and~~by ~~January~~going ~~31,~~to ~~2010,~~the ~~there~~SEC's ~~were~~website noat ~~reportable events as defined in Item 304 (a)(1)(v) of Regulation S-K~~http://www.sec.gov.

~~The~~Item ~~Company~~1.01 ~~has~~Entry ~~requested~~into ~~that Chisholm Bierwolf Nilson & Morrill, LLC furnish it with~~ a ~~letter~~Material ~~addressed~~Definitive ~~to the Securities and Exchange Commission stating whether or not it agrees with the above statements~~Agreement. ~~A copy of such letter is filed herewith as Exhibit 16.1.~~

On March 18, 2010, Alaska Pacific Energy Corp. (bthe “Company”) ~~New~~entered ~~Independent~~into ~~Accountants~~an Oil Sands Licensing Agreement with 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 the Company received 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 (the License Agreement”) 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 issued 15,000,000 restricted common shares to Entec.

OnAdditionally, ~~August~~on 29June 8, 2010, ~~upon~~the Company entered into a purchase agreement to acquire all the ~~authorization~~outstanding shares and ~~approval~~assets of ~~its~~Entec ~~Board~~(the “Purchase Agreement”. According to the terms of ~~Directors~~that agreement, the Company ~~engaged~~was ~~Chang~~to ~~Lee~~pay ~~LLP~~$7,000,000 and ~~(“Chang”)~~issue asa ~~its~~total ~~independent~~of ~~registered~~12,000,000 ~~public~~restricted ~~accounting~~common ~~firm~~shares to the Entec shareholders and raise $5,000,000 dollars for working capital. The Purchase Agreement is subject to a full due diligence review of Entec. The acquisition was expected to close on or before August 31, 2010. However, the due diligence process has taken longer than expected, and the Company has been granted an extension to October 31, 2010.

NoIn ~~consultations~~addition ~~occurred~~to ~~among~~the extension, the Company and ~~Chang~~Entec ~~during~~have ~~the~~signed ~~years~~an ~~ended~~Amended ~~January~~And ~~31,~~Restated ~~2010~~Share ~~and~~Purchase ~~January~~And ~~31,~~Sale ~~2009~~Agreement ~~and~~(the ~~continuing~~“Amended ~~through~~Agreement”) ~~August~~(Attached ~~29,~~hereto ~~2010,~~as ~~regarding~~Exhibit ~~either (i~~10.9). ~~the~~Pursuant ~~application of accounting principles~~ to athe ~~specific~~terms ~~completed~~of orthe ~~contemplated~~Amended ~~transaction~~Agreement, ~~the~~Entec ~~type~~and ofthe ~~audit~~Company ~~opinion~~have ~~that~~agreed ~~might~~to becancel ~~rendered~~the ~~regarding~~15,000,000 ~~the~~restricted ~~Company’s~~common ~~financial~~shares ~~statements,~~issued orto ~~other~~Entec ~~information~~as ~~provided~~part ~~that~~of ~~was~~the anMarch ~~important~~18, ~~factor~~2010 ~~considered~~License byAgreement and the Company inwill ~~reaching~~to aissue ~~decision~~Entec asa toconvertible andebenture ~~accounting,~~comprised ~~auditing,~~of or27 ~~financial~~million ~~reporting issue~~shares, orwhich ~~(ii)~~include ~~any~~15 ~~matter~~million ~~that~~shares ~~was either subject~~ of ~~disagreement~~the asCompany's ~~defined~~common instock ~~Item~~that ~~304(a)(1)(iv)~~were ofpreviously ~~Regulation~~issued ~~S-K~~to ~~and~~Entec under the ~~related~~License ~~instructions~~Agreement orand athe ~~reportable~~12 ~~event~~million ~~requiring~~shares ~~disclosure~~that ~~pursuant~~were to ~~Item~~be ~~304(a)(1)(iv)~~issued ofunder ~~Regulation~~the ~~S-K~~Purchase Agreement .

~~Chang~~Grant ~~currently~~Jameson, isa inresident of Calgary Alberta, is the ~~process~~President and CEO of ~~completing~~Entec ~~its~~. ~~formal~~At ~~client~~the ~~acceptance~~closing, ~~procedures~~Mr. ~~and~~Jameson, ~~has~~will ~~accepted~~be ~~the~~appointed ~~engagement~~a asdirector ~~the~~of APEC. The Company’s ~~independent~~has ~~registered~~also ~~public~~incorporated ~~accounting~~a ~~firm~~wholly asowned subsidiary, Alaska Pacific Energy (Canada) Ltd., based in Calgary Alberta. Mr. Jameson has been appointed CEO of the ~~date~~subsidiary ofin ~~filing~~order ~~this~~to ~~Form~~assist ~~8-K~~with the transition and maintain continuity.

2Item 9.01 Financial Statements and Exhibits.

~~ITEM~~Exhibit 10.9 Amended and Restated Share Purchase and Sale Agreement between Alaska Pacific Energy Corp.~~01 FINANCIAL~~ ~~STATEMENTS~~and ~~AND~~Engineering ~~EXHIBITS~~Technology, Inc., dated September 18, 2010

~~The following exhibit is included as part of this report:~~SIGNATURES

~~Exhibit~~ 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.

~~No. Description~~Dated: September 22, 2010

~~16.1 Letter~~ALASKA ~~from~~PACIFIC ~~Chisholm~~ENERGY ~~Bierwolf Nilson & Morrill, LLC to the Securities and Exchange Commission~~CORP.

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

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

Alaska Pacific Energy Corp.

Signature Date

By: /s/ James R. King August 31, 2010

Name: James R. King

Title: President, Chief Executive Officer, Director

Filing Compare · Alaska Pacific Energy Corp