UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 20-F/A



ANNUAL REPORT PURSUANT TO
SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934



For the Year ended
December 31, 2001



Commission File No.:
0 29344



INDO PACIFIC ENERGY
LTD.

(Exact name of Registrant as specified in its charter)



Yukon Territory, Canada

(Jurisdiction of incorporation or organization)



284 Karori Road, Karori

Wellington

New Zealand, 6003

(Address of principal executive offices)



Securities registered
pursuant to Section 12(b) of the Act:



None



Securities registered
pursuant to Section 12(g) of the Act:



(Title of class)

Common Shares



Securities for which there
is a reporting obligation pursuant to Section 15(d) of the Act.



None



Indicate the number
of outstanding shares of each of the Registrant’s classes of
capital or common stock as of close of the period covered by the
annual report:



6,489,324 Common Shares



Indicate by check
mark whether the Registrant: (1) has filed all reports required to be
filed by Section 13 or 15(d) of the Securities Exchange Act of 1934
during the preceding 12 months (or for such shorter period that the
Registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days:



Yes 	X
		No



Indicate by check
mark which financial statement item the registrant has elected to
follow.



Item 17 	X	Item
	18





Explanatory Note



This Form 20-F/A has been filed to
	include the predecessor audit reports for the fiscal years ending
	December 31, 1999 and 2000.



This 20-F/A consists of a cover
	page, this explanatory note, the above described audit reports and
	the signature page.



Other than as expressly set forth
	above, this Form 20-F/A does not, and does not purport to, update,
	or restate the information in any Item of the Form 20-F or reflect
	any events that have occurred after the Form 20-F was filed.



ITEM 19	EXHIBITS



Audit reports for December 31, 1999
	and 2000.



This is the form
	required under section 139 of the Securities Regulation and,
	if applicable, by an order issued under section 76 of the Securities
	Act.





The undersigned hereby certifies
	that the statements made in this report are true and correct.



SIGNATURE



DATED at Wellington, New
	Zealand this 20 June 2003.





INDO-PACIFIC ENERGY
								LTD.	.

Name of Issuer







Signature of authorized signatory



Jeanette Watson, Company
								Secretary

Name and office of authorized signatory







EXHIBIT
	99.1

AUDITORS' REPORT







To the
	Shareholders of Indo-Pacific Energy Ltd.



We have
	audited the accompanying consolidated balance sheets of Indo-Pacific
	Energy Ltd. as of December 31, 2000 and 1999 and the related
	consolidated statements of operations and deficit, changes in
	stockholders’ equity and cash flows for each of the years in
	the three year period ended December 31, 2000.  These financial
	statements are the responsibility of the Company's management.  Our
	responsibility is to express an opinion on these financial
	statements based on our audits.



We conducted
	our audits in accordance with generally accepted auditing standards
	in Canada and the United States. Those standards require that we
	plan and perform the audit to obtain reasonable assurance whether
	the financial statements are free of material misstatement.  An
	audit includes examining, on a test basis, evidence supporting the
	amounts and disclosures in the financial statements.  An audit also
	includes assessing the accounting principles used and significant
	estimates made by management, as well as evaluating the overall
	financial statement presentation.  We believe that our audits
	provide a reasonable basis for our opinion.



In our
opinion, these consolidated financial statements referred to above
present fairly, in all material respects, the financial position of
Indo-Pacific Energy Ltd. as of December 31, 2000 and 1999 and the
results of their operations and cash flows for each of the years in
the three year period ended December 31, 2000, in conformity with
generally accepted accounting principles in Canada.



The accompanying financial
	statements have been prepared assuming the Company will continue as
	a going concern.  As discussed in Note 1 to the financial
	statements, there is substantial doubt regarding the ability of the
	Company to continue to meet all of its future commitments.
	Management’s plans in regard to these matters are also
	described in Note 1.  The financial statements do not include any
	adjustments that might result from the outcome of this uncertainty.







SADOVNICK
	TELFORD + SKOV



CHARTERED
	ACCOUNTANTS



Vancouver,
	British Columbia

Canada

March 23, 2001