BPT 3.15% $1.23 beach energy limited

3 very good reports from beach, page-2

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    Second Quarter Activities Report

    Document date: Thu 30 Jan 2003 Published: Thu 30 Jan 2003 09:46:20
    Document No: 135622 Document part: B
    Market Flag: Y
    Classification: Second Quarter Activities Report
    BEACH PETROLEUM LIMITED 2003-01-30 ASX-SIGNAL-G

    HOMEX - Adelaide

    +++++++++++++++++++++++++
    Beach Petroleum Limited ("Beach") is pleased to report on December
    Quarter 2002 activities as follows:

    SIGNIFICANT EVENTS

    * Commencement of oil production from Sellicks-1 in the South
    Australian Cooper Basin.

    * Successful oil development wells drilled at, and commencement of
    production from, Bodalla South-14, Kenmore-27 and Acrasia-3.

    * Quarterly production rate increased to 2,571 barrels of oil
    equivalent per day.

    * Drilling success rate of 75% from the 8 wells drilled in the period
    July-December 2002.

    * Drilling scheduled to recommence in the second quarter of 2003,
    with up to 12 wells planned.

    * Native Title Agreements signed for block CO2000-C in the South
    Australian Cooper Basin.


 
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