3 very good reports from beach, page-2

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.