is report due today, page-61

Here is a summary:

Sydney - Tuesday - February 24: (RWE Australian Business News) -
Beach Petroleum Ltd (ASX:BPT) lifted net profit 117pc to a record
$127.51m in the six months ended December 31 from $58.77m for the first
half last year.
Directors said that by excluding the gains from commodity
hedging and write-off adjustments from the latest result, the strength
of Beach's normalised profit was further highlighted - up 142pc to $52m.
Revenues rose 41pc to a record $480.46m from $339.96m while
higher oil and gas sales of 5.5m barrels of oil-equivalent (mmboe) and
surging production of 5.0 mmboe were also first-half records.
Basic earnings per share rose 87pc to 12.37c from 6.62c.
Interim dividend is a steady, unfranked 0.75c, payable by late
April to shareholders registered March 31.
Beach has established a dividend reinvestment plan.
"Our board has decided to maintain the interim dividend at last
year's level, despite the tougher operating conditions and much
conjecture surrounding the payment of dividends by companies in the
current market," chairman Mr Bob Kennedy said today.

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Mr Kennedy said while the current global economic uncertainty
did not look like subsiding quickly, the directors believed the company
was in an excellent position to withstand some of the issues facing the
Australian economy and the petroleum industry generally.
"With assets that generate good cashflow and a sound balance
sheet, Beach is in a position to look for opportunities that may come to
light in the current environment, while continuing to exploit the
exploration opportunities within the company's current suite of assets,"
he said.
"Beach will continue to do what it is good at; finding and
developing oil and gas projects, while at the same time continuing to
manage the business with sound judgement and conservatism, and striving
to maintain the strong position the company currently enjoys,
particularly in these uncertain times.
"Our board strongly believes that the current low oil price
environment is a temporary one and that the mid to long term will see a
return to higher oil prices," Mr Kennedy said.