re:half yearly report

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    Half Yearly Report

    Document date: Tue 18 Mar 2003 Published: Tue 18 Mar 2003 13:30:44
    Document No: 136101 Document part: A
    Market Flag: Y
    Classification: Half Yearly Report
    KALREZ ENERGY LIMITED 2003-03-18 ASX-SIGNAL-G

    HOMEX - Adelaide

    +++++++++++++++++++++++++
    APPENDIX 4B
    HALF YEARLY REPORT

    Name of entity
    Kalrez Energy Limited

    ACN, ARBN, ABN or ARSN Half Preliminary Half Year ended
    yearly final ('current period')
    (tick) (tick)
    51 000 753 640 X 31/12/2002


    FOR ANNOUNCEMENT TO THE MARKET AUD000
    Extracts from this report for announcement to the market (see note 1).

    Revenues from ordinary activities
    (item 1.1) up 48% to 6,760

    Profit (loss) from ordinary activities
    after tax attributable to members
    (item 1.22) up 190% to (941)

    Profit (loss) from extraordinary items
    after tax attributable to members
    (item 2.5(d)) gain 1

    Net profit (loss) for the period
    attributable to members
    (item 1.11) up 170% to (940)


    DIVIDENDS (DISTRIBUTIONS) AMOUNT PER SECURITY FRANKED AMOUNT
    (cents) PER SECURITY
    (cents)
    Final dividend (Preliminary final report
    only - item 15.4)
    Interim dividend (Half yearly report
    only - item 15.6) Nil Nil

    Previous corresponding period (Preliminary
    final report - item 15.5; half yearly
    report - item 15.7) Nil Nil

    Record date for determining entitlements to the
    dividend, (in the case of a trust, distribution)
    (see item 15.2) -

    Brief explanation of any of the figures reported above (see Note 1)
    and short details of any bonus or cash issue or other item(s) of
    importance not previously released to the market:

    -


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