BPT 1.75% $2.32 beach energy limited

Another Oil Strike by Beach Petroleum

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    Drilling Report - Kenmore 27

    Document date: Tue 15 Oct 2002 Published: Tue 15 Oct 2002 17:23:51
    Document No: 134577 Document part: A
    Market Flag: Y
    Classification: Progress Report
    BEACH PETROLEUM NL 2002-10-15 ASX-SIGNAL-G

    HOMEX - Adelaide

    +++++++++++++++++++++++++
    Beach Petroleum advises that Kenmore-27 has reached total depth at
    1441 metres and will be completed as a Hutton oil producer.
    Completion operations are expected to take about 3 days, after which
    the rig will move to the Bodalla Sth-14 location.

    Kenmore-27 is the first of a two-well development drilling program at
    the Kenmore and Bodalla South Oilfields, to be followed by Bodalla
    South-14.

    Beach Petroleum holds 100% of the Kenmore and Bodalla South
    Oilfields.

    R Nelson
    MANAGING DIRECTOR
 
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