sydneybeach energy ltd said its secondquarter production of oil and natural gas fell by 8 and that it will soon outline capital management initiatives with the aim of making returns for shareholders more transparent beach said it produced 48 million barrels of oil equivalent in the three months through december down from 52 million boe in the prior quarter gas production was impacted by planned and unplanned plant downtime and lower customer nominations beach said in a regulatory filing the company also said five oil well connections in its western flank operations in the cooper basin have been pushed back to the second half of its fiscal year due to weather and supply chain challenges quarterly sales revenue totaled 408 million australian dollars us288 million up 1 on quarter and bringing halfyear revenue to a813 million beach is due to announce its halfyear result on february 13 beach intends to accompany the fy23 halfyear results with announcement of capital management initiatives which will aim to provide the basis for transparent returns to shareholders the company said