The company said that it will apply to have the 44.8 million bonus options traded on the ASX from about late November this year. The bonus options were not due to trade on the ASX until at least June next year.

As part of the company's successful mid-year capital reconstruction, the options were issued to Beach shareholders in July this year on the basis of one bonus option for every four new shares held.

"It had been our intention that the bonus options remain unlisted for approximately 12 months after the reconstruction," said Beach Petroleum's managing director, Reg Nelson.

"However, the board successfully applied for a waiver from that original intention, and a listing this year, after a repeated number of requests since June from investors and the share broking community seeking to see these options traded.

"The listing of the bonus options - which we expect to take place within two months - will give investors the opportunity to trade in them as well as assigning them an actual market value."