Eneabba is a publicly listed energy company (ASX:ENB) with a portfolio of energy projects located in the North Perth Basin. The Company was listed successfully on the Australian Stock Exchange (ASX code: ENB) on 28 April, 2006.
Gas Exploration / Development
Eneabba focused strategy is the cost effective development of onshore gas projects in the Perth Basin.
Eneabba’s Perth basin gas assets comprise the Ocean Hill Gas Project (under farm-out arrangement with Finder Exploration) and Exploration Permit 447 (50% interest).
Why focus on the Perth Basin?
- Underexplored – the Perth Basin has seen just over 360 wells drilled targeting hydrocarbons since the first well was drilled in 1959. In comparison , the Haynesville Shale in the US that covers 25% less acres than the Perth Basin has seen over 2,250 completed wells in the last eight years. The Perth Basin offers large targets in a proven and underexplored hydrocarbon basin.
- Rising domestic gas prices
-Location of significant established infrastructure, including the Dampier-to-Bunbury-Gas-Pipeline which traverses both the Ocean Hill Project and EP-447
-Proximity to end user markets
-Historical and recent significant exploration success
Power Station - Centauri-1 Project
Eneabba owns a large sized block of freehold land, located approximately 8km east of Dongara, which has all the necessary approvals to construct and operate the proposed 168MW Centauri-1 Power Station, including environmental approval and a power generation licence.
The power station site is surrounded by infrastructure; a main highway on one boundary, high speed fibre optic cable, power, rail and a natural gas pipeline (APA’s Parmelia line) which runs through the property. AWE’s significant ‘Senecio’ gas discovery is located on the neighbouring property.
The Company is considering development options including searching for a funding partner.