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?
-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
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.
CBM / UCG Development
Eneabba has defined a JORC inferred and indicated resource of 205Mt of coal on its ‘Sargon’ tenement, located in the North Perth Basin. The coal resource characteristics are ideal for Underground Coal Gasification (UCG) which is the process of burning coal underground and extracting the resultant gases. UCG has the potential to produce a synthesis gas (syngas) which could be used as a cheap feedstock in Eneabba’s Centauri-1 Power Station.