🕐24.09.09 - 05:47 Uhr

Eneabba Gas maiden JORC Statement for first Sargon Tenament - Confirms Coal Resource over 160Mt



ENEABBA GAS LIMITED: ASX / MEDIA RELEASE 24 September 2009 Eneabba Gas maiden JORC Statement for first Sargon Tenament - Confirms Coal Resource over 160Mt - Significant energy potential for Western Australia Australian energy company Eneabba Gas Limited (ASX: ENB) ("EGL") has now received the first detailed resource statement from its coal tenements in the Perth Basin in Western Australia which confirm the presence of a significant coal resource with considerable energy potential. The Report from leading independent consultants Xenith Consulting Pty Ltd is the third in the series.

The first was 5 August 2009, which delineated the initial "sweet spot" in tenement E 70 / 2758.

On 19 August 2009 the second Report covered the whole of the Sargon Tenements and reported "The large size of the overall Sargon group tenements when combined with the encouraging exploration results from tenement E 70 / 2758 suggest that the Mid West area could host a number of coal mineralisation targets suitable for Underground Coal Gasification ("UCG") technology." This third JORC Stage I report, now gives the overall report under the classified JORC compliant coal resources which has the two elements, Indicated and Inferred : Total Ytd Inferred Million Tonnes MJ /kg PJ insitu 128 16 2,036 PJ Total Ytd Indicated Million Tonnes MJ / kg PJ insitu 33 16 524 PJ TOTAL 161 2,561 PJ
Due to the nature of coal, all data includes the total potential energy as PJ in this part of the Sargon tenements.

As indicated in the attached Xenith report, the Sargon coal has an average insitu energy content of 16 MJ/Kg (arb), and an average ash content of 20% (arb) and appears consistent throughout the tenement.

As per the second paragraph, this initial area may well, as reported by Xenith, be one of many such areas across the Sargon tenements. Exploration within the Sargon target area for this year is due to be completed within a week or so and as such the final data, including laboratory analysis and reports will take time to be completed.

This final JORC Resource report is likely to be available in late October 2009. To place this JORC compliant resource in perspective the publicly announced details of the Gorgon Project under the Barrow Island Act (WA) 2003 "State Agreement", reserves 2,000 PJ total, for the Domgas market over the whole life of the Gorgon Project. Insitu coal in various operations within Australia and overseas, suitable for UCG, have yielded a potential range of recoverable energy of some 50.0% - 58.0 % plus.

Eneabba Gas Limited is the only Company in the Mid West of Western Australia that has capability with all its regulatory approvals and project in place with the following infrastructure surrounding this significant potential energy resource: Main Highway Brand Highway & Midlands Highway as our property boundaries Gas Dampier Bunbury Natural Gas Pipeline access as the Parmelia pipeline runs through freehold land of ENB Rail 250 metres from our property boundary Power within 18 kms of the 132 kV line Port Geraldton port 65 kms, proposed Oakajee deep water port 85 kms Eneabba Gas is focused on the development of the 168MW gas-fired Centauri 1 Power Station on Company-owned land near Dongara in the Mid West of Western Australia.

Eneabba Gas proposes to market power from Centauri 1 to the fast growing Mid West region of Western Australia.

(to view ASX Announcement on Centauri 1 Power Station use this link: http://esp.gewru.com/download/files/12414/789567/Eneabba%20leads%20the%20pack%20in%20bid%20to%20provide%20___clean___%20energy%20to%20W.pdf )
End To view this release online use this link: http://esp.gewru.com/download/files/12414/936899/20090924%20-%20Maiden%20JORC%20Complient%20Statement%20for%20one%20of%2010%20%20Sargon.pdf
Mark Babidge Managing Director (08) 9321 0099 For further information please contact David Tasker, Group Director, Investor Relations PPR Tel (08) 9388 0944 Mob 0433 112 936 P.O.

Box 772 West Perth, Western Australia 6872 Phone: +618 9321 0099 Fax: +618 9321 0299 www.eneabbagas.com.au ABN 69 107 385 884 This message has been sent to you as a subscriber of the PPR mail service. If you no longer wish to be a part of the service, please email with the word "REMOVE" in the Subject line.
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