🕐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
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