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Last A$0.04 AUD
Change Today -0.002 / -5.00%
Volume 6.4M
As of 11:58 PM 07/27/15 All times are local (Market data is delayed by at least 15 minutes).

eneabba gas ltd (ENB) Snapshot

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04/9/15 - A$0.05
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09/12/14 - A$0.01
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eneabba gas ltd (ENB) Details

Eneabba Gas Limited focuses on the energy and resource projects in Western Australia. It operates through three segments: Energy and Electricity Generation, Petroleum Exploration, and Mineral Exploration. The company primarily focuses on the construction and operation of a 168 megawatt gas-fired Centauri 1 power station near Dongara, Western Australia. It also owns the Sargon coal project located in the mid-west of Western Australia. The company was founded in 2003 and is headquartered in West Perth, Australia.

Founded in 2003

eneabba gas ltd (ENB) Top Compensated Officers

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Executives, Board Directors

eneabba gas ltd (ENB) Key Developments

Eneabba Gas Ltd. Appoints Garry Marsden as Non-Executive Chairman

Eneabba Gas Ltd. announced the appointment of Mr. Garry Marsden as non-executive Chairman of Eneabba Gas Limited. Garry is a petroleum geologist by training and has held positions with Pancontinental Petroleum, Bankers Trust, Oil Search and most recently AWE Limited where he held the positions of Corporate Development Manager and Business Development Manager over a ten year period. Garry has an intricate knowledge of the Perth Basin and its' potential. He has strong relationships with many of the companies operating in the basin and brings a sound level a strategic planning and fiscal discipline to the board of Eneabba.

Eneabba Gas Limited Reports Consolidated Earnings Results for the Half Year Ended December 31, 2014

Eneabba Gas Limited reported consolidated earnings results for the half year ended December 31, 2014. For the period, the company reported total revenue of AUD 38,383 against AUD 41,507 for the same period in the last year. Loss before income tax expense was AUD 176,960 against AUD 114,337 for the same period in the last year. Net loss was AUD 176,960 against AUD 51,067 for the same period in the last year. Loss per basic and dilute share was 0.10 cents against 0.03 cents for the same period in the last year. Net cash used in operating activities was AUD 157,002 against AUD 119,649 for the same period in the last year. Payments for exploration expenditure were AUD 16,399 against AUD 45,593 for the same period in the last year. Payments for Ocean Hill non-refundable deposit were AUD 30,000 for the half year ended December 31, 2014. The net loss is due to the evaluation of power and energy projects, due diligence and acquisition costs related to the Ocean Hill Gas Project, as well as power plant feasibility costs and administration costs relating to an ASX listed entity. Revenues dropped in the current period due to lower interest income.

Eneabba farms out Ocean Hill gas project to Finder

Eneabba Gas Ltd. has signed a farm-in agreement with Finder No 6 Pty Ltd. covering the Ocean Hill Block (STP EPA 0090) located in the North Perth Basin, Western Australia. Subject to the satisfaction of several conditions precedent as to native title, permit award and funding, Finder has agreed to fund a two-stage work program totaling up to $15 million to earn an 85% interest in the Ocean Hill Project. In addition Eneabba is required to vary the conditions of the permit award to match the agreed work program. The planned first stage of the project is the drilling of an offset exploration well to Ocean Hill #1 that was drilled in 1991 and subsequent evaluation and testing in the first year of the permit. The second-stage work program includes the acquisition of a 250 sq km 3D seismic survey in year two of the permit.


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