another soon to be u stock

Read the last sentence if the rest of the announcment isn't enough. No resistance above 40c as well ;)

Another PGM chart pattern in the making?


ASX Release 22 March 2007
ENEABBA RECEIVES ERA APPROVAL FOR NEW POWER STATION
Eneabba Gas Limited (EGL, ASX:ENB) today announced the receipt of final regulatory approval for its
168 MW Centauri 1 gas-fired power station 8km east of Dongara in Western Australia’s Mid-West.
The WA Government’s Economic Regulation Authority (ERA) has granted EGL a 30 year Generation
License for the construction and operation of Centauri 1, effective immediately.
ERA licensing is the final regulatory approval required by EGL prior to construction of Centauri 1.
Construction of Centauri 1 is on schedule to commence following finalisation of financing arrangements.
EGL Managing Director Mark Babidge said the approval for the new power station reinforces the
Company’s significant time advantage in meeting the growing infrastructure needs of the burgeoning Mid-
West region.
“Energy supply in the Mid-West has not kept pace with the growing demands from the region and EGL is
now well positioned to become a major supplier to a range of corporate, industrial and commercial
customers,” said Mr Babidge.
On completion of financing, EGL’s contracted suppliers GE Packaged Power and General Electric
International will commence advanced design, construction and commissioning of the plant.
Eneabba is currently considering a range of options for funding the development and will provide the
market with further updates as soon as they are available.
Mark Babidge John McGlue
Managing Director Porter Novelli
Eneabba Gas Limited (08) 9321 0099 (08) 9386 1233
About Eneabba Gas Limited
EGL is a new breed independent power group in WA’s newly de-regulated energy market, developing the
168MW Centauri 1 power station project near Dongara in the State’s Mid-West.
Construction of Centauri 1 is due to commence once financing is secured. The addition of this gas-fired
power delivered into the burgeoning Mid-West region is on track to meet the area’s growing energy
demands.
The Company has contracted GE Packaged Power and General Electric International as turnkey plant
suppliers for the project.
EGL is also pursuing a number of secondary projects, including coal seam methane and uranium targets
in the Company’s Mid-West tenements.