Under the ticker “ENB", the company first traded at 30c – well above the 20c offer price it was initially seeking.

On listing, Eneabba Gas has 104.376 million shares and 72.038 million options on issue.

Eneabba raised $A8.3 million to fund the completion of a feasibility study on its proposed 168-megawatt Centauri 1 gas turbine power station near Dongara in Western Australia.

On completion, the power station will supply the mid-western WA community, as well as Perth.

While the company plans to initially run the station on natural gas, it also has plans for coalbed methane exploration in the region north of metropolitan Perth and says the plant could eventually be run on CBM gas.

Eneabba Gas has secured 12 coal mining permits for CBM exploration.

But its CSM plans have now been set back after learning that the state Mines Act does not allow extraction of the gas under mining titles.

However, this does not affect preparation for the development of Centauri 1, which could take natural gas from nearby gas pipelines.

The company was first formed over two years ago. Much of the time since then has been spent addressing regulatory issues necessary for the approval of the plant.

At 1pm (WST) today, Eneabba shares were at 23c.