Ptr Minerals Limited · ASX:PTR
Ptr Minerals — Petratherm — Informa South Australian Future Energy Conference 2009
19 slides from Ptr Minerals's conference presentation, Aug 18, 2009
Slide 1: ASX Release: SA Future Energy Conference
ASX Release For personal use only PETRATHERM LIMITED ABN 17 106 806 884 SA Future Energy Conference Petratherm Managing Director, Mr Terry Kallis, will later this afternoon present an update on the Company’s activities to the second day of Informa’s South Australian Future Energy Conference in Adela
Slide 2: South Australia's Future Energy
For personal use only South Australia’s Future Energy “Building a portfolio of quality geothermal energy projects - Australia and Overseas” 18 August 2009 Presented by Terry Kallis (Managing Director) Explorer and Developer of Geothermal Energy
Slide 3: Disclaimer
Disclaimer This presentation has been prepared by Petratherm Limited (Petratherm). The information contained in this For personal use only presentation is a professional opinion only and is given in good faith. Certain information in this document has been derived from third parties and though Petra
Slide 4: Presentation Outline
Presentation Outline • Corporate DVD (8 minutes) For personal use only • Corporate Overview • Geothermal Energy Technology • Paralana Project – Overview – JV arrangements – Drilling program and fracture stimulation • Key Points of Differentiation • Outlook for Calendar 2009 petratherm
Slide 5: Corporate Overview (PTR.AX)
Corporate Overview (PTR.AX) China – Exclusive Key Statistics For personal use only Madrid & Barcelona – exploration ¾ Current shares on issue – 92 m direct use heat, agreement ¾ Market capitalization - $28.5m (at share EGS and price of $0.30) hydrothermal ¾ Cash – June 30 $13 m ¾ Grants - GDP $7.0m
Slide 6: Corporate Mission & Business Model
Corporate Mission & Business Model For personal use only Mission “to explore for and develop, emission free, geothermal energy projects that are commercially sustainable” Business Model “to develop a portfolio of quality geothermal energy projects conventional and EGS – for power and/or heat – where
Slide 7: Petratherm Board
Petratherm Board For personal use only Highly experienced Board with combination of commercial and technical skills including: • Corporate governance • Financial management • Legal DerekCarter Derek Carter Simon O’Loughlin Richard Hillis Chairman Chairman Director Director • Marketing • Project Mana
Slide 8: Corporate Overview – Skills & Capabilities
Corporate Overview – Skills & Capabilities For personal use only Combined skills and experience of the Board Management, Partners and Consultants capable of delivering successful geothermal energy projects – from underground resource through to market Beach Petroleum - Subsurface – well design, dril
Slide 9: Geothermal Energy Technology - Project Portfolio
Geothermal Energy Technology - Project Portfolio TAG – thermally anomalous granite For personal use only EGS technology – hot rocks Large systems – low enthalpy TAG Abundant resource Requires large commercial demonstration Paralana – EGS – power production East Gippsland – Hot sedimentary aquifer Te
Slide 10: Paralana Project - Overview
Paralana Project - Overview ¾ Uniquely positioned to be potentially commercially viable For personal use only at all Stages! 9 High heat flow rate (128mW/m²) and predicted Temperature of 200˚C at a depth of 3600 metres 9 Stable geological formation and expect no overpressures – suggests good drillin
Slide 11: Paralana Project Joint Venture
Paralana Project Joint Venture ¾Beach Petroleum Farmin (Jan 2007) for up to $30M for 36% For personal use only $5M first well and stimulation $5M second well and stimulation – earns 21% After HEWI - Option to earn a further 15% for $20M Plus equity share of project costs at every stage ¾TRUe
Slide 12: Paralana Project
Paralana Project For personal use only 109oC • Heat flow of 128 mWm-2 petratherm • Modeled 200oc at 3.6km (Seismic Line 84 SPG)
Slide 13: Paralana - Development Path to date
Paralana 2 - Development Path to date • 2D Reflection Seismic and MT Surveys For personal use only • Installed Passive Seismic Array (IESE) • Cleared 1km x 2km development site • Casing and well head ordered • Camp Established and Crew Trained • Drilling rig arrived, transported, assembled and drill
Slide 14: Paralana 2009 Development Plan
For personal use only Paralana 2009 Development Plan • June 2009 First Deep Well to ~ 4 Kms • Well testing and stimulation program • First half 2010 Second Deep Well Heat Exchanger Within Insulator (HEWI) Model petratherm
Slide 15: Paralana Well Drilling
For personal use only Paralana 2 Well Drilling • Contract 2000 HP Drilling Rig # 828 from Weatherford International Drilling arrived in Port Pirie in May 2009 - Le Tourneau – “ Lightning Rig” built in Dubai • Paralana 2 well spud in late June 2009 • Well Testing and Stimulation Program to follow aft
Slide 16: Paralana Drilling Rig and Camp Site
For personal use only Paralana Drilling Rig and Camp Site
Slide 17: Petratherm Key Points of Differentiation
Petratherm Key Points of Differentiation • Unique approach to “exploration for heat” and its commercial assessment of projects - “location, location, location” – resource, For personal use only market, permits/stakeholders • HEWI model approach to resource exploitation process for EGS/hot rock that
Slide 18: Petratherm Outlook for Calendar 2009
Petratherm Outlook for Calendar 2009 • Finalize the $57M TRUenergy Farm-in 9 January For personal use only • Secure $7M GDP funding for drilling 9 April • Spud Paralana 2 deep well (4kms) 9 June • Drill/complete well (around 3 to 4 months) followed by , testing logging, fracturing and stimulation pr
Slide 19: Thank You
For personal use only ASX code: PTR Thank You petratherm www.petratherm.com.au
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