Ptr Minerals Limited · ASX:PTR
Ptr Minerals — Petratherm — Australian Geothermal Energy Conference 2011
33 slides from Ptr Minerals's conference presentation, Nov 16, 2011
Slide 1: MD presentation to the Australian Geothermal Energy Conference
ASX Release PETRATHERM LIMITED ABN 17 106 806 884 For personal use only MD presentation to the Australian Geothermal Energy Conference Petratherm’s Managing Director, Terry Kallis will today present to the annual Australian Geothermal Energy Conference in Melbourne. The attached presentation provide
Slide 2: Director recognized by prestigious Australian Academy
Director recognized by prestigious Australian Academy The Company is delighted to advise that Petratherm Director, Professor Richard Hillis has been admitted as a Fellow of the Australian Academy of Technological Sciences and Engineering (ATSE). Professor Hillis is the CEO of the Cooperative Researc
Slide 3: Company and projects update
Australian Geothermal Energy Conference For personal use only Company and projects update Managing Director Terry Kallis November 2011
Slide 4: For personal use only
For personal use only
Slide 5: Disclaimer and competent persons statement
Disclaimer and competent persons statement For personal use only Disclaimer In particular, they speak only as of the date of this To the extent permitted by law, Petratherm and its This presentation has been prepared by Petratherm document, they assume the success of officers, employees, related bod
Slide 6: Presentation Outline
Presentation Outline For personal use only › Corporate and financial overview › Paralana JV Project overview – economic and technical › Project latest update: fracture stimulation and flow test › Paralana & market/regulatory framework looking forward › Video – “The Paralana story so far” Carbon pric
Slide 7: Petratherm overview and project portfolio
Petratherm overview and project portfolio For personal use only Our company & projects MADRID & BARCELONA Direct use heat, EGS & hydrothermal › Leading Australian geothermal exploration and development company CHINA TENERIFE & Exclusive GRAN CANARIA Conventional exploration agreement › Projects span
Slide 8: Petratherm - Corporate and financial latest snapshot
Petratherm - Corporate and financial latest snapshot For personal use only Listed ASX : PTR › Shares on Issue: 148.8 million › Share Price: $0.095 (9 Nov.) › Market Cap: $14.13 million › Cash Position:$3.274 million (30 Sept.) › Shareholders: 3,864 shareholders › Minotaur Exploration 13.78% › Austra
Slide 9: Our business model
Our business model “To explore for and develop emission free For personal use only geothermal energy projects that are commercially sustainable” › To develop a portfolio of quality geothermal energy projects › Explore both conventional and engineered geothermal systems – for power and heat › Find a
Slide 10: Our board
Our board For personal use only Board Skills and capabilities › Financial Management › Legal › Marketing › Project Management Derek Carter Simon O’Loughlin Richard Hillis › Corporate Governance Chairman Director Director › Exploration and Development › Geology and Geophysics › Resources and Energy ›
Slide 11: Paralana Project – commercial / market overview
Paralana Project – commercial / market overview › For personal use only Potentially commercially viable at all stages of development › Close (10kms) off grid local customer (5-30MW) – then expand to on grid development (300 MW) › Transmission options for connection to market – potential growth areas
Slide 12: Paralana Project – Regional Picture
Paralana Project – Regional Picture For personal use only *Please note Competent Persons Statement near beginning of presentation
Slide 13: Development Model – Heat Exchanger Within Insulator
Development Model – Heat Exchanger Within Insulator For personal use only › Higher Permeability › Chemically Stable › Lower Fracc Challenge? › Mesoproterozoic metasediments – bedding / joint surfaces = Cheaper Power! HEWI Model at Paralana The required heat exchanger is created in the insulating lay
Slide 14: Track record of achievement
Track record of achievement For personal use only › Paralana 1B – recorded a high heat flow of 113 mW/m and high temperature gradient to 1800m depth › Paralana 2 well - 4,003m deep injector well successfully drilled › Temperatures of 176˚C at 3,672m measured and 190˚C modeled at 4,000m › Strong gove
Slide 15: Hydraulic fracture stimulation at interval 3679-3685m
Hydraulic fracture stimulation at interval 3679-3685m For personal use only › Fracture stimulation, July 2011 - completed successfully › Inject larger volume of water at higher rates, up to 27 litres/sec › Array capable of recording and locating micro-seismic events with very small magnitudes on t
Slide 16: Main Fracture Stimulation greatly exceeded Target
Main Fracture Stimulation greatly For personal use only exceeded Target • Over 7000 micro- seismic events triggered • Fractured reservoir target exceeded, with micro-seismic events located 900m away from the well • Connection to deep fractures/faults below the injection point • Reservoir continued t
Slide 17: Flow test completed in October 2011
Flow test completed in October 2011 For personal use only Flow test A flow test was completed in October with the aim of collecting further information on: › Pressure › Temperature › Flow data › Geothermal brine chemistry
Slide 18: Market and Regulatory framework looking forward
Market and Regulatory framework looking forward In the long term Australia needs clear and For personal use only stable policy and regulatory framework for renewable & geothermal energy ›Price on carbon ›Capital funding of projects ›Investment in network connection Federal Government’s new “Securing
Slide 19: Impact of Carbon pricing – Australian power generation mix
Impact of Carbon pricing – Australian power generation mix (source SKM/MMA) For personal use only 450 Geothermal energy is expected to be largest source of renewable energy in the mix by 2050 – 400 with 22% of the Australian electricity market 350 300 Solar/PV Geothermal 250 Biothermal Wind TWh Hydr
Slide 20: Paralana Project looking forward
Paralana Project looking forward For personal use only › next milestone: drill production well to tap into the enhanced fractured reservoir › excellent leverage in terms of JV and government grants › “hot rock” geothermal firmly on radar of utilities and energy players › nearby off-grid customer & e
Slide 21: The Paralana Geothermal Energy Project story to date - video
The Paralana Geothermal Energy Project story to date - video For personal use only
Slide 22: www.petratherm.com.au
For personal use only www.petratherm.com.au
Slide 23: Geothermal energy overview
Geothermal energy overview For personal use only Geoscience Australia has estimated that the potential geothermal resource is equivalent to 26,000 times Australia’s annual electricity energy consumption
Slide 24: Geothermal technologies
Geothermal technologies For personal use only
Slide 25: Energy technologies - Australian Resource Assessment
Energy technologies - Australian Resource Assessment - GA For personal use only Independent study by MMA* (now part of SKM) shows that EGS geothermal is expected to be highly competitive with all forms of generation and amongst the lowest cost renewable, reducing in cost over time to be under $100/M
Slide 26: Geothermal energy overview
Geothermal energy overview For personal use only Operating Project Examples Key Project Parameters Paris basin district heating › Temperature › Drilling depth Azores volcanic › Flow rate › Network connection › Generation plant type Imperial Valley HSA › Market/Customer Heber plant › Optimization of
Slide 27: Paralana well summary
Paralana 2 well summary › For personal use only Depth 4003m (G.L. A.H.D.) › Well cased and cemented to 3725m › Extrapolated bottom hole temperature ~ 190oC › High pressure geothermal brines intersected from 3680m › Zircon dating confirms 1585 ± 11 Ma Reservoir Sequence › Contains numerous fractures
Slide 28: Passive seismic array
Passive seismic array For personal use only IESE (Institute of Earth Science and Engineering NZ) one deep borehole sonde at 1790m in Paralana 1b well six borehole sondes between 150m and 200m eight surface seismometers four accelerometers MEQ - Array Managed by IESE
Slide 29: Paralana Project - Joint venture partners
Paralana Project - Joint venture partners For personal use only › Beach Energy › Top four Australian ASX listed oil and gas company located in Adelaide and with interests in Australia, Europe and Africa › TRUenergy › Wholly owned subsidiary of CLP* group – listed on the Hong Kong stock exchange – an
Slide 30: Paralana joint venture arrangements
Paralana joint venture arrangements For personal use only › Beach Energy Farm-in (Jan 2007) for up to $28m for 36% plus equity share of project costs at every stage › First $5m for first well and $2.7m for stimulation – earns 21% › Contributes at 21% for second well and stimulation › After demonstra
Slide 31: Project joint venture – cost estimates
Project joint venture – cost estimates (assumes JV earn-in options exercised) › Demonstrate flows (stages) Project JV costs PTR cost For personal use only › Fracture stimulate – Paralana 2 (completed) $ 1.0m $ 0.4m 1 › Drill producer well – Paralana 3* $18.0m $ 8.5m 2 › Fracture stimulate/circulat
Slide 32: Paralana project – Modelled Economic assumptions
Paralana project – Modelled Economic assumptions Key Economic Assumptions: For personal use only › Temperature of 190˚C modeled at depth of 4,000m › Flow rate of 75 litres per sec – considered most conservative in sector › Net output per production well of 3.75 MW based on flow, inclusive of parasit
Slide 33: Paralana geothermal energy JV project - snapshot
Paralana geothermal energy JV project - snapshot For personal use only › High heat flow and high temperature measured › Natural fracture permeability at optimal depth – below 3670m, presence of in situ geothermal brine › No hydrocarbons evident in the basin › Promising fraccing results with large fr
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