Slide 1: ASX Release: Resources Victoria Conference
ASX Release PETRATHERM LIMITED ABN 17 106 806 884 For personal use only Resources Victoria Conference Australian Geothermal Energy Association Chairman and Petratherm Managing Director, Mr Terry Kallis, will later this morning present an overview of the geothermal industry in Victoria to the first d
Slide 2: Overview of Victorian Geothermal Energy Industry
For personal use only 17 August 2009 Resources Victoria Conference “Overview of Victorian Geothermal Energy Industry ” Presented by: Terry Kallis - Managing Director Petratherm Limited and Chairman, Australian Geothermal Energy Association Explorer and Developer of Geothermal Energy
Slide 3: Disclaimer
Disclaimer This presentation has been prepared by Petratherm Limited (Petratherm). The information contained in this presentation 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
Slide 4: Presentation Outline
Presentation Outline • Key Messages For personal use only • Geothermal Energy – technology and costs • Australian Geothermal Energy potential • Victorian geothermal exploration and development • Developers – Greenearth Energy – Granite Power – Hot Rock Ltd – Torrens Energy – Petratherm Limited • Ren
Slide 5: Key Messages
Key Messages • Geothermal energy has the potential to provide large scale, base load and low cost renewable energy - variety of technologies and For personal use only applications • Australia has the key ingredients for developing successful engineered geothermal systems (EGS) and hot sedimentary aq
Slide 6: Geothermal Energy - Technologies
Geothermal Energy - Technologies For personal use only Cost Drivers • Temperature • Drilling Depth • Flow Rate • Network Connection • Generation Plant High up front costs – drilling, fracture stimulation, connection, plant (low O/M + no fuel costs)
Slide 7: Geothermal Energy Technologies
For personal use only Geothermal Energy Technologies
Slide 8: Geothermal Energy Cost Comparison
Geothermal Energy Cost Comparison 1600 Brown Coal PF 420MW (CF85%) For personal use only Electricity Supply Industry Planning Council Brown Coal PF 420MW (CF85%) + GS 1400 • 6.8% Australia’s base-load from Black Coal PF 420MW (CF85%) geothermal by 2030 Black Coal PF 420MW (CF85%) + GS 1200 • “signif
Slide 9: Drivers - The Promise of Geothermal
Drivers - The Promise of Geothermal For personal use only Indicative Resource Map Australia’s hot rock energy 150oC to 5km ~ 1.2 billion PJ ~20,000 X annual primary energy use in Australia Source: Geoscience Australia (2007)
Slide 10: Drivers - Govt. Legislation and Support
Drivers - Govt. Legislation and Support 1. Geothermal Tenure - SA, Vic, Tas, NSW, QLD, WA ( and NT For personal use only soon) 2. RECS, NGACS, VRECS, Carbon Schemes 3. State and Federal Govt. grants ~ $100 Million since 2000 4. Geothermal Industry Development Framework – COAG Initiative 5. Australia
Slide 11: MMA Report on Geothermal - Findings
MMA Report on Geothermal - Findings • Geothermal energy expected to build up to 2,200 MWs of base- For personal use only load capacity by 2020; • An estimated $12 billion would be invested to develop that capacity; • Represents up to 40% of the Federal Government’s 2020 Renewable Energy Target of 45
Slide 12: Growth of Australian EGS Industry
Growth of Australian EGS Industry August 2009 GELS / GELAS For personal use only Snapshot Aust. 383 Vic 23 Expenditure Aust. > $1,500 Mill Vic ~ $ 375 Mill Geothermal well Exploration licence Exploration licence application 48 companies in total Acreage offered for work program bids 10 ASX listed ge
Slide 13: Geothermal Energy in Victoria - Regulation
Geothermal Energy in Victoria – Regulation • Geothermal Energy Resources (GER) Act provides For personal use only framework for geothermal energy for depths > 1,000 metres and temperatures > 70ºC. • GER Act provides secure title and clear, consistent approvals process for companies. • Small scale ge
Slide 14: Victorian Exploration Permits
For personal use only Victorian Exploration Permits
Slide 15: Geothermal Energy in Victoria - Snapshot
Geothermal Energy in Victoria - Snapshot • 23 geothermal exploration permits held by seven For personal use only companies. • Total area of GEPs is 162,000 km2, 72% of the state and a total proposed expenditure over five years is $376 million. • Proximity to high-voltage transmission lines in most a
Slide 16: Greenearth Energy project stages
Stage 1 Proof-of-Concept + Located 11 km north of the Anglesea Brown Coal Fired Power Station * 2 deep wells to circa 4,000m with potential for wells to be utilised in Stage 2 + Planned to commence mid 2010 Stage 2 Demonstration Initial 12MW Hot Sedimentary Aquifer (HSA) Organic Rankine Cycle (ORC)
Slide 17: Granite Power - West Gippsland
granite ~ power One tenement: West Gippsland GEPI11 —- east half of Melbourne & beyond * Formal Inferred Resource: 31,000 (+/-7,000) PJ - Equates to ~1,000MW generating capacity (25 year life) —- South of Warragul, & open to south * Proposed Project: — 5MW Demonstration of GRANEX Enhanced Power Proj
Slide 18: Hot Rock Ltd - Otway Basin HSA discoveries
¥ HRL Geothermal HSA discoveries based on petroleum wells, Otway Basin = Estimated stable formation temperatures range from 126°C to 158°C b/w 2400m to 3700m = Temperatures well suited to electricity generation from conventional binary cycle power plants a ibelseclebite Advanced Koroit he ice Projec
Slide 19: Torrens Energy GEP 5
For personal use only Prospective Region – West of the highlands where sediments less deformed but still overlying Selwyn Block Basement Torrens Energy GEP 5 •Central to Key Infrastructure and Markets •Favourable Geology – Insulating Cover (Melbourne Zone) •Geological Interpretation of Heat Producin
Slide 20: Petratherm - East Gippsland GEP
For personal use only Petratherm - East Gippsland GEP GEP 24 Wellington Park 1 Temp at 3.6kms - 163ºC Next steps • MT/Seismic in 2010 • Deep well in 2011
Slide 21: Renewable Energy Policy & Geothermal
For personal use only Renewable Energy Policy & Geothermal • Strong Federal and State Government Support -Federal Government Policy Frameworks • $50M Geothermal Drilling Program -$7M max/project • Geothermal Energy Industry Development Framework • $300M Renewable Energy Demonstration Program (exclud
Slide 22: Summary and Conclusions
Summary and Conclusions • Geothermal energy has the potential to provide large scale, base load and low cost renewable energy - variety of technologies and For personal use only applications • Australia has the key ingredients for developing successful engineered geothermal systems (EGS) and hot sed
Slide 23: Thank You
For personal use only Thank You petratherm ASX Code: PTR www.petratherm.com.au Phone: (08) 8274 5000 www.agea.org.au www.pir.sa.gov.au
Slide 24: Australian Geothermal Energy Association
Australian Geothermal Energy Association The national industry association for the Australian Geothermal Energy Industry For personal use only AGEA’s Vision. Geothermal energy providing the lowest cost emissions-free renewable base load energy to Australian homes and businesses for centuries to come
Slide 25: Australian Geothermal Energy Group (AGEG)
Australian Geothermal Energy Group (AGEG) AGEG’S VISION: Geothermal resources to For personal use only provide the lowest cost emissions-free renewable base load and direct use energy for centuries to come. • Currently 96 members and growing • Includes all companies with geothermal licences, all Fed