Ptr Minerals Limited · ASX:PTR
Ptr Minerals — Petratherm — Investor Presentation (November 2010)
19 slides from Ptr Minerals's investor presentation, Nov 11, 2010
Slide 1: ASX Release: Investor presentation and company update
ASX Release PETRATHERM LIMITED ABN 17 106 806 884 For personal use only Investor presentation and company update The attached investor presentation provides a company overview and an update on Petratherm’s Tenerife conventional volcanic geothermal energy project in Spain and its flagship Paralana ge
Slide 2: Investor Presentation: Corporate and Projects Update
Petratherm For personal use only Investor Presentation Corporate and Projects Update Managing Director Terry Kallis November 2010
Slide 3: For personal use only
For personal use only
Slide 4: 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 5: Presentation Overview
Presentation Overview › Company Overview For personal use only › Tenerife conventional volcanic project › conventional geothermal – no technology risk › partnered with Enel, experienced incumbent utility › exploration drilling to confirm resource – cost $1.3m, Apr/May 2011 › Enel to 100% fund $11m p
Slide 6: Petratherm overview
Petratherm overview For personal use only Our company MADRID & BARCELONA Direct use heat, EGS & hydrothermal › Leading Australian geothermal exploration and development company CHINA TENERIFE & Exclusive GRAN CANARIA Conventional exploration agreement › Projects spanning Australia, volcanic Spain an
Slide 7: Petratherm - Corporate and financial
Petratherm - Corporate and financial For personal use only Listed ASX:PTR › Shares on Issue: 111.7 m › Share Price: $0.15 › Market Cap: $ 16.76 m › Cash Position: $ 1.75m (31 Oct. 2010) › Shareholders: 3,655 shareholders › Minotaur Exploration 18.4 % › Australian Ethical Investments 5.1 % Paralana J
Slide 8: Sound business model
Sound business model For personal use only “To explore for and develop emission free 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
Slide 9: Highly capable array of joint venture partners
Highly capable array of 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 Geothermal › Wholly owned subsidiary of CLP group – listed on the Hong Kong stoc
Slide 10: Spain – Enel Green Power deal and Tenerife volcanic project
Spain – Enel Green Power deal and Tenerife volcanic project › Joint development of all For personal use only electricity producing projects in Spain and Portugal › Direct and external exploration costs shared 50:50 › Tenerife is an active volcanic island, MT indicates magma chamber 3 to 4 kms below
Slide 11: Tenerife – conventional volcanic project
Tenerife – conventional volcanic project For personal use only › Slim line 2km well (refer map) to confirm resource 50% PTR cost $1.3m › Geochemistry indicates presence of a hydrothermal system of at least 240˚C › 50 MW development– targeting between 7 MW and 15 MW per production well with high pric
Slide 12: 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 13: Paralana joint venture and government grant arrangements
Paralana joint venture and government grant arrangements › Beach Energy Farm-in (Jan 2007) for up to $28m for 36%, For personal use only plus equity share of project costs › TRUenergy Farm-in (Aug 2008) for up to $57m for 30%, plus equity share of project costs › JV Projects stages › Demonstration o
Slide 14: 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 $1 m $ 0.0m 1 › Drill producer well – Paralana 3* $15m - $20m $6.4m - $9.9m 2 › Fracture stimulate/circulate $2
Slide 15: Fracture stimulation programme – next stage of work
Fracture stimulation programme – next stage of work For personal use only › Injectivity test at base of well bore › Inject small volume of water to confirm fracture initiation and propagation › Small volume, minimal induced seismic risk › Fracture stimulation › Inject larger volume of water at highe
Slide 16: Paralana well summary
Paralana 2 well summary › For personal use only Depth 4012m › Well cased and cemented to 3725m › Extrapolated bottom hole temperature ~ 191oC › High pressure geothermal brines intersected from 3690m Casing Perforation › Zircon dating confirms old 1590Ma and Reservoir Sequence Injectivity Test › Cont
Slide 17: Paralana Project – commercial overview
Paralana Project – commercial overview For personal use only › Potentially commercially viable at all stages of development › Close (10kms) off grid local customer (5-30MWe) followed by large on grid development (260 MWe+) › Transmission rule changes to support low cost connection to market › Long t
Slide 18: Petratherm - a standout in the Australian geothermal sector
Petratherm - a standout in the Australian geothermal sector For personal use only The Company is considered a standout amongst its peer companies in the ASX listed Australia geothermal sector because it has; › a unique exploration approach for identifying shallow “hot spots” that does not rely on in
Slide 19: For personal use only
For personal use only www.petratherm.com.au