Ptr Minerals Limited · ASX:PTR
Ptr Minerals — Petratherm — 2008 Paydirt SA Resources & Energy Investment Conference
32 slides from Ptr Minerals's conference presentation, Apr 30, 2008
Slide 1: ASX Release: Petratherm uniquely positioned for success
ASX Release For personal use only PETRATHERM LIMITED ABN 17 106 806 884 Petratherm uniquely positioned for Success in the Australian & Spain and increasingly Global Energy Sector Petratherm Managing Director, Mr Terry Kallis, will later this morning present an update on the Company’s activities to f
Slide 2: ASX Release continued: portfolio and Spanish projects
• The Company’s strength in geothermal energy exploration has enabled it to create a portfolio of 11 quality geothermal energy projects in Australia and Spain, and soon in China – where Petratherm has an exclusive Agreement with four Chinese Government Institutions to identify new projects. Of parti
Slide 3: ASX Release continued: Paralana next steps
o A unique and realistic long-term commercialization path that provides the potential for commercial viability at all stages including small scale (i.e. 7.5MW), local market (up to 30MW) and into the National Electricity Market (NEM) (between 260 and 520MW). • The next steps in the development of th
Slide 4: ASX Release continued: network solutions
• Petratherm’s two basic network solutions include: o A double circuit 275kV transmission line from Paralana to Port Augusta capable of delivering 520MW into the NEM at Port Augusta. (“Radial network solution”). o A single circuit 275kV transmission line from Paralana to Port Augusta and a single ci
Slide 5: Developing a Portfolio of Quality Geothermal Energy Projects
petratherm For personal use only SA Resources & Energy Investment Conference 2008 Developing a Portfolio of Quality Geothermal Energy Projects Presented by: Terry Kallis Managing Director Petratherm Limited 30 April 2008 Explorer and Developer of Geothermal Energy
Slide 6: Key Messages
Key Messages • Petratherm’s key strength lies in its approach to “exploration for heat” and For personal use only its commercial assessment of projects - “location, location, location” – resource, market, permits/stakeholders • The approach has resulted in a portfolio of 11 quality projects in Austr
Slide 7: Petratherm Mission and Business Model
Petratherm Mission and Business Model Mission For personal use only “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 – wh
Slide 8: Engineered or Enhanced Geothermal Systems
For personal use only Engineered or Enhanced Geothermal Systems
Slide 9: Petratherm Limited: Geothermal Energy Explorer & Developer
Petratherm Limited Geothermal Energy Explorer & Developer For personal use only • MEP major shareholder 34% • Market Cap $44 M, current price $0.77 • Four Australian projects in SA Almazan • Seven Spanish projects • Exclusive agreement to identify projects in China • Flagship Paralana Project – Up t
Slide 10: Petratherm Limited: Seven Spanish projects
Petratherm Limited Geothermal Energy Explorer & Developer For personal use only • Seven Spanish projects • Conventional & EGS • Potential for electricity production and direct use Almazan heating Almazan Barcelona • First mover advantage Madrid • Geology is conducive to EGS Alicante • High electrici
Slide 11: Board & Management
petratherm Board & Management For personal use only Derek Carter Simon O’loughlin Prof. Richard Hillis Chairman Director Dr Lloyd Taylor Director Director Richard Bonython Terry Kallis Donald Stephens Peter Reid Director Managing Director Company Secretary Operations Manager
Slide 12: Corporate Overview
Corporate Overview 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 , drilling & fraccing Geothe
Slide 13: Petratherm's Exploration Model
Petratherm ’s Exploration Model Petratherm’s “Shallow Hot Rocks close to Market" For personal use only “Hot Rocks” are EGS , i.e. Engineered Geothermal Systems Prime Cost Drivers • Temperature Differential • Drilling Depth • Flow Rate • Network Connection • Generation Plant Petratherm is seeking to
Slide 14: Heat Exchanger Within Insulator (HEWI) Model
Heat Exchanger Within Insulator (HEWI) Model EGS - engineered For personal use only geothermal system i.e. underground heat exchanger • Higher Permeability • Chemically Stable • No Potential Radon build up • Lower Risk = Cheaper Power! petratherm
Slide 15: Paralana Work Program
For personal use only Phase 3 drilling Paralana Work Program 109oC petratherm Temperature measurements indicate 200 degrees C at 3.6km
Slide 16: Paralana Geothermal Energy JV Project: Key Ingredients for Success
For personal use only Paralana Geothermal Energy JV Project Key Ingredients for Success – Excellent thermal resource 200ºC at 3600m – Highest mainland heat flow 128mW/m2 – Stable geological formation – drilling conditions – Close proximity to willing customer – Beverley Uranium Mine – off grid price
Slide 17: Paralana Development Summary
Paralana Geothermal Energy JV Project Development Summary For personal use only – Spud first well in second half of 2008 – Apply for Federal Govt. drilling funding for 2 well program – second half of 2008 – Apply for Fed Govt. Renewable Energy Fund, 30 MW demonstration -2009 – Drilling second well –
Slide 18: Paralana Commercialization Plan
Paralana Commercialization Plan For personal use only petratherm
Slide 19: Madrid Geothermal Projects GDH & EGS
For personal use only Madrid Geothermal Projects GDH & EGS Geo-Madrid existing well doublet with temperatures of 75ºC, flow rate of 200m3/h 1500m, potential capacity of 8 MWt or 45 GWth/a - Pradillo well 3,400 m at 156 º
Slide 20: Exclusive Cooperative Agreement in China
Exclusive Cooperative Agreement to identify high prospect geothermal energy projects in China with four Chinese Government Institutions For personal use only • Chinese Geothermal Energy Society • Geological Survey of China • Chinese Academy of Sciences • China Institute of Geo-Environment Monitoring
Slide 21: Increasing Shareholder Value
Increasing Shareholder Value • Cost Reduction For personal use only – HEWI Model - shallower wells reducing drilling costs – Competitive sourcing of plant and equipment – “no ties” to a plant manufacturer – “ fit for purpose” – conventional, lower cost plant • Risk Reduction – Initial project select
Slide 22: Summary
Summary • Petratherm’s key strength lies in its approach to “exploration for heat” and For personal use only its commercial assessment of projects - “location, location, location” – resource, market, permits/stakeholders • The approach has resulted in a portfolio of 11 quality projects in Australia
Slide 23: Thank You
For personal use only Thank You petratherm ASX Code: PTR www.petratherm.com.au Phone: (08) 8274 5000
Slide 24: Overview of Geothermal Energy Industry
Overview of Geothermal Energy Industry For personal use only • Geothermal Energy Policy in Australia • Engineered Geothermal Systems and Energy Cost Comparisons • Geothermal Energy and Electricity Markets • South Australian Projects • Geothermal Energy Project Economics • Key Challenges for EGS Proj
Slide 25: Renewable Energy Policy & Geothermal
Renewable Energy Policy & Geothermal • Federal Labor Government Clean Energy Plan to ratify For personal use only Kyoto, Emissions Trading by 2010, 20% Renewable Energy target by 2020, $500 M Renewable Energy Fund including a $50 M drilling initiative fund • The Australian Geothermal Energy Group (A
Slide 26: 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 hot rocks Black Coal PF 420MW (CF85%) by 2030 Black Coal PF 420MW (CF85%) + GS 1200 • “signifi
Slide 27: Global Geothermal Energy Installed Capacity in MW
Global Geothermal Energy Installed Capacity in MW For personal use only Total 10,000 MW (2006)
Slide 28: Geothermal Energy and Electricity Markets
Geothermal Energy and Electricity Markets Australia For personal use only • Australia has the ideal conditions for EGS – high heat producing granites and a continent that is under compression • Geothermal Energy potential is vast and could meet Australia’s electricity needs for many centuries. The P
Slide 29: South Australian heat flow
South Australian heat flow SA Geothermal anomaly Pacific Hydro Habanero 1,2 Geodynamics Projects Eden Eden For personal use only Geodynamics Osiris Proactive Eden Petratherm Yerila 1 • Many players – 33 Proactive Blanche 1 Petratherm Companies, 10 ASX Green Rock Eden Paralana 1B Proactive listed Tor
Slide 30: Geothermal Energy Project Economics
Geothermal Energy Project Economics • Temperature (differential, quality and type of resource) For personal use only • Drilling Costs (depth, size, geological formation, availability) • Energy Flow Rates (volume, pressure, energy transfer) • Plant Capital Costs and related efficiencies • Connection
Slide 31: Network Access & Connection
Network Access & Connection For personal use only • Transmission Costs • Transportation losses Ç • Margin Loss Factor • System Stability Ç Ç • Development Approvals, Ç Ç Licensing, Easements and Permits Ç • Network Capacity at connection point Ç = Wind Farm = Best Wind Resource Ç ÇÇ petratherm Trans
Slide 32: Challenges for EGS Projects
Challenges for EGS Projects • Securing a quality site – the three locations – resource, market, permits – optimizing economics in a competitive market – primary project risk For personal use only reduction • Confirming the quality of the potential resource – temperature differential, stress regime /
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