Ptr Minerals Limited · ASX:PTR
Ptr Minerals — Petratherm — Investor Presentation (February 2011)
23 slides from Ptr Minerals's investor presentation, Feb 1, 2011
Slide 1: Investor presentation and company update (ASX Release)
ASX Release PETRATHERM LIMITED For personal use only ABN 17 106 806 884 Investor presentation and company update Attached is a copy of a presentation given to investors providing an update on the company and its projects. Yours faithfully Terry Kallis Managing Director MEDIA CONTACTS: Terry Kallis P
Slide 2: Investor Presentation: Corporate and Projects Update
Petratherm For personal use only Investor Presentation Corporate and Projects Update Managing Director Terry Kallis February 2011
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 For personal use only › Company Overview › Paralana engineered geothermal system project › de-risking project through main fracture stimulation in March 2011 › fracc/stim costs largely covered under JV with Beach and TRUenergy › excellent leverage in terms of JV and government
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: 126.7 m › Share Price: $0.105 › Market Cap: $ 13.31 m › Cash Position: $ 2.76 million(31 Dec 2010) › Shareholders: 3,631 shareholders › Minotaur Exploration 18.54 % › Australian Ethical Investments 8.46 %
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: 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 11: 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 12: 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 $1.5 m $ 0.4m 1 › Drill producer well – Paralana 3* $15m - $20m $6.4m - $9.9m 2 › Fracture stimulate/circulate
Slide 13: 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 › Target zone successfully broken down in early January 201
Slide 14: 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 six borehole sondes at 200m eight surface seismometers two accelerometers MEQ - Array Managed by IESE *Please note Competent Persons Statement ne
Slide 15: Perforation and injectivity test
Perforation and injectivity test For personal use only
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 3680m 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: 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 19: Tenerife – conventional volcanic project
Tenerife – conventional volcanic project › For personal use only Slim line 2km well (refer map) to confirm resource › 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 › High prices, over €90/MWh (AUD
Slide 20: Tenerife – project economics
Tenerife – project economics (assumptions are estimates only) Project Assumptions For personal use only › Bottom hole temp. 250°C, re-injection temp.105°C › Flow rate 100 litres/sec. › Output per producer well – 12.7 MW › 25 MW power plant and total capital cost (wells, plant and transmission) - € 7
Slide 21: 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 22: Looking forward
Looking forward For personal use only Australia needs clearer policy & regulatory framework for geothermal energy › Price on carbon › Capital funding of projects › Investment in network connection This will drive investment in geothermal companies and projects
Slide 23: www.petratherm.com.au
For personal use only www.petratherm.com.au