Ptr Minerals Limited · ASX:PTR
Ptr Minerals — Petratherm — Geothermal Energy Conference, Singapore 2009
28 slides from Ptr Minerals's conference presentation, Dec 9, 2009
Slide 1: Presentation to the Geothermal Energy Conference in Singapore
ASX Release PETRATHERM LIMITED ABN 17 106 806 884 For personal use only Presentation to the Geothermal Energy Conference in Singapore Petratherm’s Exploration Manager, Peter Reid, will today present an update on the Company’s activities and projects to the Geothermal Energy Conference held at the Gr
Slide 2: For personal use only
For personal use only
Slide 3: Petratherm: Developing a Portfolio of Geothermal Projects
For personal use only Petratherm Developing a Portfolio of Geothermal Projects in Australia, Spain and China Presented by Exploration Manager Peter Reid Geothermal Energy Conference, Singapore 9 December, 2009
Slide 4: Disclaimer
Disclaimer For personal use only This presentation has been prepared by Any forward-looking statements included in Petratherm makes no representation or Petratherm Limited (Petratherm). The this document involve subjective judgment warranty as to the accuracy, reliability or information contained in
Slide 5: Our company
Our company For personal use only Our company › Leading Australian geothermal exploration and development company › Projects spanning Australia, Spain and China › Flagship project – Paralana Other growth projects: › Madrid district heating › Barcelona › Canary Islands, Tenerife › Victoria’s East Gip
Slide 6: Corporate and financial
Corporate and financial For personal use only › Shares on Issue: 94.45 million Shares price over 2009 year › Share Price: $0.425 (25 Nov) Steady and improving despite › Market Cap: $40.2 m (25 Nov) uncertain market. Trading volume increased significantly › Cash Position: $8.7 m (23 Nov) › Shareholde
Slide 7: Board of Directors
Board of Directors For personal use only Board An experienced board with a strong combination of commercial and technical skills › Financial management › Legal Derek Carter Simon O’Loughlin Richard Hillis Chairman Director Director › Marketing › Project Management › Corporate Governance › Exploratio
Slide 8: Our business model
Our 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 a
Slide 9: Geothermal energy technologies and cost drivers
Geothermal energy technologies and cost drivers For personal use only Cost Drivers › Temperature Madrid District Heating › Drilling Depth › Flow Rate Tenerife Volcanic › Network Connection › Generation Plant East Gippsland › High upfront costs – drilling, Paralana fracture stimulation, connection, p
Slide 10: Finding Hot Rocks
Finding Hot Rocks For personal use only In Australia only 7% of the continent has sufficient well hole data Forward modelling of Geothermal Resource potential based on constrained geological models › Prediction of geothermal gradients › Target Depths › Heat outputs
Slide 11: Development Model – Heat Exchanger Within Insulator
Development Model – Heat Exchanger Within Insulator For personal use only › Higher Permeability › Chemically Stable › Lower Frac Challenge? › Adelaidean – bedding / joint surfaces = Cheaper Power
Slide 12: Paralana Project – Commercial Overview
Paralana Project – Commercial Overview For personal use only › Commercially viable at all stages. Small off grid market (5-30MWe) (Heathgate) followed by large on grid development (260 MWe+) › Expenditure well leveraged for proof of concept, then potentially fully funded to initial commercial demons
Slide 13: Paralana – Drilling
For personal use only Paralana 2 – Drilling New Weatherford Owned 2000HP Le Tourneau Lightning Rig 57 metres high ~ 10 Stories Arrived at Port Pirie 11 May 09 80 Semi-Trailer Loads Spudded June 30, 2009
Slide 14: Scenario Planning vs. Murphy's Law
Scenario Planning vs. Murphy’s Law For personal use only
Slide 15: Paralana – Drilling
For personal use only Paralana 2 – Drilling Hard Rock Formations – slow ROP 1-3 m/hr Tested several BHA arrangements to optimize ROP Conservatively drilled to maximize likelihood of success
Slide 16: Paralana - Drilling Completed to 4012 M – Nov 2009
Paralana 2 - Drilling Completed to 4012 M – 9 Nov 2009 For personal use only › First well designed following low-risk, standard operating methods › Steady but slow drilling due to hard formations › Wireline logging underway › Will be fully cased and cemented › Inflow zones encountered from 3690m
Slide 17: Paralana – geothermal brines
Paralana 2 – geothermal brines For personal use only › Inflow zones from 3690m › Brine samples taken › Wireline Logging Program – Reservoir Characterisation › Temperature › Permeability › Insitu stress field › Geology › Rock Properties
Slide 18: Spain
Spain For personal use only Madrid › Madrid District Geothermal Heating Project › Signed cooperative agreement with Spanish Federal and Madrid Regional governments Barcelona › Have four geothermal investigation permits – both engineered geothermal and district heating potential Canary Islands/Teneri
Slide 19: Spain – Madrid district heating project
Spain – Madrid district heating project For personal use only “Highlighted as one of six renewable energy projects of interest within the Madrid Regional Government’s Renewable Energy Cluster” › Large tenement 20km by 20km in the north of Madrid › Three shallow 2000m wells drilled › One deep 3.4km w
Slide 20: Spain - Tenerife
Spain - Tenerife For personal use only › Active volcanic island with a population of one million › Studies suggest magma chamber 3km to 4km below surface › Targeting 50MW to 100MW development › Energy prices are over €90/MWh or AUD $150/MWh - three times prices in Australia › Commenced extensive mag
Slide 21: China
China For personal use only › Exclusive Cooperative Agreement to identify high prospect geothermal energy projects in China with four Chinese Government Institutions › Chinese Geothermal Energy Society › Geological Survey of China › Chinese Academy of Sciences › China Institute of Geo-Environment Mo
Slide 22: Geothermal Systems in China
Geothermal Systems in China For personal use only Figure modified from Hu Shengbiao 2007
Slide 23: Finding Hot Rocks in China
Finding Hot Rocks in China For personal use only Asia Pacific Partnership Project successfully completed in June 2009 › Two areas in South East China identified for potential future development › Land access and potential joint venture finance arrangements ongoing
Slide 24: Jiangsu Province – Estimated Temperature at 5kms Depth
Jiangsu Province – Estimated Temperature at 5kms Depth For personal use only Hot Sedimentary Aquifer contained in limestone at 4km to 5km depth Potentially large region in excess of 4500km3 with temperatures at 5 km between 190-220°C
Slide 25: Jiangsu Province – Preliminary MWe Economic Model
Jiangsu Province – Preliminary 30 MWe Economic Model For personal use only Temp 200oC, Flow 100 Lps Net Output 5.6 MWe per Well Total Wells 9 Drill Cost $28m Plant Cost $75m Transmission Capital $13m Total Capital $116m Breakeven Price $82 MWh for 10% Return Real post-tax IRR @ 12.8% $100 MWh price
Slide 26: Outlook for 2010 and beyond
Outlook for 2010 and beyond For personal use only Paralana Joint Venture Project › Complete logging, casing & temperature measurement, formation evaluation & fracture program design › 1st Qtr 2010: Mini fracture program/fracture stimulation design › 2nd Qtr 2010: Multi-zone fracture stimulation › 3r
Slide 27: Outlook for 2010 and beyond
Outlook for 2010 and beyond For personal use only › Complete Tenerife MT survey and progress JV negotiations – identify deep drill target in Q1 2010, develop work program › Continue Madrid GDH coordination with Federal & State Governments and progress JV opportunities complete Q1 2010 › Other projec
Slide 28: www.petratherm.com.au
For personal use only www.petratherm.com.au
Petratherm — Geothermal Energy Conference, Singapore 2009 on 6ix