Slide 1: Company Update Presentation
ASX Release PETRATHERM LIMITED ABN 17 106 806 884 For personal use only Company Update Presentation The attached power point presentation provides an update on the Company’s activities and projects. The presentation covers the Company’s flagship Paralana project, its Tenerife project and the new Cle
Slide 2: Exploring for Geothermal Energy
Company Update For personal use only Exploring for Geothermal Energy October 2012
Slide 3: 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 4: Petratherm overview – leading explorer/developer
Petratherm overview – leading explorer/developer For personal use only Listed ASX : PTR MADRID & BARCELONA › Shares on Issue: 148.8 million Direct use heat, EGS & › Share Price: $0.029 (October 22) hydrothermal › Market Cap: $4.31 million › Cash Position:$1.3 million (June 30) CHINA › Shareholders:
Slide 5: Our business model – consistent and robust
Our business model – consistent and robust “To explore for and develop low emission energy For personal use only projects that are commercially attractive” › Unlock Paralana’s vast geothermal resources value through demonstration of viable power production. › Develop a portfolio of quality geotherma
Slide 6: Our board – track record of success
Our board – track record of success For personal use only Board Skills and capabilities to achieve our objectives › Financial Management › Legal › Marketing Derek Carter Simon O’Loughlin Richard Hillis › Project Management Chairman Director Director › Corporate Governance › Exploration and Developme
Slide 7: Resource Development Model – HEWI and FABBI
Resource Development Model – Heat Exchanger Within Insulator (HEWI), and Fractures at Basin-Basement Interface (FABBI) For personal use only Targeting Fracture Permeability in › Mesoproterozoic metasediments - bedding / joint surfaces (HEWI model) › Fracture Permeability at Basin / Basement Interfac
Slide 8: Petratherm Project Areas
Petratherm Project Areas For personal use only (JV with Beach Energy)
Slide 9: Project Milestones
Project Milestones › For personal use only Drilled Paralana 2 to depth 4003m (G.L. A.H.D.) › Confirmed optimum bottom hole temperatures ~ 190oC at 4000m › High pressure geothermal brines intersected and natural fractures intersected from 3680m – may assist flows › Fracture stimulation produced
Slide 10: Paralana Independent Resources Statement – Nov 2011
Paralana Independent Resources Statement – Nov 2011 For personal use only Depth Interval Inferred (PJth) Indicated (PJth) Measured (PJth) Total (PJth) (metres) <3,500 2,400 1,100 3,500 3,500 - 4,000 4,900 4,400 41 9,300 4,000 - 4,500 5,900 5,700 12,000 4,500 - 5,000 6,900 6,700 14,000 Total (PJth) 2
Slide 11: Paralana Project Next Steps
Paralana Project Next Steps For personal use only › Project has followed clear plans and milestones with N spend tightly managed by JV to ensure value for partners, government and PTR shareholders. › Next step is to drill Paralana 3 deep producer well, perform large scale fracture stimulation works,
Slide 12: Commercialization Path
Commercialization Path For personal use only › Initial 3.5MW off-grid pilot plant to Beverley Mine (11 kms away). › Growing up to 30 MW to meet off- grid needs. › Long term path for large scale geothermal (300MW+) via the Clean Energy Precinct (gas, wind and solar), that aims to secure the large gro
Slide 13: HEWI and FABBI Resource Development Models
HEWI and FABBI Resource Development Models – Optimizing Temperature, Drilling Costs and Flow! For personal use only HEWI Targets Working in Sediment rather than Granite: Lower drilling costs (depth and rock hardness) Shallower depth (temperature gradients normally higher in sediment than grani
Slide 14: Extraction model for a pumped EGS well
Extraction model for a pumped EGS well Sanyal (Geothermex) et. al. 2007* Net MW Capacity of a Pumped Well vs Temperature For personal use only independent expert paper reports : (Binary Cycle Power Generation) Standard industry pump operating Source: Sanyal et. al. (2007) temperature limit is ~ 19
Slide 15: Paralana - Project Funding
Paralana - Project Funding › Next stage of works budgeted at around $26 million For personal use only › Covers drilling Paralana 3, fracture stimulation and demonstration of commercial flows. This work is the immediate precursor to building a 3.5 MW pilot plant. › Petratherm has lodged a $13 million
Slide 16: Key Milestones for the Paralana Geothermal Project
Key Milestones for the Paralana Geothermal Project For personal use only Paralana JV project planned milestones 1st Qtr 2011: Main fracture stimulation 3rd Qtr 2011 : Flow test 2nd half 2013: drilling of the Paralana 3 deep producer well Early 2014: Large scale hydraulic stimulation work
Slide 17: Clean Energy Precinct
Clean Energy Precinct For personal use only Plan to deliver 600 MW into a large growth market driven by Mining Developments It is the only site where Gas, Wind, Solar and Geothermal Converge Key enabler for delivery of large scale geothermal energy into the SA Power Grid Exclusive access to
Slide 18: Preliminary Resource Assessment Summary for Precinct
Preliminary Resource Assessment Summary for Precinct › For personal use only BOM data suggests solar resource 20 MJ/m²/day or (5kWh/m²/day). GH confirms it as an excellent solar resource › Expect competitive gas supply contract availability from Moomba producers › Expect sufficient gas pipeline
Slide 19: Clean Energy Precinct - Preliminary Wind Assessment
Clean Energy Precinct - Preliminary Wind Assessment For personal use only Preliminary wind assessment for a 150MW and 300MW wind farm by Garrad Hassan (GH) – world’s leading wind consultants Wind speeds in northwest area is assessed as being 7 x to 8 metres/sec at 100 metre height Capacity fac
Slide 20: Canary Islands Projects
Canary Islands Projects For personal use only Tenerife and Gran Canaria – licences awarded La Palma – licence application being assessed
Slide 21: Tenerife - Primary drill target
Tenerife - Primary drill target For personal use only Possible Drill site Schematic of the Geothermal System Geochemistry suggests a liquid dominated system and temperatures up to 240 oC beneath the volcanic dome Proposed test well to the base of the conductive layer – “the clay cap” at approxim
Slide 22: Petratherm's Five Key Areas of Differentiation
Petratherm’s Five Key Areas of Differentiation For personal use only 1. Business model Project selection – clearly filtered through resource, market and permitting JV partners with complementary skills/capabilities, funding capacity and risk appetite Project viability is project specific and a
Slide 23: Petratherm's Five Key Areas of Differentiation
Petratherm’s Five Key Areas of Differentiation For personal use only 4. Extraction model for EGS Optimization of key parameters for a pumped EGS geothermal well – drill depth/cost, temperature and target flow (HEWI) – technically valid/optimal approach* Focus on utilizing known and standard tech
Slide 24: For personal use only
For personal use only