Ptr Minerals Limited · ASX:PTR
Ptr Minerals — Petratherm — Citi Smith Barney Client Seminar (October 2007)
20 slides from Ptr Minerals's conference presentation, Oct 24, 2007
Slide 1: Building a portfolio of quality geothermal energy projects
petratherm For personal use only citi smith barney Client Seminar “Building a portfolio of quality geothermal energy projects – Australia and Overseas” Presented by: Terry Kallis, Managing Director Petratherm Limited Italian Centre Adelaide, 23 October 2007 Explorer and Developer of Geothermal Energ
Slide 2: Key Messages / Corporate Overview
Key Messages • Petratherm’s key strength lies in its approach to “exploration for For personal use only heat” and its commercial assessment of projects - “location, location, location”. • The approach has resulted in a portfolio of quality projects in Australia and Overseas – first mover in Spain fo
Slide 3: Board & Management / Corporate Overview
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 Corporate Overview • Por
Slide 4: 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. Enhanced Geothermal Systems Prime Cost Drivers • Temperature Differential • Drilling Depth • Flow Rate • Network Connection • Generation Plant Petratherm is seeking to opt
Slide 5: Heat Exchanger Within Insulator (HEWI) Model
Heat Exchanger Within Insulator (HEWI) Model EGS - For personal use only enhance/engineer the geothermal system that is underground heat exchanger • Higher Permeability • Chemically Stable • No Potential Radon build up • Lower Risk = Cheaper Power! petratherm Petratherm’s SA Projects 5
Slide 6: Paralana Hot Springs
Paralana Hot Springs – 620C For personal use only Outstanding Thermal Resource petratherm 6
Slide 7: Paralana Geothermal Energy JV Project
Phase 3 drilling Paralana Work Program For personal use only 109oC petratherm Temperature measurements indicate 200 degrees C at 3.6km Paralana Geothermal Energy JV Project • Paralana Geothermal Energy JV Project exhibits the key ingredients for success – Excellent thermal resource at shallow depths
Slide 8: Energy Country Attractiveness Indices
Ranking Country All Renewables Renewable Renewables Infrastructure Index Index Energy 1 Spain 69 80 For personal use only Country 2 USA 67 70 3 Germany 62 56 Attractiveness 4 India 61 66 Indices 5 UK 60 61 6 Italy 58 63 7 France 57 55 8 Portugal 56 63 • Tariffs 9 China 56 59 10 Canada 55 63 • Resour
Slide 9: Petratherm Espana / Madrid Project
Petratherm Espana • Expanding Project Portfolio For personal use only • Strong Corporate Interest • High Electricity Prices • Leading Policy Development • Conventional geothermal and direct use options • = Lower Risk! petratherm Madrid Project – Madrid Basin • Tenement Area 300 km2 • Location 25KM N
Slide 10: Madrid Basin Direct Heating / Barcelona Project
Madrid Basin – Direct Heating For personal use only Madrid Tenement Temperature at 1100m (Cuchi et al., En.Geol. 2000) petratherm Barcelona Project – Valles Basin • Adjoining Tenements located 30 kms NNE of Barcelona • Central to major electricity infrastructure, >2000 MW of capacity capacity • Area
Slide 11: Tenerife Project / China APP Program
Tenerife Project For personal use only • Active Volcanic System • Magma Chamber 3-4 km below surface • Large geochemical data base (ITER) • Off-grid pricing (currently Diesel) • Large load > 800 MW 20 km petratherm China – APP Program • Asia Pacific Partnership Approved Project (APP) with the suppor
Slide 12: China – APP Program
China – APP Program For personal use only Heat Flow Map of China Source: Hu Shengbiao, He Lijuan and Wang Jiyang. 2000. Negotiating Cooperative Agreement • Chinese Geothermal Energy Society • Geological Survey of China • Chinese Academy of Science • China Institute of Geo-Environment Monitoring Boil
Slide 13: Petratherm - Key Achievements
Petratherm - Key Achievements • Discovery of world- world-class heat resource at Paralana, South Australia. For personal use only • Established an MOU with Heathgate Resources to provide their Beverley Uranium Mine with electricity to meet their growing needs. needs. • Secured approval to investigat
Slide 14: Share Price History / Geothermal Energy and Electricity Markets
Petratherm - Share Price History For personal use only 160 Spanish media coy New Conventional Geothermal becomes 1% Project for Tenerife 140 stakeholder US M orgage Crisis 120 6 Mill. Placement Federal Govt. $5 million Grant Cents ($AUD) 100 Heat Flow Measurement 80 Barcelona Project 60 High Well Te
Slide 15: Geothermal Energy and Electricity Markets – Australia
Geothermal Energy and Electricity Markets Australia For personal use only • Review of the Energy White Paper and current policy on renewable and low emission energy technologies – Emissions Trading and Renewable Energy • Strong support for geothermal energy due to competitive, large scale, base load
Slide 16: South Australian heat flow / Geothermal Energy Project Economics
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 Proactive Petratherm Blanche 1 Green Rock Eden • Large resources Proactive Paralana 1B Torrens • Explo
Slide 17: Network Access & Connection / Electricity Market & Network Issues
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 18: Summary – Geothermal Energy Economics
Summary – Geothermal Energy Economics For personal use only • Geothermal Energy Projects have the potential to provide very cost competitive electricity generation • The Australian NEM is competitive market but it is characterized by loosely interconnected regional markets – many constraints • Econo
Slide 19: Paralana Commercialization Plans
Paralana Commercialization Plans For personal use only • Staged local expansion from 7.5 MW to 30.0 MW (from end 2009/early 2010) – network capital costs range between 8% and 10% of total capital costs – uniquely positioned with a willing potential customer at “off grid” prices • Realistic large-sca
Slide 20: Summary
Summary • Petratherm’s key strength lies in its approach to “exploration for heat” and its commercial assessment of projects – understanding For personal use only the “three locations”. • The approach has resulted in a portfolio of quality projects in Australia and Overseas – first mover in Spain fo
Petratherm — Citi Smith Barney Client Seminar (October 2007) on 6ix