Slide 1: ASX Release: EcoGen 2010 Conference
ASX Release For personal use only PETRATHERM LIMITED ABN 17 106 806 884 EcoGen 2010 Conference Later this morning, Petratherm’s Managing Director, Terry Kallis, will present to the EcoGen 2010 Conference. The conference is being held at the Sydney Convention & Exhibition Centre and the topic of the
Slide 2: Geothermal Energy: The cheapest new base load solution
ECOGEN2010 For personal use only Sydney Convention & Exhibition Centre Geothermal Energy “The cheapest new base load solution” Paralana Geothermal Energy JV Project Terry Kallis, Managing Director September 2010
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 Geothermal Energy JV Project
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: 111.7 m › Share Price: $ 0.18 › Market Cap: $ 20.11 m › Cash Position: $ 2.67 m (30 June 2010) › Shareholders: 3,655 shareholders › Minotaur Exploration 18.4 % › Australian Ethical Investments 5.1 % Paralana
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 well drilling – key success factors
Paralana 2 well drilling – key success factors For personal use only Key success factors for the Paralana 2 well are: › Equal/better industry safety & environment benchmarks › Target a minimum drill depth of 3600m and maximum drill depth of 4000m › Achieve a minimum temperature of 170˚C at 400
Slide 11: 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 › Fracture stimulation › Inject larger volume of water at highe
Slide 12: Paralana well summary
Paralana 2 well summary › For personal use only Depth 4012m › Well cased and cemented to 3725m › Extrapolated bottom hole temperature ~ 190oC › High pressure geothermal brines intersected from 3690m Casing Perforation › Zircon dating confirms old 1590Ma and Reservoir Sequence Injectivity Test › Cont
Slide 13: 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
Slide 14: Regional and Local Seismic Events
Recording Period April 08 – June 09 Regional and Local Seismic Events For personal use only › Example of some results from last year › Local and regional events › Relative ML of ML-1 to ML 4
Slide 15: Regional community consultation – May 10-13, 2010
Regional community consultation – May 10-13, 2010 For personal use only Nepabunna › Petratherm and PIRSA › Port Augusta, Leigh Creek, Hawker, Nepabunna, Arkaroola and Quorn › Update on project and outline of next work stage – fracture stimulation Mike Malavazos › Consultation well received by commun
Slide 16: 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 17: Industry transmission plan – northern SA
Industry transmission plan – northern SA For personal use only › 2009 independent report by McLennan Magasanik & Associates (MMA) shows savings in linking geothermal projects in the northern part of South Australia early to the National Electricity Market (NEM) › MMA estimates benefits of $860 milli
Slide 18: Outlook for 2010 and beyond
Outlook for 2010 and beyond For personal use only Paralana JV project milestones › 3rd Qtr 2010: Mini fracture program/fracture stimulation design › 4th Qtr 2010: Multi-zone fracture stimulation › 1st half 011: drilling of the Paralana 3 deep producer well › 2nd half 2011: Circulation Test – Proof o
Slide 19: www.petratherm.com.au
For personal use only www.petratherm.com.au
Slide 20: Diverse portfolio of quality geothermal projects
Diverse portfolio of quality geothermal projects For personal use only Operating Project Examples Key Project Parameters Paris basin district heating › Temperature › Drilling depth Azores volcanic › Flow rate › Network connection › Generation plant type Imperial Valley HSA › Market/Customer Heber pl