Ptr Minerals Limited · ASX:PTR
Ptr Minerals — Petratherm — South Australian Resources and Energy Investment Conference 2010
17 slides from Ptr Minerals's conference presentation, May 4, 2010
Slide 1: Petratherm 2010 – Company and Projects Update
Petratherm 2010 – For personal use only Company and Projects Update South Australian Resources and Energy Investment Conference Presented by Exploration Manager Peter Reid
Slide 2: 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 3: 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 4: Petratherm - Corporate and financial
Petratherm - Corporate and financial For personal use only Listed ASX:PTR › Shares on Issue: 108 m › Share Price: $0.23 (3 May 2010) › Market Cap: $ 25 m › Cash Position: $ 1.6 mill (31st March) + $ 4.1 mill from recent capital raising › Shareholders: 3,717 shareholders › Minotaur Exploration 19 % ›
Slide 5: Our board
Our board For personal use only Board Skills and capabilities › Financial Management › Legal › Marketing › Project Management Derek Carter Simon O’Loughlin Richard Hillis › Corporate Governance Chairman Director Director › Exploration and Development › Geology and Geophysics › Resources and Energy ›
Slide 6: Business model
Business model For personal use only “Explore for and develop emission free geothermal energy projects that are commercially sustainable” › Explore both conventional and engineered geothermal systems – for power and heat › Find a favorable combination of geology and market conditions - “shallow hot
Slide 7: 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 8: 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 > 85 Semi-Trailer Loads > Spudded June 30, 2009 petratherm
Slide 9: Paralana – Drilling finished to 4012 M – Nov 2009
Paralana 2 – Drilling finished 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 › Conservatively drilled to ensure success to 4012m › Wireline and LWD logging completed › Well cased an
Slide 10: Paralana – Reservoir Characteristics
Paralana 2 – Reservoir Characteristics For personal use only > Inflow zones from 3690m > Zr dataing confirms old 1590Ma Reservoir Sequence > Contains numerous fractures and faults > High pressure geothermal brines intersected > 2D Seismic suggests fractured reservoir sequence is regionally extensive
Slide 11: Current Planned Future Work Program
Current Planned Future Work Program For personal use only > 2nd Qtr 2010: Well perforation and Injectivity test > 3rd Qtr 2010: Fracture stimulation – link into over pressured zone! > 4th Qtr 2010/1st Qtr 2011: Drilling of the Paralana 3 deep producer well > 2nd Qtr 2011: Circulation Test – Proof of
Slide 12: Project joint venture – cost estimates
Project joint venture – cost estimates (assumes JV earn-in options exercised) › Proof of Concept - next steps For personal use only Project JV costs PTR cost › Fracture stimulate – Paralana 2 $2m $1.4m 1 › Drill producer well – Paralana 3* $15m - $18m $2.1m - $4.1m 2 › Fracture stimulate/circulate $
Slide 13: Spain – Enel Green Power deal
Spain – Enel Green Power deal › Enel Green Power has more than For personal use only 700 MW of operating geothermal plants › Joint development of all electricity producing projects in Spain and Portugal › Portugal has feed in tariff of over €280/MWh ($420/MWh) for geothermal energy › Direct and exte
Slide 14: Tenerife MT Results
Tenerife MT Results For personal use only Slim line drill target, 1500-2000m to base of conductive layer
Slide 15: Spain – Madrid geothermal district heating (GDH) project
Spain – Madrid geothermal district heating (GDH)project For personal use only › Geomadrid 1 Well - at 1550m is 75oC fluid at 200 m3/hr flow › Initial demand study identified 38,000 Mht/yr market › Agreement with Spanish Federal and Madrid Regional Governments to promote development › Load Match Engi
Slide 16: Heliotherm – a unique solar thermal R & D project
Heliotherm – a unique solar thermal R & D project For personal use only › Heliotherm Limited is a 100 per cent subsidiary of PTR awarded two SA government grants for a total of $1.5 million › Exclusive agreement with University of Adelaide to develop the solar thermal technology that combines with g
Slide 17: For personal use only
For personal use only
Petratherm — South Australian Resources and Energy Investment Conference 2010 on 6ix