Ptr Minerals Limited · ASX:PTR
Ptr Minerals — Petratherm — 2009 Australian Geothermal Energy Conference
31 slides from Ptr Minerals's conference presentation, Nov 11, 2009
Slide 1: MD's presentation to the 2009 Australian Geothermal Energy Conference
ASX Release PETRATHERM LIMITED ABN 17 106 806 884 For personal use only MD’s presentation to the 2009 Australian Geothermal Energy Conference Petratherm’s Managing Director, Terry Kallis, will present later today an update on the company and its projects to the 2009 Australian Geothermal Energy Conf
Slide 2: Company and Projects Update
For personal use only Petratherm 2009 Australian Geothermal Energy Conference Company and Projects Update Presented by Managing Director Terry Kallis 11 November, 2009
Slide 3: For personal use only
For personal use only
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: Presentation Overview
Presentation Overview For personal use only › Introduction – Paralana DVD › Corporate Overview › Geothermal energy technologies and cost drivers › Project portfolio › Paralana JV project › East Gippsland › Spain – Madrid, Barcelona and Canary Islands › China › Background slides – industry informatio
Slide 6: 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 › Barcelona › Canary Islands, Tenerife › Victoria‟s East Gippsland Basin › Ch
Slide 7: Corporate and financial
Corporate and financial For personal use only Listed ASX:PTR Joint Venture Partners and Alliances › Shares on Issue: 94.45 million › Paralana › Share Price: $0.44 (6 Nov) › Beach Petroleum (up to 36 per cent for $30m) › Market Cap: $ 41.6 million (6 Nov) › TRUenergy (up to 30 per cent for $57m) › Ca
Slide 8: 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 › Marketing Derek Carter Simon O’Loughlin Richard Hillis Chairman Director Director › Project Management › Corporate Governance › Exploratio
Slide 9: 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 10: 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 11: Our Australian projects
Our Australian projects For personal use only › Our flagship Paralana project › Drilling campaign at our site 600km north of Adelaide is nearing completion (refer presentation by Peter Reid, PTR Exploration Manager on 12 November at 1:15 pm Stream 1 - Exploration) › East Gippsland in Victoria › Awar
Slide 12: Paralana geothermal energy JV project - snapshot
Paralana geothermal energy JV project - snapshot For personal use only › Anecdotal evidence from the Paralana hot springs in the nearby Flinders ranges › High heat flow - 128 mW/m² › Measured temperature of 109˚C at 1807m › Mature basin, stable formations, no hydrocarbons › Inferred geothermal resou
Slide 13: Paralana well drilling – key success factors
Paralana 2 well drilling – key success factors For personal use only › The well is stable with no technical challenges experienced and was terminated at a depth of 4,012m › Key success factors developed to guide Paralana project and incorporated in JV decision-making, GDP grant contract and REDP gra
Slide 14: Paralana project – HEWI model and economic assumptions
Paralana project – HEWI model and economic assumptions Key Economic Assumptions: For personal use only › Temp. of 170˚C to 200˚C at 3,600m to 4,000m › Flow rate of 75 litres per sec – conservative compared with other public announcements › Net output per production well of 3.75 MW based on flow and
Slide 15: Paralana joint venture arrangements
Paralana joint venture arrangements For personal use only › Beach Petroleum Farm-in (Jan 2007) for up to $30M for 36% › $5M first well and stimulation › $5M second well and stimulation – earns 21 % › After HEWI – Option to earn a further 15% for $20M › Plus equity share of project costs at every sta
Slide 16: Joint Venture Contributions post HEWI
Joint Venture Contributions post HEWI*(*assumes all options exercised and cost targets met) For personal use only Forecast Beach TRU PTR Capital Contribution Contribution Contribution Cost ($m) ($m) ($m) ($m) Without REDP grant 7.5 MW (1 well plus $45m $29.0m $10.8m $5.3m plant plus transmission) 30
Slide 17: Australia - East Gippsland, Victoria
Australia - East Gippsland, Victoria For personal use only › Petratherm has a 9,000km2 geothermal exploration permit for the East Gippsland Basin in Victoria › Hot Sedimentary Aquifer Project › Favorable transmission connection options to the National Electricity Market › Expect fluid in excess of 1
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 - Barcelona
Spain - Barcelona For personal use only › Petratherm has four geothermal investigation permits covering areas within the Valles and Ebro Basins near the city of Barcelona › Close to major electricity transmission infrastructure › The geology and market characteristics make the area attractive for ge
Slide 21: 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 22: China
China Major Growth Potential 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 Institut
Slide 23: What makes us different
What makes us different For personal use only › Unique approach to exploration for heat › Heat Exchanger Within Insulator model (HEWI) › Quality international portfolio across the geothermal technologies - engineered geothermal systems, district heating, hot sedimentary aquifer and volcanic › Flagsh
Slide 24: www.petratherm.com.au
For personal use only www.petratherm.com.au
Slide 25: Background slide - Geothermal resource in Australia
Background slide - Geothermal resource in Australia For personal use only Indicative Resource › Australia’s hot rock energy is estimated to be 150oC to 5km, or about 1.2 billion PJ › This is equivalent to about 26,000 times the annual primary energy use in Australia
Slide 26: Background slide - Growth in geothermal energy projects
Background slide - Growth in geothermal energy projects For personal use only Industry Snapshot › GELS/GELAS › Australia 383 › Expenditure more than $1,500 Million › 48 companies in total › 10 ASX listed geothermal › 7 ASX listed energy Geothermal well Exploration licence Exploration licence applica
Slide 27: Background slide - Landmark independent industry reports
Background slide - Landmark independent industry reports For personal use only › Independent reports by McLennan Magasanik Associates – 2007 & 2008 › Geothermal energy is expected to be the lowest cost from renewable energy by 2030 and directly competitive with coal by 2050 › Geothermal energy is ex
Slide 28: Background slide - Australian geothermal industry summary and challenges
Background slide - Australian geothermal industry summary and challenges For personal use only › Geothermal energy has the potential to provide large scale, base load and low- cost renewable energy - $120/MWh (50MW) and $80/MWh (>300 MW) › Australia has the key ingredients for developing successful
Slide 29: Background slide - Renewable energy policy and geothermal
Background slide - Renewable energy policy and geothermal For personal use only Strong Federal and State Strong industry networks Government support › $50 million geothermal drilling › Geothermal energy industry program with a maximum $7 million development framework per project › Australian Geother
Slide 30: Background slide - Paralana transmission plan
Background slide - Paralana transmission plan For personal use only › Close to customer at the Beverley mine – only 10 kilometres away › Plans for mine expansions - Four Mile deposit and new areas under exploration › Longer term plan to supply large- scale base load power through entry points at Por
Slide 31: Background slide - Industry transmission plan – northern SA
Background slide - 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 ben
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