PTR Minerals Limited · ASX:PTR
PTR Minerals — Petratherm — Australian Geothermal Energy Conference 2008
21 slides from PTR Minerals's conference presentation, Aug 20, 2008
Slide 1: ASX Release: Company Update
ASX Release PETRATHERM LIMITED ABN 17 106 806 884 Company Update Australian Geothermal Energy Conference Petratherm’s Managing Director, Mr. Terry Kallis and Exploration Manager, Mr. Peter Reid, will present on Wednesday morning an update on the Company’s activities on the first day of the 2008 Aust
Slide 2: Australian Geothermal Energy Conference
petratherm 20 August 2008 Australian Geothermal Energy Conference Presented by: Terry Kallis - Managing Director & Peter Reid - Exploration Manager Petratherm Limited Explorer and Developer of Geothermal Energy
Slide 3: Disclaimer
Disclaimer This presentation has been prepared by Petratherm Limited (Petratherm). The information contained in this presentation is a professional opinion only and is given in good faith. Certain information in this document has been derived from third parties and though Petratherm has no reason to
Slide 4: Mission and Business Model
petratherm Mission “to explore for and develop, emission free, geothermal energy projects that are commercially sustainable” Business Model “to develop a portfolio of quality geothermal energy projects conventional and EGS – for power and/or heat – where there is a favourable combination of geology
Slide 5: Corporate Overview
Corporate Overview petratherm • ASX listing July 2004 • Minotaur Exploration ~ 34% • Market Cap of $ 35 M; current price $0.60 with 57.9 M shares on issue; cash $4.5 M • 4 projects in South Australia and 7 projects in Spain • Flagship Project - Paralana • Exclusive government supported exploration a
Slide 6: Strategic Skills Base
petratherm - Strategic Skills Base Combined skills and experience of the Board, Management, Partners and Consultants capable of delivering successful geothermal energy projects – from underground resource through to market Petratherm geological, renewable energy, exploration, project development Bea
Slide 7: Paralana Project Joint Venture
Paralana Project Joint Venture – Beach Petroleum Farmin (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 stage – TRUenergy Farmin (Aug 20
Slide 8: Paralana Project – Plan to be commercially viable at all Stages
Paralana Project – Plan to be commercially viable at all Stages ! – $5M Federal REDI Grant – Beach and TRUenergy Farm-ins – Off grid Market ~ Heathgate’s Beverley Uranium Mine – Staged capacity 7.5, 30, 260 and 520 MW – Next step is drilling 4 km HEWI wells
Slide 9: Project Costs and Wind Comparison
Project Costs and Wind Comparison – Stage 1 - HEWI model $25M to $30M – Stage 2 - 7.5 MW pilot plant – add’nl $40M to $45M – Stage 3 - 30 MW demo. plant –add’nl $125M to $130M – Total 30 MW Project estimate* around $190M to $200M (*total current cost estimates and includes all transmission/substatio
Slide 10: Petratherm Key Points of Differentiation
Petratherm Key Points of Differentiation • Unique approach to “exploration for heat” and its commercial assessment of projects - “location, location, location” – resource, market, permits/stakeholders • HEWI model approach to resource exploitation process for EGS/hot rock that aims reduce costs and
Slide 11: Project Portfolio
Project Portfolio • International Geothermal Explorer and Developer TAG • Specialist Heat Explorer • EGS, Conventional and Direct Heat • Strategy – shallow hot rocks close to market & chance of flow! petratherm Engineered Geothermal Systems (EGS)
Slide 12: Paralana Project
Paralana Project 109oC • Heat flow of 128 mWm-2 petratherm • Modeled 200oc at 3.6km (Seismic Line 84 SPG)
Slide 13: Paralana 2008 - Development Path
Paralana 2008 - Development Path • 2D Reflection Seismic and MT Surveys • Installed Passive Seismic Array (IESE) • Cleared 1kmX 2km development site • Casing and well head ordered • Drilling contract – watch this space !
Slide 14: Paralana 2009 Development Plan
Paralana 2009 Development Plan • Last Q08 / First Q09 1st Deep Well to ~ 4 Kms • Well testing and stimulation program • 4th Quarter 2009 2nd Deep Well Heat Exchanger Within Insulator (HEWI) Model petratherm
Slide 15: Petratherm Espana
Petratherm Espana •Right Geological environment for geothermal technologies •First Mover Advantage •High Electricity Prices •Eight Projects – Conventional Geothermal, direct heat use & Engineered Geothermal (EGS) • Strong Corporate and Government Interest petratherm
Slide 16: Petratherm Spanish Projects
Petratherm Spanish Projects Barcelona Barcelona Almazan Madrid Madrid Murcia Andalucia Tenerife Islands Tenerife Gran Canaria Gran Canaria
Slide 17: Tenerife Project
Tenerife Project • Active Volcanic Terrain Bottom hole gradient 94 oC/Km • Tenerife Population ~ 1 Million; load > 800 MW; Off-grid - (Diesel & Wind) • MT data consistent with magma (source ITER 2008) chamber at 3-4 km below surface • Recent analysis by ITER indicates presence of a hydrothermal syst
Slide 18: Madrid - District Heating Project
Madrid - District Heating Project •Three 2000m wells have been drilled, defining an area of at least 50km2, 80oC fluid at 200 m3/hr at approximately 1500-2000m depth. •Geomadrid Prefeasibility Study indicates– doublets Producing 8MWt with an annual production in excess of 45,000MWh (thermal) •Expect
Slide 19: Finding Hot Rocks in China
Finding Hot Rocks in China petratherm
Slide 20: Yunnan
Yunnan Potential temperatures at 5km petratherm
Slide 21: Thank You
Thank You petratherm ASX Code: PTR www.petratherm.com.au Phone: (08) 8274 5000
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