Slide 1: CEDA 2008 Energy Overview Presentation
PETRATHERM LIMITED ASX Release ABN 17 106 806 884 For personal use only CEDA 2008 Energy Overview Presentation Australia’s Energy Future Petratherm’s Managing Director, Mr. Terry Kallis, will present this morning at CEDA’s 2008 Energy Overview forum being held at the Hyatt Regency Adelaide. CEDA’s A
Slide 2: CEDA – Energy Overview 2008: Australia's Energy Future
petratherm For personal use only CEDA – Energy Overview 2008 Australia’s Energy Future Meeting future energy requirements Terry Kallis Managing Director, Petratherm Limited Hyatt Regency Adelaide, October 2008 Explorer and Developer of Geothermal Energy
Slide 3: Petratherm Limited: Geothermal Energy Explorer & Developer
Petratherm Limited Geothermal Energy Explorer & Developer For personal use only • MEP major shareholder 34% • Market Cap $21 M, current price $0.35 with 58 M shares on issue, cash $4M Almazan • Four Australian projects in SA • Seven Spanish projects • Exclusive agreement to identify projects in Chin
Slide 4: Project Portfolio
Project Portfolio • International Geothermal For personal use only Explorer and Developer • Specialist Heat Explorer • EGS, Conventional and Direct Heat • Strategy – shallow hot rocks close to market & chance of flow! • HEWI Model – heat exchanger within insulator model petratherm Engineered Geother
Slide 5: Paralana Project
Paralana Project For personal use only 109oC • Heat flow of 128 mWm-2 petratherm • Modeled 200oc at 3.6km (Seismic Line 84 SPG)
Slide 6: 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, For personal use only market, permits/stakeholders • HEWI model approach to resource exploitation process for EGS/hot rock that
Slide 7: Petratherm Key Achievements 2007/2008
Petratherm Key Achievements 2007/2008 • TRUenergy JV for up to $57 M for 30% of Paralana Project (plus share of equity costs) – to complement existing up to $30 M JV for 36% with Beach For personal use only Petroleum - first $10.5 million per well will be funded by JV and REDI grant • Secured 2000 H
Slide 8: Global Context for Energy & Renewables
Global Context for Energy & Renewables (extract PTR Business Plan 2007) • Operating in an uncertain global economy and with more For personal use only volatile financial markets - European economies expected to slow, Asian economies to continue to grow strongly, Australian economy to remain strong b
Slide 9: SA Geothermal Projects
SA Geothermal Projects For personal use only • Many players – 33 Companies, 10 ASX listed • 277 GELs mostly in SA – PACE grants • Very large resources • Exploiting different geothermal resources mainly Hot Rock but also “Hot Water” petratherm
Slide 10: SA Wind Farms
SA Wind Farms • 19 active wind For personal use only projects • 335 MW operating • 340 MW under Ç construction Ç Ç • 600 MW to 700 MW under consideration, mainly mid north Ç Ç • Highest penetration of Ç all Australian states and internationally Ç Operating Wind Farms Ç high percentage petratherm Tra
Slide 11: Long Run Costs of Australian Energy Technologies
Long Run Costs of Australian Energy Technologies ESIPC Annual Planning Report 2008 For personal use only 1400 Sub_Cr_BlkCoal (600 MW (CF 90%)) Sub_Cr_BlkCoal + CCS (400 MW (CF 90%)) Sup_Cr_BlkCoal (550 MW (CF 90%)) Sup_Cr_BlkCoal + CCS (550 MW (CF 90%)) UltraSup_Cr_BlkCoal (550 MW (CF 90%)) UltraSup
Slide 12: Long Run Costs of Renewable Energy Technologies
Long Run Costs of Renewable Energy Technologies Advantages of Geothermal Energy include: • Large scale base load For personal use only • Large resources and reserves • Expected to be lowest cost renewable energy source Extract from McLennan Magasanik Associates Independent Report 2007 “Renewable Ene
Slide 13: MMA Report on Geothermal - Findings
MMA Report on Geothermal - Findings For personal use only • Australian Geothermal Energy Industry can be expected to provide up to 2,200 MWs of base‐load capacity by 2020 into National Electricity Market; • Represents up to 40% of the Federal Government’s 2020 Renewable Energy target of 45,000 GWh ‐
Slide 14: MMA Report - Geothermal Generation Potential: Investment Profile
MMA Report - Geothermal Generation Potential Investment Profile For personal use only 2,500 14,000 12,000 2,000 10,000 Cumulative installed capacity (MW) Cumulative investment (2008 $M) 1,500 8,000 6,000 1,000 4,000 500 2,000 - - 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Cumul
Slide 15: MMA Report - Scale and Production Cost
MMA Report - Geothermal Generation Potential Scale and Production Cost For personal use only Average levellised generation cost (2008 $/MWh) $140 $120 $100 Pilot 5 MW $80 Demonstration $60 25 MW $40 Commercial 300 MW $20 $0 Stage
Slide 16: MMA Report - Scale and Production Costs
MMA Report - Geothermal Generation Potential Scale and Production Costs For personal use only 160 Demonstration stage Levellised generation cost (2008 $ / MWh) 140 Commercial stage 120 100 80 60 40 20 0 - 500 1,000 1,500 2,000 2,500 Cumulative installed capacity (MW)
Slide 17: Opportunities for Australian Renewable Energy
Opportunities for Australian Renewable Energy • Government 20% Renewables by 2020 – 45,000 GWh For personal use only • Emissions Trading Scheme by 2011 and revised Mandatory Renewable Energy Target (carbon pricing and RECs - combination) • Wind will feature strongly but emerging technologies will pl
Slide 18: Threats to Australian Renewable Energy
Threats to Australian Renewable Energy For personal use only Source: The Advertiser
Slide 19: Thank You
For personal use only Thank You petratherm ASX Code: PTR www.petratherm.com.au Phone: (08) 8274 5000