Ptr Minerals Limited · ASX:PTR
Ptr Minerals — Petratherm — 2009 Australian Geothermal Energy Conference
25 slides from Ptr Minerals's conference presentation, Nov 11, 2009
Slide 1: AGEA Chairman presentation to 2009 Australian Geothermal Energy Conference
ASX Release For personal use only PETRATHERM LIMITED ABN 17 106 806 884 AGEA Chairman presentation to 2009 Australian Geothermal Energy Conference Petratherm’s Managing Director, Terry Kallis, will present later today as Chairman of the Australian Geothermal Energy Association to the 2009 Australian
Slide 2: Outlook for 2010 and beyond
2009 Australian Geothermal Energy Conference For personal use only “Outlook for 2010 and beyond” 11 November 2009 Terry Kallis Chairman, Australian Geothermal Energy Association Slide 1
Slide 3: Key Messages
Key Messages For personal use only Activity will accelerate through 2010 Funding is critical – equity, JV and grants Regulatory environment will be in place Legislation RET and CPRS NEM changes Geothermal reporting – resources & economics Beyond 2010 Potential is enormous, profound
Slide 4: Presentation Outline
Presentation Outline For personal use only Industry Overview Renewable Energy Policy and Geothermal Landmark reports – MMA Outlook for 2010 Beyond 2010 Other matters..... Slide 3
Slide 5: Geothermal resource in Australia
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 6: Geothermal energy projects: Industry Snapshot
For personal use only Geothermal energy projects Industry Snapshot • GELS/GELAS • Australia 383 • Expenditure more than $1,500 million Geothermal well • 48 companies in total Exploration licence Exploration licence application • 10 ASX listed geothermal Acreage offered for work program bids • 7 ASX
Slide 7: Renewable energy policy and geothermal
Renewable energy policy and geothermal For personal use only Strong Federal and State Government Strong industry support networks • $50 million geothermal drilling program with a • Geothermal energy industry maximum $7 million/project ($14m awarded) development framework (DRET) • $300 million Renewa
Slide 8: Landmark independent industry reports
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 expected to build up
Slide 9: Landmark independent industry reports
Landmark independent industry reports For personal use only Slide 8
Slide 10: Landmark independent industry reports
Landmark independent industry reports 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 million
Slide 11: Industry Outlook for 2010
For personal use only Industry Outlook for 2010 • 2010 a “watershed” year for the industry where activity will be accelerated across the board • Proof of concept (POC) drilling underway in at least 7 projects (GDP), only limited by availability of drilling rigs • Expect there to be successes and fai
Slide 12: Industry Outlook for 2010
For personal use only Industry Outlook for 2010 • Others planning to drill deep (POC) wells in 2010 – Greenearth, Torrens, Green Rock, Hot Rock …..others? • Additional drilling rigs to be available to enter the market – existing and new imports • At least three new players entering into joint ventur
Slide 13: Industry Outlook for 2010
For personal use only Industry Outlook for 2010 • Legislative and regulatory changes to increase exploration licenses and permits across Australia • Beginnings of consolidation in the industry – driven primarily by funding needs (JV, grants & equity) but also by needs for skills and critical mass •
Slide 14: Industry Outlook beyond 2010
For personal use only Industry Outlook beyond 2010 • The potential of the industry is enormous by 2020 and out to 2030 • Lowest cost source of renewable energy – bar none before 2020 • Longer term (30 years) to be directly competitive with coal – without subsidy • “Coal seam gas in the making” - man
Slide 15: Industry Outlook beyond 2010
For personal use only Industry Outlook beyond 2010 • Forefront of EGS technology development in Australia – leverage into much larger markets - USA, Europe, China, India • Increased attention on geothermal energy generally across the world – US DoE, Australia, Europe • Large new entrants will appear
Slide 16: Industry Outlook beyond 2010
For personal use only Industry Outlook beyond 2010
Slide 17: Key Messages
Key Messages For personal use only Activity will accelerate through 2010 Funding is critical – equity, JV and grants Regulatory environment will be in place Legislation RET and CPRS NEM changes Geothermal reporting – resources & economics Beyond 2010 Potential is enormous, profound
Slide 18: Industry Outlook beyond 2010
For personal use only Industry Outlook beyond 2010 • Predict a very bright outlook for the Industry • Contingent on success and significant progress by the industry over the next few years “ The ball is in our court ”
Slide 19: AGEA/AGEG Thank You's
AGEA/AGEG Thank You’s For personal use only AGEA Executive Adrian Williams (Deputy Chairman) Chris Matthews (Treasurer) Alan Knights (Secretary) John Libby (Committee) Kerry Parker (Committee) AGEA staff Susan Jeanes and Vicki Cleveland AGEC Committee – Tony Hill (Chair) State Conv
Slide 20: WGC2010 World Geothermal Congress
WGC2010 World Geothermal Congress 25.— 30 April 2010 “that ct Bali International Convention Centre, Nusa Dua Bali= Indonesia GEUIerMal- Ie Energy ko Change the Wand
Slide 21: Conference Venue Bali
Conference Venue Bali… For personal use only Nusa Dua Hotels and Facilities Bali International Conference Center
Slide 22: For personal use only
For personal use only o Short Courses - Wednesday, 21-25 April 2010 o Pre Congress events, Trips & Cocktail Parties - Sunday, 25 April 2010 o Congress Events - Monday, 26-30 April 2010 o Post Congress events and Field Trips/Tour - Saturday, 1-3 May 2008 o Exhibtion - 26-30 April 2010
Slide 23: Important Dates
For personal use only Important Dates…
Slide 24: Detailed information available at www.WGC2010.org
207 days to the Congress For personal use only Detailed information available at www.WGC2010.org Register now or earlier… for Early Bird Discounts…!! International Geothermal Association Indonesia Geothermal Association
Slide 25: And Breaking News: Joint bid wins WGC2015
And Breaking News … For personal use only Australia/New Zealand Joint bid wins WGC2015 See you in Melbourne In 2015 !!
Petratherm — 2009 Australian Geothermal Energy Conference on 6ix