Ptr Minerals Limited · ASX:PTR
Ptr Minerals — Petratherm — Investor Presentation (December 2009)
34 slides from Ptr Minerals's investor presentation, Dec 7, 2009
Slide 1: MD presentation to European Investors
ASX Release PETRATHERM LIMITED ABN 17 106 806 884 For personal use only MD presentation to European Investors Petratherm’s Managing Director, Terry Kallis, will present over the next two days an update on the Company’s activities and projects to potential investors in London, Rome and Madrid. Key po
Slide 2: European Investor Presentation
For personal use only Petratherm European Investor Presentation Company and Projects Update Presented by Managing Director Terry Kallis 7 December, 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 › Company and Projects Update › Recent Achievements › Paralana JV project › East Gippsland › Spain – Madrid, Barcelona and Canary Islands › China › Outlook for 2010 and beyond
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: $0.37 (3 Dec) › Beach Petroleum (up to 36 per cent for › Market Cap: $35.0 million (3 Dec) $30m) › Cash Position: $8.7 million (23 Nov) › TRUen
Slide 8: PTR Share Price and Volume 2009
For personal use only Price ($) 0.1 0.3 0.4 0.2 0.5 0.05 0.15 0.25 0.35 0.45 0 2/01/2009 16/01/20… 30/01/20… 13/02/20… 27/02/20… 13/03/20… 27/03/20… 10/04/20… Petratherm share price 24/04/20… 8/05/2009 22/05/20… 5/06/2009 19/06/20… 3/07/2009 17/07/20… 31/07/20… 14/08/20… 28/08/20… PTR Share Price an
Slide 9: 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 Derek Carter Simon O’Loughlin Richard Hillis Chairman Director Director › Marketing › Project Management › Corporate Governance › Exploratio
Slide 10: 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 11: Recent achievements
Recent achievements For personal use only › Emerged from a challenging financial year in a strong position › Drilling commenced with Ministerial Launch and has now reached target depth of 4012 metres › TRUenergy signs as a joint venture partner › Paralana JV is awarded a $7 million geothermal drilli
Slide 12: Recent achievements
Recent achievements For personal use only › Paralana awarded $62.8 million Renewable Energy Demonstration Program Grant › $7.3 million raised in placement and Share Purchase Plan › Cooperative Agreement with Spanish Governments on the Geo-Madrid project › Exploration/assessments continue in Spain, C
Slide 13: 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 14: Renewable energy policy and geothermal
Renewable energy policy and geothermal Strong Federal and State Strong industry networks For personal use only Government support › $50 million geothermal drilling › Geothermal energy industry program with a maximum $7 million development framework per project › Australian Geothermal Energy › $300 m
Slide 15: Our Australian projects
Our Australian projects For personal use only › Paralana project › 2000 HP drilling rig brought into Australia by Petratherm and our JV partners - now available to geothermal industry enabling other projects › Drilling of Paralana 2 well reached target depth of 4012 metres at our site 600km north of
Slide 16: 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 17: Paralana well drilling – key success factors
Paralana 2 well drilling – key success factors › For personal use only The well was terminated at a depth of 4,012m, took longer and cost more than originally planned › Key success factors developed to guide Paralana project and incorporated in JV decision-making, GDP grant contract and REDP grant a
Slide 18: 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 i
Slide 19: 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 $20M › Plus equity share of project costs at every sta
Slide 20: Joint Venture Contributions post HEWI
Joint Venture Contributions post HEWI (assumes earn-in options exercised) Project costs to 2014 for 30 MW project – almost free carry For personal use only Forecast Beach TRU PTR With REDP – Base Capital Contribution Contribution Contribution Case Cost Assumption Cost ($m) ($m) ($m) ($m) 7.5 MW (1 w
Slide 21: Paralana transmission plan
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 Port Augusta and Olymp
Slide 22: Industry transmission plan – northern SA
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 benefits of $860 milli
Slide 23: MMA Report transmission line assessment
MMA Report Assessment of the value of new 275KV transmission line to connect Geothermal Resources to the NEM to South Australia For personal use only › Paralana delivered price after paying for electricity transmission is estimated by MMA to be $83/MWh to Olympic Dam Table shows long-term developmen
Slide 24: Paralana - Drilling Completed to 4012 m
Paralana 2 - Drilling Completed to 4012 m For personal use only › First well designed following low-risk, standard operating methods › Steady but slow drilling due to hard formations › Conservatively drilled to maximize likelihood of success › Wire-line and LWD logging undertaken to 3740 metres › Fo
Slide 25: Paralana – Geothermal reservoir geothermal brines
Paralana 2 – Geothermal reservoir geothermal brines For personal use only › Inflow zones from 3690m › Brine fluid recovered at surface and being tested › Wire-line and LWD Program to 3740 metres Reservoir Characterisation › Temperature › Permeability › In-situ stress field › Geology › Rock Propertie
Slide 26: 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 27: 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 28: 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 29: 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 30: 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 - temperatures potentially, 250˚C to 300˚C › Targeting 50MW to 100MW development › Energy prices are over €90/MWh or AUD $150/MWh - three times pr
Slide 31: China
China For personal use only › Exclusive Cooperative Agreement to identify high prospect geothermal energy projects in China with: › Chinese Geothermal Energy Society › Geological Survey of China › Chinese Academy of Sciences › China Institute of Geo-Environment Monitoring › Two areas in South East C
Slide 32: Outlook for 2010 and beyond
Outlook for 2010 and beyond For personal use only Paralana Joint Venture Project › Plan to run cement plugs as required, redrill, condition hole, complete logging, case and cement – finish late Dec. 2009 › Temperature measurement 4 weeks after casing and cementing › 1st Qtr 2010: Mini fracture progr
Slide 33: Outlook for 2010 and beyond
Outlook for 2010 and beyond For personal use only › Complete Tenerife MT survey and progress JV negotiations – identify deep drill target in Q1 2010, develop work program › Continue Madrid GDH coordination with Federal & State Governments and progress JV opportunities complete Q1 2010 › Other projec
Slide 34: www.petratherm.com.au
For personal use only www.petratherm.com.au