Slide 1: South Australia could be national leader in renewable energy supply
NEWS For personal use only • RELEASE • FOR IMMEDIATE RELEASE Tuesday 3rd June 2008 SOUTH AUSTRALIA COULD BE NATIONAL LEADER IN RENEWABLE ENERGY SUPPLY – PETRATHERM South Australia is perfectly placed to become the national leader in the supply of renewable sources of energy, a conference in Adelaide
Slide 2: For personal use only
Mr Kallis said that geothermal projects powered by the South Australian Heat Flow Anomaly – where subterranean temperatures in excess of 200ºC have been “mined” across the State – offered opportunities to provide baseload power to the National Grid, as well as large-scale mining operations. For pers
Slide 3: CEDA - Beyond Carbon 2008
petratherm For personal use only CEDA - Beyond Carbon 2008 Terry Kallis Managing Director Petratherm Limited June 2008 Explorer and Developer of Geothermal Energy
Slide 4: Petratherm Limited: Geothermal Energy Explorer & Developer
Petratherm Limited Geothermal Energy Explorer & Developer For personal use only • MEP major shareholder 34% • Market Cap $50 M, current price $0.85 with 58 M shares on issue, cash $5.4 M Almazan • Four Australian projects in SA • Seven Spanish projects • Exclusive agreement to identify projects in C
Slide 5: Global Context for Renewables
Global Context for Renewables • Operating in an uncertain global economy and with more For personal use only volatile financial markets - expect European economies expected to slow, Asian economies to continue to grow strongly, Australian economy to remain strong but weakness (recession?) in the US
Slide 6: 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 7: 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 8: 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 “Renewable Energy –
Slide 9: Australian Opportunities for Renewables
Australian Opportunities for Renewables For personal use only • Government 20% renewables by 2020 – 45,000 GWh • Emissions Trading Scheme by 2011 and revised Mandatory Renewable Energy Target (carbon pricing and RECs - combination) • Wind will feature strongly but emerging technologies will play an
Slide 10: Thank You
For personal use only Thank You petratherm ASX Code: PTR www.petratherm.com.au Phone: (08) 8274 5000