Slide 1: CEDA 2009 Energy Overview ASX Release
ASX Release PETRATHERM LIMITED ABN 17 106 806 884 For personal use only CEDA 2009 Energy Overview Petratherm Managing Director, Mr Terry Kallis, will later this morning present an update on the Australian Geothermal Industry and the Company’s activities to CEDA’s 2009 Energy Overview at the Hyatt Re
Slide 2: For personal use only
For personal use only
Slide 3: Geothermal energy in Australia
For personal use only Geothermal energy in Australia CEDA 2009 Energy Overview Presented by Managing Director Terry Kallis Friday, October 2, 2009
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 › Key Messages › Geothermal energy technologies › Geothermal energy potential in Australia › Energy policy and geothermal › Petratherm – Company overview › Paralana geothermal energy JV project › Paralana 2 deep well drilling campaign
Slide 6: Presentation – key messages
Presentation – key messages For personal use only › Geothermal energy has the potential to provide large scale, base load and low- cost renewable energy › Australia has the key ingredients for developing successful engineered geothermal systems (EGS) and hot sedimentary aquifer projects › While nort
Slide 7: Geothermal energy technologies
Geothermal energy technologies For personal use only Cost Drivers › Temperature › Drilling Depth › Flow Rate › Network Connection › Generation Plant › High upfront costs – drilling, fracture stimulation, connection, plant › Project economics are geology and location specific
Slide 8: Our geothermal resource in Australia
Our geothermal resource in Australia For personal use only Indicative Resource › Australia‟s hot rock energy is estimated to be 150oC to 5km, about 1.2 billion PJ › This is equivalent to about 20,000 times the annual primary energy use in Australia
Slide 9: Growth in geothermal energy projects
Growth in geothermal energy projects For personal use only Industry Snapshot › GELS/GELAS › Australia 383 › Expenditure more than $1,500 Million › 48 companies in total › 10 ASX listed geothermal › 7 ASX listed energy Geothermal well Exploration licence Exploration licence application Acreage offere
Slide 10: Our landmark industry reports
Our landmark 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 to 2,200
Slide 11: Renewable energy policy and geothermal
Renewable energy policy and geothermal For personal use only Strong Federal and State Strong industry networks Government support › Geothermal energy industry › $50 million geothermal drilling development framework program with a maximum $7 million per project › Australian Geothermal Energy › $300 m
Slide 12: 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 13: 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 14: 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 › Market Cap. $30.2 million › Beach Petroleum (up to 36 per cent for $30m) › Cash Position: $13.2 million › TRUenergy (up to 30 per cent for $57m) › Sharehold
Slide 15: 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 16: What makes us different
What makes us different For personal use only › Unique approach to exploration for heat › Heat Exchanger Within Insulator model (HEWI) › Quality international portfolio across the geothermal technologies of Engineered Geothermal Systems (EGS), district heating and volcanic › Flagship Paralana projec
Slide 17: Heat Exchanger Within Insulator (HEWI)
Heat Exchanger Within Insulator (HEWI) For personal use only HEWI at Paralana › The required heat exchanger is created in the porous insulating layer above the granite heat source › This is expected to reduce risk, cost and time Work schedule: › 2009 Drill first deep well › Fracture rock to create h
Slide 18: Paralana geothermal energy JV project
Paralana geothermal energy JV project For personal use only › Deep drilling started June 30, 2009 › Commercially viable › High heat flow with a predicted temp of 200˚C at a depth of 3600 metres › Customer for initial 3.75MW plant at nearby Beverley Mine › Scale up plan to 30MW and beyond › $5M REDI
Slide 19: Paralana geothermal energy JV project
Paralana geothermal energy JV project For personal use only › A 200m deep micro-seismic array is installed › When Paralana 2 well reaches its target depth the design of the fracture stimulation begins › Water under pressure is used to fracture rocks to create an underground heat exchanger › The frac
Slide 20: www.petratherm.com.au
For personal use only www.petratherm.com.au