Ptr Minerals Limited · ASX:PTR
Ptr Minerals — Petratherm — SA Resources and Energy Investment Conference 2009
30 slides from Ptr Minerals's conference presentation, May 5, 2009
Slide 1: MD presentation to SA Resources and Energy Investment Conference
ASX Release PETRATHERM LIMITED ABN 17 106 806 884 MD presentation to SA Resources and For personal use only Energy Investment Conference - “SA Geothermal Energy Industry Update” Petratherm’s Managing Director, Mr. Terry Kallis will present later today to the SA Resources and Energy Investment Confer
Slide 2: SA Geothermal Energy Industry Update
For personal use only 5 May 2009 SA Resources and Energy Investment Conference “SA Geothermal Energy Industry Update” Presented by: Terry Kallis - Managing Director Petratherm Limited and Chairman, Australian Geothermal Energy Association Explorer and Developer of Geothermal Energy
Slide 3: Disclaimer
Disclaimer For personal use only This presentation has been prepared by Petratherm Limited (Petratherm). The information contained in this presentation presentation is a professional opinion only and is given in good faith. Certain information in this document has been derived from third parties and
Slide 4: Presentation Outline
Presentation Outline For personal use only • Key Messages • Geothermal Energy – technology and costs • Australian Geothermal Energy potential • SA geothermal exploration and development • Challenges for geothermal energy projects • Industry Network Connection solution for SA • Renewable Energy Polic
Slide 5: Key Messages
Key Messages • Geothermal energy has the potential to provide large scale, base load and low cost renewable energy - variety of technologies and For personal use only applications • Australia has the key ingredients for developing successful engineered geothermal systems (EGS) projects – high heat p
Slide 6: Geothermal Industry - Technologies
Geothermal Industry - Technologies For personal use only Cost Drivers • Temperature • Drilling Depth • Flow Rate • Network Connection • Generation Plant High up front costs – drilling, fracture stimulation, connection, plant (low O/M + no fuel costs)
Slide 7: Geothermal Energy Cost Comparison
Geothermal Energy Cost Comparison 1600 Brown Coal PF 420MW (CF85%) For personal use only Electricity Supply Industry Planning Council Brown Coal PF 420MW (CF85%) + GS 1400 • 6.8% Australia’s base-load from hot rocks Black Coal PF 420MW (CF85%) by 2030 Black Coal PF 420MW (CF85%) + GS 1200 • “signifi
Slide 8: Drivers - The Promise of Geothermal
Drivers - The Promise of Geothermal For personal use only Indicative Resource Map Australia’s hot rock energy 150oC to 5km ~ 1.2 billion PJ ~20,000 X annual primary energy use in Australia Source: Geoscience Australia (2007)
Slide 9: MMA Report on Geothermal - Findings
MMA Report on Geothermal - Findings • Geothermal energy expected to build up to 2,200 MWs of base- For personal use only load capacity by 2020; • An estimated $12 billion would be invested to develop that capacity; • Represents up to 40% of the Federal Government’s 2020 Renewable Energy Target of 45
Slide 10: Growth of Australian EGS Industry
Growth of Australian EGS Industry For personal use only Dec 2008 GELS / GELAS Snapshot Aust. 367 S.A. 273 Expenditure Aust. > $1000 Mill S.A. ~ $ 700 Mill Geothermal well Exploration licence • 48 Companies Exploration licence application Acreage offered for work program bids • 10 ASX listed
Slide 11: Hot Rock Projects in South Australia
Hot Rock Projects in South Australia – 31 Dec 08 • 28 companies in the hunt in 273 licences on variety of plays covering >125,683 For personal use only km2 9 Geodynamics 9 Tri-Star Energy 9 Petratherm 9 Clean Energy Australasia South Australian 9 Geothermal Resources 9 Osiris Energy Heat Flow An
Slide 12: Growth in Australian Hot Rock Projects
Growth in Australian Hot Rock Projects 1000 500 - Indicative $200+ M for ONE 40MWe Demo plant. use only 900 450 800 ~ $200 million spent to date 400 700 350 Expenditure AUD$million No. of GELs and GELAs 600 300 For personal 500 250 400 200 300 150 200 100 100 50 0 0 2000 2001 2002 2003 2004 2005 200
Slide 13: SA Geothermal Projects Snapshot
Geodynamics/Origin (Tata Power/Sentient-SunSuper) ¾2003-5: Proved flow of geothermal energy with Habanero 1 & 2 SA Geothermal ¾2007-9: Habanero3, Jolokia1, Savina1; Origin JV; Proof of Concept ¾Next: 1 MW pilot and Commercial Demonstration Plant Project - Snapshot Petratherm/Beach Petroleum/TRUenerg
Slide 14: Challenges for Geothermal Projects
Challenges for Geothermal Projects • Securing a quality site – the three locations - resource, market, permits/approvals – optimizing economics in a competitive market. For personal use only • Confirming the quality of the potential resource – temperature differential, stress regime / permeability.
Slide 15: Industry Network Connection solution
For personal use only Industry Network Connection solution petratherm
Slide 16: Industry Network Connection solution - simplified
Industry Network Connection solution - simplified For personal use only petratherm
Slide 17: Renewable Energy Policy & Geothermal
Renewable Energy Policy & Geothermal • Strong Federal and SA State Government Support - For personal use only Federal Government Policy Frameworks • $50M Geothermal Drilling Program -$7M max/project • Geothermal Energy Industry Development Framework • $435M Renewable Energy Demonstration Program • A
Slide 18: World's First Commercial EGS Plant
World ’s First Commercial EGS Plant World’s Landau Germany For personal use only • Opened Oct. 2008 • 155OC, 60 l/s • 3 MWe + heat • Expanding to 8 MWe • ORC Cycle • Cost $20 M Euro
Slide 19: Conclusion
Conclusion • Geothermal energy has the potential to provide large scale, base load and low cost renewable energy – variety of technologies and For personal use only applications. • Australia has the key ingredients for developing successful EGS projects – high heat producing granites, continent unde
Slide 20: Thank You
For personal use only Thank You petratherm ASX Code: PTR www.petratherm.com.au Phone: (08) 8274 5000 www.agea.org.au www.pir.sa.gov.au
Slide 21: Australian Geothermal Energy Association
Australian Geothermal Energy Association The national industry association for the Australian Geothermal Energy For personal use only Industry AGEA’s Vision. Geothermal energy providing the lowest cost emissions-free renewable base load energy to Australian homes and businesses for centuries to come
Slide 22: Australian Geothermal Energy Group (AGEG)
Australian Geothermal Energy Group (AGEG) AGEG’S VISION: Geothermal resources to For personal use only provide the lowest cost emissions-free renewable base load and direct use energy for centuries to come. • Currently 88 members and growing • Includes all companies with geothermal licences, all Fed
Slide 23: Global Geothermal Energy Installed Capacity in MW
Global Geothermal Energy Installed Capacity in MW For personal use only Total 10,000 MW (2006)
Slide 24: Drivers - The Promise of Geothermal
For personal use only Drivers - The Promise of Geothermal MIT (Tester, et al 2006) • 100 GWe hot rock power in the USA by 2050 • ~13.7 billion PJ resource to 10 km. • 130,000 X annual primary energy use in the USA
Slide 25: South Australian heat flow
South Australian heat flow SA Geothermal anomaly Pacific Hydro Habanero 1,2 Geodynamics Projects Eden Eden For personal use only Geodynamics Osiris Proactive Eden Petratherm Yerila 1 • Many players – 28 Proactive Blanche 1 Petratherm Companies, 10 ASX Green Rock Eden Paralana 1B Proactive listed Tor
Slide 26: Drivers - Govt. Legislation and Support
Drivers - Govt. Legislation and Support 1. Geothermal Tenure - SA, Vic, Tas, NSW, QLD, WA ( and NT For personal use only soon) 2. RECS, NGACS, VRECS, Carbon Schemes 3. State and Federal Govt. grants ~ $100 Million since 2000 4. Geothermal Industry Development Framework – COAG Initiative 5. Australia
Slide 27: SA Electricity Market
SA Electricity Market • SA NEM region electricity demand to require at least 600MW of new For personal use only capacity • Does not include potential increase of over 400MW from Olympic Dam. • Nor the effect of depleting Leigh Creek coal. • Demand requirements will be between 600 – 1,500MW. 2006-07
Slide 28: Network Access & Connection
Network Access & Connection For personal use only • Transmission Costs • Transportation losses Ç • Margin Loss Factor • System Stability Ç Ç • Development Approvals, Ç Ç Licensing, Easements and Permits Ç • Network Capacity at connection point Ç = Wind Farm = Best Wind Resource Ç ÇÇ petratherm Trans
Slide 29: Transmission Connection - Meshed
Transmission Connection - Meshed For personal use only petratherm
Slide 30: Industry Network Connection solution - simplified
Industry Network Connection solution - simplified For personal use only petratherm
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