Ptr Minerals Limited · ASX:PTR
Ptr Minerals — Petratherm — Investor Presentation (June 2009)
35 slides from Ptr Minerals's investor presentation, Jun 9, 2009
Slide 1: MD presentation to Potential Overseas Investors
ASX Release PETRATHERM LIMITED For personal use only ABN 17 106 806 884 MD presentation to Potential Overseas Investors Petratherm Managing Director, Terry Kallis, presented to a number of potential overseas investors in both Madrid and London last week. The presentation (attached) was provided to i
Slide 2: Company Update
For personal use only Company Update “Building a portfolio of quality geothermal energy projects - Australia and Overseas” June 2009 Presented by Terry Kallis (Managing Director) Explorer and Developer of Geothermal Energy
Slide 3: Disclaimer
For personal use only Disclaimer This presentation has been prepared by Petratherm Limited (Petratherm). The information contained in this presentation is a professional opinion only and is given in good faith. Certain information in this document has been derived from third parties and though Petra
Slide 4: Presentation Outline
Presentation Outline • Corporate Overview For personal use only • Renewable energy policy and geothermal • Paralana Overview and Joint Venturers • Project Portfolio – Paralana – “Engineered Geothermal System” (EGS) – East Gippsland - “Hot Sedimentary Aquifer” (HSA) – Spain – Madrid, Barcelona and Te
Slide 5: Corporate Overview (PTR.AX)
Corporate Overview (PTR.AX) Key Statistics For personal use only Madrid & China – Exclusive Barcelona – direct exploration ¾ Current shares on issue – 92 m use heat, EGS and agreement ¾ Market capitalization ‐ $32.2m (at share hydrothermal price of $0.35) ¾ Cash – Q3 $4.2m plus $7.3m in recent SPP a
Slide 6: Corporate Mission & Business Model
Corporate Mission & Business Model For personal use only Mission “to explore for and develop, emission free, geothermal energy projects that are commercially sustainable” Business Model “to develop a portfolio of quality geothermal energy projects conventional and EGS – for power and/or heat – where
Slide 7: Petratherm Board
Petratherm Board For personal use only Highly experienced Board with combination of commercial and technical skills including: • Corporate governance • Financial management Derek Carter Simon O’Loughlin Richard Hillis • Legal Derek Carter Chairman Chairman Director Director • Marketing • Project Man
Slide 8: Business Model
For personal use only Business Model Leverage off core competencies (project ¾ Use Petratherm’s geothermal expertise and unique Exploration Model to identification and proof of concept) identify economically viable geothermal prospects ready for drilling. Focus on projects that exhibit all of the ne
Slide 9: Corporate Overview – Skills & Capabilities
Corporate Overview – Skills & Capabilities For personal use only Combined skills and experience of the Board Management, Partners and Consultants capable of delivering successful geothermal energy projects – from underground resource through to market Beach Petroleum - Subsurface – well design, dril
Slide 10: Petratherm Key Points of Differentiation
Petratherm Key Points of Differentiation • Unique approach to “exploration for heat” and its commercial assessment of projects - “location, location, location” – resource, For personal use only market, permits/stakeholders • HEWI model approach to resource exploitation process for EGS/hot rock that
Slide 11: Renewable Energy Policy & Geothermal
Renewable Energy Policy & Geothermal • Federal Government - strong support − Carbon Pollution Reduction Scheme (CPRS) leading to Emissions For personal use only Trading in 2010/11 − established the 20% Renewable Energy Target (RET) by 2020 − Increased REC shortfall penalty from $40/MWh to $65/MWh an
Slide 12: Geothermal Energy Cost Comparison
For personal use only Geothermal Energy Cost Comparison
Slide 13: AGEA Report conducted by McLennan Magasanik & Associates - findings
AGEA Report conducted by McLennan Magasanik & Associates - findings For personal use only • Australian Geothermal Energy Industry can be expected to provide up to 2,200 MWs of base‐load capacity by 2020 into National Electricity Market; • Represents up to 40% of the Federal Government’s 2020 Renewab
Slide 14: Paralana Project - Overview
Paralana Project - Overview ¾ Uniquely positioned to be potentially commercially viable at all Stages! For personal use only 9 High heat flow rate (128mW/m²) and predicted Temperature of 200˚C at a depth of 3600 metres 9 Stable geological formation and expect no overpressures – suggests good drillin
Slide 15: Paralana Well Drilling
For personal use only Paralana 2 Well Drilling • Contract 2000 HP Drilling Rig # 828 from Weatherford International Drilling arrived in Port Pirie in May 2009 - Le Tourneau – “ Lightning Rig” built in Dubai • Paralana 2 well to spud in mid June 2009 – all preparatory work near completion • Well Test
Slide 16: Necessary Ingredients
Necessary Ingredients… …to successfully take a geothermal project to market • Permitting • Support from financially For personal use only • Land access. strong partner(s). • Government incentives. • Government support. • Carbon trading schemes. • Above and below • Means of accessing ground for vario
Slide 17: Paralana Project Joint Venture
Paralana Project Joint Venture ¾Beach Petroleum Farmin (Jan 2007) for up to $30M for 36% For personal use only $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 stage ¾TRUe
Slide 18: Project Costs and Wind Comparison
Project Costs and Wind Comparison For personal use only ¾ Stage 1 ‐ HEWI model $30M to $35M ¾ Stage 2 ‐ 7.5 MW pilot plant – add’nl $45M to $50M ¾ Stage 3 ‐ 30 MW demo. plant –add’nl $125M to $150M ¾ Total 30 MW Project estimate* around $170M to $200M (*total current cost estimates and includes all
Slide 19: Project Portfolio
Project Portfolio • International Geothermal For personal use only Explorer and Developer TAG • Specialist Heat Explorer • EGS, Conventional and Direct Heat • Strategy – shallow hot rocks close to market & chance of flow! petratherm Engineered Geothermal Systems (EGS)
Slide 20: Paralana Project
Paralana Project For personal use only 109oC • Heat flow of 128 mWm-2 petratherm • Modeled 200oc at 3.6km (Seismic Line 84 SPG)
Slide 21: Paralana - Development Path to date
Paralana 2 - Development Path to date • 2D Reflection Seismic and MT Surveys For personal use only • Installed Passive Seismic Array (IESE) • Cleared 1km x 2km development site • Casing and well head ordered • Camp Established and Crew Trained • Drilling rig arrived, transported and being assembled
Slide 22: Paralana 2009 Development Plan
For personal use only Paralana 2009 Development Plan • Mid June 2009 First Deep Well to ~ 4 Kms • Well testing and stimulation program • First Quarter 2010 Second Deep Well Heat Exchanger Within Insulator (HEWI) Model petratherm
Slide 23: Paralana Project Area
For personal use only Paralana Project Area petratherm
Slide 24: East Gippsland Licence Area
For personal use only East Gippsland Licence Area GEP 24 Wellington Park 1
Slide 25: Petratherm Espana
Petratherm Espana •• Geology is conducive to EGS Right Geological For personal use only environment • Expanding Project Portfolio for geothermal technologies • Strong Corporate Interest • First Mover Advantage • High Electricity Prices •• Leading High Electricity Prices Policy Development •• Convent
Slide 26: Petratherm Spanish Projects
For personal use only Petratherm Spanish Projects Barcelona Barcelona Almazan Madrid Madrid Murcia Andalucia Tenerife Islands Tenerife Gran Canaria Gran Canaria
Slide 27: Madrid – District Heating Resource
Madrid – District Heating Resource ¾ Three 2000m wells have been drilled, defining an area of at least 50km2, around 80oC fluid at Recent Well Assessment For personal use only 200 m3/hr at ~ 1500‐2000m depth. ¾ Geomadrid Pre‐feasibility Study indicates – doublets Producing 8MWt with an annual produc
Slide 28: Madrid District Heating – Low Enthalpy Reservoir
Madrid District Heating – Low Enthalpy Reservoir For personal use only Four existing wells ~ flows 200m3/h, temperatures of 80ºC enable to estimate a sustainable heat production of 30TWth over the next 75 years
Slide 29: Tenerife Project
Tenerife Project For personal use only • Active Volcanic Island, MT Bottom hole gradient indicates magma chamber 94 oC /Km 3-4 km below surface • Tenerife Population ~ 1 Million; load > 800 MW; (Diesel & Wind) Source : ITER 2008 • Geochemistry indicates presence of a hydrothermal system with 250-350
Slide 30: Exclusive Cooperative Agreement in China
Exclusive Cooperative Agreement to identify high prospect geothermal energy projects in China with four Chinese Government Institutions For personal use only • Chinese Geothermal Energy Society • Geological Survey of China • Chinese Academy of Sciences • China Institute of Geo-Environment Monitoring
Slide 31: Project Pipeline / News Flow
Project Pipeline / News Flow ¾ Petratherm has an exciting project pipeline. For personal use only ¾ Many key milestones to be achieved over the next 18 months. ¾ Groundwork at Paralana complete – all systems go. Madrid hot water project not far behind. ¾ Strong news flow. 2009 2010 Paralana Drilli
Slide 32: Why Petratherm is a Standout
Why Petratherm is a Standout ¾ High quality resource. For personal use only Quality portfolio of projects 9 ¾¾ Market focussed (proximity, competitive, product) Location/Regulatory Environment. ¾ Value in Paralana recognised by industry experts. Value 9 ¾ In Petratherm’s view, even more value exists
Slide 33: Summary and Conclusions
Summary and Conclusions • Paralana 2 deep (4 kilometre) well to spud in mid June 2009 – For personal use only Weatherford Drilling International – 2000 HP “Lightning Rig” • Paralana JV Project received further endorsement and recognition with $7M geothermal drilling program (GDP) grant offer – 60% o
Slide 34: Outlook for Calendar 2009
Outlook for Calendar 2009 • Finalize the $57M TRUenergy Farm-in 9 For personal use only • Secure $7M GDP funding for drilling 9 • Spud Paralana 2 deep well (4kms) in mid June 2009, drill/complete well (around 2 to 3 months) followed by , testing logging, fracturing and stimulation program in second
Slide 35: Thank You
Thank You For personal use only petratherm 105‐106 Greenhill Rd Unley, Sth Australia, 5061 Tel: +61 8 8274 5000 ASX code: PTR www.petratherm.com.au