Ptr Minerals Limited · ASX:PTR
Ptr Minerals — Petratherm — Citi's Inaugural Australian Investment Conference 2009
32 slides from Ptr Minerals's conference presentation, Oct 20, 2009
Slide 1: Presentation to Citi's Inaugural Australian Investment Conference
ASX Release PETRATHERM LIMITED ABN 17 106 806 884 For personal use only Presentation to Citi’s Inaugural Australian Investment Conference Petratherm Managing Director, Mr Terry Kallis, will later this afternoon present an update on the Company’s activities to Citi’s Inaugural Australian Investment C
Slide 2: For personal use only
For personal use only
Slide 3: Company and Projects Update
For personal use only Petratherm Citi Inaugural Australian Investment Conference Company and Projects Update Presented by Managing Director Terry Kallis 20 October , 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 › Corporate Overview › Geothermal energy technologies › Project portfolio › Paralana JV project (including DVD of Ministerial Launch) › East Gippsland › Spain – Madrid, Barcelona and Canary Islands › China
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: $0.35 (19 Oct) › Beach Petroleum (up to 36 per cent for $30m) › Market Cap: $33.1 million (19 Oct) › TRUenergy (up to 30 per cent for $57m) › C
Slide 8: Board of Directors
Board of Directors For personal use only Board An experienced board with combination of commercial and technical skills › Financial management › Legal › Marketing › Project Management Derek Carter Simon O’Loughlin Richard Hillis Chairman Director Director › Corporate Governance › Exploration and dev
Slide 9: 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 10: 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 11: Australian geothermal industry summary and challenges
Australian geothermal industry summary and challenges For personal use only › Geothermal energy has the potential to provide large scale, base load and low- cost renewable energy - $120/MWh (50MW) and $80/MWh (>300 MW) › Australia has the key ingredients for developing successful engineered geotherm
Slide 12: Our Australian projects
Our Australian projects For personal use only › Our flagship Paralana project › Drilling is progressing at our site 600km north of Adelaide › East Gippsland in Victoria › Awarded a 9,000km2 geothermal exploration permit to develop a Hot Sedimentary Aquifer › Renmark in South Australia › Two geotherm
Slide 13: 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 14: Paralana geothermal energy JV project
Paralana geothermal energy JV project For personal use only › Anecdotal evidence from the Paralana hot springs in the nearby Flinders ranges › High heat flow - 128 mW/m² › Predicted temperature of around 200˚C at a depth of 3,600m – measured temperature of 109˚C at 1800m › Inferred geothermal resour
Slide 15: Paralana drilling update
Paralana drilling update For personal use only › Drilling of the first deep injection well at Paralana started on June 30, 2009 › Using a 2000HP Le Tourneau Lightning Rig owned by Weatherford International › New and updated rig brought in from Dubai › The drilling is being managed by our joint ventu
Slide 16: Paralana geothermal energy JV project
Paralana geothermal energy JV project For personal use only › An extensive micro-seismic array is installed an operating – including a deep sensor at 1790m and six sensors at 200m › When Paralana 2 well reaches its target depth the design of the fracture stimulation begins › Water under pressure is
Slide 17: 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 Olympic
Slide 18: Paralana joint venture arrangements
Paralana joint venture arrangements For personal use only Beach Petroleum Farmin (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 stage
Slide 19: Paralana geothermal energy JV project – channel coverage
Paralana geothermal energy JV project – channel 2 coverage For personal use only
Slide 20: 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 21: Spain
Spain For personal use only Madrid › Madrid District Geothermal Heating Project › Signed agreement with Spanish Federal and Madrid Regional governments Barcelona › Engineered geothermal and district heating Canary Islands/Tenerife › Survey of the island › Advanced joint venture discussions <Madrid
Slide 22: 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 23: 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 › The geology and market characteristics make the area attractive for geothermal district heating and engineered geothermal syste
Slide 24: 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 › Targeting 50MW to 100MW development › Energy prices are over €90/MWh or AUD $150/MWh - three times prices in Australia › Commenced extensive mag
Slide 25: China
China For personal use only Major Growth Potential › Exclusive Cooperative Agreement to identify high prospect geothermal energy projects in China with four Chinese Government Institutions › Chinese Geothermal Energy Society › Geological Survey of China › Chinese Academy of Sciences › China Institut
Slide 26: 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 27: For personal use only
For personal use only www.petratherm.com.au
Slide 28: Background slide - Geothermal resource in Australia
Background slide - Geothermal resource in Australia For personal use only Indicative Resource › Australia’s hot rock energy is estimated to be 150oC to 5km, or about 1.2 billion PJ › This is equivalent to about 26,000 times the annual primary energy use in Australia
Slide 29: Background slide - Growth in geothermal energy projects
Background slide - 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 applica
Slide 30: Background slide - landmark independent industry reports
Background slide - landmark independent 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 ex
Slide 31: Background slide - Renewable energy policy and geothermal
Background slide - Renewable energy policy and geothermal For personal use only Strong Federal and State Strong industry networks Government support › $50 million geothermal drilling › Geothermal energy industry program with a maximum $7 million development framework per project › Australian Geother
Slide 32: Background slide - Industry transmission plan – northern SA
Background slide - 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 ben
Petratherm — Citi's Inaugural Australian Investment Conference 2009 on 6ix