Ptr Minerals Limited · ASX:PTR
Ptr Minerals — Petratherm — Corporate Update (August 2009)
26 slides from Ptr Minerals's corporate update, Aug 25, 2009
Slide 1: ASX Release: Company Update - Presentation to Shareholders
ASX Release PETRATHERM LIMITED ABN 17 106 806 884 For personal use only Company Update - Presentation to Shareholders Petratherm’s Managing Director Terry Kallis and Exploration Manager Peter Reid will later this afternoon present an update on the Company’s activities at a General Meeting held at th
Slide 2: Ministerial launch event photographs
For personal use only (L-R – Beach Petroleum Managing Director Reg Nelson, Minister Martin Ferguson, Petratherm Managing Director Terry Kallis, SA Premier Mike Rann, TRUenergy Managing Director Richard McIndoe) (L-R – SA Premier Mike Rann, Petratherm Chairman Derek Carter, Federal Resources and Ener
Slide 3: About the Paralana Project joint venture partners
(Additional information on the Ministerial Launch event will be posted over the next week on the Petratherm website, including photographs, video and speeches) For personal use only Yours faithfully Terry Kallis Managing Director ABOUT THE PARALANA PROJECT JOINT VENTURE PARTNERS: Beach Petroleum (AS
Slide 4: Building a portfolio of quality geothermal energy projects
petratherm For personal use only Company Update “Building a portfolio of quality geothermal energy projects - Australia and Overseas” 25 August 2009 Presented by Terry Kallis (Managing Director) & Peter Reid (Exploration Manager) Explorer and Developer of Geothermal Energy
Slide 5: Disclaimer
Disclaimer For personal use only 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 6: Presentation Outline
For personal use only Presentation Outline • Corporate Update • Projects Update – Paralana JV Project – East Gippsland – Spain – Madrid, Canary Islands & Barcelona – China • DVD of Paralana and TV Clips • Summary and Outlook for 2009/10
Slide 7: Corporate Overview (PTR.AX)
Corporate Overview (PTR.AX) Key Statistics For personal use only Madrid & Barcelona China – Exclusive – direct use heat, exploration Current shares on issue – 94.45 m EGS and agreement Market capitalization - $30.7m (at share price hydrothermal of $0.325) Cash – 20 August $13.8 m Grants - GD
Slide 8: 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 9: 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 on after tax profit from $
Slide 10: Geothermal Energy Technology - Project Portfolio
Geothermal Energy Technology - Project Portfolio TAG – thermally anomalous granite For personal use only EGS technology – hot rocks Large systems – low enthalpy TAG Abundant resource Requires large commercial demonstration Paralana – EGS – power production East Gippsland – Hot sedimentary aquifer Te
Slide 11: Paralana Project - Overview
Paralana Project - Overview For personal use only • High Temperature Resource ~ 200oC at 3.6 kms. • Innovative HEWI development model • Commercially viable at all stages. Small off grid market (5-30 MWe) (Heathgate) followed by large on grid development (260 MWe+) • Expenditure well leveraged for pr
Slide 12: Paralana - Drilling Update
For personal use only Paralana 2 - Drilling Update • Steady Drilling, currently at 1920m • 200m deep micro-seismic array currently being installed in preparation reservoir stimulation program • Paralana 3 deep producer well, drilling scheduled for mid 2010 • First power plant development to Heathgat
Slide 13: Paralana - Drilling Update
Paralana 2 - Drilling Update • Well scheduled to take 3 to 4 For personal use only months to complete • Rock sequence predictions have been accurate • Slower drilling rate in 17.5 inch hole section due to hard rock formations. • This first well has been designed following low risk, conservative oper
Slide 14: East Gippsland Licence Area
For personal use only East Gippsland Licence Area • Very favorable transmission connection options for both pilot scale and large scale delivery of power into the National Electricity Market
Slide 15: 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 16: Tenerife Project
For personal use only Tenerife Project
Slide 17: Tenerife Project
Tenerife Project For personal use only • Active Volcanic Island, MT indicates magma chamber 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 ºC and 30-40 bars pressure. •
Slide 18: Tenerife Magnetotelluric Survey
Tenerife Magnetotelluric Survey Tenerife 1 For personal use only • Evidence of Hydrothermal Alteration in bottom hole section • Bottom hole gradient 94 oC/Km
Slide 19: Tenerife Magnetotelluric Survey
For personal use only Tenerife Magnetotelluric Survey Survey Scheduled to Begin in October 2009
Slide 20: Madrid – District Heating Resource
Madrid – District Heating Resource • Three 2000 m wells have been drilled, defining an area of at least 50km², around 80oC fluid at 200m³/hr at ~ 1500-2000m depth. For personal use only • Geomadrid Pre-feasibility Study indicates – doublets Producing 8MWt with an annual production in excess of 45,00
Slide 21: Madrid Project Licence Area
Madrid Project Licence Area The 300 km2 Licence is located 25kms north of Madrid. GeoMadrid Site and other potential direct heating sites of San Sebastin de los Reyes and Tres Cantos depicted. For personal use only Tres Cantos San Sebastin de los Reyes GeoMadrid Madrid International Airport
Slide 22: Finding Hot Rocks in China
For personal use only Finding Hot Rocks in China • Asia Pacific Partnership Project successfully completed in June 2009 • Two Areas in South East China identified for potential future development • Land access and potential joint venture finance arrangements are ongoing
Slide 23: Jiangsu Province – Subei Basin
Jiangsu Province – Subei Basin Estimated temperature at 5 kilometres Depth For personal use only Target – Hot Sedimentary Aquifer contained in permeable Limestone at 4 to 5 kms depth
Slide 24: 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 25: Petratherm Outlook for 2009/10
Petratherm Outlook for 2009/10 • Finalize the $57M TRUenergy Farm-in January For personal use only • Secure $7M GDP funding for drilling April • Spud Paralana 2 deep well (4kms) June • Drill/complete well (around 3 to 4 months) followed by testing logging, fracturing and stimulation program in
Slide 26: Thank You
For personal use only ASX code: PTR Thank You www.petratherm.com.au