Ptr Minerals Limited · ASX:PTR
Ptr Minerals — Petratherm — Society of Petroleum Engineers (Victoria and Tasmania branches) presentation (January 2010)
30 slides from Ptr Minerals's conference presentation, Jan 28, 2010
Slide 1: Paralana Project Presentation to Society of Petroleum Engineers
ASX Release For personal use only PETRATHERM LIMITED ABN 17 106 806 884 Paralana Project Presentation to Society of Petroleum Engineers Petratherm’s Geophysicist, Ms Louise McAllister will later today present to the Society of Petroleum Engineers (Victoria and Tasmania branches) in Melbourne. The So
Slide 2: About the Joint Venture Partners
Yours faithfully For personal use only Terry Kallis Managing Director ABOUT THE JOINT VENTURE PARTNERS: Beach Energy (ASX: BPT) is an oil and gas company headquartered in Adelaide that farmed-in to the Paralana Project in January 2007. Beach can earn up to 36% of the project for $30 million plus its
Slide 3: The Paralana – Engineered Geothermal Energy Project
For personal use only The Paralana – Engineered Geothermal Energy Project Society of Petroleum Engineers Presented by Geophysicist, Louise McAllister Thursday, January 28, 2010
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: Why Paralana?
Why Paralana? For personal use only Evidence for Thermal Anomalism › Hot Springs › Fossil Hydrothermal Breccias Paralana Hot › Elevated groundwater temperatures Springs › High heat flow (Mt Gee 126 mWm-2) › Poontana basin insulator P1b P2 Potentially Commercial Viability at all stages Arkaroola
Slide 6: Paralana Project – Commercial Overview
Paralana Project – Commercial Overview For personal use only › Potentially commercially viable at all stages. Small off grid market (5- 30MWe) (Heathgate) followed by large on grid development (260 MWe+) › Expenditure well leveraged for proof of concept, then potentially fully funded to initial comm
Slide 7: Development Model – Heat Exchanger Within Insulator
Development Model – Heat Exchanger Within Insulator For personal use only › Higher Permeability › Chemically Stable › Lower Frac Challenge? › Adelaidean – bedding / joint surfaces = Cheaper Power!
Slide 8: Initial Exploration Program
Initial Exploration Program For personal use only › Pre-competitive geophysical data › Outcrop mapping › 2D Refection Seismic data › Local gravity and MT surveys › Heat flow modelling
Slide 9: Exploring for Heat – Paralana Project
Exploring for Heat – Paralana Project For personal use only 62uWm-3 22uWm-3 Insulator Up to 20 times normal granite: average = 8 times Permian Mt Painter Basement Adelaidean Curnamona Mt Painter Basement Basement Normal basement Early modelling indicated 200oC at approximately 3.6 - 4 km
Slide 10: Paralana 1b
Paralana 1b For personal use only › Drilled mid 2006 › Depth = 1809m › BHT= 109°C › Confirmed stratigraphy
Slide 11: Further Exploration
Further Exploration For personal use only › Poontana Seismic survey › 162km of 2D reflection seismic
Slide 12: Poontana Seismic Survey
Poontana Seismic Survey Paralana 1B Paralana 2 P2 :PA07-06, 319.95 :84-SPJ, 1657.19 :PA07-07, 390.10 1500 m SP: 550.0 600.0 650.0 700.0 750.0 800.0 850.0 900.0 950.0 1000.0 1050.0 1100.0 For personal use only 0.000 0.000 0.200 0.200 0.400 529 Bck 0.400 › P2 located with 0.600 895 Wirr 0.600 deep gra
Slide 13: Paralana MT Survey
Paralana MT Survey For personal use only › To determine depth to basement › Presence of fluids at depth › Confirm structural characteristics
Slide 14: Paralana MT Survey
For personal use only Paralana MT Survey
Slide 15: Paralana MT Survey
Paralana MT Survey For personal use only :PA07-06, 240.86 :84-SPJ, 1567.88 :PA07-07, 303.24 - :PA07-01 - SP: 200.0 250.0 300.0 350.0 400.0 450.0 500.0 550.0 600.0 650.0 700.0 750.0 800.0 0.400 0.400 Good structural correlation is seen between the MT model 0.600 0.600 and seismic data along 0.800 0.8
Slide 16: Paralana MT Survey
Paralana MT Survey For personal use only P1b
Slide 17: Passive Seismic Array
Passive Seismic Array For personal use only › IESE (Institude of Earth Science and Engineering) NZ › 1 deep borehole sonde at 1790m in Paralana 1b › 6 borehole sondes at 200m › 8 surface seismometers › 2 accelerometers
Slide 18: Regional and Local Seismic Events
Regional and Local Seismic Events For personal use only › Results from April 08 to June 09 › Local and regional events › Relative ML of ML-1 to ML 4
Slide 19: Background seismicity
Background seismicity For personal use only › Relatively small local events detected › Correlates faults within the Poontana Fracture Zone.
Slide 20: Paralana – Drilling
For personal use only Paralana 2 – Drilling New Weatherford Owned 2000HP Le Tourneau Lightning Rig 57 metres high ~ 10 Stories Arrived at Port Pirie 11 May 09 80 Semi-Trailer Loads Spudded June 30, 2009
Slide 21: Paralana - Operations
Paralana 2 - Operations For personal use only › Petratherm/Beach – extensive stakeholder and community consultation – Adnyamathanha Community, Beverley Uranium Mine , Epic Pipe line, Arkaroola Village › Beach Petroleum – managed drilling operations › HSE - no lost time injuries › Only minor shake do
Slide 22: Paralana - Drilling
Paralana 2 - Drilling For personal use only › Hard Rock Formations encountered in the top of the hole – slow ROP 1-3 m/hr › Tested several BHA arrangements to optimize ROP › Conservatively drilled to maximize likelihood of success › Cost and Time overruns › Only deep well within 90kms
Slide 23: Contingency Planning…..
Contingency Planning….. For personal use only
Slide 24: Paralana - Drilling Completed to 4012 M – Nov 2009
Paralana 2 - Drilling Completed to 4012 M – 9 Nov 2009 For personal use only › First well designed following low-risk, standard operating methods › Steady but slow drilling due to hard formations › Conservatively drilled to ensure success › Wireline and LWD logging undertaken › Well is cased and cem
Slide 25: Recent Micro-seismic activity
Recent Micro-seismic activity For personal use only S-P~=0.247sec Horizontal ~1.5km Horizontal Vertical › Increased event detection since drilling began, most drilling related. › Regional and local events detected by the array on 11th Dec 2009 › Regional event about 140km from the sensor, not detect
Slide 26: Recent Micro-seismic activity
Recent Micro-seismic activity For personal use only S-P~=0.247sec Horizontal ~1.5km › MEQ event coincidental with Horizontal casing cementing. Vertical
Slide 27: Future Work - Surface geophone array
Future Work - Surface geophone array For personal use only › To ground truth method from use in EGS stimulations › To allow for new processing technique to be trialed. › “Star pattern” Microseismic Inc .
Slide 28: Future Work - Magnetotelluric Monitoring of Geothermal Fluids
Future Work - Magnetotelluric Monitoring of Geothermal Fluids For personal use only Temporal coverage with 3 surveys › Survey before fracturing › Survey during fracturing › Survey after fracturing
Slide 29: Future Work Program
Future Work Program For personal use only › 1st Qtr 2010: CHL program, Mini frac program/fracture stimulation design › 2nd Qtr 2010: Multi-zone fracture stimulation › 3rd Qtr 2010: drilling of the Paralana 3 deep producer well › End 2010/ Early 2011: Circulation Test – Proof of Concept › Early 2011:
Slide 30: For personal use only
For personal use only www.petratherm.com.au