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Black Rock Mining — Green Rock Energy — Australian Geothermal Energy Conference 2009
22 slides from Black Rock Mining's conference presentation, November 2009
Slide 1: Green Rock Energy Ltd: an overview
Green Rock Energy Ltd ……... an overview Australian Geothermal Energy Conference November 2009 www.greenrock.com.au August Adrian Larking 2008 Managing Director ABN 59 094 551 336
Slide 2: Disclaimer
Disclaimer ▐ This presentation does not constitute an offer, invitation or recommendation to subscribe for or purchase any security ▐ Reliance should not be placed on the information or opinions contained in this presentation which does not take into account the particular needs or financial situati
Slide 3: Green Rock Energy: Our capital & people
Green Rock Energy: Our capital & people Market Capitalisation Board of Directors • A$13 million Adrian Larking Geoscientist and Lawyer Managing Director Shares on Issue (GRK) • 206 million Alan Knights Economist and Accountant Options on Issue Executive Director • 21 million Dr Jörg Baumgärtner Geop
Slide 4: Landau, Germany
Landau, Germany Drilled, constructed, commissioned 2007 & operated by Dr Baumgärtner, now starting drilling for 3rd power project. Slide 4
Slide 5: Green Rock Energy: Our purpose
Green Rock Energy: Our purpose ▐A developer of geothermal projects building into a major producer ▐Locating resources that can be commercialised quickly ▐Commencing development with lower cost, lower risk projects ▐Leading to larger longer life projects Slide 5
Slide 6: Key Projects - Year Plan
Green Rock Energy: Key Projects - 3 Year Plan ▐ Projects in good commercial locations, growth potential ▐ Develop two commercial demonstration projects in hot sedimentary aquifers: ▐ Perth – Direct Use (air conditioning/heating commercial industrial buildings throughout the Perth metropolitan area)
Slide 7: Geothermal Energy: Sources of geothermal energy
Geothermal Energy: Sources of geothermal energy Slide 7
Slide 8: Our projects
Green Rock Energy Ltd: Our projects 2009 2010 2011 2012 2013 2014 2015 Perth Alkimos North Perth Basin Olympic Dam Hungary Demonstration Hungary Hungary North East Slide 8
Slide 9: Perth Basin Features
Perth Basin Features ▐ Extensional sedimentary basin, 1000km long ▐ Up to 15 km deep sediments ▐ Geology known from existing wells & seismic data & bores ▐ Extensive thick sandstones ▐ Known good aquifers ▐ Normally pressured ▐ Thermal traps (shale & coal) ▐ High heat flows in north Slide 9 Hot Dry
Slide 10: Perth Basin Geothermal Permits: Hot Sedimentary Aquifers
Perth Basin Geothermal Permits: Hot Sedimentary Aquifers ▐ Known sedimentary hot aquifers ▐ normally pressured sediments ▐ not wildcat area, drilling relatively uncomplicated, lower risk ▐ Close to markets & power grids ▐ Existing infrastructure ▐ Logistical centre for petroleum & mining industries
Slide 11: Perth Urban Geothermal Project
Perth Urban Geothermal Project: GEP 1 Permit held jointly with The University of Western Australia Green Rock Energy is Operator Slide 11
Slide 12: Perth Urban Geothermal Project: Cogeneration
Perth Urban Geothermal Project: Cogeneration ▐ Combined air-conditioning & electricity generation ▐ Heating & Cooling (Absorption Chiller), plus ▐ Electricity Generation ▐ Two geothermal wells ▐ One production – one reinjection (3 km depth) ▐ Water temp – 80⁰C to100ºC at surface ▐ Absorption Chiller
Slide 13: UWA Geothermal Energy Project: Next Steps
UWA Geothermal Energy Project: Next Steps ▐ Geothermal Drilling Program Grant (Nov 2009) application 2009/10 ▐ Design wells & commission rig ▐ Drill 1st and 2nd geothermal wells ▐ Water circulation testing 2010/11 ▐ Design & order Absorption Chiller 2011/12 ▐ Commission Slide 13
Slide 14: Perth Urban Geothermal Project: Market Potential
Perth Urban Geothermal Project: Market Potential ▐ Commercial Demonstration Project in GEP 1 then ▐ Multiple Potential projects in Perth Permit ▐ Stirling City Centre ▐ 30,000 people, high density, residential & commercial centre ▐ 2 major shopping centres ▐ 3 major hospitals a few kilometres from U
Slide 15: North Perth Basin: Overview
North Perth Basin: Overview ▐ Location – near Dongara oil & gas fields ▐ Extensive geological data & existing petroleum wells ▐ Electricity generation ▐ Geothermal heat source ▐ Targeting aquifers with potential for electricity generation 160ºC from depths down to 4km Slide 15
Slide 16: Collie Basin: Overview
Collie Basin: Overview ▐ Joint venture - BHP Billiton Worsley Alumina Pty Ltd ▐ Green Rock is operator ▐ Coal fields, power plants and transmission lines ▐ Wellington Dam – potential for water purification ▐ Technology ▐ Water desalination, coal drying, process heat, electricity generation ▐ Geother
Slide 17: Olympic Dam: The location
Olympic Dam: The location ▐ 100% owned by GRK ▐ 2,897 km2 ▐ enormous energy potential ▐ Proximity to national grid & major customer ▐ minimal transmission costs ▐ 15km to power grid ▐ 20km to mine site ▐ Access to infrastructure ▐ airport, roads, engineering, labour force, medical, town services ▐ A
Slide 18: Olympic Dam Activities
Olympic Dam Activities ▐ Blanche No 1 well drilled, cored & logged to 1,935 m into hot granite ▐ Hydro-fracture testing ▐ Successfully opened fractures at expected operating pressures ▐ Confirmed horizontal compressional stress ▐ Well productivity capability (GeothermEx) ▐ Large Inferred Geothermal
Slide 19: Hungary: Overview
Hungary: Overview ▐ Member of European Union ▐ Proximity to international power grid ▐ minimal transmission costs ▐ Access to infrastructure ▐ roads, engineering, labour force ▐ Feed-in tariff ▐ electricity price €100/MWh ▐ Enables staged development Slide 19 ...... close to guaranteed market
Slide 20: Hungary: CEGE Zrt - Joint Company
Hungary: CEGE Zrt - Joint Company ▐ Resource potential known from 5,000 MOL wells & seismic surveys ▐ Joint operating company - CEGE Zrt ▐ MOL Plc and GRK each with 50% ▐ Objective to develop geothermal projects in Carpathian Basin ▐ Hot geothermal region: 140⁰C to +200⁰C ▐ Commercial demonstration
Slide 21: Summary
Summary ▐ Key project portfolio in range of geological provinces near markets & which can be commercialised quickly ▐ Drilling & geothermal development experience ▐ Lower cost & risk approach ▐ First project (Perth) is stepping stone to larger projects ▐ Olympic Dam very large upside potential Slide
Slide 22: Thank you
Green Rock Energy Ltd ……... Thank you www.greenrock.com.au August November 2009 2008 ABN 59 094 551 336
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