Ptr Minerals Limited · ASX:PTR
Ptr Minerals — Petratherm — Resources Victoria Conference (August 2009)
24 slides from Ptr Minerals's conference presentation, Aug 17, 2009
Slide 1: Overview of Victorian Geothermal Energy Industry
17 August 2009 Resources Victoria Conference “Overview of Victorian Geothermal Energy Industry ” Presented by: Terry Kallis - Managing Director Petratherm Limited and Chairman, Australian Geothermal Energy Association Explorer and Developer of Geothermal Energy
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Petratherm Limited (Petratherm). The information contained in this presentation 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 Petratherm has
Slide 3: Presentation Outline
Presentation Outline • Key Messages • Geothermal Energy – technology and costs • Australian Geothermal Energy potential • Victorian geothermal exploration and development • Developers – Greenearth Energy – Granite Power – Hot Rock Ltd – Torrens Energy – Petratherm Limited • Renewable Energy Policy &
Slide 4: Key Messages
Key Messages • Geothermal energy has the potential to provide large scale, base load and low cost renewable energy - variety of technologies and applications • Australia has the key ingredients for developing successful engineered geothermal systems (EGS) and hot sedimentary aquifer projects • While
Slide 5: Geothermal Energy - Technologies
Geothermal Energy - Technologies Cost Drivers • Temperature • Drilling Depth • Flow Rate • Network Connection • Generation Plant High up front costs – drilling, fracture stimulation, connection, plant (low O/M + no fuel costs)
Slide 6: Geothermal Energy Technologies
Geothermal Energy Technologies
Slide 7: Geothermal Energy Cost Comparison
Geothermal Energy Cost Comparison 1600 Brown Coal PF 420MW (CF85%) Electricity Supply Industry Planning Council Brown Coal PF 420MW (CF85%) + GS 1400 • 6.8% Australia’s base-load from Black Coal PF 420MW (CF85%) geothermal by 2030 Black Coal PF 420MW (CF85%) + GS 1200 • “significant potential impact
Slide 8: Drivers - The Promise of Geothermal
Drivers - The Promise of Geothermal Indicative Resource Map Australia’s hot rock energy 150oC to 5km ~ 1.2 billion PJ ~20,000 X annual primary energy use in Australia Source: Geoscience Australia (2007)
Slide 9: Drivers - Govt. Legislation and Support
Drivers - Govt. Legislation and Support 1. Geothermal Tenure - SA, Vic, Tas, NSW, QLD, WA ( and NT soon) 2. RECS, NGACS, VRECS, Carbon Schemes 3. State and Federal Govt. grants ~ $100 Million since 2000 4. Geothermal Industry Development Framework – COAG Initiative 5. Australian Geothermal Energy Gr
Slide 10: MMA Report on Geothermal - Findings
MMA Report on Geothermal - Findings • Geothermal energy expected to build up to 2,200 MWs of base- load capacity by 2020; • An estimated $12 billion would be invested to develop that capacity; • Represents up to 40% of the Federal Government’s 2020 Renewable Energy Target of 45,000 GWh - the equival
Slide 11: Growth of Australian EGS Industry
Growth of Australian EGS Industry August 2009 GELS / GELAS Snapshot Aust. 383 Vic 23 Expenditure Aust. > $1,500 Mill Vic ~ $ 375 Mill Geothermal well Exploration licence Exploration licence application 48 companies in total Acreage offered for work program bids 10 ASX listed geothermal 7 ASX listed
Slide 12: Geothermal Energy in Victoria – Regulation
Geothermal Energy in Victoria – Regulation • Geothermal Energy Resources (GER) Act provides framework for geothermal energy for depths > 1,000 metres and temperatures > 70ºC. • GER Act provides secure title and clear, consistent approvals process for companies. • Small scale geothermal projects – he
Slide 13: Victorian Exploration Permits
Victorian Exploration Permits
Slide 14: Geothermal Energy in Victoria - Snapshot
Geothermal Energy in Victoria - Snapshot • 23 geothermal exploration permits held by seven companies. • Total area of GEPs is 162,000 km2, 72% of the state and a total proposed expenditure over five years is $376 million. • Proximity to high-voltage transmission lines in most areas. • Aim to contrib
Slide 15: Greenearth Energy staged project development
Stage 1 Proof-of-Concept + Located 11 km north of the Anglesea Brown Coal Fired Power Station * 2 deep wells to circa 4,000m with potential for wells to be utilised in Stage 2 + Planned to commence mid 2010 Stage 2 Demonstration Initial 12MW Hot Sedimentary Aquifer (HSA) Organic Rankine Cycle (ORC)
Slide 16: Granite Power - West Gippsland
granite ~ power One tenement: West Gippsland GEPI11 —- east half of Melbourne & beyond * Formal Inferred Resource: 31,000 (+/-7,000) PJ - Equates to ~1,000MW generating capacity (25 year life) —- South of Warragul, & open to south * Proposed Project: — 5MW Demonstration of GRANEX Enhanced Power Proj
Slide 17: HRL Geothermal HSA discoveries, Otway Basin
¥ HRL Geothermal HSA discoveries based on petroleum wells, Otway Basin = Estimated stable formation temperatures range from 126°C to 158°C b/w 2400m to 3700m = Temperatures well suited to electricity generation from conventional binary cycle power plants a ibelseclebite Advanced Koroit he ice Projec
Slide 18: Torrens Energy GEP 5
Prospective Region – West of the highlands where sediments less deformed but still overlying Selwyn Block Basement Torrens Energy GEP 5 •Central to Key Infrastructure and Markets •Favourable Geology – Insulating Cover (Melbourne Zone) •Geological Interpretation of Heat Producing Basement (Selwyn Blo
Slide 19: Petratherm - East Gippsland GEP
Petratherm - East Gippsland GEP GEP 24 Wellington Park 1 Temp at 3.6kms - 163ºC Next steps • MT/Seismic in 2010 • Deep well in 2011
Slide 20: Renewable Energy Policy & Geothermal
Renewable Energy Policy & Geothermal • Strong Federal and State Government Support -Federal Government Policy Frameworks • $50M Geothermal Drilling Program -$7M max/project • Geothermal Energy Industry Development Framework • $300M Renewable Energy Demonstration Program (excludes solar) • AEMC revie
Slide 21: Summary and Conclusions
Summary and Conclusions • Geothermal energy has the potential to provide large scale, base load and low cost renewable energy - variety of technologies and applications • Australia has the key ingredients for developing successful engineered geothermal systems (EGS) and hot sedimentary aquifer proje
Slide 22: Thank You
Thank You petratherm ASX Code: PTR www.petratherm.com.au Phone: (08) 8274 5000 www.agea.org.au www.pir.sa.gov.au
Slide 23: Australian Geothermal Energy Association
Australian Geothermal Energy Association The national industry association for the Australian Geothermal Energy Industry AGEA’s Vision. Geothermal energy providing the lowest cost emissions-free renewable base load energy to Australian homes and businesses for centuries to come. AGEA’s Mission. fost
Slide 24: Australian Geothermal Energy Group (AGEG)
Australian Geothermal Energy Group (AGEG) AGEG’S VISION: Geothermal resources to provide the lowest cost emissions-free renewable base load and direct use energy for centuries to come. • Currently 96 members and growing • Includes all companies with geothermal licences, all Federal, State and NT gov
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