Ptr Minerals Limited · ASX:PTR
Ptr Minerals — Petratherm — South Australia's Future Energy Conference 2009
18 slides from Ptr Minerals's conference presentation, Aug 18, 2009
Slide 1: South Australia's Future Energy
South Australia’s Future Energy “Building a portfolio of quality geothermal energy projects - Australia and Overseas” 18 August 2009 Presented by Terry Kallis (Managing Director) 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 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 no reason to
Slide 3: Presentation Outline
Presentation Outline • Corporate DVD (8 minutes) • Corporate Overview • Geothermal Energy Technology • Paralana Project – Overview – JV arrangements – Drilling program and fracture stimulation • Key Points of Differentiation • Outlook for Calendar 2009 petratherm
Slide 4: Corporate Overview (PTR.AX)
Corporate Overview (PTR.AX) China – Exclusive Key Statistics Madrid & Barcelona – exploration ¾ Current shares on issue – 92 m direct use heat, agreement ¾ Market capitalization - $28.5m (at share EGS and price of $0.30) hydrothermal ¾ Cash – June 30 $13 m ¾ Grants - GDP $7.0m ¾ Grant Application –
Slide 5: Corporate Mission & Business Model
Corporate Mission & Business Model 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 there is a favourable
Slide 6: Petratherm Board
Petratherm Board Highly experienced Board with combination of commercial and technical skills including: • Corporate governance • Financial management • Legal DerekCarter Derek Carter Simon O’Loughlin Richard Hillis Chairman Chairman Director Director • Marketing • Project Management • Exploration a
Slide 7: Corporate Overview – Skills & Capabilities
Corporate Overview – Skills & Capabilities Combined skills and experience of the Board Management, Partners and Consultants capable of delivering successful geothermal energy projects – from underground resource through to market Beach Petroleum - Subsurface – well design, drilling and fracture stim
Slide 8: Geothermal Energy Technology - Project Portfolio
Geothermal Energy Technology - Project Portfolio TAG – thermally anomalous granite EGS technology – hot rocks Large systems – low enthalpy TAG Abundant resource Requires large commercial demonstration Paralana – EGS – power production East Gippsland – Hot sedimentary aquifer Tenerife and Gran Canari
Slide 9: Paralana Project - Overview
Paralana Project - Overview ¾ Uniquely positioned to be potentially commercially viable at all Stages! 9 High heat flow rate (128mW/m²) and predicted Temperature of 200˚C at a depth of 3600 metres 9 Stable geological formation and expect no overpressures – suggests good drilling conditions 9 Very cl
Slide 10: Paralana Project Joint Venture
Paralana Project Joint Venture ¾Beach 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 ¾TRUenergy Farmin (Aug 2008
Slide 11: Paralana Project
Paralana Project 109oC • Heat flow of 128 mWm-2 petratherm • Modeled 200oc at 3.6km (Seismic Line 84 SPG)
Slide 12: Paralana 2 - Development Path to date
Paralana 2 - Development Path to date • 2D Reflection Seismic and MT Surveys • Installed Passive Seismic Array (IESE) • Cleared 1km x 2km development site • Casing and well head ordered • Camp Established and Crew Trained • Drilling rig arrived, transported, assembled and drilling at a depth of ???
Slide 13: Paralana 2009 Development Plan
Paralana 2009 Development Plan • June 2009 First Deep Well to ~ 4 Kms • Well testing and stimulation program • First half 2010 Second Deep Well Heat Exchanger Within Insulator (HEWI) Model petratherm
Slide 14: Paralana 2 Well Drilling
Paralana 2 Well Drilling • Contract 2000 HP Drilling Rig # 828 from Weatherford International Drilling arrived in Port Pirie in May 2009 - Le Tourneau – “ Lightning Rig” built in Dubai • Paralana 2 well spud in late June 2009 • Well Testing and Stimulation Program to follow after well completion • P
Slide 15: Paralana Drilling Rig and Camp Site
Paralana Drilling Rig and Camp Site
Slide 16: 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, market, permits/stakeholders • HEWI model approach to resource exploitation process for EGS/hot rock that aims reduce costs and
Slide 17: Petratherm Outlook for Calendar 2009
Petratherm Outlook for Calendar 2009 • Finalize the $57M TRUenergy Farm-in 9 January • Secure $7M GDP funding for drilling 9 April • Spud Paralana 2 deep well (4kms) 9 June • Drill/complete well (around 3 to 4 months) followed by , testing logging, fracturing and stimulation program in second half o
Slide 18: Thank You
ASX code: PTR Thank You petratherm www.petratherm.com.au
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