its a waiting game ..., page-4

Green Iguana

Forgot to comment on your query re the commercial relationship between Cougar and Ergo for access to the Ergo Exergy ucg technology.

The short answer is it is not published information, but the longer answer is that whatever it costs it is included in the project feasibility figures presented to date ... that includes excess cash flow and internal rates of return.

I posted recently that the financial spend at Cougar has been something like $9mill cf about $30mill at CNX and about $50 mill at LNC (cant recall the timescale but probably the past 12-18 months) ... so it can be seen there is quite an investment being made at CNX and LNC to develop ucg technology and I suspect there is a lot more to be spent to perfect it. There is also a risk that having spent that sort of money over several yrs any developed inhouse ucg technology may or may not be as successful as the existing Ergo technology ... but thats the beauty of risk.

Cheers
Dex