licensing with ergo may be painfulinthefuture

I dug this up regarding Linc's now defunct agreement with Ergo...

I wonder if anyone has any thoughts or knows what the agreement is with Cougar?

If you check out Ergo's website it leaves a lot to be desired. Ie they fail to mention that the biggest plant they have been involved in is no bigger than a pilot plant (eskom).

I also would like to know how the royalty setup compares to the current value per gigajoule?
General Licence
Upon payment by Linc Energy of US$1,300,000
to Ergo Exergy, Ergo Exergy will grant a
non-exclusive General Licence to Linc Energy.
A General Licence is a licence to:
use and obtain access to UCG technology;
and;
have confidential information transferred, up
to the stage of detailed design of commercial
plants.
On commissioning of a UCG powered
commercial plant at Chinchilla and the granting
of the General Licence, Linc Energy will be
granted a 25 year exclusive General Licence
for UCG technology in Australia.
On signing the MOU and payment of US$10,000
Linc Energy will be granted the Interim Exclusive
Right (IER). The IER gives Linc Energy the
exclusive right (in Australia) to acquire the
General Licence for a period of 6 months and the
first right of refusal for CTL plants. Linc Energy
can extend this period for two further 6 month
periods on payment of US$10,000 per period.
Linc Energy and Ergo Exergy have entered into
an agreement to extend the period of the IER to
22 September 2006.
During the IER Ergo Exergy agrees to provide
Linc Energy with interim access to the UCG
technology and to assist Linc Energy in
raising funds.
If during the period of the IER, Linc Energy
raises AU$20,000,000 for development of a
commercial plant at Chinchilla, Queensland,
then on payment of US$490,000 (an instalment
of the General Licence fee) Linc Energy will be
granted a Provisional General Licence (PGL).
Under the PGL Ergo Exergy will transfer to Linc
Energy certain UCG technology.
On payment of the balance of the General
Licence fee (US$800,000) (which must be paid
not later than 30 days after commissioning of a
UCG powered commercial plant at Chinchilla,
Queensland), Linc Energy will be granted the
General Licence. Upon the grant of the General
Licence, Ergo Exergy will complete the transfer
of technology under General Licence nonspecific
to the plant at Chinchilla.
Chinchilla Plant Project Licence
The Project Licence for the UCG powered
commercial plant at Chinchilla, Queensland
will be granted on Linc Energy raising
AU$20,000,000 for development of a
commercial plant, Linc Energy paying the full
General Licence fee of US$1,300,000 and paying
the first US$1.00 of project royalties. The Project
Licence fee payable is US$2.00 and a royalty
of US$0.05/GJ (not exceeding A$0.07/GJ) is
payable. The transfer of technology under this
licence will be complete with full operational
manuals and instructions for operating a gas
production plant, to the extent that participation
of Ergo Exergys personnel in the plants
operations will no longer be required.
Project Licences for Other Plants
Project Licences for other plants will be for a fee
not exceeding US$1,000,000 and royalties will
be payable.