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December 5, 2006
- Ergo Exergy agrees to co-operate with Cougar Energy
(Australia) Ergo Exergy agrees to co-operate
with Cougar Energy Pty Ltd (Australia) in the development of
Underground Coal Gasification projects in several states of
Australia using coal resources on tenements controlled by
Cougar Energy. Cougar Energy is a 100% owned subsidiary of
Pinnacle VRB Limited, a company listed on Australian Stock
Exchange. The drilling program on the Kingaroy tenement
(Queensland) is starting on December 18, 2006.

November 10,
2006 - Ergo Exergy terminates provision of UCG services
to Linc Energy Ltd (Queensland, Australia).
Ergo Exergy formally confirms that provision of its UCG
services to Linc Energy Ltd has been terminated on November
03, 2006. This concludes the process of disassociation
initiated by Ergo Exergy on September 22, 2006. Ergo Exergy
will no longer operate the Chinchilla site or provide its
technical expertise to Linc Energy. Ergo Exergy continues to
focus on implementation of our εUCG™
technology in multiple commercial projects that are currently
under development in Canada, South Africa, USA, Europe, India,
China, New Zealand, Australia and other countries.

September
23, 2006 - Ergo Exergy terminates arrangements to
provide εUCG™ technology to Linc
Energy Ltd (Queensland, Australia).
Ergo Exergy ends tentative business arrangements for
provision of our εUCG™ technology to
Linc Energy Ltd (Queensland, Australia) by declining to
further extend the arrangements that expired on September 22,
2006. For the time being, Ergo Exergy continues to provide UCG
services to Linc Energy on an interim basis.

June 23,
2006 - International Workshop on "Potential for
Underground Coal Gasification" held in Houston, TX, USA.
The event, hosted by
Zeus Development
Corporation of Texas, USA was very successful. Ergo
Exergy delivered a presentation on the history of UCG, the
reliability and environmental performance of the
εUCG™
technology, summary information on various
εUCG™
projects from around the world which we are currently engaged
with and on an integrated approach for CO2
sequestration in the
εUCG™
process. Laurus Energy (Canada), GasTech (USA) and Eskom
(South Africa) all delivered presentations on their commercial
projects and the current status of project development.
Lawrence Livermore National Laboratory (USA) made a
presentation on the advantages which UCG provides over
alternative technologies for CO2 capture and
sequestration and also on their work on the development of
computer models to simulate environmental performance of the
UCG process.
The meeting provided new encouragement to all those involved
in developing UCG projects together with Ergo Exergy and, in
addition, served to alert major coal and oil companies, many
of whom were in attendance, that
εUCG™
is not only real, feasible and available but that it has now
gained critical mass in awareness and acceptance within the
energy industry.

May 8, 2006
- Ergo Exergy commences the first stage of the PRB UCG project
with Gastech Inc, Casper, WY, USA.
Ergo Exergy has reached an agreement with Gastech Inc,
based in Casper, Wyoming, to participate in the first
commercial UCG development in the US. Project owner Gastech
Inc has access to strategic coal resources in the Powder River
Basin. The coal is not recoverable by conventional mining
methods. Ergo Exergy is to determine whether the coal can be
economically extracted by applying its proprietary
εUCG™ technology. The project is targeting
production of liquid synthetic fuels and synthetic natural
gas.

March 30,
2006 - Lawrence Livermore National Laboratory
(Department of Energy, USA) and Ergo Exergy agree on
collaboration and research on underground gasification
technology.
Lawrence Livermore National Laboratory (LLNL) and Ergo
Exergy are to co-operate in conducting research on underground
coal gasification technology - specifically in the areas of
process simulation and carbon sequestration - with an emphasis
on evaluating the environmental performance of a large scale
UCG operation.

February 18,
2006 - GAIL (India) Ltd receives the approval of its
board for acquiring the license for εUCG
technology from Ergo Exergy Technologies, Inc.
Ergo Exergy has been working with GAIL (India), the largest
natural gas company in India, on development of an
εUCG project in Rajasthan, utilizing a deep
lignite deposit in the Barmer area. The parties have agreed on
the terms of license to be acquired by GAIL from Ergo Exergy,
and the GAIL board of directors has approved the terms and
conditions of the license agreement the two parties have
negotiated. This opens the path to an accelerated development
of the εUCG project in Rajasthan.
The project is targeting a 750 MW green-field IGCC plant.

December
06, 2005 - Ergo Exergy begins work with Eskom Holdings Limited
on the construction, commissioning and operation of the pilot εUCG
plant at Majuba, South Africa.
This project is currently in the final stages of
the construction and commissioning of an εUCG
pilot plant, which is scheduled to begin gas production in mid-2006.
The pilot plant will provide for an initial generating capacity of
approximately 6 MWe, which is sufficient to co-fire a single burner at
Majuba power station. Pending the success of the pilot program, gas
production will be scaled up to eventually provide 30% of the plant's
fuel. At that stage, the εUCG facility will
produce ca. 100PJ per annum to generate approximately 1,200 MWe of
electricity.

November
14, 2005 - Ergo Exergy co-authors a Testimony at the US
Congressional hearing on climate change.
Along with Dr S. Julio Friedmann (Director, Carbon
Management Program, Lawrence Livermore National Lab, US DOE), Ergo
Exergy co-authors a Testimony at the US Congressional hearing on
climate change, held on November 14, 2006 in the US Senate Foreign
Relations Committee. The Testimony, titled Underground Coal
Gasification in the USA and Abroad considers the current status of UCG
technology, and the role it should play in meeting the challenges of
global warming and the growing worldwide energy demand.

November
01, 2005 - Ergo Exergy projects and εUCG
technology discussed in the MIT Laboratory for Energy and the
Environment, Cambridge, MA, USA.
Ergo Exergy projects and εUCG
technology are discussed at an environmental seminar at the Laboratory
for Energy and the Environment at Massachusetts Institute of
Technology, sponsored by the MIT Coal Study. Following a presentation
by Ergo Exergy, the technical, environmental and commercial aspects of εUCG
technology have been discussed. The participants include Dr S. Julio
Friedmann (LLNL), Dr James Katzer (MIT Coal Study) and Dr Howard Herzog
(MIT Carbon Sequestration Initiative).
September 15, 2005 - Completion of Site Characterization phase of the
Majuba εUCG™ project in South Africa.
South African power generation company Eskom
Holdings Limited and Ergo Exergy successfully complete the Site
Characterization phase of the Majuba εUCG
project. The Site Characterization objectives were to better understand
the suitability of the Majuba coal resource - in terms of coal
composition and reactivity and the geology, hydrogeology and rock
mechanics of the reserve. The Majuba coal deposit, and specifically the
selected site, is found to be technically suitable for UCG technology.
The coal is proven to be reactive for the UCG process, and the
hydrocarbon product composition to be favorable. It is determined that
the multiple dolerite intrusions that played a role in closing down the
conventional underground mining operations in the area should not pose
insurmountable problems for UCG operations.

June 14, 2005 - Ergo Exergy begins
work with Solid Energy New Zealand Ltd on the first εUCG
project in New Zealand.
Ergo Exergy begins co-operation with Solid Energy
Ltd on development of commercial εUCG
projects in New Zealand, commencing from a screening and scoping study
to analyze coal and lignite deposits in New Zealand for application of εUCG
technology. The total of over 14 billion tonnes of New Zealand's coal
and lignite is to be considered, along with local infrastructure and
markets. This will help to determine market opportunities for applying εUCG
in the production of a range of value added products, including
electricity and synthetic fuels. The results will enable definition and
development of the first commercial εUCG
project in New Zealand.

April
07, 2005 - Laurus Energy Inc. completes geological inventory of
Canada coal resources suitable for εUCG
technology.
Canadian Licensee of εUCG
technology Laurus Energy Inc. completes a countrywide geological study
of Canada's coal and lignite deposits, determining which of these
resources in Canada are suitable for successful application of εUCG
technology. The study utilizes proprietary selection criteria provided
by Ergo Exergy, and has taken over 12 months to complete. It has been
conducted with assistance of two Canadian geology consulting companies,
and the results show that the resource base for εUCG
in Canada exceeds 2 trillion tonnes - most of this coal being
unsuitable for conventional mining. Every Canadian province except for
Québec has considerable coal and lignite resources that can be
monetized by εUCG technology. Laurus Energy
is planning a number of commercial εUCG
projects in Canada based on the resources identified in the study.

February
19, 2005 - Ergo Exergy signs a memorandum of cooperation (MOC)
with GAIL (India) Ltd, for development of commercial εUCG
projects in India.
The companies agree to co-operate in the matter of
the development of εUCG projects in India.
Ergo Exergy, the owner of the Exergy UCG technology - which enables
commercial UCG projects worldwide - will supply the know-how for
UCG-based power generation and chemical synthesis. This will include
the cleanup, processing and conditioning of UCG gas for value-added
applications, such as production of methanol and clean synthetic liquid
fuel.
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