picogui 0.44 won't compile?

Hi all,
 I am new to this list and wanted to play around with picogui. I have the 
following problem when trying to compile the latest source tree:

$ cd '~/picogui/pgserver'
~/picogui/pgserver$ ./autogen.sh
autogen.sh: using private SDL m4 file
autogen.sh:running: aclocal -I macros -I macros/extra
aclocal: configure.in: 162: macro `AM_PROG_LIBTOOL' not found in library
autogen.sh:error: while running aclocal -I macros -I macros/extra

Any idea what I am doing wrong?
Thanks
Remy
	


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