KAL Energy Inc. (OTCBB: KALG)
KAL Energy, Inc. Five Drill Rigs Arrive at Kal Energy’s Coal Concessions
LONDON–(MARKET WIRE)–Kal Energy, Inc (OTC BB:KALG.OB – News) announced on March 7th that all of the heavy equipment for the $2,000,000 work program previously announced has arrived and is on site. Construction of the camp and all facilities for the 65 man workforce is near completion. This will provide for more efficient living and working quarters as Kal Energy increases its workforce for drilling and future mining operations on the property.
Five drill rigs are on the property and will be fully operational by March 8, 2007. Initial drill results are expected by March 15, 2007. Previous samples have demonstrated that the quality of Kal Energy’s thermal coal deposits contain very low sulphur and ash content — suitable for electricity generation. This is consistent with other coal producing companies’ deposits in Indonesia.
KAL Energy’s wholly owned subsidiary Thatcher Mining Pte. has the rights to two coal concessions situated near the Mahakam River in North Eastern Kalimantan, Indonesia. This river is a main transportation system for transporting coal to nearby markets. Consulting Geologist, Jonathan O’Dell, has estimated that blocks 16 & 24 could contain over 192,000,000 tons of thermal coal. Today Indonesia is the leading exporter of thermal coal and export prices vary from $30.00 to $60.00 plus per ton. For more information on KAL Energy, Inc. please visit our web site at www.kalenergyinc.com
KAL ENERGY INC.
Strato Malamas – Director
Contact:
Mercantile Ascendency NewsWire
Angela Junell
214-461-3411
ajunell@mercantileascendency.com
KAL Energy, Inc (”KALG”)
93-95 Gloucester Place
London
W1U 6JQ
Telephone: 0207 487 8426
Fax: 0207 487 8402
Source: Kal Energy, Inc.
View the StockGuru Profile for KAL Energy:
http://www.stockguru.com/profiles/kalg/
We Invite you to Visit the All New StockGuru Blog!
Here you will find updates on all our covered companies, including Profiled Companies and StockGuru Picks.
Click HERE to visit the Blog, or go to:
http://stockguru.com/blog/
StockGuru.com is owned and operated by Pentony Enterprises LLC, 9555 Lebanon Road, Suite 103, Frisco, Texas 75035. Telephone: (469) 252-3030. Web: StockGuru.com. Email: Publisher@stockguru.com. Disclosure: Pentony Enterprises LLC was compensated 30,000 free trading shares from a non controlling third party for profile coverage. Pentony Enterprises LLC is not a registered investment adviser or broker/dealer. Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this web site are suitable or advisable for any person or that an investment in such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk. It is the policy of Pentony Enterprises LLC to sell all shares of this and any company featured. Anyone considering any company we feature in consideration for free trading shares should consider this.