News on Latest Profile KAL Energy Inc. (OTCBB: KALG) KAL Energy Inc. (OTCBB: KALG) KAL Energy, Inc. Commences $2,000,000 USD Work Program LONDON–(MARKET WIRE)–Kal Energy, Inc. (OTC BB:KALG.OB – News) announced on March 1st that a $2,000,000 work program has been initiated on its Thermal Coal Project. The Project has been geologically estimated to contain an available resource of 192,000,000 tons coal and is situated near the Mahakam River in North Eastern Kalimantan, Indonesia. Previous testing has indicated that this coal has a low ash and sulphur content, which is preferable over some other coals due to its usability for environmentally friendly electricity generation. The Phase 1 Drill Program includes extensive drilling, trenching, sampling and mapping of known geological structures, and exploration of unknown structures. The two key objectives of this program are: 1) To further define the known seams to * JORC Compliant inferred resource status, and 2) Explore other prospective areas of our concessions for additional resources “We look forward to beginning Phase 1 and outlining the significant levels of coal resources that have been estimated in our concessions. Our exploration of other unknown structures may yield findings of additional resources that we could utilize as well. This is an important step as we look forward to mining and shipping coal to customers later this year”, stated Cameron Reynolds, Kal Energy’s CEO. In addition, Kal Energy has begun a general infrastructure upgrade on the block to enhance access and support the exploration program. This includes access road upgrades, and the construction of a camp to support the work force. “We are extremely pleased with the rapid progress we are making with the buildup of our infrastructure to provide easier transportation to and from our concessions as well as enhancing the working conditions for our growing workforce,” added Reynolds. 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 Cameron Reynolds, Chief Executive Officer KAL ENERGY INC. *JORC Compliance is a standard used to establish proven reserves Contact: Contact: 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 75,000 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.
- 18 years ago
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StockGuru Alert: News on Latest Profile KAL Energy Inc. (OTCBB: KALG)
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