SOURCE: KAL Energy, Inc.

April 17, 2007 11:54 ET

321Energy.com Announces Coverage of KAL Energy

LONDON -- (MARKET WIRE) -- April 17, 2007 -- Bob Moriarty, President of 321Energy.com and 321Gold.com, announced today that both web sites have initiated Editorial Profile Coverage of KAL Energy Inc. (OTCBB: KALG). Mr. Moriarty initiated his coverage on KAL Energy following a recent trip to Indonesia to visit the company's coal concessions in East Kalimantan. After witnessing firsthand the rapid progress the company has made thus far in drilling their coal seams and the buildup of its workforce to 128 people (including 8 geologists), he decided to feature his report on both of his websites, 321Energy.com and 321Gold.com. Mr. Moriarty has also become an investor of KAL Energy.

To view the 321 Energy coverage of KAL Energy Inc., please visit: http://www.321energy.com/editorials/moriarty/moriarty041707.html

KAL Energy through its 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. This region has been an active coal exporter since the 1990s, and in 2004 Indonesia passed Australia as the largest exporter of thermal coal. Governmental signing was achieved on Sep. 14th, 2006. Title & Ownership structure has been extensively reviewed by HHP, the in-country affiliate of Baker & McKenzie International.

About 321Energy.com and 321Gold.com:

Utilizing a wealth of knowledge and analytical experience, Bob Moriarty reports on numerous companies in the mining, energy, resource, and commodities sectors. Both 321Energy.com and 321Gold.com feature numerous articles, editorial opinions, pricing figures, and updates on the current events taking place in the aforementioned sectors. Catering to a large audience, these websites have taken a strong foothold in the investment community.

Notice Regarding Forward-Looking Statements

This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future.

Contact Information

  • Contact:
    KAL Energy
    1-866-680-2575