SOURCE: KAL Energy, Inc.

March 07, 2007 10:35 ET

KAL Energy, Inc. Five Drill Rigs Arrive at Kal Energy's Coal Concessions

LONDON -- (MARKET WIRE) -- March 7, 2007 -- Kal Energy, Inc (OTCBB: KALG) is pleased to announce 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

Strato Malamas - Director

Contact Information

  • Mercantile Ascendency NewsWire
    Angela Junell

    KAL Energy, Inc ("KALG")
    93-95 Gloucester Place
    W1U 6JQ
    Telephone: 0207 487 8426
    Fax: 0207 487 8402