SOURCE: KAL Energy, Inc.

April 26, 2007 06:01 ET

KAL Energy, Inc. -- KAL Energy Shares Now Trading on the Frankfurt Stock Exchange -- Opening Doors to European Investors

LONDON -- (MARKET WIRE) -- April 26, 2007 -- KAL Energy, Inc. (OTCBB: KALG) is pleased to announce its shares are tradable on the Frankfurt Stock Exchange (ISIN US48238A1007) (FRANKFURT: D9T). This enables European investors to trade in KAL Energy stock via a local exchange.

"Given the strong interest we have received from European investors, we are happy to announce this additional market for KAL Energy, broadening investor access to KAL Energy," stated Cameron Reynolds, KAL Energy's CEO.

KAL Energy's wholly owned subsidiary Thatcher Mining Pte. Ltd. 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

Contact Information

  • Contacts:

    Laith Reynolds
    Chairman
    KAL Energy, Inc. ("KALG")
    93-95 Gloucester Place
    London
    W1U 6JQ
    Telephone: 44 207 487 8426
    Fax: 44 207 487 8402

    Investor Information
    1-866-680-2575