CybeRelease: (OTC: KALG) Announces New Drill Rigs Arrive at Coal Concessions
(CybeRelease, March 7, 2007) – Lake Harmony, Pa. - Kal Energy, Inc (OTC BB: KALG) announced 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
To read the complete release, go to http://biz.yahoo.com/iw/070307/0223902.html
CybeRelease Gainers are Illumina, Inc. (Nasdaq: ILMN), Panera Bread Company (Nasdaq: PNRA), Daktronics, Inc. (Nasdaq: DAKT), Ceradyne, Inc. (Nasdaq: CRDN), Bucyrus International, Inc. (Nasdaq: BUCY), GFI Group Inc. (Nasdaq: GFIG), NII Holdings, Inc. (Nasdaq: NIHD) and Ryanair Holdings PLC (Nasdaq: RYAAY).
CybeRelease Decliners are Research in Motion Limited (Nasdaq: RIMM), Jupitermedia Corporation (Nasdaq: JUPM), Infosys Technologies Limited (Nasdaq: INFY), Rocky Shoes & Boots, Inc. (Nasdaq: RCKY), Sina Corporation (Nasdaq: SINA), F5 Networks, Inc. (Nasdaq: FFIV), Affymetrix, Inc. (Nasdaq: AFFX) and Cerner Corporation (Nasdaq: CERN).
Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor’s reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. A third party has hired and paid CybeRelease $995.00 for the publication of this report. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. We have no ownership of equity, no representation and do no trading of any kind.
- Contact Information
- C. P. Barry
- Media Contact
- Contact via E-mail
This news content may be integrated into any legitimate news gathering and publishing effort. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.