CybeRelease: (OTC: KALG) Gets $2.55 Price Target
(CybeRelease, May 31, 2007) - Lake Harmony, PA - KAL Energy, Inc. (OTC BB: KALG) (Frankfurt: D9T.F) announced Market Advisors, Inc., a stock research firm, has initiated coverage of KAL Energy, Inc. today with an intermediate-term price objective of $2.55.
“KAL Energy is a publicly traded junior coal mining company engaged in the exploration and development of the Thermal Coal resources of Kalimantan, Indonesia. Our price objective of $2.55 indicates a potential gain of nearly 120% from the current trading level. Our assessment of KAL Energy is well supported by its core business and future expansion plans,” commented Market Advisors, Inc.
The full report is available from KAL Energy’s website at: http://kalenergyinc.com/investors/reports.asp
KAL Energy, Inc. has 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. With one of the world’s largest thermal coal exporters Kaltim Prima Coal (KPC) as its neighbor, KAL energy’s concessions are in a region that is known for its extensive open pit thermal coal producing mines. Indonesia has recently surpassed Australia as the world’s leading thermal coal exporter, with prices varying from $30.00 to $60.00 plus per ton.
Market Advisors, Inc. is a Nebraska-based, privately held stock research and analysis firm. Founded in 1983, Market Advisors Research provides economic, market and equity research and investment banking services. Our target audience is the underserved small-cap market. Market Advisors is committed to providing the highest quality investment research to the investing public allowing them to make informed decisions.
To read the complete release, go to http://biz.yahoo.com/iw/070531/0259910.html
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