Deliver Your News to the World

CybeRelease: (OTC: KALG) Reports 8-Meter Coal Seam Discovered


(CybeRelease, July 26, 2007) – Lake Harmony, Pa. - KAL Energy, Inc. (OTC BB: KALG; Frankfurt: D9T.F) announced that it has confirmed the discovery of an 8m coal seam on one of its two thermal coal concessions in East Kalimantan Indonesia, after drilling five new holes. The seam thickness varied from 7.2m to 8.8m (24.75 ft to 29 ft) in all five holes with drilling spaced approximately 1km apart.

Cameron Reynolds, KAL Energy CEO, stated, “Results from our Block 24 thermal coal concession continues to exceed our expectations. These latest drill results are exciting because of the thickness of the seam and its location less than 6 miles from the Mahakam River; which implies low transportation costs and therefore better potential profit margins. Our geological team is currently continuing exploration and analysis to conclude whether this is part of the primary seam, which averaged approximately 4 meters, or if it is a new seam.”

“The size and scope of the Block 24 resource is such that we are now selecting an internationally renowned geological consultancy to produce an updated resource statement. The new resource statement will include this most recent discovery, and any further reportable coal from the other 3 previously identified seams that did not form part of the previous JORC reports estimate of 204 million tonnes on Block 24. We are targeting for this report to be published this September,” added Andrew Caminschi, KAL Energy Executive Director.

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. One of the concessions has a JORC Compliant Inferred Resource of 204 Million tonnes 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 and environmentally friendlier coal product. 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.

For more information on KAL Energy, Inc. please visit their web site at

To read the complete release, go to

CybeRelease Gainers are Juniper Networks, Inc. (Nasdaq: JNPR), Amgen Inc. (Nasdaq: AMGN), ASML Holding N.V. (Nasdaq: ASML), FormFactor, Inc. (Nasdaq: FORM), JDA Software Group, Inc. (Nasdaq: JDAS), FLIR Systems, Inc. (Nasdaq: FLIR) and EMCORE Corporation (Nasdaq: EMKR).

CybeRelease Decliners are Charles Schwab Corporation (The) (Nasdaq: SCHW), E*TRADE Financial Corporation (Nasdaq: ETFC), Xilinx, Inc. (Nasdaq: XLNX), Gilead Sciences, Inc. (Nasdaq: GILD), CMGI, Inc. (Nasdaq: CMGI), Brocade Communications Systems, Inc. (Nasdaq: BRCD) and Akamai Technologies, Inc. (Nasdaq: AKAM).

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.


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.