KAL Energy is a junior mining company focused on exploring and developing the Thermal Coal resources of Kalimantan, Indonesia. KAL Energy has secured rights to two large scale coal concessions, Block 24(24711 acres) and Block 16 (24711 acres), both situated near the Mahakam River in North Eastern Kalimantan. River barging via the Mahakam River provides year round, low cost transportation to sea ports. Preliminary sampling indicates that product has very low sulphur and ash content, with high caloric value making it well suited for power generation. The company is currently carrying out a Phase 1 drilling program (5000 meters) and plans to begin production of around 200,000 tonnes by the end of the second quarter of 2007 and scaling to 5 million tonnes (Mt) /yr within 4 years, and a long-term production target of 15Mt/yr. Kal’s chief geologist Jonathan O’Dell estimates the coal concessions at blocks 21 and 16 to be greater than 192 million tones. Estimation of the potential is based on a 4-5 meter thick single seam of coal.

Share Structure

Shares Outstanding: 97,602,772
Market Cap: 97,602,772 * 1.11 = 108,339,076
Insider Ownership: 76%
Cash: Have secured financing (US$ 3,500,000) from an institutional investor for Phase 1 of a $2 million drilling program.

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