NEW YORK, Sept. 9 /PRNewswire-FirstCall/ -- KAL Energy, Inc. (OTC Bulletin
Board: KALG), a thermal coal explorer and developer, announced today that it
has retained Grayling Global as the Company's strategic investor relations and
financial communications counsel.
William Bloking, Executive Chairman and President of KAL Energy, Inc.,
said, "We selected Grayling Global based on their broad experience,
reputation, and proven track record of enhancing visibility and shareholder
value for clients. Their extensive expertise and experience in the energy
sector will be invaluable as we communicate with a broader audience.
"KAL is entering into a new pivotal phase which requires the right team to
ensure excellent execution and communication. KAL is now firmly focused on
exploring and developing its thermal coal resources in Kalimantan, Indonesia,
one of the world's most prolific coal exporting areas." KAL owns the economic
rights to two concessions in East Kalimantan, near the Mahakam River.
"We are currently advancing the work undertaken during our initial
exploration program, which resulted in a JORC compliant inferred resource of
204 million tonnes of thermal coal. We are conducting additional exploration
and other studies, such as aerial topography and transportation and
environmental assessments, to determine the economic viability of the
concessions. As soon as all studies are completed and, assuming that economic
viability is established, KAL plans to begin the exploitation phase. While we
still have some way to go to complete this very critical work, we are very
excited about the overall project," added Mr. Bloking.
"We are delighted to work with KAL Energy as we are able to draw from our
experience and success in the energy/mining sector, and small-cap growth stock
arenas," stated Lucia Domville, Managing Director of Grayling Global. "The
energy market is currently in the global spotlight and at an exciting phase
right now. This is especially true for Asia, where KAL is focused, given its
strong long-term market fundamentals. We are looking forward to working with
KAL Energy's management team to develop a strategic communications program
targeting current stakeholders, potential investors, and the public in
general."
About KAL Energy, Inc.
KAL Energy, Inc, through its wholly owned subsidiary of Thatcher Mining
Pte. Ltd., has economic rights to two coal concessions near the Mahakam River
in East Kalimantan, Indonesia. KAL Energy has commenced exploration programs
and feasibility studies on these concessions to determine their commercial
viability. The Company intends to develop and produce coal from these
concessions in an socially, environmentally and economically sustainable
manner, as guided by the Equator principles. End markets for KAL's thermal
coal product include local Indonesian consumers as well as export markets in
India, China, North Asia, and Southeast Asia. KAL Energy is incorporated in
the State of Delaware and is publicly traded on the NASDAQ OTCBB.
For further information regarding KAL Energy, Inc., please visit the
website at http://www.kalenergyinc.com.
About Grayling Global
Grayling Global, a wholly owned subsidiary of Huntsworth PLC (LSE: HNT.L -
News), is headquartered in London, with offices in New York, Brussels,
Edinburgh, Los Angeles, Istanbul, Madrid, Moscow, Sacramento, Shanghai, Hong
Kong and Tel Aviv. The firm focuses on providing services to privately held
and publicly traded corporate clients in the areas of investor
relations/financial communications, corporate communications, and public
affairs. Additional information may be found at http://www.hfgcg.com.
Contact:
William Bloking
Executive Chairman and President
KAL Energy, Inc.
T. +62 21 521-1110
Email: w.bloking@kalenergyinc.com
Lucia Domville - Investor Relations
Grayling GlobalT: +1 (646) 284-9416
E: ldomville@hfgcg.com
Ivette Almeida - Media Relations
Grayling Global
T: +1 (646) 284-9455
E: Ialmeida@hfgcg.com
SOURCE KAL Energy, Inc.