StockGuru News: Over 1000m of Exploratory Drilling Completed on East Kalimantan Coal Concession
Over 1000m of Exploratory Drilling Completed on East Kalimantan Coal Concession KAL Energy Inc. (OTCBB: KALG) LONDON–(MARKET WIRE)–Mar 21, 2007 — KAL Energy, Inc. (OTC BB:KALG.OB - News) is pleased to announce the commencement of exploratory drilling on its East Kalimantan Coal Concessions. This is a key milestone of the previously announced $2,000,000 work program. “With five drill rigs on the property, and over 1000m of exploratory drilling completed to date, we are delighted with the excellent progress demonstrated by our team,” stated Cameron Reynolds, KAL Energy’s CEO. The work program includes over 5700m of deep drilling, with 57 holes…