See that KALG.ob they are over in the Kalimantan area AQGC has some claims there as well dont they .
KAL Energy, Inc. is a publicly traded (Nasdaq OTCBB:KALG) junior mining company focused on exploring and developing the Thermal Coal resources of Kalimantan, Indonesia in a socially and environmentally responsible manner, as guided by the Equator principles.
KAL Energy has secured the rights to an estimated 192+ Million Tons of Thermal Coal. (Not NI-43-101/JORC compliant). Preliminary sampling indicates that product has very low sulphur, very low ash content- suited for power generation.
KAL Energy has successfully recruited a seasoned management team to ensure profitable execution.
Financing for Phase 1 Exploration has been secured enabling KAL Energy to commence and aggressive drilling program in 1st Half 2007 targeted at procuring inferred and indicated resources models for its exiting concessions.
Customers for this product have been identified, with 200k tonnes of production planned to commence in 2nd Half 2007, scaling to 5Million tonnes (Mt) /yr within 4 years, and a long-term production target of 15Mt/yr.
