KAL ENERGY INC (KALG)

[OilStockReport]

The number I tried it and its seems to just say goodbye when you call and hang up. I found this email [e-mail]
registered to the website. I emailed to see if I can find anything.

[HobbyTrader]

Any updates?

Yeah lots of these pennies have been through rough pasts and all. Hard to find one that doesn't have that mark in some manner or another.

[OilStockReport]

Ok thanks for the contact info I will give it a shot to see what information I can get.

Rough past here so not surprised it is hard to reach anyone:

http://seekingalpha.com/article/38111-kal-energy-avoid-this-stock-at-all-costs

But sometimes turn arounds can be very lucrative. JMHO

[HobbyTrader]

Website not working and the info on pinksheets is in Indonesia. I would rather not make that call. :) But I had missed this: us investors relations # 866-680-2575

[OilStockReport]

Sure thing, going to try to contact the company for more information as well.

[HobbyTrader]

Let me know if you can decipher things. :) Trying to figure out all the mumbo jumbo if you will.

[OilStockReport]

I see do some digging, appears it could be something to generate some interest here.

[HobbyTrader]

Yes. Wondering if that is going to develop into anything soon.

[OilStockReport]

This is what you are talking about right? Has management indicated any kind of timeline?

ITEM 1.01
ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.

On April 12, 2010, KAL Energy, Inc., its subsidiary Thatcher Mining PTE, Ltd, PT Kubar Resources and Kangaroo Resources Limited (“KRL”) entered into a Cooperation Agreement (the “Agreement”) whereby, among other things the parties agee that:


KRL pays KAL Energy US$850,000.00;

KRL assigns KAL Energy an eight percent (8%) free-carried economic interest in the PT Graha Panca Karsa (“GPK”) project, which may be modified as KRL’s relationship to the project evolves (as detailed in the Agreement and the Deed of Assignment at Schedule 5 to the Agreement);

the parties will use their best efforts to secure the best commercial outcome for the GPK asset, such efforts which will include, but not be limited to, the procurement of a liquidity event for the GPK asset (as detailed in the Agreement);

KAL Energy, using all of its expertise and available data assists KRL in the effort to secure the best commercial outcome for the GPK asset;

KRL is granted a call option, exercisable 12 months from the date of this agreement, pursuant to which KRL can purchase KAL Energy’s interest in the GPK project for an additional $4 million, and which may be paid in tranches as delivery of the interests occurs pursuant to a timeline detailed in the Agreement; and

the parties enter into a Deed of Release, which is found at Schedule 3 to the Agreement, whereby (i) KAL Energy and Thatcher release Romo Nitiyudo Wachjo, KRL and GPK from all present and future liability and claims arising under or in connection with any existing agreement, as further detailed in the Deed of Release, (ii) KAL Energy and Thatcher agree to jointly and severally indemnify Romo Nitiyudo Wachjo, KRL and GPK against all present and future liabilities, losses or claims arising under or in connection with any existing agreement, as further detailed in the Deed of Release, and (iii) KAL Energy assigns its rights under current agreements to KRL, as further detailed in the Deed of Release.

The summary set forth above is qualified in its entirety by the Agreement attached hereto as Exhibit 99.1, which is incorporated herein by this reference.

[HobbyTrader]

Continue to look for an update from the April 8-K. If things go smoothly there it could start a domino effect perhaps of things falling into place. Seems that the potential is definitely here. On research radar at the very least.

[OilStockReport]

Likewise, seems like there could be potential for something.

[HobbyTrader]

Would love to know your updated take here on this one.

[HDOGTX]

8-K Apr 16, 2010 Apr 12, 2010

Estimated Market Cap: $940,913 as of Jun 4, 2010
Outstanding Shares: 134,416,172 as of Sept 30, 2008
Number of Shareholders of Record: 129 as of Sept 15, 2008

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7190280

ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.



On April 12, 2010, KAL Energy, Inc., its subsidiary Thatcher Mining PTE, Ltd, PT Kubar Resources and Kangaroo Resources Limited (“KRL”) entered into a Cooperation Agreement (the “Agreement”) whereby, among other things the parties agee that:


· KRL pays KAL Energy US$850,000.00;



· KRL assigns KAL Energy an eight percent (8%) free-carried economic interest in the PT Graha Panca Karsa (“GPK”) project, which may be modified as KRL’s relationship to the project evolves (as detailed in the Agreement and the Deed of Assignment at Schedule 5 to the Agreement);



· the parties will use their best efforts to secure the best commercial outcome for the GPK asset, such efforts which will include, but not be limited to, the procurement of a liquidity event for the GPK asset (as detailed in the Agreement);



· KAL Energy, using all of its expertise and available data assists KRL in the effort to secure the best commercial outcome for the GPK asset;



· KRL is granted a call option, exercisable 12 months from the date of this agreement, pursuant to which KRL can purchase KAL Energy’s interest in the GPK project for an additional $4 million, and which may be paid in tranches as delivery of the interests occurs pursuant to a timeline detailed in the Agreement; and



· the parties enter into a Deed of Release, which is found at Schedule 3 to the Agreement, whereby (i) KAL Energy and Thatcher release Romo Nitiyudo Wachjo, KRL and GPK from all present and future liability and claims arising under or in connection with any existing agreement, as further detailed in the Deed of Release, (ii) KAL Energy and Thatcher agree to jointly and severally indemnify Romo Nitiyudo Wachjo, KRL and GPK against all present and future liabilities, losses or claims arising under or in connection with any existing agreement, as further detailed in the Deed of Release, and (iii) KAL Energy assigns its rights under current agreements to KRL, as further detailed in the Deed of Release.



The summary set forth above is qualified in its entirety by the Agreement attached hereto as Exhibit 99.1, which is incorporated herein by this reference.


ITEM 8.01 OTHER EVENTS.


Due to the unavailability of certain parties, administrative challenges associated with domesticating the proposed form of the the Deed of Termination and Release among KAL Energy, its subsidiary Thatcher, Romo Nitiyudo Wachjo, KRL and GPK (the “Original Release”), which was previously disclosed in the Current Report on Form 8-K filed on October 1, 2009, and a general deterioration of the understanding surrounding the Release, all parties agreed to cease their efforts with respect to the Release and pursue an alternate strategy to address the interests that had developed in GPK. This alternate strategy culminated in the Cooperation Agreement, which accomplishes many of the same goals while creating a more complete cooperative solution regarding GPK, as summarized above.


The Original Release was intended to terminate, in exchange for certain consideration, all claims held by KAL Energy and its affiliates to the economic benefits to which they may have been entitled with respect to GPK. As disclosed in its Current Report on Form 8-K filed on December 18, 2009, KAL Energy provided signatories to the proposed Original Release and KRL was delaying its payments until it received satisfactory guidance as to the efficacy of the proposed signatories.





--------------------------------------------------------------------------------




ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.


(d) Exhibits

[INDY]

CHART:

[INDY]

**DD**

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, one of which has a JORC Compliant resource of 204 million metric tons. 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 a 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.

[INDY]

NEWS 10/6/08:

KAL Energy Enters Into Amended Royalty Agreement

NEW YORK, Oct 06, 2008 /PRNewswire-FirstCall via COMTEX/ -- Improvement on future operating margins
KAL Energy, Inc. (OTC Bulletin Board: KALG), a thermal coal explorer and developer, today announced that it has successfully amended the terms of its royalty agreement with Concord International. Under the terms of the new agreement, the Company will pay royalties as follows:

1. For all coal sales under $40 per metric ton the royalty is reduced from
$0.40 per metric ton, indexed annually with inflation, to $0.20 per
metric ton fixed and flat.
2. For all coal sales over $40 per metric ton, the royalty is changed from
$0.40 per metric ton, indexed annually with inflation, to the higher of
$0.40 per metric ton or 0.65% of the price of coal per metric ton.
3. The Company will also make a one time payment of $15,000 at the time of
the first coal sale in exchange for a waiver on all royalties for the
first three years of production.

William Bloking, Executive Chairman and President of KAL Energy, Inc. said, "The Company is focused on improving margins from our coal concessions. This measure allows the Company to improve its margins at the lower end of the coal price band, whilst capping the margin impact at higher coal prices.
"We are firmly committed to improving shareholder value, and one of the ways of doing this is to proactively identify opportunities that improve future returns for the Company. We have targeted a reduction in the overall royalty rate as well as the elimination of CPI indexation, given its potential to erode margins during times of decreasing coal prices. This agreement also reduces the royalty impact during the initial production years as we stabilize production and operating costs.

"It is difficult to quantify the impact of these royalty changes with precision given the variables in play, including production levels, future coal prices, and future inflation rates. However, over a coal price range of US$35 - US$50 per metric ton, and assuming production levels of 2 - 5 million metric tons per annum, royalty savings could be as high as US$1 million per year," Mr. Bloking added.

[INDY]

CONTACT INFO:

KAL Energy, Inc.
4562 Underwood Avenue
North Vancouver, BC V7K 2S2
Canada
Phone: [phone]
Fax: [phone]

[SilverBolt]

Looks like something is in the works

[yarddog]

I knew it

[yarddog]

I can't take this anymore, I am out as of Monday and buying some FRPT I think. Good Luck to those who stay. Me leaving will make this thing fly. LOL

[Taurus]

Form 4: Update Filing for KAL Energy Inc (KALG)
9:00 p.m. 12/06/2007 Provided by


Dec 06, 2007 (Vickers Stock Research via COMTEX) -- Document Processing Date: December 05, 2007

Stock Name: KAL Energy Inc Stock CUSIP: 48238A100

Filer: CAMINSCHI, ANDREW Position: Director

Stock Symbol: KALG Exchange: OTC Stock Type: COM

Transaction period: November 26, 2007 Trade amount: 500000 shares Trade type: Disposition (Non Open Market) Trade price range:

Shares still held: 500000 shares Own Type: Direct

Copyright (c) 2007, Vickers Stock Research Corporation. All rights reserved.

[yarddog]

I wish this thing would take hold and leave the .30 station, Jeez

[iglos]

i would like to fund this deal. clean up your balance sheet by purchasing you rdebt and turning it to equity at market price.

iglos

[yarddog]

This stock has been flying under the radar for some reason, but once it is noticed it has to go up just like oil. IMO

[yarddog]

Is there anyone that think this is a discount price to what it should be?

[yarddog]

Nice up today

[yarddog]

We Didn't move much today but Oil did, it went up. Coal should be doing the same soon, JMO

[yarddog]

Looks like KALG on way back up, Winter is coming and world will need plenty of this stuff. imo

[flanders]

Im out, this is not good, they take it down with small volume

[flanders]

thx ;))

[Ogclip ©]

Nice chart in the IBOX.. :)

[flanders]

It held very well, just a little dip , let see what brings tomorow

[GordonGecko]

Interesting thanks

[flanders]

Into the 40c or maybe more

[GordonGecko]

still looks like a good entry price, what's ur target?

[GordonGecko]

very nice, do you think it could see 1$?

[SilverBolt]

In at .20, been watching this for about 6 months. This could be a good LT hold.

[flanders]

no gordon im in at 31c

[GordonGecko]

nice bounce here, were u able to grab some below 20 cents?

[CoolD]

I pick up on this stock Monday eveing after running my scans...The bounce in price is holding strong

[flanders]

ut 0.33x 0.35

[flanders]

Asia Coal-Prices jumps on to record on worsening supply crunch
Mon Oct 15, 2007 9:11am BST Email This Article | Print This Article | Digg | Single Page[-] Text [+] Market News
Aviva eyes new Asian markets
More Business & Investing News... By Fayen Wong SYDNEY, Oct 15 (Reuters) - Australian spot thermal coal
prices rose above $76 tonne on Monday to a record, lifted by a
supply crunch as Asian buyers scramble for more coal before the
northern winter. Thermal coal, used in power generation, jumped $4.52 from a
week earlier to $76.16 per tonne, the globalCOAL NEWC index
showed, based on free-on-board (FOB) prices loaded at
Newcastle. "There just isn't any tonnage available in the market,"
said a source from a major Australian producer. "There is a rumour in the market that there are only one or
two panamax shipments in the market... and that's driving up
prices, the source said. A February and a March loading 65,000 tonnes cargo of
Australian coal traded on Wednesday at $77.95 a tonne DOB
Newcastle. But record coal prices at $76 a tonne could lure Chinese
producers, such as Shenhua Energy Ltd (601088.SS: Quote, Profile, Research)(1088.HK: Quote, Profile, Research) and
China Coal (1898.HK: Quote, Profile, Research), back into the export market, industry
sources said. A trader said Chinese producers were offering coal with
calorific value of 6,000 kcal/kg (Net As Received basis) at
about $75 a tonne FOB China's Qinhuangdao earlier this month. The offer represents about a $6 premium to domestic prices,
which were hovering around 520 yuan ($69.25) a tonne. Coal for delivery in 2008 also reached a record of $78 a
tonne. A major Indonesian producer said it has settled its Oct
07-Sept 2008 contracts with some Japanese utilities at $75 a
tonne for coal with calorific value of between 6,500 kcal/kg
(Gross As Dried basis), a maximum of 6 percent ash and not much
than 14 percent moisture. "The market is going crazy and I don't think the situation
will change in the near future," according to the producer.
($1=7.509 Yuan)

[flanders]

1 most recent report from 21 august gives a target of 1.70$

http://www.investologyinc.com/company.php?id=26

[flanders]

hi kitty, i found this on the homepage from kal energy

[kittycattttt]

How did u find this?

[flanders]

2 research reports gives a target of 2.55$ and 2$ why is this stock so low, this is the moment to buy more here

[flanders]

Welcome to this new board