Kal Energy Inc. Stock Analysis KALG

KAL Energy, Inc. engages in the exploration, extraction, and distribution of coal. The company is headquartered in Jakarta Selatan, Dki Jakarta and currently employs 32 full-time employees. The company went IPO on 2004-12-29. The firm's operations are carried out through its wholly owned subsidiary, Thatcher Mining Pte. Ltd. Its business plan is to engage in the exploration, extraction and distribution of coal. The firm is engaged in the search for coal deposits and is not engaged in the exploitation of a coal deposit. The company is not engaged in the preparation of an established commercially mineable coal deposit for extraction or in the exploitation of a coal deposit. The firm has the rights to two coal concessions situated near the Mahakam River in Northeastern Kalimantan, Indonesia. The Company, its subsidiary Thatcher Mining PTE, Ltd, PT Kubar Resources and Kangaroo Resources Limited (KRL) entered into a cooperation agreement.