KAL Energy, Inc. - BHP Billiton Energy Veteran Joins KAL Energy Board as Independent Director
June 26 2007 - 9:30AM
PR Newswire (US)
LONDON, June 26 /PRNewswire-FirstCall/ -- KAL Energy, Inc.
(OTC:KALG) (BULLETIN BOARD: KALG) (Frankfurt: D9T.F) is pleased to
announce that Prof. William (Bill) Fredrick Bloking has joined its
Board of Directors as an Independent Director, effective
immediately. Bill Bloking, 56, recently retired as President of
Australia-Asia Gas for BHP Billiton Petroleum, where he also served
as CEO of BHP Billiton Petroleum (North West Shelf) and was fully
responsible for the BHPB's interest in the North West Shelf, Browse
LNG and Pilbara LNG projects. BHP Billiton is the world's largest
diversified resource company and is noted as the second largest
producer and marketer of export thermal coal. Prior to his work at
BHP Billition, Prof. Bloking also served as a General Manager for
Esso Indonesia, Inc. American-born Mr. Bloking holds dual American
/ Australian citizenship and is the Vice Chairman of the Australia
China Business Council. He is currently Chairman of Norwest Energy
NL, Cool Energy Ltd, and Cullen Wines (Australia), and is a
director of the John Holland Group, Delta Pacific Mining Plc, the
West Australian Symphony Orchestra and the Lions Eye Institute. He
is also a Governor of the American Chamber of Commerce in
Australia, a member of the Advisory Board of the University of
Western Australia's Confucius Centre, and is an Adjunct Professor
at Murdoch University. Laith Reynolds, KAL Energy Chairman, in
announcing the appointment stated, "I am delighted to welcome Prof.
Bloking to the Board. The addition of an Independent Director of
Bill's stature to the Board is a significant milestone in the
development of KAL Energy. Bill's experience and insight will make
a valuable contribution." Commenting on Prof. Bloking's appointment
Cameron Reynolds said, "Bill brings a wealth of experience to the
Board, especially in the area of the Asian energy market. His
distinguished career in the international energy sector and
extensive commercial credentials will play a critical role as KAL
Energy moves from exploration to development and marketing of its
thermal coal concessions." "KAL Energy is well positioned to
partake in the strong fundamentals of the Asian Energy sector. I am
very pleased to be joining the board of KAL Energy and contributing
to the company's growth and development," stated Prof. Bloking. KAL
Energy, Inc. has rights to two coal concessions situated near the
Mahakam River in North Eastern Kalimantan, Indonesia. This river is
a main transportation system for transporting coal to nearby
markets. One of the concessions has a JORC Compliant Inferred
Resource of 204 Million tonnes of thermal coal. With one of the
world's largest thermal coal exporters Kaltim Prima Coal (KPC) as
its neighbor, KAL energy's concessions are in a region that is
known for its extensive open pit thermal coal producing mines and
environmentally friendly coal product. Indonesia has recently
surpassed Australia as the world's leading thermal coal exporter,
with prices varying from $30.00 to $60.00 plus per ton. For more
information on KAL Energy, Inc. please visit our web site at
http://www.kalenergyinc.com/ Notice Regarding Forward-Looking
Statements This news release contains "forward-looking statements,"
as that term is defined in Section 27A of the United States
Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934. Statements in this press release which are not purely
historical are forward-looking statements and include any
statements regarding beliefs, plans, expectations or intentions
regarding the future. DATASOURCE: KAL Energy, Inc. CONTACT: Laith
Reynolds, Chairman of KAL Energy, Inc., +44-207-487-8426, or fax,
+44-207-487-8402, or US Investor Relations Line, +1-866-680-2575
Web site: http://www.kalenergyinc.com/
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