THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH
UNITED STATES NEWSWIRE SERVICES.


Coastal Energy Company (the "Company") (TSX VENTURE:CEN)(AIM:CEO) announces its
AIM block admission return for the period from 24 September 2007 to 24 March
2008.




----------------------------------------------------------------------------
                      Common Shares of $0.01 (Pre-Reverse Stock Split)
                  ----------------------------------------------------------
Name of Scheme /   Issuable under    Expired/  Issuable under     Effect of
 Exercise Price      scheme at 24   cancelled    scheme prior       reverse
                       Sept. 2007      during      to reverse   stock split
                                   the period     stock split       (Note 1)
----------------------------------------------------------------------------

Common share
 purchase
 warrants
 granted 20
 July 2005 at
 GBP 0.70 /
 now at GBP 2.80
 (Note 1)               9,375,002           -       9,375,002    (7,031,257)

Options granted
 25 Jan. 05 under
 the Company's
 Stock Option
 Plan at GBP 0.10
 now at GBP 0.40
 (Note 1)                 850,000           -         850,000      (637,500)

Options granted
 06 July 05
 under the
 Company's Stock
 Option Plan at
 GBP 0.35 / now
 at GBP 1.40
 (Note 1)               1,600,000    (750,000)       (850,000)     (637,500)

Options granted
 27 Dec. 06 under
 the Company's
 Stock Option
 Plan at CAD 0.55
 / now at CAD
 2.20 (Note 1)          9,375,002           -       9,375,002    (8,700,000)

Options granted
 15 June 07 under
 the Company's
 Stock Option
 Plan at CAD 0.74
 / now at CAD
 2.96 (Note 1)            850,000           -         850,000    (1,125,000)

Options granted
 25 Jan 08 under
 the Company's
 Stock Option
 Plan at CAD 3.94               -           -               -             -

----------------------------------------------------------------------------
TOTAL                  24,925,002    (750,000)     24,175,002   (18,131,257)



----------------------------------------------------------------------------
                                   Common Shares of $0.04
                     -------------------------------------------------------
Name of Scheme /      Issuable under    Issuable    Issued   Issuable under
 Exercise Price         scheme after      during    during     scheme at 24
                       reverse stock         the       the       March 2008
                               split      period    period
----------------------------------------------------------------------------

Common share
 purchase warrants
 granted 20 July
 2005 at GBP 0.70
 / now at GBP 2.80
 (Note 1)                  2,343,745           -         -        2,343,745

Options granted
 25 Jan. 05 under
 the Company's
 Stock Option Plan
 at GBP 0.10 now
 at GBP 0.40
 (Note 1)                    212,500           -   (25,000)         187,500

Options granted
 06 July 05 under
 the Company's
 Stock Option Plan
 at GBP 0.35 / now
 at GBP 1.40 (Note 1)        212,500           -   (37,500)         175,000

Options granted 27
 Dec. 06 under the
 Company's Stock
 Option Plan at CAD
 0.55 / now at CAD
 2.20 (Note 1)             2,900,000           -         -        2,900,000

Options granted 15
 June 07 under the
 Company's Stock
 Option Plan at CAD
 0.74 / now at CAD
 2.96 (Note 1)               375,000           -         -          375,000

Options granted 25
 Jan 08 under the
 Company's Stock
 Option Plan at CAD
 3.94                                  2,375,000         -        2,375,000

----------------------------------------------------------------------------
TOTAL                      6,043,745   2,375,000   (62,500)       8,356,245

Note 1: The shares of the Company's common stock were reduced by a reverse
stock split with a conversion ratio of one share for every four held (1:4)
effective 8 November 2007. The par value of the common stock was increased
from US $0.01 to US $0.04 as a result of this reverse stock split. All
warrants and stock options outstanding at this date were also reduced by the
same ratio and their related exercise price was increased accordingly.



Since 24 September 2007, excluding adjustment for the reverse stock split, the
block scheme has been increased by 1,562,500 common shares.


As at 24 March, 2008, the Company has 93,490,720 common shares in issue with a
par value of US $0.04.


As at 25 September 2006, the date of the Company's admission to AIM, the Company
had an issued share capital of 305,832,888 common shares with par value of US
$0.01 admitted to trading on AIM. As a result of the reverse stock split, this
share capital was reduced to 76,458,222 common shares with par value of US
$0.04.


The Company has also applied to AIM for an additional 5,000,000 common shares
with par value of US $0.04 to be listed via a block listing. Admission of the
new common shares is expected to occur at 8am on 13 June 2008.


On behalf of Coastal Energy Company

Kimberley R. Landon, Corporate Secretary

For additional information, please visit our website, www.CoastalEnergy.com.

These securities have not been registered under United States Securities Act of
1933 (the "US Securities Act") or the securities laws of any state and may not
be offered or sold in the United States or to US persons (as defined in
Regulation S under the US Securities Act) unless an exemption from registration
is available.
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