Coastal Energy Announces Insider Transaction
June 28 2010 - 4:20PM
Marketwired
Coastal Energy Company (the "Company" or "Coastal") (TSX-V: CEN)
(AIM: CEO), an independent exploration and production company with
assets in Thailand, announces that it was notified today of the
following transactions in the Company's common shares:
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Shares
Owned
Transaction Shares this Following % of Total
Shareholder Title Date Transaction Price Transaction Outstanding*
----------------------------------------------------------------------------------
Option
Exercise
----------------------------------------------------------------------------------
John Director June 24, 25,000 GBP 1.40 100,000 0.09%
Zaozirny 2010
----------------------------------------------------------------------------------
Open Market
Purchase(s)
----------------------------------------------------------------------------------
Bernard de Chairman of June 24, 100,000 C$ 4.22 1,171,975 1.07%
Combret the Board 2010
Bernard de Chairman of June 25, 50,000 C$ 4.24 1,221,975 1.12%
Combret the Board 2010
All other 2,167,500 1.98%
Directors
----------------------------------------------------------------------------------
Total all 3,489,475 3.19%
Directors
----------------------------------------------------------------------------------
*Based on total shares issued and outstanding of 109,537,790
Additional information, including the Company's complete
competent person's report may be found on the Company's website at
www.CoastalEnergy.com or may be found in documents filed on SEDAR
at www.sedar.com.
This statement contains 'forward-looking statements' as defined
by the applicable securities legislation. Statements relating to
current and future drilling results, existence and recoverability
of potential hydrocarbon reserves, production amounts or revenues,
forward capital expenditures, operation costs, oil and gas price
forecasts and similar matters are based on current data and
information and should be viewed as forward-looking statements.
Such statements are not guarantees of future results and are
subject to risks and uncertainties beyond Coastal Energy's control.
Actual results may differ substantially from the forward-looking
statements.
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.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
This news release is not for dissemination in the United States
or through United States newswire services.
Enquiries: Coastal Energy Company Randy L. Bartley
Chief Executive Officer +1 713 877 6705 William C. Phelps Chief
Financial Officer +1 713 877 6727 Email: Email Contact Strand
Hanson Limited (Nominated Adviser) +44 (0) 20 7409 3494 Rory
Murphy Paul Cocker Thomas Weisel Partners (Broker) +44 (0)
20 3205 3615 Paul Colucci Macquarie Capital (Europe) Limited
(Broker) +44 (0) 20 3037 2000 Ben Colegrave Paul Connolly
Buchanan Communications +44 (0) 20 7466 5000 Tim Thompson
Catherine Breen Katharine Sutton
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