Coastal Energy Announces Insider Transactions
May 21 2012 - 7:54PM
Coastal Energy Company (the "Company" or "Coastal") (TSX:CEN)
(AIM:CEO), an independent exploration and production company with
assets in Thailand, announces that it was notified Monday of the
following purchase transactions in the Company's common shares:
Shareholder |
Title |
Transaction
Date |
Shares this
Transaction |
Transaction
Price |
Shares
Owned |
% of Total
Outstanding |
Open
Market Purchase |
Olivier de
Montal |
Director |
May 18, 2012 |
10,000 |
C$13.00 |
370,000 |
0.32% |
|
|
|
|
|
|
|
After accounting for the transactions listed above, Directors
& Officers own a total of 3,716,646 Common Shares of the
Company, or 3.25% of outstanding shares based on total shares
issued and outstanding of 114,319,445
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.
The Coastal Energy Company logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=10062
CONTACT: Coastal Energy Company
Email: investor@CoastalEnergy.com
+1 (713) 877-6793
Strand Hanson Limited (Nominated Adviser)
+44 (0) 20 7409 3494
Rory Murphy / Paul Cocker
Macquarie Capital (Europe) Limited (Broker)
+44 (0) 20 3037 2000
Paul Connolly / Jeffrey Auld
FirstEnergy Capital LLP (Broker)
Hugh Sanderson / Travis Inlow
+44 (0) 20 7448 0200
Buchanan
Tim Thompson / Ben Romney
+44 (0) 20 7466 5000
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