Insider Transaction (8233D)
May 22 2012 - 2:51AM
UK Regulatory
TIDMCEO
RNS Number : 8233D
Coastal Energy Company
22 May 2012
AIM: CEO May 22, 2012
TSX: CEN
Coastal Energy Announces Insider Transactions
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:
Transaction Transaction Shares % of Total
Shareholder Title Date Shares this Transaction Price Owned 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.comor 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.
Enquiries:
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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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