Coastal Energy Company Update of Normal Course Issuer Bid (0651H)

TIDMCEO

RNS Number : 0651H

Coastal Energy Company

06 July 2012

AIM: CEO July 6 2012

TSX: CEN

Update of Normal Course Issuer Bid

Further to the Coastal Energy Company's (TSX: CEN, AIM: CEO) announcement on 23 May 2012 regarding the implementation of a Normal Course Issuer Bid, which commenced on 25 May 2012 (the "NCIB") the Company provides the following update relating to common shares in the Company ("Common Shares") purchased, and subsequently cancelled in accordance with the NCIB.

 
                       Number of Common                       Remaining Number 
                        Shares Purchased   Average Purchase    of Common Shares 
        Date              & Cancelled            Price           Outstanding 
--------------------  ------------------  -----------------  ------------------ 
 
  June 29 - July 5, 
  2012                         0                  N/A            113,302,195 
--------------------  ------------------  -----------------  ------------------

The Company will provide further updates on a weekly basis from the date of this announcement.

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.

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