Coastal Energy Company Insider Transactions (5272K)

TIDMCEO

RNS Number : 5272K

Coastal Energy Company

22 August 2012

AIM: CEO August 21, 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 today of the following transactions in the Company's common shares:

 
                                          Transaction         Shares this       Transaction    Shares      % of Total 
    Shareholder           Title               Date            Transaction          Price        Owned      Outstanding 
------------------  -----------------  ----------------  --------------------  ------------  ----------  ------------- 
 Option Exercise 
------------------  -----------------  ----------------  --------------------  ------------  ----------  ------------- 
                     Chief Executive    16 - 21 August 
 Randy L. Bartley         Officer             2012              150,000           C$3.94      1,189,970          1.05% 
 
   William C.        Chief Financial    20 - 21 August 
   Phelps                 Officer             2012              35,000            C$3.94      1,627,260          1.43% 
 
 Open Market 
  Sale 
------------------  -----------------  ----------------  --------------------  ------------  ----------  ------------- 
                     Chief Executive    16 - 21 August 
 Randy L. Bartley         Officer             2012              150,000           C$14.56     1,189,970          1.05% 
 
   William C.        Chief Financial    20 - 21 August 
   Phelps                 Officer             2012              35,000           C$ 15.06     ,1627,260          1.43% 
------------------  -----------------  ----------------  --------------------  ------------  ----------  -------------

After accounting for the transactions listed above, Directors & Officers own a total of 3,724,146 Common Shares of the Company, or 3.29% of outstanding shares based on total shares issued and outstanding of 113,294,327

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 (Financial PR)

Tim Thompson / Ben Romney / Helen Chan +44 (0) 20 7466 5000

This information is provided by RNS