Coastal Energy Company Insider Transactions (6799N)

TIDMCEO

RNS Number : 6799N

Coastal Energy Company

02 October 2012

 
 AIM: CEO    October 2, 2012 
  TSX: CEN

Coastal Energy Company

(the "Company" or "Coastal")

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                              Transaction   Shares    % of Total 
 Shareholder        Title             Date       Shares this Transaction      Price       Owned    Outstanding 
-------------  ---------------  --------------  ------------------------  ------------  -------  ------------- 
 Open Market 
  Sale 
-------------  ---------------  --------------  ------------------------  ------------  -------  ------------- 
 
   L. Barney    Non-Executive    27 September 
   Smith           Chairman           2012               19,596             C$18.3898    90,000          0.08%

After accounting for the transactions listed above, Directors & Officers own a total of 3,704,550 Common Shares of the Company, or 3.29% of outstanding shares based on total shares issued and outstanding of 113,257,328

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) 
  Rory Murphy / Paul Cocker            +44 (0) 20 7409 3494 
 
 Macquarie Capital (Europe) 
  Limited (Broker) 
  Paul Connolly / Jeffrey 
  Auld                                 +44 (0) 20 3037 2000 
 
 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

The company news service from the London Stock Exchange

END

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