Coastal Energy Company Coastal Energy Announces Insider Transactions (3608U)

TIDMCEO

RNS Number : 3608U

Coastal Energy Company

27 December 2012

AIM: CEO December 27, 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 
--------------------  --------------------  -------------  ------------------  ------------  ----------  ------------- 
 Transfer to 
  Family Trust 
--------------------  --------------------  -------------  ------------------  ------------  ----------  ------------- 
                            Director, 
                            President 
                        & Chief Executive 
 Randy L. Bartley            Officer          12/21/2012         420,000            N/A        769,970           0.68% 
--------------------  --------------------  -------------  ------------------  ------------  ----------  ------------- 
                            Director, 
 William C.              Chief Financial 
  Phelps                     Officer          12/21/2012         300,000            N/A       1,171,160          1.03% 
--------------------  --------------------  -------------  ------------------  ------------  ----------  ------------- 
 Option Exercise 
 for Cash Settlement 
--------------------  --------------------  -------------  ------------------  ------------  ----------  ------------- 
                            Director, 
                            President 
                        & Chief Executive 
 Randy L. Bartley            Officer          12/21/2012         784,000          C$19.70      769,970           0.68% 
                                                                                  (C$3.94 
                                                                                   Strike 
                                                                                   Price) 
  -------------------------------------------------------  ------------------  ------------  ----------  ------------- 
                            Director, 
 William C.              Chief Financial 
  Phelps                     Officer          12/21/2012         113,320          C$19.70     1,171,160          1.03% 
                                                                                  (C$3.94 
                                                                                   Strike 
                                                                                   Price) 
  -------------------------------------------------------  ------------------  ------------  ----------  ------------- 
 Open Market 
  Sale 
--------------------  --------------------  -------------  ------------------  ------------  ----------  ------------- 
                            Director, 
 William C.              Chief Financial 
  Phelps                     Officer          12/21/2012         156,100          C$19.70     1,171,160          1.03%

After accounting for the transactions listed above, Directors & Officers own a total of 2,777,780 Common Shares of the Company, or 2.45% of outstanding shares based on total shares issued and outstanding of 113,318,953

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 / Andrew Emmott

Macquarie Capital (Europe) Limited (Broker) +44 (0) 20 3037 2000

Paul Connolly

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