Coastal Energy Company Insider Transactions (2420M)

TIDMCEO

RNS Number : 2420M

Coastal Energy Company

22 August 2013

AIM: CEO August 22, 2013

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 yesterday of the following transactions in the Company's common shares:

 
                                 Transaction                              Transaction    Shares      % of Total 
   Shareholder        Title          Date       Shares this Transaction      Price        Owned      Outstanding 
-----------------  -----------  -------------  ------------------------  ------------  ----------  ------------- 
 Option Exercise 
-----------------  -----------  -------------  ------------------------  ------------  ----------  ------------- 
 William C.         Director, 
  Phelps                CFO       08/19/2013            20,608              C$5.13      1,181,768          1.04%

After accounting for the transactions listed above, Directors & Officers own a total of 2,796,808 Common Shares of the Company, or 2.47% of outstanding shares based on total shares issued and outstanding of 113,365,627

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.

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

Steve Baldwin/Andrew Jones

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

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