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Coastal Energy Announces Insider Transactions

HOUSTON, Aug. 21, 2012 (GLOBE NEWSWIRE) -- 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:

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

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