HOUSTON, Aug. 23, 2012 (GLOBE NEWSWIRE) -- Further to the Coastal Energy Company's (TSX:CEN) (AIM:CEO) announcement on 23 May 2012 regarding the implementation of a Normal Course Issuer Bid, which commenced on 25 May 2012 (the "NCIB"), the Company provides the following update relating to common shares in the Company ("Common Shares") purchased, and subsequently cancelled in accordance with the NCIB.
|Date||Number of Common Shares Purchased & Cancelled||Average Purchase Price||Remaining Number of Common Shares Outstanding|
|August 16 – August 23, 2012||37,000||C$15.7471||113,257,327|
Additional information, including the Company's complete competent person's report may be found on the Company's website at www.CoastalEnergy.com or may be found in documents filed on SEDAR at www.sedar.com .
The Coastal Energy Company logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=10062
|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|
|Tim Thompson / Ben Romney||+44 (0) 20 7466 5000|