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Coastal Energy Announces Insider Transactions

HOUSTON, Oct. 1, 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
Open Market Sale            
 L. Barney Smith Non-Executive Chairman 27 September 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

The Coastal Energy Company logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=10062

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 .

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.

CONTACT: 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

Coastal Energy Company Logo

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