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Update Of Normal Course Issuer Bid

HOUSTON, Aug. 30, 2013 (GLOBE NEWSWIRE) -- Further to the Coastal Energy Company's (TSX:CEN) (AIM:CEO) announcement on 11 June 2013 regarding the implementation of a Normal Course Issuer Bid, which commenced on 14 June 2013 (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 20 – August 26, 2013   172,000   C$15.13   113,193,627

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 .

CONTACT: Coastal Energy Company
         Email: investor@CoastalEnergy.com
         +1 (713) 877-6793
         
         Strand Hanson Limited (Nominated Adviser)
         Rory Murphy / Andrew Emmott
         +44 (0) 20 7409 3494
         
         Macquarie Capital (Europe) Limited (Broker)
         Steve Baldwin/Andrew Jones
         +44 (0) 20 3037 2000
         
         FirstEnergy Capital LLP (Broker)
         Hugh Sanderson / Travis Inlow
         +44 (0) 20 7448 0200
         
         Buchanan
         Tim Thompson / Ben Romney
         +44 (0) 20 7466 5000

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