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

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: Enquiries:         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

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