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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