Coastal Energy Company Update of Normal Course Issuer Bid

30.08.2013  |  GlobeNewswire

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.

Remaining Number of
Number of Common Shares Average Purchase Common Shares
Date Purchased & Cancelled Price 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.



Coastal Energy Company
+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