Coastal Energy Company
Coastal Energy Announces Insider Transactions

Coastal Energy Company 

01.10.2012 22:15
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HOUSTON, 2012-10-01 22:15 CEST (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: 

                                                                                
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 Shareholder       Title       Transaction   Shares   Transact  Shares    % of  
                                  Date        this       ion     Owned   Total  
                                            Transact   Price            Outstand
                                               ion                         ing  
--------------------------------------------------------------------------------
Open Market                                                                     
 Sale                                                                           
--------------------------------------------------------------------------------
 L. Barney     Non-Executive        27       19,596   C$18.389  90,000   0.08%  
   Smith         Chairman       September                8                      
                                  2012                                          
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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
News Source: NASDAQ OMX



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Language:     English
Company:      Coastal Energy Company
              3355 West Alabama
               Houston TX 77098
              Cayman Islands
Phone:        +1 (713) 877-6725
Fax:          +1 (713) 877-7144
E-mail:       investor@coastalenergy.com
Internet:     www.coastalenergy.com
ISIN:         KYG224041189
WKN:          
Listed:       London, Toronto
 
End of Announcement                             DGAP News-Service
 
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