Coastal Energy Company
Coastal Energy Responds to Media Reports of Potential Transaction

Coastal Energy Company 

06.11.2012 21:52
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HOUSTON, 2012-11-06 21:52 CET (GLOBE NEWSWIRE) -- Coastal Energy Company (the
'Company') (TSX:CEN) (AIM:CEO) wishes to comment on media reports regarding a
potential transaction between Coastal and Indonesia's state-owned oil company
Pertamina. The Company advises that it continuously evaluates strategic
alternatives, including but not limited to the potential sale of the Company,
to maximize shareholder value. However, there can be no assurance that any
transaction will occur. 

The Coastal Energy Company logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=10062 


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