Coastal Energy Company
Update of Normal Course Issuer Bid

Coastal Energy Company 

30.08.2013 14:00
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HOUSTON, 2013-08-30 14:00 CEST (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. 

                                                                                
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- 
         Date              Number of Common       Average       Remaining Number
                                Shares            Purchase            of        
                              Purchased &           Price        Common Shares  
                              Cancelled                           Outstanding   
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August 20 - August 26,          172,000           C$15.13         113,193,627   
 2013                                                                           
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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. 


         CONTACT: Coastal Energy Company
         Email: investor@CoastalEnergy.com
         +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
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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