Coastal Energy Company
Coastal Energy Announces Initial Flow Rate From Songkhla A-10 Well

Coastal Energy Company 

24.09.2012 22:48
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HOUSTON, 2012-09-24 22:48 CEST (GLOBE NEWSWIRE) -- Coastal Energy Company (the
'Company' or 'Coastal') (TSX:CEN) (AIM:CEO) announces the initial flow rate
from the Songkhla A-10 well. 

The Songkhla A-10 well was completed using an electric submersible pump and is
initially flowing approximately 4,000 bopd while still cleaning up. The next
well, the A-13, has been spudded and will test the northeastern fault block at
Songkhla A. 

Randy Bartley, President and Chief Executive Officer, commented:

'We are pleased with the initial flow rate from the A-10 well. We expect some
additional gains in production as the well continues to clean up. Current
offshore production is 23,000 bopd with total company production at 25,500
boepd. 

The A-13 well is an exploration well testing a step-out prospect across the
fault line in the northeastern area of Songkhla A. If successful, it will add
additional reserves and open up a new area for further appraisal and
development.' 

Randy Bartley, President and Chief Executive Officer of the Company and a
member of the Society of Petroleum Engineering, and Jerry Moon, Vice President,
Technical & Business Development, a member of the American Association of
Petroleum Geologists, a Certified Petroleum Geologist and a Licensed
Professional Geoscientist in the state of Texas, have reviewed the contents of
this announcement. 

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. 

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


         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)
         Steve Baldwin / Jeffrey Auld
         +44 (0) 20 3037 2000
         
         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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