Coastal Energy Announces Appointment of Joint Broker

   Coastal Energy Company (the "Company" or "Coastal") (TSX-V: CEN) (AIM: CEO) announces that it has appointed FirstEnergy Capital LLP as joint broker to the Company with immediate effect.

FirstEnergy is a leading international energy-focused investment bank and has securities licenses in Canada, United States and the UK with offices in Calgary, Alberta and a full-service energy investment banking operation in London, UK. FirstEnergy's UK activities include corporate broking, equity research, sales & trading, corporate mergers & acquisitions and oil and gas property acquisitions & divestiture advisory.

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.

These securities have not been registered under United States Securities Act of 1933 (the "US Securities Act") or the securities laws of any state and may not be offered or sold in the United States or to US persons (as defined in Regulation S under the US Securities Act) unless an exemption from registration is available.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

This news release is not for dissemination in the United States or through United States newswire services

Enquiries: Coastal Energy Company Email: Email Contact [phone] Strand Hanson Limited (Nominated Adviser) Rory Murphy Paul Cocker [phone] Macquarie Capital (Europe) Limited (Broker) Ben Colegrave Paul Connolly [phone] FirstEnergy Capital LLP (Broker) Hugh Sanderson Travis Inlow [phone] Buchanan Communications Tim Thompson Chris McMahon Ben Romney [phone]