Coastal Energy Announces Approval for Listing on the Toronto Stock Exchange

  Coastal Energy Company (the "Company" or "Coastal") (TSX-V: CEN) (AIM: CEO) announces that the Toronto Stock Exchange (TSX) has conditionally approved the listing of the Company's common shares. The Company's shares will begin trading on the TSX on or about July 5, 2011 under the ticker symbol "CEN." The Company's shares will be delisted from the TSX Venture Exchange simultaneously with the TSX listing. The Company's shares will continue trading on the London AIM market under the ticker symbol "CEO."

Randy Bartley, Chief Executive Officer of Coastal Energy, commented:

"We are pleased to announce the graduation of our shares to the main board of the Toronto Stock Exchange. The TSX is a world-class marketplace for natural resource companies and we look forward to having access to the largest exchange in Canada while enhancing Coastal's trading liquidity and visibility in the capital markets."

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