Coastal Energy Company Appointment of Non-Executive Director (6853D)

TIDMCEO

RNS Number : 6853D

Coastal Energy Company

01 May 2013

 
 For immediate release   01 May 2013 
 

Coastal Energy Company

("Coastal" or the "Company")

Coastal Energy Announces Appointment of Non-Executive Director

Coastal (TSX: CEN) (AIM: CEO) is pleased to announce the appointment of Forrest Wylie as a Non-Executive Director of the Company, with effect from today.

Mr. Wylie served previously on the board of the Company as a Non-Executive Director from September 2006 to April 2011, when he stepped down due to time constraints as Chairman and Chief Executive Officer at Buckeye Partners, L.P., the NYSE listedmidstream company.

Mr. Wylie has extensive experience in the oil & gas industry. He was CEO of Buckeye Partners, L.P. from 2007 to 2012, since when he has continued to serve as Non-Executive Chairman. He is also a Non-Executive Director of Cross Group Incorporated, a marine and offshore services provider, and USA Compression GP, LLC, the NYSE listed provider of compression units and services to the offshore industry. He was previously on the boards of Pacific Energy Management LLC, NuCoastal Corporation and Eagle Bulk Shipping Inc.

Randy Bartley, President & CEO of Coastal Energy commented:

"We are pleased that Mr. Wylie has rejoined our Board of Directors. His extensive experience in the energy industry is valuable and we look forward to his continued involvement in the Company."

The following information is provided pursuant to paragraph (g) Schedule Two of the AIM rules:

Forrest Edward Wylie, aged 50.

 
 Current Directorships   Past Directorships (last 
                          5 years) 
 Buckeye Partners, LP    Coastal Energy Company 
 Cross Incorporated      Eagle Bulk Shipping Inc. 
 USA Compression 
 Wylie Ventures LLC 
 

Enquiries:

 
 Coastal Energy Company 
  Email: [e-mail]              Tel: [phone] 
                                                 6793 
 Strand Hanson Limited - Nomad 
  Rory Murphy / Andrew Emmott                    Tel: +44 (0) 20 
                                                 7409 3494 
 Macquarie Capital (Europe) Limited - Broker 
  Jeffrey Auld                                   Tel: +44 (0) 20 
                                                 3037 2000 
 First Energy Capital LLP - Broker 
  Hugh Sanderson / Travis Inlow                  Tel: +44 (0) 20 
                                                 7448 0200 
 Buchanan 
  Tim Thompson / Ben Romney                      Tel: +44 (0) 20 
                                                 7466 5000 
 

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.

This information is provided by RNS

The company news service from the London Stock Exchange

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