Coastal Energy Company Coastal Energy Announces Insider Transactions (6672W)

TIDMCEO

RNS Number : 6672W

Coastal Energy Company

30 January 2013

AIM: CEO January 30, 2013

TSX: CEN

Coastal Energy Announces Insider Transactions

Coastal Energy Company (the "Company" or "Coastal") (TSX: CEN, AIM: CEO), an independent exploration and production company with assets in Thailand, announces that it was notified today of the following transactions in the Company's common shares:

 
                                 Transaction                              Transaction   Shares    % of Total 
 Shareholder        Title            Date       Shares this Transaction      Price       Owned    Outstanding 
-------------  ---------------  -------------  ------------------------  ------------  -------  ------------- 
 Open Market 
  Sale 
-------------  ---------------  -------------  ------------------------  ------------  -------  ------------- 
 L. Barney      Non-Executive 
  Smith            Chairman       01/22/2013             1,580              C$21.28     88,420          0.08% 
 
 

After accounting for the transactions listed above, Directors & Officers own a total of 2,776,200 Common Shares of the Company, or 2.45% of outstanding shares based on total shares issued and outstanding of 113,318,953

Additional information, including the Company's complete competent person's report may be found on the Company's website at www.CoastalEnergy.comor 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.

Enquiries:

Coastal Energy Company

Email: [e-mail] [phone]

Strand Hanson Limited (Nominated Adviser) [phone]

Rory Murphy / Andrew Emmott

Macquarie Capital (Europe) Limited (Broker) [phone]

Paul Connolly

FirstEnergy Capital LLP(Broker)

Hugh Sanderson / Travis Inlow [phone]

Buchanan

Tim Thompson / Ben Romney [phone]

This information is provided by RNS

The company news service from the London Stock Exchange

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