Coastal Energy Company Update of Normal Course Issuer Bid (2729J)

TIDMCEO

RNS Number : 2729J

Coastal Energy Company

15 July 2013

AIM: CEO July 15, 2013

TSX: CEN

Update of Normal Course Issuer Bid

Further to the Coastal Energy Company's (TSX: CEN, AIM: CEO) announcement on 11 June 2013 regarding the implementation of a Normal Course Issuer Bid, which commenced on 14 June 2013 (the "NCIB") the Company provides the following update relating to common shares in the Company ("Common Shares") purchased, and subsequently cancelled in accordance with the NCIB.

 
                        Number of Common                       Remaining Number 
                         Shares Purchased   Average Purchase    of Common Shares 
         Date              & Cancelled            Price           Outstanding 
---------------------  ------------------  -----------------  ------------------ 
 
   July 5 - July 12, 
   2013                       259,800            C$15.30           113,345,019 
---------------------  ------------------  -----------------  ------------------ 
 

The Company will provide further updates on a weekly basis from the date 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.

Enquiries:

Coastal Energy Company

Email: [e-mail] [phone]

Strand Hanson Limited (Nominated Adviser) [phone]

Rory Murphy / Andrew Emmott

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

Steve Baldwin/Andrew Jones

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

END

MSCNKQDNCBKDBOD