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Press release from GlobeNewswire (a Nasdaq OMX company)

Coastal Energy Announces Result of Annual General Meeting

Tuesday, July 26, 2011

Coastal Energy Announces Result of Annual General Meeting01:00 EDT Tuesday, July 26, 2011HOUSTON, July 26, 2011 (GLOBE NEWSWIRE) -- Coastal Energy Company (the "Company" or "Coastal") (TSX:CEN) (AIM:CEO) is pleased to announce that at the AGM of the Company, held on 21 July 2011, all resolutions put to shareholders at the meeting were duly passed. 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 servicesCONTACT: Coastal Energy Company +1 (713) 877-6793 Email: investor@CoastalEnergy.com Strand Hanson Limited (Nominated Adviser) Rory Murphy Paul Cocker +44 (0) 20 7409 3494 Macquarie Capital (Europe) Limited (Broker) Ben Colegrave Paul Connolly +44 (0) 20 3037 2000 FirstEnergy Capital LLP (Broker) Hugh Sanderson Travis Inlow +44 (0) 20 7448 0200 Buchanan Communications Tim Thompson Ben Romney +44 (0) 20 7466 5000