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Press release from GlobeNewswire (a Nasdaq OMX company)

Coastal Energy Announces Insider Transaction

Monday, December 05, 2011

Coastal Energy Announces Insider Transaction05:30 EST Monday, December 05, 2011HOUSTON, Dec. 5, 2011 (GLOBE NEWSWIRE) -- 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 purchase transactions in the Company's common shares:  ShareholderTitleTransaction DateShares this TransactionTransaction PriceShares Owned % of Total Outstanding*Option Exercise                           John Zaozirny Director December 2, 2011 25,000 GBP 1.40 260,600 0.23% John Zaozirny Director December 2, 2011 125,000 C$2.20 260,600 0.23% L. Barnaby Smith Chairman December 2, 2011 54,500 C$2.20 125,992 0.11%Open Market Sale L. Barnaby Smith Chairman December 2, 2011 30,398 C$13.80 125,992 0.11%   After accounting for the transactions listed above, Directors & Officers own a total of 3,100,762 Common Shares of the Company, or 2.7% of outstanding shares.  *Based on total shares issued and outstanding of 113,055,540 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. 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 Coastal Energy Company logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=10062CONTACT: Coastal Energy Company Email: investor@CoastalEnergy.com +1 (713) 877-6793 Strand Hanson Limited (Nominated Adviser) +44 (0) 20 7409 3494 Rory Murphy Paul Cocker Macquarie Capital (Europe) Limited (Broker) +44 (0) 20 3037 2000 Paul Connolly Jeffrey Auld FirstEnergy Capital LLP (Broker) Hugh Sanderson +44 (0) 20 7448 0200 Travis Inlow Buchanan Communications Tim Thompson +44 (0) 20 7466 5000 Ben Romney