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Press release from GlobeNewswire (a Nasdaq OMX company)

Coastal Energy Announces Insider Transaction

Monday, December 19, 2011

Coastal Energy Announces Insider Transaction13:56 EST Monday, December 19, 2011HOUSTON, Dec. 19, 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 PriceSharesOwned % of Total Outstanding*Open Market Purchase                 C. Robert Black     Director     December 14-16, 2011     20,000     C$12.66     20,000     0.02% After accounting for the transactions listed above, Directors & Officers own a total of 3,120,762 Common Shares of the Company, or 2.8% of outstanding shares.  *Based on total shares issued and outstanding of 113,281,215 The Coastal Energy Company logo is available at Additional information, including the Company's complete competent person's report may be found on the Company's website at or may be found in documents filed on SEDAR at 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. CONTACT: Coastal Energy Company Email: +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) +44 (0) 20 7448 0200 Hugh Sanderson Travis Inlow Buchanan Communications +44 (0) 20 7466 5000 Tim Thompson Ben Romney