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Press release from GlobeNewswire (a Nasdaq OMX company)

Coastal Energy Announces Insider Transactions

Friday, April 13, 2012

Coastal Energy Announces Insider Transactions15:47 EDT Friday, April 13, 2012HOUSTON, April 13, 2012 (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  Option Exercise   William C. Phelps Chief Financial Officer   April 12, 2012   50,000   C$3.94   1,627,260   1.42%              Open Market Purchase  L. Barnaby Smith   Chairman   April 12, 2012   4,108   £11.06   109,956   0.10%              Open Market Sale   William C. Phelps Chief Financial Officer April 12, 2012 50,000 C$17.37 1,627,260 1.42%   L. Barnaby Smith   Chairman   April 12, 2012   18,000   C$17.08   109,956   0.10%               Note: Mr. Phelps transferred 50,000 shares to a family trust at current market values on April 12, 2012. Mr. Bartley transferred 58,000 shares to a family member at current market values on April 12, 2012. After accounting for the transactions listed above, Directors & Officers own a total of 3,696,646 Common Shares of the Company, or 3.24% of outstanding shares based on total shares issued and outstanding of 114,225,477 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) Rory Murphy Paul Cocker +44 (0) 20 7409 3494 Macquarie Capital (Europe) Limited (Broker) Paul Connolly Jeffrey Auld +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