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Press release from GlobeNewswire (a Nasdaq OMX company)

Update of Normal Course Issuer Bid

Thursday, May 31, 2012

Update of Normal Course Issuer Bid14:49 EDT Thursday, May 31, 2012HOUSTON, May 31, 2012 (GLOBE NEWSWIRE) -- Further to Coastal Energy Company's (AIM:CEO) (TSX:CEN) announcement on 23 May 2012 regarding the implementation of a Normal Course Issuer Bid, which commenced on 25 May 2012 (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. Date Number of Common Shares Purchased & Cancelled Average Purchase PriceRemaining Number of Common Shares Outstanding May 25, 2012 – May 31, 2012 125,900 C$14.9141 114,193,545 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 or may be found in documents filed on SEDAR at The Coastal Energy Company logo is available at    Enquiries:  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   Tim Thompson / Ben Romney  +44 (0) 20 7466 5000