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Press release from GlobeNewswire (a Nasdaq OMX company)

Update of Normal Course Issuer Bid

Thursday, June 28, 2012

Update of Normal Course Issuer Bid15:17 EDT Thursday, June 28, 2012HOUSTON, June 28, 2012 (GLOBE NEWSWIRE) -- Further to the Coastal Energy Company's (TSX:CEN) (AIM:CEO) 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.DateNumber of Common Shares Purchased & CancelledAverage Purchase PriceRemaining Number of Common Shares Outstanding June 22 – June 28, 2012   241,200   C$13.3855   113,060,995 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  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)   Hugh Sanderson / Travis Inlow  +44 (0) 20 7448 0200    Buchanan   Tim Thompson / Ben Romney +44 (0) 20 7466 5000