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Press release from GlobeNewswire (a Nasdaq OMX company)

Coastal Energy Announces Directorate Change

Tuesday, January 15, 2013

Coastal Energy Announces Directorate Change05:30 EST Tuesday, January 15, 2013HOUSTON, Jan. 15, 2013 (GLOBE NEWSWIRE) -- Coastal Energy Company (the "Company" or "Coastal Energy") (TSX:CEN) (AIM:CEO), an independent exploration and production company with assets in Thailand, today announced that Andrew L. Cochran, a Non-Executive Director since 2011, has joined the Company as an Executive Director. Mr. Cochran will be based in London. Mr. Cochran served as the CEO of Dominion Petroleum Limited from November 2009 until its acquisition in 2012. He has over 20 years of international experience in the oil and gas industry, including founding and executive positions with Salamander Energy plc and Endeavour International Corporation and working for Anadarko Petroleum, Veritas DGC Indonesia and Western Geophysical. Randy Bartley, President & CEO of Coastal Energy commented: "We are pleased that Mr. Cochran has agreed to join us as an Executive Director. His extensive experience in the international energy sector has been valuable to the Company and we look forward to working with him in this new capacity." Additional information, including the Company's complete competent person's report may be found on the Company's website at www.CoastalEnergy.com or 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. The Coastal Energy Company logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=10062CONTACT: Enquiries: Coastal Energy Company Email: investor@CoastalEnergy.com +1 (713) 877-6793 Strand Hanson Limited (Nominated Adviser) +44 (0) 20 7409 3494 Rory Murphy / Andrew Emmott Macquarie Capital (Europe) Limited (Broker) +44 (0) 20 3037 2000 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