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Press release from GlobeNewswire (a Nasdaq OMX company)

Update of Normal Course Issuer Bid

Friday, July 12, 2013

Update of Normal Course Issuer Bid

14:04 EDT Friday, July 12, 2013

HOUSTON, July 12, 2013 (GLOBE NEWSWIRE) -- Further to the Coastal Energy Company's (TSX:CEN) (AIM:CEO) announcement on 11 June 2013 regarding the implementation of a Normal Course Issuer Bid, which commenced on 14 June 2013 (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
Price
Remaining Number of
Common Shares
Outstanding
 
July 5 – July 12, 2013
 
259,800
 
C$15.30
 
113,345,019


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 www.CoastalEnergy.com or may be found in documents filed on SEDAR at www.sedar.com.

CONTACT: 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
Steve Baldwin/Andrew Jones
FirstEnergy Capital LLP (Broker)
Hugh Sanderson / Travis Inlow
+44 (0) 20 7448 0200
Buchanan
Tim Thompson / Ben Romney
+44 (0) 20 7466 5000

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