/THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR
THROUGH UNITED STATES NEWSWIRE SERVICES/
HOUSTON, Jan. 29 /CNW/ - Coastal Energy Company, (TSX-V:CEN, AIM:CEO)
("Coastal" or "the Company") an independent exploration and production company
with assets in South-East Asia, announces that it has submitted an application
to AIM for the blocklisting of 2,000,000 common shares of US$0.04 each to AIM.
Admission of the blocklisted shares is expected at 8am on 30 January 2009.
Additional information, including the Company's complete competent
person's may be found on the Company's website, www.CoastalEnergy.com or may
be found in documents filed on SEDAR, 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.
These securities have not been registered under United States Securities
Act of 1933 (the "US Securities Act") or the securities laws of any state and
may not be offered or sold in the United States or to US persons (as defined
in Regulation S under the US Securities Act) unless an exemption from
registration is available.
"The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release"
For further information:
For further information: Enquiries: Coastal Energy Company, Randy L.
Bartley, Chief Executive Officer, (713) 877-6705; William C. Phelps, Chief
Financial Officer, (713) 877-6727, Email: investor@CoastalEnergy.com; Bell
Pottinger Corporate & Financial, Nick Lambert/Rosanne Perry, +44 (0) 20 7861
3232; KBC Peel Hunt Ltd (Nominated Adviser), Jonathan Marren/Matt Goode, +44
(0) 20 7418 8900