Block Admission Return and Application for Admission



    
    /THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR
    THROUGH UNITED STATES NEWSWIRE SERVICES/

    AIM: CEO
    TSX-V: CEN
    

    HOUSTON, April 3 /CNW/ - Coastal Energy Company (the "Company") announces
its AIM block admission return for the period from 24 September 2008 to 24
March 2009.

    
                     Issuable                                       Issuable
    Name of             under    Expired/                              under
     Scheme/        scheme at   cancelled    Issuable      Issued  scheme at
     Exercise    24 September      during      during      during   24 March
     Price               2008  the period  the period  the period       2009
    -------------------------------------------------------------------------

    Common share
     purchase
     warrants
     granted
     20 July 2005
     at GBP 2.80    2,343,745           -           -          -   2,343,745

    Common share
     purchase
     warrants
     granted
     23 January
     2009 at
     CAD 1.136              -           -   2,000,000          -   2,000,000

    Options
     granted
     25 Jan. 05
     under the
     Company's
     Stock Option
     Plan at
     GBP 0.40         187,500           -           -          -     187,500

    Options
     granted
     06 July 05
     under the
     Company's
     Stock Option
     Plan at
     GBP 1.40         112,500           -           -          -     112,500

    Options
     granted
     27 Dec. 06
     under the
     Company's
     Stock Option
     Plan at
     CAD 2.20       2,597,500     (22,500)          -          -   2,575,000

    Options
     granted
     15 June 07
     under the
     Company's
     Stock Option
     Plan at
     CAD 2.96         312,500    (106,250)          -          -     206,250

    Options
     granted
     25 Jan 08
     under the
     Company's
     Stock Option
     Plan at
     CAD 3.94       2,178,000     (63,250)          -          -   2,114,750

    -------------------------------------------------------------------------
    Options
     granted
     05 May 08
     under the
     Company's
     Stock Option
     Plan at
     CAD 4.44         200,000           -           -          -     200,000
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    Options
     granted
     14 Jul 08
     under the
     Company's
     Stock Option
     Plan at
     CAD 3.61          85,000           -           -          -      85,000
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    Options
     granted
     23 Sep 08
     under the
     Company's
     Stock Option
     Plan at
     CAD 2.27         100,000           -           -          -     100,000
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    Options
     granted
     02 Jan 09
     under the
     Company's
     Stock Option
     Plan at
     CAD 1.35                               3,509,000              3,509,000
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    TOTAL           8,116,745    (192,000)  5,509,000          -  13,433,745
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    

    As at 24 March, 2009, the Company had 93,630,720 common shares in issue
with a par value of US $0.04.
    As at 25 September 2006, the date of the Company's admission to AIM, the
Company had an issued share capital of 305,832,888 common shares with par
value of US $0.01 admitted to trading on AIM. As a result of the reverse stock
split, this share capital was reduced to 76,458,222 common shares with par
value of US $0.04.

    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: please visit our website, www.CoastalEnergy.com
or contact: 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; Strand Partners Limited (Nominated
Adviser): Rory Murphy, +44 (0) 20 7409 3494; Thomas Weisel Partners (Broker):
Paul Colucci, +44 (0) 20 7877 4300; Tristone Capital (Broker): Majid Shafiq,
+44 (0) 20 7355 5800

Organization Profile

COASTAL ENERGY COMPANY

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