Coastal Energy Announces Change of Joint Broker



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

    AIM: CEO
    TSX-V: CEN
    

    HOUSTON, Sept. 4 /CNW/ - Coastal Energy Company (the "Company" or
"Coastal") (TSX-V: CEN, AIM: CEO), an independent exploration and production
company with assets in Thailand, announces that Macquarie Capital (Europe)
Limited has been appointed as Joint Broker to the Company with immediate
effect.
    Strand Partners Limited remains Nominated Adviser and Thomas Weisel
Partners remains Joint Broker to the Company.
    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.

    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: 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; Macquarie Capital (Europe)
Limited (Broker), Majid Shafiq, +44 (0) 20 7355 5800; Buchanan Communications:
Tim Thompson, Catherine Breen, Katharine Sutton, +44 (0) 20 7466 5000

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COASTAL ENERGY COMPANY

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