/THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR
THROUGH UNITED STATES NEWSWIRE SERVICES/
HOUSTON, Oct. 16 /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 Strand Partners Limited, the Company's Nominated Adviser, has changed its name to Strand Hanson Limited with immediate effect.
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.
SOURCE COASTAL ENERGY COMPANY
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; Strand Hanson Limited (Nominated Adviser): +44 (0) 20 7409 3494, Rory Murphy, Paul Cocker; Thomas Weisel Partners (Broker): +44 (0) 20 7877 4300, Paul Colucci; Macquarie Capital (Europe) Limited (Broker): +44 (0) 20 3037 2000, Ben Colegrave, Paul Connolly; Buchanan Communications: +44 (0) 20 7466 5000, Tim Thompson, Catherine Breen, Katharine Sutton