Coastal Energy Announces Insider Transaction

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

    AIM: CEO
    TSX-V: CEN
    

HOUSTON, Sept. 18 /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 it was notified on September 18, 2009 of the following purchase of ordinary shares in the Company:

    
                                     Shares    Date(s) of             Shares
    Directors           Title       Purchased   Purchase    Price      Owned
    -------------------------------------------------------------------------
    Bernard de Combret  Chairman of  169,100    Sep 17,  CAD 4.1230  413,259
                         the Board               2009

    All other directors                 0                            142,500
    -------------------------------------------------------------------------
    Total all directors              169,100                         555,759
    

As of today, Mr. de Combret's holdings represent 0.42% of the total common stock issued and outstanding of 99,380,720 shares.

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.

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: 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

Organization Profile

COASTAL ENERGY COMPANY

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890