Coastal Energy Company Grants Stock Options



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

    AIM: CEO
    TSX-V: CEN

    HOUSTON, TX, Jan. 25 /CNW/ - Coastal Energy Company (the "Company")
(TSX-V: CEN, AIM: CEO), an independent exploration and production company with
assets in South-East Asia, is pleased to announce that it has today granted a
total of 1,375,000 incentive stock options to directors, officers, employees
and contractors of the Company, pursuant to the Company's Stock Option Plan.
These options are exercisable at a price of Cdn $3.94 per share, vest over a
period of three (3) years and expire five (5) years from the date of award.
The following director and officers were granted the following options.

    
                                                               Total Options
                                      Number of Options          Outstanding
    Director/Officer                         This Grant     After This Grant
    -------------------------------------------------------------------------
    Frank A. Inouye                             350,000              975,000
    William C. Phelps                           250,000              500,000
    Kimberley R. Landon                          21,000              146,000
    Stephen M. Holder                           130,000              255,000
    All other directors and officers                  0            2,125,000
                                             --------------------------------
      Subtotal all directors and officers       751,000            4,001,000
    All other employees and contractors         624,000            1,011,500
                                             --------------------------------
      Total all options                       1,375,000            5,012,500
                                             --------------------------------
                                             --------------------------------
    

    As at January 25, 2008 the Company has 93,490,720 shares of common stock
issued and outstanding.

    On behalf of Coastal Energy Company
    "Frank Inouye"
    Chief Executive Officer & Director

    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, Frank Inouye, Chief Executive Officer, +44
(0) 1483 549 549; William C. Phelps, Chief Financial Officer, (713) 877-6727,
Email: investor@coastalenergy.com; Bell Pottinger Corporate & Financial,
Ann-Marie Wilkinson, Nick Lambert, Rosanne Perry, +44 (0) 20 7861 3232; KBC
Peel Hunt Ltd (Nominated Adviser), +44 (0) 20 7418 8900, Jonathan Marren, Matt
Goode

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COASTAL ENERGY COMPANY

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