COSTA releases 2009 third quarter results

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

CALGARY, Nov. 30 /CNW/ - COSTA Energy Inc. ("COSTA" or the "Company")(NEX: CEQ.H) has released its financial and operating results for the three and nine months ended September 30, 2009.

    
    SUMMARY
    Three Months Ended September 30,
    2009
    (Unaudited)
    -------------------------------------------------------------------------
    Financial ($)

    Net loss and comprehensive loss                             $     31,817
    Net loss per share, basic and diluted                       $          -
    -------------------------------------------------------------------------
    Shares

    Weighted average basic and diluted                             7,926,076
    Outstanding at period end                                      7,926,076
    -------------------------------------------------------------------------
    

The Company experienced a net loss and comprehensive loss of $31,817 ($nil per share, basic and diluted) for the three months ended September 30, 2009.

    
    About COSTA
    -----------
    

COSTA had been inactive as it considered alternatives for the future, and on November 24, 2009, the Company executed a definitive agreement with Artek Exploration Ltd. ("Artek"), a private oil and gas company, whereby COSTA and Artek shall, subject to satisfaction of all conditions, amalgamate under a plan of arrangement to form a newly amalgamated company ("Amalco")(the "Proposed Transaction").

The Proposed Transaction is described in detail in COSTA's press release dated and disseminated on November 26, 2009.

COSTA's interim report, management's discussion and analysis and financial statements for the quarter ended September 30, 2009 are available on www.sedar.com and the Company's website at www.costaenergy.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Not for distribution to U.S. Newswire Services or for dissemination in the United States of America. Any failure to comply with this restriction may constitute a violation of U.S. Securities laws.

SOURCE COSTA ENERGY INC.

For further information: For further information: Requests for shareholder information should be directed to: Mr. David F. Campbell, President and Chief Executive Officer, COSTA Energy Inc., (403) 242-5676, Email: dcampbell@costaenergy.com

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COSTA ENERGY INC.

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