Coastal Energy Company
27.01.2012 00:40
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HOUSTON, 2012-01-27 00:39 CET (GLOBE NEWSWIRE) --
Coastal Energy Company (the 'Company' or 'Coastal') (TSX:CEN) (AIM:CEO), an
independent exploration and production company with assets in Thailand,
announces that it was notified today of the following transactions in the
Company's common shares:
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Sharehold Title Transac Shares Price Shares Shares % of
er tion Owned Owned Total
Date Prior to Following Outstan
Transacti Transacti ding
on on
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Option
Exercise
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Randy L. President 01/26/2 176,000 C$1.35 - 1,103,500 1,247,970 1.09%
Bartley & CEO 012 C$3.94
William CFO 01/26/2 22,176 C$1.35 1,677,255 1,677,260 1.47%
C. 012
Phelps
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*Note: Messrs. Bartley and Phelps delivered previously owned and fully paid
common shares of Coastal Energy Company as consideration for the exercise price
of their options. The Company subsequently cancelled these shares.
After accounting for the transactions listed above, Directors & Officers own a
total of 3,749,988 Common Shares of the Company, or 3.29% of outstanding shares
based on total shares issued and outstanding of 114,056,888.
The Coastal Energy Company logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=10062
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.
CONTACT: Coastal Energy Company
Email: investor@CoastalEnergy.com
+1 (713) 877-6793
Strand Hanson Limited (Nominated Adviser)
+44 (0) 20 7409 3494
Rory Murphy
Paul Cocker
Macquarie Capital (Europe) Limited (Broker)
+44 (0) 20 3037 2000
Paul Connolly
Jeffrey Auld
FirstEnergy Capital LLP (Broker)
+44 (0) 20 7448 0200
Hugh Sanderson
Travis Inlow
Buchanan Communications
+44 (0) 20 7466 5000
Tim Thompson
Ben Romney
News Source: NASDAQ OMX
27.01.2012 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
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Language: English
Company: Coastal Energy Company
Cayman Islands
Phone:
Fax:
E-mail:
Internet:
ISIN: KYG224041189
WKN:
End of Announcement DGAP News-Service
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DGAP-News: Coastal Energy Announces Insider Transactions
| Source: EQS Group AG