HOUSTON, April 30, 2013 (GLOBE NEWSWIRE) -- Coastal Energy Company ("Coastal" or the "Company") (TSX:CEN) (LSE:CEO) is pleased to announce the appointment of Forrest Wylie as a Non-Executive Director of the Company, with effect from today.
Mr. Wylie served previously on the board of the Company as a Non-Executive Director from September 2006 to April 2011, when he stepped down due to time constraints as Chairman and Chief Executive Officer at Buckeye Partners, L.P., the NYSE listed midstream company.
Mr. Wylie has extensive experience in the oil & gas industry. He was CEO of Buckeye Partners, L.P. from 2007 to 2012, since when he has continued to serve as Non-Executive Chairman. He is also a Non-Executive Director of Cross Group Incorporated, a marine and offshore services provider, and USA Compression GP, LLC, the NYSE listed provider of compression units and services to the offshore industry. He was previously on the boards of Pacific Energy Management LLC, NuCoastal Corporation and Eagle Bulk Shipping Inc.
Randy Bartley, President & CEO of Coastal Energy, commented:
"We are pleased that Mr. Wylie has rejoined our Board of Directors. His extensive experience in the energy industry is valuable and we look forward to his continued involvement in the Company."
The following information is provided pursuant to paragraph (g) Schedule Two of the AIM rules:
| Forrest Edward Wylie, aged 50. | |
| Current Directorships | Past Directorships (last 5 years) |
| Buckeye Partners, LP | Coastal Energy Company |
| Cross Incorporated | Eagle Bulk Shipping Inc. |
| USA Compression | |
| Wylie Ventures LLC |
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.