DGAP-News: Update of Normal Course Issuer Bid


Coastal Energy Company 

12.07.2013 23:08
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HOUSTON, 2013-07-12 23:08 CEST (GLOBE NEWSWIRE) --
Further to the Coastal Energy Company's (TSX:CEN) (AIM:CEO) announcement on 11
June 2013 regarding the implementation of a Normal Course Issuer Bid, which
commenced on 14 June 2013 (the 'NCIB') the Company provides the following
update relating to common shares in the Company ('Common Shares') purchased,
and subsequently cancelled in accordance with the NCIB. 

                                                                                
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        Date             Number of Common        Average       Remaining Number 
                             Shares             Purchase              of        
                      Purchased & Cancelled       Price          Common Shares  
                                                                 Outstanding    
--------------------------------------------------------------------------------
July 5 - July 12,            259,800             C$15.30         113,345,019    
 2013                                                                           
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The Company will provide further updates on a weekly basis from the date of
this announcement. 

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. 


         CONTACT: Enquiries:
         
         Coastal Energy Company
         Email: investor@CoastalEnergy.com
         +1 (713) 877-6793
         
         Strand Hanson Limited (Nominated Adviser)
         +44 (0) 20 7409 3494
         Rory Murphy / Andrew Emmott
         
         Macquarie Capital (Europe) Limited (Broker)
         +44 (0) 20 3037 2000
         Steve Baldwin/Andrew Jones
         
         FirstEnergy Capital LLP (Broker)
         Hugh Sanderson / Travis Inlow
         +44 (0) 20 7448 0200
         
         Buchanan
         Tim Thompson / Ben Romney
         +44 (0) 20 7466 5000
News Source: NASDAQ OMX



12.07.2013 Dissemination of a Corporate News, transmitted by DGAP - 
a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language:     English
Company:      Coastal Energy Company
              
               
              United States
Phone:        
Fax:          
E-mail:       
Internet:     
WKN:          
 
End of Announcement                             DGAP News-Service
 
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