UPDATE -- Coastal Energy Responds to Media Reports of Strategic Discussions

September 17, 2013 10:21 ET | Source: Coastal Energy Company Coastal Energy Company

HOUSTON, Sept. 17, 2013 (GLOBE NEWSWIRE) -- Coastal Energy Company (the "Company") (TSX:CEN) (AIM:CEO) wishes to comment on media reports regarding strategic discussions between Coastal and a third party. The Company advises that it continuously evaluates opportunities to maximize shareholder value. The Company advises that there is no transaction to announce and if the Company enters into any material transaction it will announce it immediately.

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            Coastal Energy Company
Email: 
+1 (713) 877-6793

Strand Hanson Limited (Nominated Adviser)
Rory Murphy / Andrew Emmott
+44 (0) 20 7409 3494

Macquarie Capital (Europe) Limited (Broker)
Steve Baldwin/Andrew Jones
+44 (0) 20 3037 2000

FirstEnergy Capital LLP (Broker)
Hugh Sanderson / Travis Inlow
+44 (0) 20 7448 0200

Buchanan
Tim Thompson / Ben Romney
+44 (0) 20 7466 5000

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