Update of Normal Course Issuer Bid

News provided by
Coastal Energy Company
Jun. 22, 2012 08:38
HOUSTON--(Korea Newswire)--Further to the Coastal Energy Company's (TSX:CEN) (AIM:CEO) announcement on 23 May 2012 regarding the implementation of a Normal Course Issuer Bid, which commenced on 25 May 2012 (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.

Date : June 15 – June 21, 2012
Number of Common Shares Purchased & Cancelled : 239,400
Average Purchase Price : C$14.1283
Remaining Number of Common Shares Outstanding : 113,302,195

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.

Website: http://www.CoastalEnergy.com

Contact

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

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

Macquarie Capital (Europe) Limited (Broker)
Paul Connolly / Jeffrey Auld
+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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