Update of Normal Course Issuer Bid

News provided by
Coastal Energy Company
Jul. 06, 2012 08:45
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 29 – July 5, 2012
Number of Common Shares Purchased & Cancelled : 0
Average Purchase Price : N/A
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
Send Email
+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)
Hugh Sanderson / Travis Inlow
+44 (0) 20 7448 0200

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

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