Update of Normal Course Issuer Bid

News provided by
Coastal Energy Company
Aug. 24, 2012 10:21
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: August 16 – August 23, 2012
Number of Common Shares Purchased & Cancelled : 37,000
Average Purchase Price:C$15.7471
Remaining Number of Common Shares Outstanding:113,257,327

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) +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

This news is a press release provided by Coastal Energy Company.

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