Coastal Energy Announces Insider Transaction

HOUSTON, Jan. 31, 2012 (GLOBE NEWSWIRE) -- Coastal Energy Company (the "Company" or "Coastal") (TSX:CEN) (AIM:CEO), an independent exploration and production company with assets in Thailand, announces that it was notified today of the following transactions in the common shares.

             
Shareholder Title Transaction
Date
Shares Price Shares
Owned Following
Transaction
% of Total
Outstanding
Option Exercise            
 Stephen M. Holder VP, Administration 01/27/2012  68,550  C$1.35 — C$3.94  78,550 0.07%

After accounting for the transactions listed above, Directors & Officers own a total of 3,818,538 Common Shares of the Company, or 3.34% of outstanding shares based on total shares issued and outstanding of 114,169,105.

The Coastal Energy Company logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=10062

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.

This statement contains 'forward-looking statements' as defined by the applicable securities legislation. Statements relating to current and future drilling results, existence and recoverability of potential hydrocarbon reserves, production amounts or revenues, forward capital expenditures, operation costs, oil and gas price forecasts and similar matters are based on current data and information and should be viewed as forward-looking statements. Such statements are not guarantees of future results and are subject to risks and uncertainties beyond Coastal Energy's control. Actual results may differ substantially from the forward-looking statements.

CONTACT: Coastal Energy Company

         Email: investor@CoastalEnergy.com

         +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 Communications

         Tim Thompson

         Ben Romney

         +44 (0) 20 7466 5000

Coastal Energy Company Logo

Source: Coastal Energy Company

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