Update of Normal Course Issuer Bid


HOUSTON, Aug. 30, 2013 (GLOBE NEWSWIRE) -- Further to the Coastal Energy Company's (TSX:CEN) (AIM:CEO) announcement on 11 June 2013 regarding the implementation of a Normal Course Issuer Bid, which commenced on 14 June 2013 (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
Number of Common Shares

Purchased & Cancelled

Average Purchase

Price

Remaining Number of

Common Shares

Outstanding



August 20 - August 26, 2013
172,000
C$15.13
113,193,627


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.


CONTACT:

Coastal Energy Company

Email: investor@CoastalEnergy.com

+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

Information non réglementée

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