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COASTAL ENERGY ANNOUNCES INSIDER TRANSACTIONS
Tuesday 02/10/2012
KUALA LUMPUR, October 2 (Bernama) --
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 Company’s common shares:
Shareholder Title Transaction Date Shares this Transaction Transaction Price SharesOwned % of Total Outstanding
Open Market Sale
L. Barney Smith Non-Executive Chairman 27 September 2012 19,596 C$18.3898 90,000 0.08%
After accounting for the transactions listed above, Directors & Officers own a total of 3,704,550 Common Shares of the Company, or 3.29% of outstanding shares based on total shares issued and outstanding of 113,257,328
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.
SOURCE: Coastal Energy Company
FOR MORE INFORMATION CONTACT:
Coastal Energy Company
E-mail: investor@CoastalEnergy.com Tel : +1 (713) 877-6793
Strand Hanson Limited (Nominated Adviser)
Tel : +44 (0) 20 7409 3494
Rory Murphy / Paul Cocker
Macquarie Capital (Europe) Limited (Broker)
Tel : +44 (0) 20 3037 2000
Paul Connolly / Jeffrey Auld
FirstEnergy Capital LLP (Broker)
Hugh Sanderson / Travis Inlow
Tel : +44 (0) 20 7448 0200
Buchanan (Financial PR)
Tim Thompson / Ben Romney / Helen Chan
Tel : +44 (0) 20 7466 5000
--BERNAMA
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