HOUSTON, 2012-07-05 23:46 CEST (GLOBE 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 Number of Common Shares Average Remaining Number of Purchased & Cancelled Purchase Common Shares Price Outstanding -------------------------------------------------------------------------------- June 29 - 0 N/A 113,302,195 July 5, 2012 --------------------------------------------------------------------------------
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.
The Coastal Energy Company logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=10062
Enquiries: Coastal Energy Company Email: investor@CoastalEnergy.com +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
Date Number of Common Shares Average Remaining Number of Purchased & Cancelled Purchase Common Shares Price Outstanding -------------------------------------------------------------------------------- June 29 - 0 N/A 113,302,195 July 5, 2012 --------------------------------------------------------------------------------
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.
The Coastal Energy Company logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=10062
Enquiries: Coastal Energy Company Email: investor@CoastalEnergy.com +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