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HOUSTON, Sept. 17, 2013 (GLOBE NEWSWIRE) -- Coastal Energy Company (the "Company") (TSX:CEN) (AIM:CEO) wishes to comment on media reports regarding strategic discussions between Coastal and a third party. The Company advises that it continuously evaluates opportunities to maximize shareholder value. The Company advises that there is no transaction to announce and if the Company enters into any material transaction it will announce it immediately. 


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
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