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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
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