Coastal Energy Responds to Media Reports of Potential Transaction 

Coastal Energy Responds to Media Reports of Potential Transaction

HOUSTON, Nov 6, 2012 (Menafn - GlobeNewswire via COMTEX) --Coastal Energy Company (the "Company") (aim:CEO) wishes to comment on media reports regarding a potential transaction between Coastal and Indonesia's state-owned oil company Pertamina. The Company advises that it continuously evaluates strategic alternatives, including but not limited to the potential sale of the Company, to maximize shareholder value. However, there can be no assurance that any transaction will occur.

The Coastal Energy Company logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=10062

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SOURCE: Coastal Energy Company

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CONTACT: 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
Steve Baldwin / Jeffrey Auld
FirstEnergy Capital LLP (Broker)
Hugh Sanderson / Travis Inlow
44 (0) 20 7448 0200
Buchanan Communications
Tim Thompson / Ben Romney
44 (0) 20 7466 5000

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