HOUSTON, Aug. 21, 2012 (GLOBE NEWSWIRE) -- 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 |
Shares Owned |
% of Total Outstanding |
| Option Exercise | ||||||
| Randy L. Bartley | Chief Executive Officer | 16 - 21 August 2012 | 150,000 | C$3.94 | 1,189,970 | 1.05% |
| William C. Phelps | Chief Financial Officer | 20 - 21 August 2012 | 35,000 | C$3.94 | 1,627,260 | 1.43% |
| Open Market Sale | ||||||
| Randy L. Bartley | Chief Executive Officer | 16 - 21 August 2012 | 150,000 | C$14.56 | 1,189,970 | 1.05% |
| William C. Phelps | Chief Financial Officer | 20 - 21 August 2012 | 35,000 | C$ 15.06 | 1,627,260 | 1.43% |
After accounting for the transactions listed above, Directors & Officers own a total of 3,724,146 Common Shares of the Company, or 3.29% of outstanding shares based on total shares issued and outstanding of 113,294,327
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.comor 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.