Coastal Energy Co. CEO Response to Trading Activity

  Coastal Energy Co. (CEO) - Response to Trading Activity

RNS Number : 4965Q
Coastal Energy Company
07 November 2012




For immediate release 7November 2012

                                      

      Coastal Energy Responds to Media Reports of Potential Transaction





HOUSTON TX -  Coastal Energy  Company (the  "Company") (TSX:  CEN) (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.



For further enquiries:

Buchanan

Tim                         Thompson/Ben                          Romney/Helen 
Chan0207    466 
5000





                     This information is provided by RNS
           The company news service from the London Stock Exchange

END


MSCDDBDBGUGBGDL -0- Nov/07/2012 07:00 GMT
 
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