Breaking News

Bank of England Maintains Benchmark Interest Rate at 0.5%
Tweet TWEET

Coastal Energy Announces Directorate Change

Coastal Energy Announces Directorate Change

HOUSTON, Jan. 15, 2013 (GLOBE NEWSWIRE) -- Coastal Energy Company (the
"Company" or "Coastal Energy") (TSX:CEN) (AIM:CEO), an independent exploration
and production company with assets in Thailand, today announced that Andrew L.
Cochran, a Non-Executive Director since 2011, has joined the Company as an
Executive Director. Mr. Cochran will be based in London.

Mr. Cochran served as the CEO of Dominion Petroleum Limited from November 2009
until its acquisition in 2012. He has over 20 years of international
experience in the oil and gas industry, including founding and executive
positions with Salamander Energy plc and Endeavour International Corporation
and working for Anadarko Petroleum, Veritas DGC Indonesia and Western
Geophysical.

Randy Bartley, President & CEO of Coastal Energy commented:

"We are pleased that Mr. Cochran has agreed to join us as an Executive
Director. His extensive experience in the international energy sector has been
valuable to the Company and we look forward to working with him in this new
capacity."

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.

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.

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

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 / Andrew Emmott
        
         Macquarie Capital (Europe) Limited (Broker)
         +44 (0) 20 3037 2000
         Jeffrey Auld
        
         FirstEnergy Capital LLP (Broker)
         Hugh Sanderson / Travis Inlow
         +44 (0) 20 7448 0200
        
         Buchanan
         Tim Thompson / Ben Romney
         +44 (0) 20 7466 5000

Coastal Energy Company Logo