Coastal Energy Announces Appointment of Non-Executive Director
HOUSTON, April 30, 2013 (GLOBE NEWSWIRE) -- Coastal Energy Company ("Coastal"
or the "Company") (TSX:CEN) (LSE:CEO) is pleased to announce the appointment
of Forrest Wylie as a Non-Executive Director of theCompany, with effect from
Mr. Wylie served previously on the board of the Company as a Non-Executive
Director from September 2006 to April 2011, when he stepped down due to time
constraints as Chairman and Chief Executive Officer at Buckeye Partners, L.P.,
the NYSE listed midstream company.
Mr. Wylie has extensive experience in the oil & gas industry.He was CEO of
Buckeye Partners, L.P. from 2007 to 2012, since when he has continued to serve
as Non-Executive Chairman. He is also a Non-Executive Director of Cross Group
Incorporated, a marine and offshore services provider, and USA Compression GP,
LLC, the NYSE listed provider of compression units and services to the
offshore industry. He was previously on the boards of Pacific Energy
Management LLC, NuCoastal Corporation and Eagle Bulk Shipping Inc.
Randy Bartley, President & CEO of Coastal Energy, commented:
"We are pleased that Mr. Wylie has rejoined our Board of Directors.His
extensive experience in the energy industry is valuable and we look forward to
his continued involvement in the Company."
The following information is provided pursuant to paragraph (g) Schedule Two
of the AIM rules:
Forrest Edward Wylie, aged 50.
Current Directorships Past Directorships (last 5 years)
Buckeye Partners, LP Coastal Energy Company
Cross Incorporated Eagle Bulk Shipping Inc.
Wylie Ventures LLC
These securities have not been registered under United States Securities Act
of 1933 (the "US Securities Act") or the securities laws of any state and may
not be offered or sold in the United States or to US persons (as defined in
Regulation S under the US Securities Act) unless an exemption from
registration is available.
Coastal Energy Company
Tel: +1 (713) 877 6793
Strand Hanson Limited - Nomad
Rory Murphy / Andrew Emmott
Tel: +44 (0) 20 7409 3494
Macqaurie Capital (Europe) Limited - Broker
Paul Connolly / Jeffrey Auld
Tel: +44 (0) 20 3037 2000
First Energy Capital LLP - Broker
Hugh Sanderson / Travis Inlow
Tel: +44 (0) 20 7448 0200
Tim Thompson / Ben Romney
Tel: +44 (0) 20 7466 5000
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