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Coastal Energy Responds to Media Reports of Strategic Discussions

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HOUSTON, Sept. 17, 2013 (GLOBE NEWSWIRE) -- Coastal Energy Company (the "Company") (TSX:CEN) (AIM:CEO) wishes to comment on media reports regarding strategic discussions between Coastal and a third party. The Company advises that it continuously evaluates opportunities to maximize shareholder value.

CONTACT: Coastal Energy Company Email: investor@CoastalEnergy.com +1 (713) 877-6793 Strand Hanson Limited (Nominated Adviser) Rory Murphy / Andrew Emmott +44 (0) 20 7409 3494 Macquarie Capital (Europe) Limited (Broker) Steve Baldwin/Andrew Jones +44 (0) 20 3037 2000 FirstEnergy Capital LLP (Broker) Hugh Sanderson / Travis Inlow +44 (0) 20 7448 0200 Buchanan Tim Thompson / Ben Romney +44 (0) 20 7466 5000

Source:Coastal Energy Company