Update of Normal Course Issuer Bid

HOUSTON--(Korea Newswire)--Further to the Coastal Energy Company's (TSX:CEN) (AIM:CEO) announcement on 11 June 2013 regarding the implementation of a Normal Course Issuer Bid, which commenced on 14 June 2013 (the “NCIB”) the Company provides the following update relating to common shares in the Company (“Common Shares”) purchased, and subsequently cancelled in accordance with the NCIB.

Date : July 5 - July 12, 2013
Number of Common Shares Purchased & Cancelled : 259,800
Average Purchase Price : C$15.30
Remaining Number of Common Shares Outstanding : 113,345,019

The Company will provide further updates on a weekly basis from the date of this announcement.
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.

Website: http://www.CoastalEnergy.com

This is a news release distributed by Korea Newswire on behalf of this company.