DGAP-News: Coastal Energy Announces Insider Transactions
(businesspress24) - Coastal Energy Company
19.01.2012 00:07
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HOUSTON, 2012-01-19 00:06 CET (GLOBE NEWSWIRE) --
Coastal Energy Company (the 'Company' or 'Coastal') (TSX:CEN) (AIM:CEO), an
independent exploration and production company with assets in Thailand,
announces that it was notified today of the following purchase transactions in
the Company's common shares:
Shareholder Title Transactio Shares Transactio Shares % of
n Date this n Owned Total
Transact Price Outstand
ion ing
Open Market Purchase
Olivier de Director January 10,000 C$15.95 350,00 0.31%
Montal 17, 2012 0
L. Barnaby Chairman January 496 C$16.10 123,48 0.11%
Smith* 17, 2012 8
Option Exercise
William C. Chief Financial January 142,589 C$1.35 - 1,677, 1.47%
Phelps Officer 18, 2012 C$3.94 255
Open Market Sale
L. Barnaby Chairman January 3,000 C$15.96 123,48 0.11%
Smith* 17, 2012 8
*Note: Mr. Smith's transactions were a result of personal tax planning which is
why there is a sale and a later repurchase on the same day.
After accounting for the transactions listed above, Directors&Officers own a
total of 3,605,513 Common Shares of the Company, or 3.17% of outstanding shares
based on total shares issued and outstanding of 113,912,413
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.
The Coastal Energy Company logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=10062
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.
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.
CONTACT: Coastal Energy Company
Email: investor(at)CoastalEnergy.com
+1 (713) 877-6793
Strand Hanson Limited (Nominated Adviser)
+44 (0) 20 7409 3494
Rory Murphy
Paul Cocker
Macquarie Capital (Europe) Limited (Broker)
+44 (0) 20 3037 2000
Paul Connolly
Jeffrey Auld
FirstEnergy Capital LLP (Broker)
+44 (0) 20 7448 0200
Hugh Sanderson
Travis Inlow
Buchanan Communications
+44 (0) 20 7466 5000
Tim Thompson
Ben Romney
News Source: NASDAQ OMX
19.01.2012 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Coastal Energy Company
Cayman Islands
Phone:
Fax:
E-mail:
Internet:
ISIN: KYG224041189
WKN:
End of Announcement DGAP News-Service
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Datum: 18.01.2012 - 18:07 Uhr
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News-ID 556704
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