Notice of Annual General Meeting

HOUSTON, May 21, 2013 (GLOBE NEWSWIRE) -- Coastal Energy Company (TSX:CEN) (LSE:CEO) announces that the notice of Annual General Meeting ("AGM"), together with the Management Information Circular and Annual Report 2012, all relating to its financial year ended 31 December 2012, have been posted today to shareholders and are available for download from the Company's website at www.coastalenergy.com.

The AGM will be held at the offices of Coastal Energy Company, 10 Cavalry Square, London, England SW3 4RB on Tuesday, June 18, 2013 at 10:00 a.m. (London time).

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.

CONTACT: Enquiries:
         Coastal Energy Company
         Email: Investor@Coastalenergy.com
         Tel: +1 (713) 877 6793
         
         Strand Hanson Limited - Nomad
         Rory Murphy / Andrew Emmott
         Tel: +44 (0) 20 7409 3494
         
         Macquarie Capital (Europe) Limited - Broker
         Jeffrey Auld
         Tel: +44 (0) 20 3037 2000
         
         First Energy Capital LLP - Broker
         Hugh Sanderson / Travis Inlow
         Tel: +44 (0) 20 7448 0200
         
         Buchanan
         Tim Thompson / Ben Romney
         Tel: +44 (0) 20 7466 5000