Coastal Energy Co.
AIM : CEO
TSX VENTURE : CEO

Coastal Energy Co.

October 09, 2007 02:00 ET

AIM Block Admission Return

LONDON, UNITED KINGDOM--(Marketwire - Oct. 9, 2007) - Coastal Energy Company (TSX VENTURE:CEO)(AIM:CEO) -

The Company announces the block admission return for the period from 23 April 2007 to 24 September 2007.



Name of Scheme Common New Common Common Exercise Common
shares Common shares shares price shares
issuable shares issued expired/ issuable
under issuable during cancelled under
scheme during the during scheme
as at the period the as at
23 April period period the date
2007 of this
announcement
---------------------------------------------------------------------------

Common share
purchase
warrants 214,350 214,350 GBP 0.35 0

Options
under the
Company's
Stock Option
Plan 1,350,000 500,000 GBP 0.10 850,000

Options
under the
Company's
Stock Option
Plan 1,800,000 200,000 GBP 0.35 1,600,000

Common
share
purchase
warrants 9,375,002 GBP 0.70 9,375,002

Options
under the
Company's
Stock Option
Plan 12,100,000 0 500,000 CAD 0.55 11,600,000

Options
under the
Company's
Stock Option
Plan 1,500,000 CAD 0.74 1,500,000
---------------------------------------------------------------------------
TOTAL 24,839,352 1,500,000 500,000 914,350 24,925,002


Since 23 April 2007, the block scheme has been increased by 85,650 common shares.

As at the date of this announcement the Company has 307,932,888 common shares in issue.

As at 25 September 2006, the date of the Company's admission to AIM, the Company had an issued share capital of 305,832,888 common shares with par value of US$0.01 admitted to trading on AIM.



Company Contact:

Kim R Landon, Company Secretary
3355 West Alabama, Suite 500
Houston, Texas 77098
United States of America
Tel: +01 713 877 7128


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.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Coastal Energy Company
    Frank Inouye
    Chief Executive Officer
    +44 (0) 148 354 9555
    Email: investor@coastalenergy.com
    or
    Coastal Energy Company
    William C. Phelps
    Chief Financial Officer
    +01 713 877 6727
    Website: www.coastalenergy.com
    or
    Canaccord Adams Limited
    Ryan Gaffney
    +44 (0) 207 518 7339