Coastal Energy Co.
AIM : CEO
TSX VENTURE : CEO

Coastal Energy Co.

September 05, 2007 02:03 ET

Coastal Energy Company: CREST Settlement

LONDON, UNITED KINGDOM--(Marketwire - Sept. 5, 2007) -

THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH
UNITED STATES NEWSWIRE SERVICES

Coastal Energy Company, (TSX VENTURE:CEO)(AIM:CEO) ("Coastal" or "the Company") has become aware that the electronic settlement of its shares in CREST, the electronic settlement system used to settle shares traded on AIM, was disabled on Monday 3 September. Certificated settlement of shares traded on AIM is unaffected by this disablement, nor is settlement of any shares traded on TSX-V.

The Company is taking action to try to re-enable the CREST settlement of shares traded on AIM and hope that the disablement of settlement will be reversed in the next few days. A further announcement will be made at the appropriate time in this regard.

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) 1483 549 549
    or
    Coastal Energy Company
    William C. Phelps
    Chief Financial Officer
    +01 713 877 6727
    Email: investor@coastalenergy.com
    or
    Bell Pottinger Corporate & Financial
    Ann-Marie Wilkinson / Nick Lambert / Rosanne Perry
    +44 (0) 20 7861 3232
    or
    KBC Peel Hunt (Nominated Adviser and Broker)
    Jonathan Marren / Matt Goode
    +44 (0) 20 7418 8900