Coastal Energy Co.
AIM : CEO
TSX VENTURE : CEO

Coastal Energy Co.

August 17, 2007 09:00 ET

Coastal Energy Company: Result of AGM

LONDON, UNITED KINGDOM--(Marketwire - Aug. 17, 2007) - Coastal Energy Company, (TSX VENTURE:CEO)(AIM:CEO)("Coastal" or "the Company")
is pleased to announce that all resolutions were passed at its AGM held today, including a resolution to effect a 4:1 reverse split of the Company's common stock.

The reverse split of the Company's common stock is expected to take in early September, 2007. A further announcement will be made prior to the share consolidation at the appropriate time.


Contact Information

  • Coastal Energy Company
    William C. Phelps, Chief Financial Officer
    Tel: (1) 713 877 6727
    Email: investor@coastalenergy.com
    or
    KBC Peel Hunt Ltd (Nominated Adviser and Broker)
    Jonathan Marren/Matt Goode
    Tel: 44 (0) 20 7418 8900
    or
    Bell Pottinger Corporate & Financial (Financial PR Advisors)
    Ann-Marie Wilkinson/Nick Lambert/Rosanne Perry
    Tel: 44 (0) 20 7861 3232