Coastal Energy Co.
AIM : CEO
TSX VENTURE : CEO

Coastal Energy Co.

September 06, 2007 02:03 ET

Coastal Energy: CREST Settlement

LONDON, UNITED KINGDOM--(Marketwire - Sept. 6, 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") is pleased to announce that the electronic settlement of its shares in CREST, the electronic settlement system used to settle shares traded on AIM, has now been reactivated. The Company understands that the disablement of the shares from settlement was not due to any fault of the CREST system.

Any shares traded since Monday 3 September will now be able to settle in CREST.

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