Coastal Energy Announces Change of Name of Nominated Adviser

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

    AIM: CEO
    TSX-V: CEN
    

HOUSTON , Oct. 16 /CNW/ - Coastal Energy Company (the "Company" or "Coastal") (TSX-V: CEN, AIM: CEO), an independent exploration and production company with assets in Thailand , announces that Strand Partners Limited, the Company's Nominated Adviser, has changed its name to Strand Hanson Limited with immediate effect.

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.

This statement contains 'forward-looking statements' as defined by the applicable securities legislation. Statements relating to current and future drilling results, existence and recoverability of potential hydrocarbon reserves, production amounts or revenues, forward capital expenditures, operation costs, oil and gas price forecasts and similar matters are based on current data and information and should be viewed as forward-looking statements. Such statements are not guarantees of future results and are subject to risks and uncertainties beyond Coastal Energy's control. Actual results may differ substantially from the forward-looking statements.

    
    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.
    

For further information: Enquiries: Coastal Energy Company: Randy L. Bartley, Chief Executive Officer, [phone]; William C. Phelps, Chief Financial Officer, [phone]; Email: [email protected]; Strand Hanson Limited (Nominated Adviser): [phone], Rory Murphy, Paul Cocker; Thomas Weisel Partners (Broker): [phone], Paul Colucci; Macquarie Capital (Europe) Limited (Broker): [phone], Ben Colegrave, Paul Connolly; Buchanan Communications: [phone], Tim Thompson, Catherine Breen, Katharine Sutton