CEN Claren Energy Corp

Coastal Energy Company (the "Company" or "Coastal") (TSX-V: CEN) (AIM: CEO), an independent exploration and production company with assets in Thailand, announces that it was notified today of the following transactions in the Company's common shares:

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                                     Shares                       % of Total
                       Transaction    this   Transaction  Shares Outstanding
Shareholder    Title       Date   Transaction   Price     Owned       *
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Open Market
 Purchases
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Randy L.    President &  June 29,    15,000     C$7.88  1,050,000      0.93%
 Bartley   CEO/Director    2011

Jerry A.        VP,      June 29,    50,670     C$7.94    50,670       0.05%
 Moon        Technical     2011

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Open Market
Sales
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John         Director    July 5,     89,400     C$8.60   110,600       0.10%
 Zaozirny                  2011
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                                     Shares                       % of Total
                       Transaction    this     Exercise   Shares Outstanding
Shareholder    Title       Date   Transaction   Price     Owned       *
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Exercised
 Options
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John         Director    July 4,    100,000    C$ 2.20   110,600       0.10%
 Zaozirny                  2011


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After accounting for the transactions listed above, Directors own a total of 2,403,100 Common Shares of the Company, or 2.14% of outstanding shares. Officers own a total of 60,670 Common Shares of the Company, or 0.05%.

*Based on total shares issued and outstanding of 112,416,894

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.

This news release is not for dissemination in the United States or through United States newswire services

Enquiries: Coastal Energy Company +1 (713) 877-6793 Email: Email Contact Strand Hanson Limited (Nominated Adviser) +44 (0) 20 7409 3494 Rory Murphy Paul Cocker Macquarie Capital (Europe) Limited (Broker) +44 (0) 20 3037 2000 Ben Colegrave Paul Connolly FirstEnergy Capital LLP (Broker) +44 (0) 20 7448 0200 Hugh Sanderson Travis Inlow Buchanan Communications +44 (0) 20 7466 5000 Tim Thompson Ben Romney Jonathan Rivlin