Company Information for Coastal Energy Co

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Company Statement

Coastal Energy Company (formerly Petroworld Corp) was established when Petroworld acquired all outstanding shares of  NuCoastal (Thailand) Limited.

Coastal Energy is an international exploration and production company focused on Southeast Asia. The Company's current operations are based in Thailand where it has production from the onshore Phu Horm gas field and oil from the Songkhla field in  the Gulf of Thailand. There are development and exploration opportunities for further gas onshore and more oil offshore.

Coastal Energy Company, as PetroWorld Corp.,was incorporated in the Cayman Islands in May, 2004 and began trading on the London AIM market in January, 2005 and on the Toronto TSX-V in September of the same year. In early 2006 the Company announced a merger with NuCoastal Thailand Limited, a privately owned company with assets in Thailand. The merger was completed in September 2006 and the name of the company changed to Coastal Energy Company.

Operations and Technology

Coastal has a 12.6 per cent interest the Phu Horm gas field which is on Licence L15/43 onshore north east Thailand, in an area known as the Khorat Plateau. The field started production in November 2006 and currently supplies gas under a 15-year contract to the Nam Phong power station, located approximately 62 kilometres south of the field.

There are thought to be opportunities for development and exploration of further gas resources in three other blocks in the area in which Coastal has an interest, most notably on Block 27/43 which is close to but not contiguous with Block 15/43.

Coastal has established oil production after revisiting a 1968 Premier Oil discovery in the Songkhla field on BlockG5/43. Coastal now owns 100 per cent of this licence. Production was established early in 2009 and grew steadily throughout this year as five development wells were drilled back to back on the Songkhla A field. The company believes that further hydrocarbons could be recovered from the Benjarong field where testing of two exploration another has taken place. This field is on the G5/43 licence. Coastal is also keen to exploit another discovered field for which the company now owns 100 per cent of the licence. Bua Ban is again on the G5/43 licence and is thought to hold 21 million barrels of oil in place.

The Company continues to review new business opportunities on a corporate and asset level. Thailand provides a stable long term base for the Company and a foundation for future growth in Asia. Technical reviews have already been conducted in several other Asian countries including China, Indonesia, Vietnam and India.

Geographical Spread

Thailand

Board of Directors and Key Management

CEO and Director	Randy L. Bartley
Chairman	Bernard de Combret
Non-Executive Director	C. Robert Black
Non-Executive Director	Olivier de Montal
Non-Executive Director	L. Barney Smith
Non-Executive Director	Forest E. Wylie
Non-Executive Director	John Zaozirny

Company Address 3355 W. Alambama Houston, Texas, United States 77098 Telephone: +1713 877 6793 Email: investor[at]coastalenergy.com Website: http://www.coastalenergy.com

Additional Address/Key Contact Thailand Office 24th Floor, Unit 2401 2405 Two Pacific Place Bldg. 142 Sukhumvit Road Klongtoey, Bangkok 10110 +66 (0) 2610 0555

Capital The number of shares in issue is 109,512,791

Nominated Brokers Thomas Weisel Partners 10 Dominion Street 5th Floor London EC2M 2EE Macquarie Capital (Europe) Limited Level 30 Citypoint 1 Ropemaker Street London EC2Y 9HD

Nominated Advisors Strand Hanson Limited 26 Mount Row London W1K 3SQ

Major Shareholders

As at 31 March 2010, the Company is aware of the following significant shareholders holding above 10% of the Share Capital: Oscar S. Wyatt Jr. with 33,669,580 shares which represents 30.75% of the total issued share capital of the company.

Related News

15/07/10 - Coastal Energy Confirms It Has Had Very Encouraging Results From The New Wells On Its Bua Ban Oil Field In Thailand
29/06/10 - Coastal Energy Comes Up With Some Positive Results From Drilling Its Bua Ban Field In The Gulf Of Thailand
02/06/10 - Coastal Energy Looks Forward To The Development of The Bua Ban Field In The Gulf Of Thailand To Boost Its Fortunes
08/04/10 - Business As Usual For Coastal Energy Despite Thai Protests
16/02/10 - Coastal Energy Has More Success With The Songkhla B-02 Drilling In The Gulf of Thailand After the Disappointment of The Previous B-01 Well
22/01/10 - Coastal Energy’s First Exploration Well On The Songkhla B Field Offshore Thailand Proves A Little Disappointing But Hopes Remain High For Other Drilling In The Basin

Most Recent Statement

13/07/10 - Operations Update
29/06/10 - Coastal Energy Announces Insider Transaction
21/06/10 - Results of First Three Bua Ban Development Wells
01/06/10 - Coastal Energy Announces First Quarter 2010 Financial Results
05/05/10 - Results of Benjarong A-02 Exploration Well
20/04/10 - 2009 Year End Results