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Message Boards Settings COASTAL ENERGY COMPANY (Tier1) (CEN.V) - Quote Info
Environmental Approval for Songkhla FD     14-Nov-08 01:41 pm    
Coastal Energy Receives Environmental Approval for Songkhla Field Development
<<
/THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR
THROUGH UNITED STATES NEWSWIRE SERVICES/

AIM: CEO
TSX-V: CEN
>>

HOUSTON, Nov. 13 /CNW/ - Coastal Energy Company ("the Company" or
"Coastal Energy") (TSX-V: CEN, AIM: CEO), an independent exploration and
production company with assets in Southeast Asia, announces that it has
received government approval of its Environmental Impact Assessment ("EIA")
for the 75 square kilometer Songkhla production area in the Gulf of Thailand.
The EIA approval, in conjunction with the Production Area Application which
was approved in June 2008, will allow the Company to proceed with the
installation of permanent production facilities and continue the development
of the Songkhla field as planned.
Randy Bartley, Chief Executive Officer of Coastal Energy commented: "The
receipt of our EIA approval is a major milestone for the Company. It allows
Coastal to install production facilities once drilling is complete and proceed
with developing the Songkhla field as planned. It is also a testament to
Coastal's continued commitment to being an environmentally proactive company.
We have instituted measures such as zero-discharge drilling to mitigate
environmental issues. Songkhla is one of the first near-shore oil developments
in the Gulf of Thailand and we are committed to making it a safe and
environmentally conscious operation."

Randy Bartley, President and Chief Executive Officer of the Company and a
member of the Society of Petroleum Engineering, and Frank Inouye, Chairman of
the Company and a member of the American Association of Petroleum Geologists,
have reviewed the contents of this announcement.
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