Coastal Energy Announces 2010 Year End Financial Results

Coastal Energy Company (TSXV:CEN) reports the financial results for the year ended December 31, 2010.

The press release is quoted as saying:

The Company drilled three exploration wells at Songkhla A and each well discovered new reservoirs in the Lower Oligocene and Eocene intervals. These three new fault blocks are estimated by the Company to collectively contain approximately 80 million barrels of oil in place. The wells have since been tied into production facilities.

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