Interesting at US$4.35/boe 2P 50% developed reserves (US$10/boe on 1P basis)

Canada CEN.V - AIM CEO
http://www.coastalenergy.com/

Assets
Offshore Thailand Oil Production + explo appraisal upside
Onshore Thailand Gas Production + explo appraisal upside

Annual Results Dec 2008
http://www.coastalenergy.com/coastal/investor/report/2009/2009-04-28/2009-04-28.pdf

Presentation May 2009*
http://www.coastalenergy.com/coastal/media/presentation/2009/pres09/pres09.pdf

SP Canada $2.75 - AIM £1.55

Shares Out 99.6m (fully diluted 113m)

M/cap $274m

May 2009 placing 5.75m shares @ $3.20

NAV (RBC June 2009 $6.98/sh)

EPS 2010 RBC est $0.64 - prospective PER 4.3

Debt at May 2009
Long term $36m
Short term $18m
Cash $22m

2m warrants @ $1.136 outstanding (expiring Jan 2014)

CPR Audited Reserves at Dec 2008
http://www.investis.com/coastal/investor/report/2007/reserves/reserves_2008.pdf
2P Oil 42mmbbls
2P Gas 20mmboe
3P 75mmboe
Contingent/prospective 773mmboe (high case)
2P NPV10 post tax US$610m

Production 9500 boepd ( 79:21 Oil:Gas). 18,000 boepd forecast y/end 2009 - 21,000 boepd 2010.

Half of gas reserves(proven element) under 15 year power sales contract expiring 2021

All CA$ except where noted.

1CAD = 0.87USD

*Fiscal Terms on P.19-20....interest of Soco/Salamander holders - note the unusual "Special Remuneratory Benefit" tax

E&OE

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