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1Copyright Coastal Energy Company 2007 | All Rights ReservedCorporate Presentation November, 2007

Corporate Presentation

November, 2007

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Forward Looking Statements

This presentation contains forward-looking statements as defined by theapplicable 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 Energys control.

Actual results may differ substantially from the forward-looking

statements. This presentation does not contain all of the informationcontained in the preliminary prospectus of Coastal Energy Company,

which should reviewed for complete information.

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! The Company

! Overview

! Strategy and Objectives

! Management Team and Board of Directors

! Asset Overview:

! Onshore Thailand

! Offshore Gulf of Thailand

! Investor Information

! Reserve Base

! Forecasted Production Profile

! Net Reserve Value! Corporate Information

! Conclusions

Presentation Outline

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The Company Overview

! International Oil and Gas Company with principle assets in Thailand

! Established Reserve and Production Base! Proven (1P) Reserves: 14.8 mmboe*! Proven plus Probable (2P) Reserves: 36.7 mmboe*! Proven plus Probable plus Possible (3P) Reserves: 45.3 mmboe*! Net gas production from Phu Horm: 10 - 13 mmcfd

! Balanced portfolio of production, development and exploration assets:! Onshore Thailand Gas production with appraisal and exploration upside! Offshore Thailand Oil field developments with appraisal and exploration upside

Notes: * Gas Conversion 6mcf/boe

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! Establish early production and cash flow from existing assets

! Prove up additional reserves within current portfolio

! Identify orphaned opportunities for acquisition or joint venture

! Geographic focus and strategy

! Primary focus Thailand and Southeast Asia

! Secondary focus Countries with developing economies and favourableoperating regimes

The Company - Strategy and Objectives

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! Executive Management successful team of seasoned professionals

! Major shareholder

Al WhiteheadChairman

Frank InouyeChief Executive Officer

William PhelpsChief Financial Officer

50 years of industry experience

Officer and Director of a number of successful companies including BridgerPetroleum, Seven Seas, Bonanza Oil and Gas, Cimarron Petroleum

27 years of international oil/gas experience

Previously Head of Corporate Development Premier Oil plc.

Founding Director of Deltaic Energy Limited

Previously CFO of NuCoastal Corporation

10 years capital markets experience (formerly Citigroup Energy Investment Banking)

Assisted in capital raisings in excess of $10 billion

Oscar S. Wyatt, Jr.

Founder, former CEO and Chairman of the Coastal Corporation

Founded Coastal in 1955 and built it into a $20 billion company

Assets included 18,000 miles of pipeline, four world class refineries, and significantexploration and production properties

The Company - Management Team

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John J. Murphy 3,4

Non-Executive Director

L. Barney Smith 2


Forrest E. Wylie 1,3,4


John Zaozirny 1


C. Robert Black 1,4


Bernard de Combret 2,3


Olivier de Montal 2


Former Chairman & CEO of Dresser Industries Inc.

Negotiated the acquisitions of Wheatly TXT, Baroid Corp, M-1 Drilling Fluid, Western Atlas Intl., & M.W. Kellogg At Mr. Murphys retirement, Dresser had 31,000 employees in 50 countries

Former H.M. Ambassador to Thailand

Former H.M. Ambassador to Nepal

Previously Head of South Asia Dept. Foreign and Commonwealth Office

Chairman, CEO & President Buckeye Partners, L.P.

Former Vice Chairman of Pacific Energy Partners, L.P.

Former President and CFO of NuCoastal Corporation

Counsel to law firm McCarthy Tetrault LLP

Vice-Chairman Canaccord Capital Corporation

Previous Minister for Energy and Natural Resources, Province of Alberta

Former President of Worldwide Exploration and Production for Texaco

Served on Texacos Executive Council for strategy

41 years with Texaco

Former deputy chairman of TotalFinaElfs executive committee and heavily involved in building the tradingorganization

Former CEO of refining & marketing division, CEO for gas and power and CEO for trading and shipping

24 years with Elf and subsequently Total

Administrator of Olympia Capital Holding, ODM Finance and advisor to the LVMH Group

CEO of ODM Development.

The Company Board of Directors

1-Audit Committee Member 2-Compensation Committee Member 3-Corporate Governance Committee Member 4 Executive Committee Member

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! Onshore Thailand Balanced Risk Portfolio:! Asset interest held via APICO LLC (Coastal is APICOs largest shareholder

with 36.1% interest)

! 12.6% working interest in blocks EU1 and E5N which includes the Phu Horm

gas field currently producing in excess of 100 mmcfd

! 36.1% interest in block L15/43 surrounds the Phu Horm field and contains

the southern extent of the gas field

! 36.1% interest in block L27/43 contains the undeveloped Dong Mun gas

field

! 21.7% interest in block L13/48 located adjacent to blocks L15/43 and L27/43

contains Si That discovery

! Offshore Thailand - 100% of block G5/43:

! Development of two previously discovered oil fields

! Appraisal of two additional oil fields

! Untested exploration potential in Songkhla Basin as well as three other

under-explored Tertiary Basins within the block

Asset Overview

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! EU1/E5N Contains the Phu Horm Gas Field

! Production commenced November, 2006 at 60mmcf/d

increasing to 100mmcf/d in 2007 (CEO net 12.6% interest)

! Net Production of approximately 2000 boepd

! 62 km. 16 inch mixed phase pipeline connects field to Nam

Phong GPP

! L15/43 Acreage Surrounding Phu Horm Field

! Contains possible southern extension of field (CEO net 36.1%

interest)

! Drilling to commence in Q4, 2007

! L27/43 Contains the Dong Mun undeveloped gasfield and several un-drilled prospects

! L13/48 Contains Si That discoveries

Asset Overview Onshore Thailand

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! Phu Horm Gas Field:

! GSA signed in July 2005

! Gas purchased by PTT Public Co.

! First gas commenced in Q4 2006

! Contracted DCQ of 108 mmcfd

! Feedstock for 750 MW power plant at Nam Phong

! Partners: Hess (35%-Operator); APICO (35%); PTT (20%);

Exxon Mobil (10%)

! Contingent gas resources of 5.4 tcf (high case)

! Block L15/43 surrounds the Phu Horm field

! First well planned for Q4 2007 to verify southern extension of

the Phu Horm field

! Confirmation of gas field extension outside the current

production license would lead to unitization discussions

Blocks EU1, E5N, L15/43

Indonesian 1 Unconformity TWT Structure

PK-1

Proposed Phu Horm South Well


10

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Block L27/43

! APICO 100% (operator)

! Contains the Dong Mun gas field

! New 2-D seismic acquired in Q1 2006 over

Dong Mun field and existing prospects/leads

! 9 additional leads confirmed in the block

! Current mapping suggests estimated gas

resources in the block could be as high as 2 tcf

! Exploration well Dong Mun-3 currently drilling


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Block L13/48

! APICO 60% (operator) PEARL Oil (Thailand)Limited 40%

! Si That wells 1 & 2 both tested gas

! ST-2 well tested gas in excess of 17 mmcfd from

Permian Dolomites

! Current mapping suggests Si That structure could

hold possible resources in excess of 1 tcf of gas in

place

! 2-D seismic planned for late 2007


Indosinian 1 Unconformity TWT structure ci. 10 msec

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Thailand Gas Demand Forecast

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In 2006, Thailand gas consumption reached almost 3 bcf/d, outstripping domestic gas production by 25%. Gasimports from Myanmar making up the difference.

Thailand Gas Consumption vs. Domestic Supply, 1990 - 2006

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! Block was explored by Premier Oil in the early 1990s! Premier drilled 5 wells, 4 oil discoveries in the Songkhla basin:

! Songkhla-1 oil discovery flowed 1,500 bopd

! Bua Ban-1 oil discovery flowed 768 bopd

! Songkhla SW-1 oil discovery

! Benjarong-1 oil discovery not tested (recovered oil while drilling)

! Recent appraisal drilling and newly acquired 3D seismic

confirm viability of Songkhla and Bua Ban developments

! 12 month drilling contract with Swiber Offshore Drilling to

commence in Q1, 2008

! First production from Songkhla expected Q2, 2008

! Nakhon and Ko Kra basins remain un-explored

Block G5/43

Asset Overview Offshore Gulf of Thailand

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! Songkhla Field:! Original discovery well tested 1500 bopd from Lower

Oligocene sandstones

! Fast track development utilising re-usable platforms/facilities

! Proved & Probable reserve estimate based on 100% working

interest: is 4.5 mmbbls (Songkhla Main only)

! Additional satellite features could add 20 mmbbls.

! Reservoir simulation suggests ultimate recovery factors as

high as 30%

!Subsurface engineering work completed confirms oil-in-placereserves of 15-20 mmbbls

Block G5/43


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!

Songkhla Field Development:! Fast track low cost development

! Separate Wellhead and Processing Platforms

! Moored FSO (Floating Storage and Offload)

! FSO can also service Bua Ban development

! Initial production estimated at 4,000 5,000 bpd

! Facilities to include water injection for pressure support

! Downhole ESPs (Electrical Submersible Pumps)

! Estimated cost of development: US$ 17 million excluding

drilling costs

Block G5/43


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! Bua Ban Field:! Original discovery well tested 768 bopd from Lower Oligocene

sandstones

! 3 well appraisal programme completed in August 2005

encountered Lower Oligocene reservoir with estimated net pay

ranging from 66 77 ft

! Confirmed oil column of 577 ft 724 ft

! Estimated 90 140 mmbbls oil-in-place

! 3-D Seismic acquired in Q4 2006

! Reservoir engineering work commenced in Q2, 2007

! Finalise fast track development plan in Q4, 2007

! Proved & Probable recoverable reserve estimate based on100% working interest: is 13.2 mmbbls

Bua Ban-1

Bua Ban-3

Bua Ban-2A

Bua Ban-2

Block G5/43


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! Field Developments :! Songkhla Field: Fast-track development with first production

expected for Q2, 2008

! Bua Ban Field: Recently acquired 3D to confirm optimum

development plan

! Earliest production from Bua Ban planned for late 2008

! Exploration/Appraisal opportunities:

! Benjarong: requires further drilling to confirm reserve base

! Songkhla SW original well recovered oil requires further

evaluation

! Confirmed prospect inventory includes a variety of structural

and stratigraphic targets

Note:Based on Current PWC mapping estimates

Block G5/43


Enlarged area

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285,347,000280,503,0004,844,000Prospective Resources

(High Case)

177,144,60018,914,000158,230,600Contingent Resources

(High Case)

45,293,00026,472,00018,821,000Proven, Probable and Possible

(3P)

36,646,00017,825,00018,821,000Proven plus Probable (2P)

14,782,0005,900,0008,820,000Proven (1P)

TOTALOffshoreOnshoreAll figures in barrels oil equivalent

Source: Extracted from the Competent Persons Report (CPR) prepared by Huddleston & Co. Inc. as at 1/1/07

Reserves are gross working interest oil reserves before royalties, as defined in the CPR

Note 1: Reserves refer to the Bua Ban and Songkhla fields only

Investor Information Reserve Base

1

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Investor Information Forecasted Production Profile

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

1Q 07 2Q 07 3Q 07 4Q 07 1Q 08 2Q 08 3Q 08 4Q 08 1Q 09

Ba

rrelsOilEquivalentperday

Phu Horm

Songkhla

Bua Ban

Total

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Investor Information Net Reserve Value

GBPUSDReserve Values / Share

90,919,859180,385,000$Proven (1P)

$59.80Constant Oil Price Case (US Dollars)

10%Discount Rate

1.984US$ / GB

76,983,222Shares Outstanding (post 7 Nov 2007)

5.4610.84$Proven + Probable + Possible (3P)

3.847.62$Proven + Probable (2P)

1.182.34$Proven (1P)

420,636,089834,542,000$Proven + Probable + Possible (3P)

295,839,214586,945,000$Proven + Probable (2P)

GBPUSDReserve Values

Before tax values as estimated by Huddleston & Co., Inc. in the Competent Persons Report dated 1/1/07

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76,983,222

83,426,972

47.1%

US$7.5 million

US$34.4 million

US$8.0 million

! Total number of outstanding shares *

! Fully diluted share count *

! Percentage of outstanding shares held by significant shareholder

! Cash

! RBL Debt Facility Available

!

RBL Debt Outstanding

! Trading Symbols: CEO on London AIM and CEN on TSX-V

Investor Information Corporate Information

All US$ amounts are as of 1 September 2007

* Post 7 Nov 2007 Share 1 for 4 Consolidation

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!Who We Are: A dynamic international E&P company with an established reservebase and exploration, production and development assets in Thailand

! What We Do: Focus on identifying and exploiting overlooked and undervaluedorphaned assets that have the potential to deliver significant investment returns

! Where We Operate:! Onshore Thailand with established gas production and exploration upside

! Offshore Thailand with oil field developments and appraisal/exploration upside

Conclusions

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Contact Details:

London Office: Houston Office:Coastal Energy Co. Coastal Energy Co.1 Farnham Road 3355 West Alabama

Guildford, Surrey Suite 500

GU1 4RG UK Houston, Texas 77098

Telephone: 44 (0) 1483 549 549 Telephone: 1 713 877 6727

Fax: 44 (0) 1483 549 570 Fax: 1 713 877 7128

Website: www.coastalenergy.com

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