Coastal Energy Company is an international exploration & production company with principal assets in Thailand and Malaysia, which has been merged with Compañía Española de Petróleos, S.A.U. ("CEPSA"). The Company is focused on acquiring discovered, underdeveloped oil and gas opportunities with significant upside potential, primarily in Southeast Asia. The Company also seeks to leverage the experience of management to pursue similar opportunities on a global basis.
The Company’s current portfolio includes a number of development assets along with multiple potential high-impact exploration prospects. As of March 31, 2012, Coastal’s 2P reserves were 149.1 mmboe and its prospective & contingent resources were in excess of 500 mmboe.
This merger has boosted CEPSA’s reserves by 140% and doubled its international production presence. As a result, CEPSA will take a significant step forward towards meeting its global upstream growth and expansion targets and have a platform available for future opportunities in a new and high-potential area for the Company: Southeast Asia.
For more information visit www.cepsa.com