Coastal Energy in talks with Indonesian company

Following media reports in Canada, Coastal Energy has given credence to reports that it is talks with Indonesia's state-owned oil company Pertamina.

Following media reports in Canada, Coastal Energy has given credence to reports that it is talks with Indonesia's state-owned oil company Pertamina.

In an announcement made today, Coastal Energy said that "it it continuously evaluates strategic alternatives, including but not limited to the potential sale of the company, to maximize shareholder value".

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