Nucoastal Corp

Write a Review713-877-7100

Positioned for success - our management team has a proven track record in finding, developing and producing oil and gas reserves that offer significant upside for investors. Coastal Energy Company is an international exploration & production company with principal assets in Thailand. Coastal currently has oil production from its 100% owned and operated offshore fields in the Gulf of Thailand and natural gas production from its non-operated working interests onshore Thailand. Coastal brought the offshore oil production onstream in November 2008 from the Songkhla oil field. First production from the second proven offshore oil field, Bua Ban, is expected in 2Q10. The Company was founded in 2004. In 2005, it acquired a 50% interest in Block G5/43 in the Gulf of Thailand from NuCoastal (Thailand) Limited through a 3 well farm-in on the Bua Ban oil field in the Gulf of Thailand. In 2006, the Company and NuCoastal (Thailand) Limited merged, consolidating 100% ownership of Block G5/43. NuCoastal also contributed its onshore gas assets as part of the transaction. The resulting company was renamed Coastal Energy Company.