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Coastal Energy Co.

09:43 AM EST - Coastal Energy Co. : reported net income of $1.22 million U.S. or $0.01 U.S. per share for the second quarter, compared to $2.96 million U.S. or $0.03 U.S. per share in the prior year quarter. Revenues for the quarter surged to $25.31 million U.S. from $260,000 U.S. in the year-ago quarter. Coastal Energy Co. shares V.CEN are trading even at $3.62.