EastCoast Energy names exploration and business development officer

TORTOLA, British Virgin Islands – EastCoast Energy Corporation (“EastCoast Energy” or “the Company”) announcesthe appointment of Graham Goffey to the newly created position of Exploration and Business Development Manager, with effect from 1st September 2006.

The appointment reflects the Company’s strategy of expanding its activities in Tanzania and elsewhere in Africa with a balanced portfolio of producing and exploration assets.  The Company has an excellent production base with the gas reserves in the Songo Songo field in Tanzania and it is forecast that the majority of these reserves will be contracted within the next eighteen months. The Company is now intent on expanding its asset base and finding new reserves.  EastCoast is currently preparing for the drilling of an exploration well on lands adjacent to the Songo Songo field and the drilling of a development well within the Songo Songo field. The Company is also evaluating a number of farm-in opportunities in Tanzania and elsewhere in Africa. 

Mr Goffey will assume responsibility for managing the Tanzania exploration programme and ensuring that appropriate technical support is provided.  He will also manage EastCoast’s overall exploration programmes, the creation of a broadened exploration portfolio and business development.

Mr Goffey has 20 years of broad exploration and management experience with Conoco, LASMO plc, where he held roles in the UK, Indonesia and Pakistan, and Paladin Resources plc, where he was most recently General Manager, International. In this position and formerly as Paladin’s UK and International Exploration Manager, he played a key role in Paladin’s growth prior to its acquisition by Talisman Energy Inc.

EastCoast Energy Corporation Limited is a TSXV listed company focused on the exploration and production of Tanzanian natural gas and the sale of “Additional Gas” to markets in East Africa.  The Company trades on the TSXV under the trading symbols ECE.B and ECE. A.  The company is headquartered in Tortola, British Virgin Islands and maintains its operations offices in Dar es Salaam, Tanzania.

Forward Looking Statements
This disclosure contains certain forward-looking estimates that involve substantial known and unknown risks and uncertainties, certain of which are beyond EastCoast’s control, including the impact of general economic conditions in the areas in which EastCoast operates, civil unrest, industry conditions, changes in laws and regulations including the adoption of new environmental laws and regulations and changes in how they are interpreted and enforced, increased competition, the lack of availability of qualified personnel or management, fluctuations in commodity prices, foreign exchange or interest rates, stock market volatility and obtaining required approvals of regulatory authorities. In addition there are risks and uncertainties associated with oil and gas operations, therefore EastCoast’s actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking estimates and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking estimates will transpire or occur, or if any of them do so, what benefits, including the amounts of proceeds, that EastCoast will derive therefrom.

For further information please contact:

Peter R. Clutterbuck, CEO
+44 (0) 7768 120727

Nigel A Friend, CFO
+255 (0)22 2138737

EastCoast Energy signs power plant gas supply agreement in Tanzania

TORTOLA, British Virgin Islands. EastCoast Energy Corporation (“EastCoast Energy” or the “Company”) announces that it has signed an Interim Agreement with Songas Limited to supply up to 9.1 MMscf/d of natural gas to the Ubungo Power Plant in Dar es Salaam, Tanzania. It is anticipated that the Interim Agreement will be superseded by a 19-year supply agreement before the end of 2005. 

EastCoast is currently selling approximately 7.7 MMscf/d at average loads to Songas, and indirectly to Tanzania’s power utility TANESCO.  “This is the first of a number of natural gas supply agreements that we expect to sign with independent power producers and TANESCO in the coming years,” said Peter Clutterbuck, EastCoast’s President and CEO.  “We see significant growth in demand for our gas to meet increasing electrical power needs in both Tanzania and elsewhere in East Africa.  We are working closely with TANESCO to plan for future developments.”

The gas supplied to the six turbines at the Ubungo Power Plant (“UGT 1-6”) is produced from the Songo Songo gas field offshore Tanzania. Under the terms of the Songo Songo project agreement, The Tanzania Petroleum Development Corporation is entitled to supply Protected Gas to UGT 1-5. On average this amounts to 80.5% of the gas requirements of the six turbines (UGT 1-6) at Ubungo.  The remaining 19.5% of the gas required by the Ubungo turbines is considered Additional Gas and is being supplied by EastCoast.  This percentage represents the volume of gas required for UGT 6 in proportion to the total gas requirements of all six turbines. It is anticipated that the price of Additional Gas sold by EastCoast in Q4 will be between 2.32/mmbtu (US$2.11/Mcf) and US$1.96/mmbtu (US$1.81/Mcf). 

EastCoast is also in discussions with TANESCO for the supply of gas to additional projects including 105 MWs of new generating capacity currently forecast to be operational in 2007 and an existing 100MW thermal plant to be converted to gas.  These new loads will require up to 42 MMscf/d of Additional Gas supply and the construction of a third gas processing train on Songo Songo Island to supplement the existing two trains.  The pipeline to Dar es Salaam has sufficient surplus capacity for this offtake. This new level of demand can be met from existing proven and probable Songo Songo reserves.

EastCoast is currently selling approximately 11.0 MMscf/d of Additional Gas in Tanzania (7.7 MMscf/d power and 3.3 MMscf/d industrial). The sales price for industrial customers currently exceeds US$7/Mcf, and the Company intends to continue to increase the size of this high value market.  In this growing market, the Company’s exploration efforts are ongoing.  EastCoast’s seismic survey over the Songo Songo licence area and Aminex farm-in area is now complete and approximately 900 kilometres of new data will be processed and interpreted before the year end.

EastCoast Energy Corporation Limited is a TSXV listed company focused on the exploration and production of Tanzanian natural gas and the sale of “Additional Gas” to markets in East Africa.  The Company trades on the TSXV under the trading symbols ECE.SV.B and ECE.MV.A.  The company is headquartered in Tortola, British Virgin Islands and maintains its operations offices in Dar es Salaam, Tanzania..

Forward Looking Statements
This disclosure contains certain forward-looking estimates that involve substantial known and unknown risks and uncertainties, certain of which are beyond EastCoast’s control, including the impact of general economic conditions in the areas in which EastCoast operates, civil unrest, industry conditions, changes in laws and regulations including the adoption of new environmental laws and regulations and changes in how they are interpreted and enforced, increased competition, the lack of availability of qualified personnel or management, fluctuations in commodity prices, foreign exchange or interest rates, stock market volatility and obtaining required approvals of regulatory authorities. In addition there are risks and uncertainties associated with oil and gas operations, therefore EastCoast’s actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking estimates and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking estimates will transpire or occur, or if any of them do so, what benefits, including the amounts of proceeds, that EastCoast will derive therefrom.

For further information please contact:

Peter R. Clutterbuck, CEO
+44 (0) 7768 120727

Nigel A Friend, CFO
+255 (0)22 2138737

EastCoast Energy announces Tanzanian farm-in

TORTOLA, British Virgin Islands — EastCoast Energy Corporation (“EastCoast Energy” or the “Company”) announces that it is expanding its asset base in Tanzania and has negotiated an agreement with Aminex plc to farm-in to its offshore Nyuni Production Sharing Agreement (“Nyuni PSA”) adjacent to the producing Songo Songo natural gas field. The transactions will require formal approval of the Tanzanian authorities.

Under the agreement, the Nyuni PSA will be divided into two areas, “A” and “B”. Area “A” will consist of the western portion of the PSA. Area “B” will cover the balance of the PSA area and will include the Nyuni prospect that was drilled by Aminex plc and partners in 2003 with reported oil shows.

“This is the right time for EastCoast Energy to expand. Demand in Tanzania for natural gas is strong and we can foresee regional gas demand exceeding the currently producing Songo Songo reserves in future years”, said Peter Clutterbuck, President and Chief Executive Officer of EastCoast Energy. “In the meantime, we are successfully building gas sales and infrastructure and we hae our own seismic exploration programme underway. We recently reprocessed and reinterpreted seismic over the Songo Songo region, boosting our confidence in the area’s overall potential.”

EastCoast Energy plans to take advantage of the cost savings to be gained by extending its current Songo Songo area 2D seismi program onto the adjacent Nyuni PSA farm-in lands in Q4 2005. Should the area be developed for production in future, infrastructure is available and can be readily expanded. This makes the farm-in venture a lower risk, higher upside opportunity than other gas prospects in Tanzania. The parties have agreed that any discovery would be developed jointly with Aminex and operated by EastCoast Energy.

Under the farm-in agreement, EastCoast Energy will undertake, at its own cost, between 150 and 300 kilometres of 2D seismic over Area “A” in October 2005 in conjunction with its 550 kilometres seismic acquisition programme on its Songo Songo license area. Upon completion of the seismic acquisition, processing and interpretation, the Company will be required to elect whether or not to participate in an exploration well in Area “A” which has to be spudded by November 2007. If the Company so elects then, subject to certain terms and conditions, it will pay 64% of the costs of that well to earn a total aggregate 50% interest in Area “A”.

The farm-in agreement was signed between EastCoast’s subsidiary, PanAfrican Energy Tanzania Limited and Ndovu Resources Limited, a wholly-owned subsidiary of London listed Aminex plc (LSE symbo: AEX.L).

EastCoast Energy Corporation is a TSXV listed company focused on the production of Tanzanian natural gas and the sale of “Additional Gas” to markets in East Africa. The Company was spun out from PanOcean Energy Corporation and began trading on the TSXV as a separate public company on 31 August 2004 under the trading symbols ECE.SV.B and ECE.MV.A. The company is headquarted in Tortola, British Virgin Islands and maintains its operations offices in Dar es Salaam, Tanzania.

Forward Looking Statements
This disclosure contains certain forward-looking estimates that involve substantial known and unknown risks and uncertainties, certain of which are beyond EastCoast’s control, including the impact of general economic conditions in the areas in which EastCoast operates, civil unrest, industry conditions, changes in laws and regulations including the adoption of new environmental laws and regulations and changes in how they are interpreted and enforced, increased competition, the lack of availability of qualified personnel or management, fluctuations in commodity prices, foreign exchange or interest rates, stock market volatility and obtaining required approvals of regulatory authorities.  In addition there are risks and uncertainties associated with oil and gas operations, therefore EastCoast’s actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking estimates and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking estimates will transpire or occur, or if any of them do so, what benefits, including the amounts of proceeds, that EastCoast will derive therefrom.

For further information please contact:

Peter R. Clutterbuck, CEO
+44 (0) 7768 120727

Nigel A Friend, CFO
+255 (0)22 2138737

Eastcoast Energy Corporation Files 2004 Statement of Reserves data; MD&A and Financials

On April 29, 2005, EastCoast Energy Corporation filed with the securities regulatory authorities in Canada its statement of reserves data for the year ended December 31, 2004, which includes the disclosure and reports relating to reserves data and other oil and gas information required pursuant to National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities of the Canadian Securities Administrators. The filing which is made on the System for Electronic Document Analysis and Retrieval (“SEDAR”) and includes the statement of reserves data, dated as of December 31, 2004, the reports of its independent qualified reserves evaluator, McDaniel & Associates Consultants Ltd., and the related report of management and directors.

EastCoast Energy also announces that it has filed the Management Discussion and Analysis and Audited Consolidated Financial Statements for the year ending December 31, 2004. EastCoast Energy previously announced its results for the fourth quarter, 2004 and year ending December 31, 2004 in a press release dated April 21, 2005.

An electronic copy of these documents may be obtained on EastCoast Energy’s SEDAR profile at www.sedar.com.

For further information please contact:

Peter R. Clutterbuck, CEO
+44 (0) 7768 120727

Nigel A Friend, CFO
+255 (0)22 2138737