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APPELLATE COURT AFFIRMS COST JUDGMENT

 APPELLATE COURT AFFIRMS COST JUDGMENT
 TALLAHASSEE, Fla., March 4 /PRNewswire/ -- Coastal Petroleum


Company, an 88 percent owned subsidiary of Coastal Caribbean Oils & Minerals, Ltd. (Boston Stock Exchange: CCO-B, CCO-BN) said Florida's First District Court of Appeal has upheld a lower court's $2.1 million cost judgment in favor of Mobil Oil Corp.
 The cost judgment, originally entered and paid in 1987, was reviewed last July by the Florida Supreme Court, which remanded the issue to the lower courts for reconsideration, the company said.
 According to a Coastal Petroleum spokesman, the trial court's 1991 ruling, now supported by the appellate court, appears to contravene the Florida Supreme Court opinion in Coastal vs. Mobil; hence the company will return to that court, he said.
 -0- 3/4/92
 /CONTACT: Arthur B. O'Donnell of Coastal Caribbean Oils & Minerals, 203-525-1202/
 (CCO) CO: Coastal Caribbean Oils & Minerals, Ltd.; Mobil Oil Corp. ST: Florida IN: OIL SU:


KD-SH -- NY063 -- 4989 03/04/92 13:27 EST
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Publication:PR Newswire
Date:Mar 4, 1992
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