COASTAL CARIBBEAN OILS & MINERALS LTD
S-1/A, EX-99.1, 2000-09-08
CRUDE PETROLEUM & NATURAL GAS
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                    Exhibit 99.1 - Form of Subscription Card


           Nontransferable Subscription Card            GUARANTEED ALLOTMENT  90
        COASTAL CARIBBEAN OILS & MINERALS, LTD.         CONTINGENT ALLOTMENT 270
                                 NONTRANSFERABLE
            VOID UNLESS DELIVERED IN ACCORDANCE WITH THE TERMS OF THE
       PROSPECTUS BEFORE 4:30 P.M., EASTERN DAYLIGHT TIME, ON OCTOBER 23, 2000
    Please  fill in the amount  due and  number of shares you wish to  purchase,
which may not exceed  amounts in upper right hand corner of this card.  Refunds,
as set forth in the Prospectus,  will be made by the  subscription  agent in the
event the offering is oversubscribed.


                          (1)               (2)
              ---------------------------------------------
                         Shares         Amount due
           Allotment  Subscribed For   ($1.00 x col 1)
              ---------------------------------------------
              ---------------------------------------------
           Guaranteed     90        A       90        D
              ---------------------------------------------
              ---------------------------------------------
           Contingent*   270        B      270        E
              ---------------------------------------------
              ---------------------------------------------
           Total         360        C      360        F
              ---------------------------------------------
           *May not exceed three times the amount in Box A above.
           BE SURE TO COMPLETE BOTH SIDES OF THIS CARD BEFORE MAILING










     RETURN TO THE SUBSCRIPTION AGENT:

     To exercise your subscription rights,  complete both sides of this card and
return it with full payment  with checks  payable to American  Stock  Transfer &
Trust Company, 59 Maiden Lane, New York, NY 10007.  Delivery must be made before
4:30 p.m., Eastern Daylight Time, New York, NY on October 23, 2000.
                                                  I (We)  hereby  subscribe  for
                                              the number of shares of the common
                                              stock of Coastal  Caribbean Oils &
                                              Minerals,  Ltd.,  as  indicated in
                                              Column (1) on the opposite side of
                                              this   subscription  card  and  in
                                              accordance    with    the    terms
                                              specified   in   the    Prospectus
                                              relating hereto,  receipt of which
                                              is hereby acknowledged.


 ........................                  ........................
 Signature of Shareholder                  Signature of Shareholder
                                              (if jointly held)

           BE SURE TO COMPLETE BOTH SIDES OF THIS CARD BEFORE MAILING




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