xhibit 99.2 - Instructions for Purchasing Stock


                     Coastal Caribbean Oils & Minerals, Ltd.


                                  INSTRUCTIONS
                                       FOR
                                   PURCHASING
                                      STOCK







The following instructions are intended to assist you in completing the enclosed
SUBSCRIPTION CARD. We urge you to read the enclosed PROSPECTUS before completing
the SUBSCRIPTION CARD.

IF AFTER READING THESE INSTRUCTIONS YOU HAVE ADDITIONAL QUESTIONS ABOUT FILLING
OUT THE SUBSCRIPTION CARD PLEASE CALL MORROW AND CO. CALL TOLL-FREE (800)
662-5200 or (212) 754-8000.

Please refer to the Sample Subscription Card for the location of the circled
numbers that are referred to in the instructions.

STEP 1
You are entitled to purchase _ shares for every __ shares of common stock you
held of record at the close of business on _________ __, 2002. The number of
shares you own of record, multiplied by __%, is printed in the upper right hand
corner of the SUBSCRIPTION CARD (1). For example, if you own of record ___
shares, then the number __ is printed as the GUARANTEED ALLOTMENT. When you have
determined the number of shares you wish to purchase from the Guaranteed
Allotment, enter that amount in Box A (2).

STEP 2
If you have subscribed for the entire amount of your Guaranteed Allotment (1),
then you may also subscribe for the purchase of additional shares which are not
subscribed for by other shareholders. If you wish to purchase additional shares,
please enter the number you wish to purchase in Box B . In the event that
shareholder over-subscription requests exceed the total shares available in the
Contingent Allotment, shares will be issued to you on a prorata basis, and
appropriate refunds will be made by the subscription agent.

STEP 3
Multiply the amount in Box A times $____ (the subscription price per share) and
enter the result in Box D (4).

STEP 4
Multiply the amount, if any, in Box B times $____ (the subscription price per
share) and enter the result in Box E.

STEP 5
Add the amount, if any, in Box D (4) and the amount due, if any, in Box E
AND ENTER THE TOTAL IN BOX F (6).

STEP 6
Make check payable to American Stock Transfer & Trust Company for the amount due
in Box F (6).

STEP 7
Sign the SUBSCRIPTION CARD in the area indicated . All registered owners
must sign exactly as their names appear on the SUBSCRIPTION CARD (8).

STEP 8
Send the completed SUBSCRIPTION CARD and check in payment of amount due to
American Stock Transfer & Trust Company, 59 Maiden Lane, New York, N.Y. 10038.
Properly completed SUBSCRIPTION CARDS and checks must be received by 4:30 p.m.
New York City Time on _______ __, 2002.

A postage paid REPLY ENVELOPE is provided for your convenience in returning your
SUBSCRIPTION CARD and payment.





                 Nontransferable Subscription Card    GUARANTEED ALLOTMENT 00
                     COASTAL CARIBBEAN OILS & MINERALS, LTD.
                                 NONTRANSFERABLE
            VOID UNLESS DELIVERED IN ACCORDANCE WITH THE TERMS OF THE
           PROSPECTUS BEFORE 4:30 P.M., NEW YORK CITY TIME, ON , 2002
    Please fill in the amount due and number of shares you wish to purchase
pursuant to the exercise of the guaranteed and contingent allotments, which, in
the case of the guaranteed allotment, may not exceed the amount set forth in the
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)
                               ---------------------------------------------
                               ---------------------------------------------
JOHN J AND MARY DOE            Guaranteed      00        A      $00        D
241 MAIN STREET                ---------------------------------------------
HARTFORD, CT 06106             ---------------------------------------------
                               Contingent      000       B      $000       E
                               ---------------------------------------------
                               ---------------------------------------------
                               Total           000       C      $000       F
                               ---------------------------------------------

                               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, N.Y. 10038. Delivery
     must be made before 4:30 p.m., New York City Time, New York, NY on , 2002.
                      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.

                        JOHN J DOE                        MARY DOE
                ................................. ..............................
                     Signature of Shareholder           Signature of Shareholder
                                                            (If jointly held)

           BE SURE TO COMPLETE BOTH SIDES OF THIS CARD BEFORE MAILING