Been looking at this one ever since results were published back on the 7th april. Its both an Oil Explorer and Developer and just throws off cash and makes a profit. I wouldnt initialy go into it because the shares were very tightly held especially by the US Oil Company Harken Energy I think they had around 85% of the share equity and the stock was not very liquid, but thats changing as Harken sells off shares into the market especially to the Large Institutions. In fact its just sold another tranch off today.

It really as a lot going for it and since the results as been tipped by two Brokers Teather and Greenwood and Equity Development) as strong Buys but the good thing is that the price as not yet really moved, the city have not caught onto this one yet and this is an ideal opportunity to get on board. Its also won new contracts and its NAV estimated short term to be 367p, long term 729p is up against a share price of only 161p. The P/E for the company for 2005 is only 6 and for 2006 a mere P/E of 4, compare that to some of the Blue Skers around and it is amazingly cheap. The institution Fidelity have also taken a big stake in the last couple of days and those boys know what they are doing.

Last Results to 31st December 2004.


Financial Highlights



Revenues up 28% to $10,974,000 (2003: $8,556,000)



Gross Profit up 65% to $5,349,000 (2003: $3,239,000)



Profit before tax up 292% to $3,127,000 (2003: $797,000)



No debt as at 31 December 2004



Finding cost of approximately $5 per barrel in the three years ending 31
December 2004



107% increase in Capital Expenditure budget for 2005 (2004: $8,700,000)

- fully funded from cash available and cashflow from production


Operational Highlights



2 exclusive contracts signed in Colombia in 2004 and another exclusive
contract in Peru added post the year end



Portfolio now much enlarged and prospect rich - trend towards exploration
against backdrop of established production

- 6 contracts and 1 pending contract covering approximately 3 million
acres in Colombia, Peru and Panama

- 100% ownership of all contracts



Production widened to 10 wells from 4 contracts as at 31 December 2004

- Record daily production of 2230 bopd from 11 wells as at 3 April 2005



Multiple exploration prospects within enlarged portfolio in all 3
countries already independently reported on

- First exploration expenditure since flotation on properties held under
contract to occur in 2005



Anticipate signing at least 2 additional exclusive contracts or Technical
Evaluation Agreements during the remainder of 2005

Director Speak.

Commenting of the results for 2004 and progress post the year end, Stephen Voss,
Managing Director, said:



'We are very optimistic about Global's position within the oil industry. We
identified many years ago three pre-eminent countries in which to operate -
Colombia, Peru and Panama - that have continually offered improved industry
terms and economic and political stability. All three continue to have few
independents operating in them and as a consequence Global continues to maintain
its first mover advantage and the opportunity to acquire additional attractive
acreage.



We have significantly enlarged our portfolio since our flotation three years ago
and now have a much diversified portfolio offering multiple prospect
opportunities in addition to established production. This production throughout
2004 against historically high oil prices resulted in record financial results
for the year.



Our production and strong-pipeline of near-term production allows the Company to
continue to build on a solid financial base whilst beginning to pursue the
considerable exploration prospects under contract and pending contract which the
management believe are capable of significantly enlarging and transforming the
Company going forward.'


Forward Outlook

We are very optimistic about Global's position within the oil industry. We
identified many years ago three pre-eminent countries in which to operate -
Colombia, Peru and Panama - that have continually offered improved industry
terms and economic and political stability. All three continue to have few
independents operating in them and as a consequence Global continues to maintain
its first mover advantage and the opportunity to acquire additional attractive
acreage.



We have significantly enlarged our portfolio since our flotation three years ago
and now have a much diversified portfolio offering multiple prospect
opportunities in addition to established production. This production throughout
2004 against historically high oil prices resulted in record financial results
for the year.



Our production and strong-pipeline of near-term production allows the Company to
continue to build on a solid financial base whilst beginning to pursue the
considerable exploration prospects under contract and pending contract which the
management believe are capable of significantly enlarging and transforming the
Company going forward.ENDS.

Conclusion.

Way undervalued in my eyes and a lot of others in the industry aswell. The future is very exciting. Remember its not a Petrel or a White Nile so dont expect fireworks. Its got an high beta and the shares are still relatively tightly held. Further news flow will move the share price this year and beyond. You will have to be patient with this one but I beleive it to be an exceptional investment.

DYOR.

cheers GF.

TA looks rather strong.....................

Moving up nicely this morning.

cheers Gf.

Good news...

Global Energy announces positive test results from Tilodiran 2 well
AFX


LONDON (AFX) - Global Energy Development PLC announced positive test results from its Tilodiran 2 exploratory well on the Rio Verde area in Colombia.

'We are extremely pleased with the results of the Tilodiran 2 well production test,' said managing director Stephen Voss. 'The well shows preliminary evidence of very significant oil deliverability that will have a considerable impact on the company's production volumes and revenues.'

The company currently estimates a stabilized oil rate at the minimum possible pump speed to be approximately 1,100 barrels of oil equivalent per day (boepd).

The company's recent gross production, prior to the placing on continuous production of the Tilodiran 2 well, is 1,050 bopd.

It intends drilling another well in the Tilodiran field later in 2006.

Global's net interest in the Tilodiran 2 well is 89.5 pct.





newsdesk@afxnews.com

jc

GF
Another day and another shake up, It is a little frustrating, but there are now great buying opportunities, GED being one of them. With any extra production comming on line, the fundamentals will look even better.
Some smart buyers of GED today with end-of-day trades fairly sizeable.

Regards
PB

Still in but ive sold some of my earlier tranches.

Long term outlook looks fine.

cheers GF.

what is happening to this one, all the way done it seem. looking gloomy.

very gloomy for GED

Have we moved to another thread?

More gloomy news today...GED drop to 150p as production dropped.



Global Energy Development PLC
16 November 2006


GLOBAL ENERGY DEVELOPMENT PLC

OPERATIONS UPDATE

Global Energy Development PLC ('Global' or the 'Company'), the Latin America
focused petroleum exploration and production company (LSE-AIM: 'GED'), is today providing an update on its operations.

In order to actively manage reservoir conditions of the Tilodiran field the
production rate of the Tilodiran 2 well has been voluntarily restricted over the
last two months to 750 barrels of oil per day ('bopd') and this restriction will
remain in place for the remainder of the current financial year. In addition,
two successful workovers were completed later than expected and therefore began
contributing to production three months later than planned. As a consequence,
total production net to Global for 2006 is now expected to be in the region of
405,000 barrels of oil. However, daily production, net to Global, currently
stands at approximately 1,550 bopd, a marked increase on the average of 947 bopd for the six months ended 30 June 2006.

Capital expenditure for 2006 remains broadly on target at an expected $16
million total for the year, with cash flow from production continuing to cover
2006 contractual obligations. Capital expenditure for 2007 will be aligned to
operational cash flow from existing production and production growth from
additional wells planned for 2007.

Drilling of three delineation wells on the Primavera field remains largely on
schedule with rig mobilization having been delayed just over a month to the end
of December 2006 due in part to continued adverse weather conditions in the
Llanos Basin. Rig mobilization will take three weeks and the first well is
expected to be drilled and completed in early February 2007. It will be
followed in quick succession by two further wells and an extensive seismic
programme. It is expected that all these wells will have a positive impact of
the Company's production rates early in the second half of 2007. The drilling
of three delineation wells plus acquisition of 3D seismic as opposed to the
previously envisaged five delineation wells during the period should better
prove up reserves in the Company's opinion and a full development programme will commence on the Primavera field in 2008.

Two other wells originally planned for the first half of 2007, Los Sauces 1 and
Tilodiran 3, are both likely to be the subject of some delay. In relation to
the Los Sauces contract, the Company will fulfill the seismic acquisition and
reprocessing commitment with work beginning in January 2007. However, both
wells are liable to now be drilled during the second half of 2007 due largely to
a lack of availability of a suitable rig in Colombia. It is hoped that the same
medium-heavy rig once contracted will drill both wells back-to-back.

The Company is also assessing farm-out opportunities for a number of its longer
term exploration projects across its Latin America portfolio with the intention
of expediting progress on these projects through access to suitable drilling
rigs.

For further information:
Global Energy Development PLC
Catherine Miles, director of Investor Relations +44 (0) 20 7763 7177


www.globalenergyplc.com
+44 (0) 7909918034





Notes to Editors:

Global has been listed on the AIM Market of the London Stock Exchange since
March 2002 (LSE-AIM: 'GED'). The Company currently holds in excess of 5.2
million acres through nine contracts in Colombia and Peru, an exclusive
Technical Evaluation Agreement ('TEA') in Colombia and a concluded exclusive TEA in Panama. Global's portfolio comprises production, developmental drilling and workover opportunities and several high-potential exploration projects.

Ryder Scott Company, LP ('Ryder Scott'), the Company's independent engineers,
reported that as at 31 December 2005, proved plus probable reserves ('2P
reserves') net to Global totalled 17.5 million barrels of oil and proved plus
probable plus possible reserves ('3P reserves') net to Global totalled 67.5
million barrels of oil. Based upon an approximate Brent Price of $58 per
barrel, this being the closing price as at 31 December 2005, Future Net Revenues
('FNR') for the 2P reserves net to Global totalled $621 million and FNR for the
3P reserves net to Global totalled approximately $2.8 billion.

Ryder Scott reported that as at 1 July 2006 the total risked, mostly likely case
recoverable barrels of gross resources for the Company's exploration properties
was 218.6 million barrels of oil equivalent.

Proven and probable oil and gas reserves are estimated quantities of
commercially producible hydrocarbons which the existing geological, geophysical
and engineering data show to be recoverable in future years from known
reservoirs. The proved reserves reported by Ryder Scott conform to the
definition approved by the Society of Petroleum Engineers ('SPE') and the World
Petroleum Congress ('WPC'). The probable and possible reserves reported by
Ryder Scott conform to definitions of probable and possible reserves approved by
the SPE/WPC using the deterministic methodology.

This information has been reviewed by Ryder Scott.

Well a poster on advfn seems sure news on the rig mobilization on the Primavera field
will be announced tomorrow. After the delays it will certainly be a welcome news.

They were right!!!

Global Energy Development PLC
23 January 2007


For Immediate Release 23 January 2007



GLOBAL ENERGY DEVELOPMENT PLC

RIG MOBILIZATION



Global Energy Development PLC ('Global' or the 'Company'), the Latin America
focused petroleum exploration and production company (LSE-AIM: 'GED'), is
pleased to announce that it has commenced mobilization of a drilling rig to the
Primavera - Luna Llena field located within its Colombian Luna Llena Exploration
and Production Concession contract (the 'Contract') with mobilization expected
to take three weeks.



The Company intends to perform drilling and completion operations in three wells
back-to-back on the Contract area. The wells will be drilled to an approximate
depth of 2,550 feet with drilling and completion estimated to take 10 days per
well and each to be followed by a 10 day production test. These three wells are
intended to evaluate the hydrocarbon potential of the 'El Miedo' sandstone in
the upper Carbonera formation and will form the basis to assess a full
development drilling programme for the Primavera - Luna Llena field. The
Primavera - Luna Llena field, formerly known as the El Miedo field, was subject
to activity by two international oil companies in the 1980s that tested oil from
more than one well at that time.



For further information:

Global Energy Development PLC
Catherine Miles, Company Secretary +44 (0) 20 7763 7177

www.globalenergyplc.com

Anybody thinking of dipping in/adding to GED at the mo? Looks way undervalued with a 50% discount to NAV of around 250p. Looks like the fall since last May is down to delays.

holding at mo, waiting for news that should come in the next 2 weeks, as rig should be onsite, would be good to hear update to that effect.

The Llanos basin is more like the bermuda triangle when it comes to drill rigs... chp, ged not as slow as chp

Im in with a small investment. Don't know all that much about the company but can't resist that discount.

Next week promises to be good for both GED and CHP, particularly if the drilling depth is reached this w/e on GED's Primavera block and it is proved that the mgt were right to drill production wells straight off. CHP also have the prospect of some of any oil GED find, depending upon where it is in their block; CHP also has some other items of possible good news but they have stopped all leaks very recently so getting an reliable prior update is proving difficult.

good rise today

excuse me for being dense, but it seems unclear to me whether or not GED have actually found oil let alone in commercial quantities ..... if i am just being stupid, and a commercial well is about to start producing, why has the share price languished and even the rise on Friday was really not that exciting, especially when the spread seem to be 7/8p.

Cynic, I have little information about the ins and outs of the company and my investment is purely speculative. All I know about the current drilling programme is that it might add around 150p to NAV.

Chad, agreed. This looks too good to miss having a punt on, albeit as
you say speculative. There does appear to be an air of confidence
from the RNS imo

GLOBAL ENERGY DEVELOPMENT PLC



POSITIVE WELL TEST RESULT



Global Energy Development PLC ('Global' or the 'Company'), the Latin America
focused petroleum exploration and production company (LSE-AIM: 'GED'), is
pleased to announce positive test results from its Luna Llena 2 well and an
encouraging outlook for its Colombian Luna Llena Exploration and Production
Concession contract.



The two key objectives of the two well Luna Llena drilling programme were to
determine the Carbonera C3 formation production capacity in the Luna Llena area
and to acquire additional data that could be used to assess field wide reserve
potential, identify an appropriate future data acquisition strategy as well as
assist in designing a field development plan.



The Luna Llena 2 well was drilled directionally to a total depth of 2,980 feet
to reach the 'El Miedo' sandstone in the upper Carbonera C3 formation. In the
Luna Llena 2 well, oil shows and oil stained cuttings were recovered in the
drilling process from the upper C3 'El Miedo' sandstone. Using nuclear and
resistivity measurement devices the 'El Miedo' sandstone was determined to be a
high porosity reservoir consisting of clean, well developed sands and favourable
calculated oil saturation. The oil saturation calculations and other field data
indicated the 'El Miedo' reservoir has the potential to flow a high percentage
of oil.



The downhole pressure measurements and fluid volumes recovered at the surface
during the initial test period of approximately one hour demonstrated a 15 foot
perforated section of the 'El Miedo' reservoir produced at the rate of 1,000
barrels of total fluid per day. Over an additional test period of 13 hours the
Base Sediment and Water ('BS&W') ratio averaged 55% with a low BS&W ratio of 8%.
The water recovered in the test was almost entirely drilling fluid indicating
the well was continuing to clean up due to the nature of the unconsolidated
formation.



Based upon data collected in these tests, the 'El Miedo' formation yielded a
well Productivity Index ('PI') which serves as a very encouraging indicator of
the potential production capacity of the Luna Llena 2 well.



The oil produced during testing was of a medium quality with an API gravity of
19 degrees and a sample of which is now undergoing laboratory analysis to
determine its complete characterization.



The Company now intends to appoint an independent technical consultant to
estimate the reserves associated with the Luna Llena property which will be used
to design a field development programme.



Commenting, Stephen Voss, Global's Managing Director, said:



'The measured reservoir productivity of the Luna Llena 2 well exceeded the
Company's expectations and demonstrates the El Miedo reservoir to be productive
and an attractive developmental opportunity. The Company will now integrate all
the data collected over the last two months in order to estimate the impact of
the delineation programme on future reserves and production. The Company is very
optimistic about the future of this property.'

Global Energy shares dive 37%
StockMarketWire.com

Latin American oil explorer, Global Energy was a major casualty in the market today as the share price crashed 43p to 72.0p in early morning trading - just over 37% lower than the market opening price.

The Group announced that it had plugged and abandoned the Rio Verde 2 exploratory well in the previously untested Rio Verde fault block of the Colombian Rio Verde contract