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 this morning, still WAY undervalued.

cheers GF.

Just catching breath before
the next surge forward GF.
Have a look at it's chart,
we are on board that is all that
matters at present, it's just a waiting game.
all the best
HUSTLER

GF,

can you please put a 1 year chart in the header?

TIA.

Done Andy. Hustler not much ativity here today. Seems to really move up on news flow.

cheers GF.

GF,

many thanks.

No problems Andy.

cheers GF.

GF remeber SVR ??? looks to have hit the bottom and stands good chance of
recovering to 40p imho ?

Hi Gordon.

Posted on thread.

cheers GF.

Lost it's heartbeat at present GF
but not for long
all the best
HUSTLER

Yup we need a bit of news to get the momentum going again.

cheers GF.

Looking an absolute bargain at todays price with short term nav of circa 400p and longterm nav circa of 8 , P/e only 4 aswell. Its just waiting to be bought. With forward P/E of forecast 5.

cheers GF.

Could not agree more Gf
giving it away at this price.
I feel 6.00 now would still be a bargain
can only put it down to a thin market, and
still not that easy to trade any real volume,
but as the news spreads i am sure it will pick
up fast.
All the best
HUSTLER

Global Energy Development PLC
02 August 2005


Immediate Release 2 August 2005



GLOBAL ENERGY DEVELOPMENT PLC

Exercise of Warrants

Global Energy Development PLC (the 'Company') announces that following receipt
of notices to exercise warrants at an exercise price of 60p from four
shareholders of the Company, with the latest notice received on 22 July 2005,
the Company has allotted and issued credited as fully paid 81,108 new ordinary
shares in the Company (the 'New Shares'). Application has been made for the New
Shares to be admitted to trading on AIM and admission is expected to occur on 8
August 2005.



Following admission, the issued share capital of the Company will be 35,046,155
ordinary shares.



Following today's announcement there are 84,275 warrants outstanding in respect
to the Company's ordinary shares with an expiry date of 8 August 2005 and an
exercise price of 60p, these being held by minority shareholders.

Global Energy Development PLC
16 August 2005


Immediate Release 16 August 2005



GLOBAL ENERGY DEVELOPMENT PLC


RIG MOBILIZATION TO FIRST EXPLORATORY WELL ON LOS HATOS CONTRACT



Global Energy Development PLC ('Global' or the 'Company'), the Latin America
focused petroleum exploration and production company (LSE-AIM: 'GED'), announces
that it has commenced rig mobilization to the first well, Los Hatos 1, within
its exclusive 85,000 acre Los Hatos Exploration and Production Concession
contract (the 'Contract') in Colombia.


The Contract, part of an approximate 5.1 million acre portfolio currently held
by Global in Colombia, Peru and Panama, is located in the central Llanos region
and is contiguous southwards to Global's Alcaravan Association contract which
contains the established, producing Palo Blanco field.


The Los Hatos 1 exploratory well is updip and approximately 300 metres from the
Cajaro 1 well within the Palo Blanco field, with this well having cumulative
production to date of approximately 328,000 gross barrels of oil since it was
placed on to production in June 2003. Global anticipates Los Hatos 1 to have a
significantly larger oil zone thickness than Cajaro 1's 11 feet.


Global expects to spud Los Hatos 1 by late August 2005 with the well equipped
for production by early October 2005.


Should Los Hatos 1 be successful it will increase to five the number of Global's
contracts currently producing, with 100% ownership by Global of all contracts,
and the Company would expect the Los Hatos Contract to add to the Company's
independently reported proved and probable reserves as at 31 December 2005.


Following the operations on Los Hatos 1, Global expects the rig to be mobilized
sometime during the fourth quarter to another exploratory well, Tilodiran 2,
within the producing Rio Verde Exploration and Production Concession contract.

Hi guys,

just using a customers PC over here in Aussieland in the middle of my 8 week business trip (should read piss up). The aussies are really shaking at the thought of playing our lads down at Trent Bridge, they have been really rocked at just how good we are. Hope everyones making money and should be certainly on this one.

Expecting results to be corking.

Sees ya later cobbers.

Cheers Gf.

Global Energy Development PLC
16 August 2005


Immediate Release 16 April 2005

GLOBAL ENERGY DEVELOPMENT PLC


NOTIFICATION OF RESULTS



Global Energy Development PLC ('Global' or the 'Company'), the Latin America
focused petroleum exploration and production company (LSE-AIM: 'GED'), announces
that Harken Energy Corporation ('Harken'), a Delaware corporation and the holder
of approximately 62% of the Company's issued ordinary shares, has filed with the
Securities and Exchange Commission of the United States, its Quarterly Report on
Form 10-Q for the quarter ended 30 June 2005. Harken's Form 10-Q, filed on a
consolidated basis, includes certain financial information, on a United States
GAAP basis, with respect to the Company's operations.


Global anticipates announcing interim results for the six months ended 30 June
2005, on a U.K. GAAP basis, on Thursday, 1 September 2005.



For further information:


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

www.globalenergyplc.com
+44 (0) 7909918034

it is the next mover in the oil sector it could make you rich in short time go for it
dont miss the boat

Global Energy Development PLC
01 September 2005


Immediate Release 1 September 2005

GLOBAL ENERGY DEVELOPMENT PLC

INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2005

Global Energy Development PLC ('Global' or the 'Company'), the Latin America
focused petroleum exploration and production company (LSE-AIM: 'GED'), is
pleased to announce its interim results for the six months ended 30 June 2005.

Highlights:

Revenues up 64.8% at $9,103,000 against the comparable period last
year (2004: $5,524,000);

Gross profit up 69.4% at $4,997,000 (2004: $2,949,000);

Profit before tax up 38.3% at $3,138,000 (2004: $2,269,000) and
greater than the full year ended 31 December 2004;

Net income up 42.6% at $2,797,000 (2004: $1,961,000) and greater
than the full year ended 31 December 2004;

Capital expenditure up 158.3% at $6,361,000 (2004: $2,463,000) with
capital expenditure for the year ended 31 December 2005 anticipated at
approximately $16 million;

No debt as at 30 June 2005;

Escalation of production underway for the second half of 2005;

Rapid progression towards exploratory drilling on several existing
contracts; and

Additional acreage anticipated to be secured during the remainder of
2005 and into 2006.

Commenting on the outlook for the Company, Mikel Faulkner, Chairman, said:

'For the remainder of 2005, Global intends to grow production, to add to the
high potential acreage already under the Company's control and progress rapidly
to exploratory drilling on several of its newer acreage positions which the
management of Global believe offer significant scope for substantial finds based
on historic data and recently completed third-party reports. Global looks
forward to the remainder of 2005 and beyond with confidence.'

Cracking results.

Sees you in two weeks baza.

cheers GF.

My tip for the first half of 2006. A really bad winter on the way can only mean still higher Oil prices.

OPEC can produce as much as they want but if demand is greater than supply
well!.

Not only that but the big boys are awash with cash. Watch out for consolidation/takeovers.

cheers Gf.

Hear hear Gf.
I suspect you have a few more oil stocks
tucked away as i have.
and only the beginning of the run for global.
All the best
HUSTLER