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.....................

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

Hi Hustler,

just been reading a report from Mark Slater and he says he sees Oil prices going up for many years to come. There just aint enough of it to go around.

I hold Soco, Egdon, and Star aswell as Hamworthy.

cheers Gf.

Looks like its responding to yet higher oil prices.

cheers Gf.

Nice to see this one on its way up again.

cheers Gf.

Going well again today. Seemingly there was a very big buy yesterday. Im awaiting the RNS.

cheers Gf.

GOLDFINGER,
How are you,
I was wondering if you are still in IDD?,
I miss your posts on the idd thread

Hi GF
Good to see a new high 2.82 at post.
Plenty more to come
the price is still daft,
but the market now seems
to be responding.
All the best
HUSTLER

Makes you wonder when the market is going to awaken to this one. Meanwhile Ill just keep buying on the sly. What did the Brokers say the Nav was 18 months out 8 to 9 quid.

CP no not in IDD now.

cheers GF.

Cheers GF

...meanwhile GED continues its steady climb - I do like this share

baza

check een results out on 28th cannot understand why GED double this year and een pretty much gone nowhere EEN is GED neighbour in llanos basin any ideas ?

No idea Gordon, best get aboard GED which is absolutley steaming ahead with a new high. Dont forget NAV prediction of about 8 plus within 18 months and that could be very conservative.

cheers GF.

Just found out, tipped in Shares Mag as main tip. jolly Ho.

cheers Gf.

GF
This is starting to look good. I was a bit reluctant because of the tight hold Harken had. Do you know what Harken's holding is at the moment?

MS

Hi Micky
According to company refs harken hold 34.1%.
I know they have been off loading recently but
i am not sure the figure is that low, however the
more liquid the stock becomes the more attractive it is.
House broker Teather & Greenwood update 15 Sept STRONG BUY.
Shares Mag today main tip,
and a new high up 23p to 3.06 at post.
And still giving it away roll on for more.
All the best
HUSTLER
NB
Just checked out shares mag they quote harken holding 61%
and looking to reduce to just under 50%