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

LOL. Thats what you need when the markets are like this, a good laugh.

Ended up positive today, it didnt fall like all others.

cheers GF.

Punters buying in, but doesnt show on individual trades. Was the same Friday.

cheers GF.

GF. Is the more or less flat SP chart over last year due to Harken's huge stake restricting fluidity? If so what are the future prospects for them further releasing their equity? Cheers.

Word is that they are prepared to release more into the market. Its a situation we will have to watch. Two brokers both with Strong Buys points to this one being a good un as long as investors can get the stock.

cheers GF.

hi gf, good to see you looking at this one
I stared buying small in oct at 169p
built up gradually on dips to 7200 standing ave
155p per share so not much of a gain yet.
The stats and forcasts look very good indeed
so much so i tried to buy another 3000 shares about
3 weeks ago only to be horrified my broker could not
get them without paying a kings randsom,
but even more concerning he warned me i could have
a problem shifting my existing holding especially if
trying to shift in one trade.
note your comments of more stock becoming available
in the market if the stock becomes more liquid the
sp should rise conciderably.

regards HUSTLER

Well Im keeping my fingers crossed Hustler, glad to see you in this one.

cheers GF.

Global Energy Development PLC
12 May 2005


Immediate Release 12 May 2005


GLOBAL ENERGY DEVELOPMENT PLC

ACCELERATION OF EXPLORATION PROGRAMME WITHIN PERUVIAN CONTRACT

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 accelerated certain work obligations required
under its Licence contract for the Exploration and Exploitation of Hydrocarbons
in the Block 95 Area (the 'Contract') located in the Maranon Basin of
Northeastern Peru.

Under the terms of the Contract, which became effective last month, Global is
required to acquire approximately 4800 square kilometres of micro-magnetic
geophysical data in and around the identified Bretana field located in Block 95
and elsewhere throughout Block 95 during Phase 2 which commences 12 months from
the effective date, namely April 2006.

Global has already executed a contract with Fugro Airborne Surveys, a leading
provider of airborne geophysical services, to undertake an aeromagnetic survey
on the Contract area with activities expected to commence within the next couple
of months.

Airborne geophysics has been utilized in petroleum exploration for many years
with aeromagnetic surveys being the most widely used component. Aeromagnetic
surveys provide a fast, low-cost method of structurally mapping large areas.
Magnetometers towed by either an airplane or helicopter measure the intensity of
the Earth's magnetic field over a selected area. Differences between actual
measurements and theoretical values indicate anomalies in the magnetic field
which represents changes in rock type or thickness. Entire basins can be
characterized and mapped with recent advances in computer technology meaning
even subtle geological effects can now be detected. Aeromagnetic surveys can be
used to supplement more sparsely distributed seismic data and provide further
guidance on where exploration efforts should be focused to achieve optimum
results.

In addition to commencing Phase 2 early, Global anticipates acquiring above the
4800 square kilometres of micro-magnetic geophysical data specified by the
Contract.

Global owns a 100% working interest in the Contract, which assigns Global
exclusive exploration and production rights to approximately 1,275,000 acres,
subject only to an initial 5% royalty. The size of the royalty is to be
determined by future production levels. The Contract duration is approximately
7 years for the initial exploration phases and 23 years for the exploitation
phase.

Global currently anticipates drilling its first well under this Contract in the
identified Bretana field in late 2006 or early 2007 and follow this with an
exploratory well elsewhere in the Contract area in late 2008.

Commenting on acceleration of work under the Peruvian Contract, Stephen Voss,
Managing Director of Global said:

'Micro-magnetic geophysical data and the map products produced are an essential
component of any exploration programme that must evaluate a large number of
prospective geologic opportunities. Block 95 offers a number of opportunities
which we have identified over the last three years and this early acquisition of
data will enable us to tightly tailor our future seismic acquisition programme
to focus on the highest graded potential prospects thereby increasing the
changes of a successful drilling programme. Through currently accelerating our
work obligations beyond that which is required under the Contract we hope to
advance quickly to the drilling of our first well in Block 95.

wilbs

positive news out today and
stock becoming more liquid
sp should now respond

regards HUSTLER

Yes excelent news. Patience is the key with this one.

cheers GF.

Interesting - I topped up again on this early this morning and my trade has still not shown up.

Baza

Same happened with me Baza on a couple of occasions. Somone mentions why earler in the thread.

cheers GF.

Cheers GF

Gone up nicely today Baza, remember these quite ones are the one to be on when the big, big, news comes out.

Just patience Baza itl come for us.

cheers GF.

This one is worth waiting for, the
Aim market is still being battered.
In say a years time this one will
without doubt be a lot higher when
sense returns.
regards HUSTLER

Yes agreed Hustler. Patience is the key.

cheers GF.

Global Energy Development PLC
19 May 2005






Immediate Release 19 May 2005

GLOBAL ENERGY DEVELOPMENT PLC

HOLDING IN COMPANY


Global Energy Development PLC ('Global' or the 'Company'), the Latin America
focused petroleum exploration and production company (LSE-AIM: 'GED'), has been
notified that following an increase in the Company's issued share capital, as
announced on 29 April 2005, Fidelity International Limited's ('FIL') and its
direct and indirect subsidiaries', being non-beneficial holders, interest in
2,812,716 Ordinary Shares in the capital of the Company, now represents 9.99% of
the Company's issued share capital.




For further information:



Global Energy Development PLC
Catherine Miles, director of Investor Relations +44 (0) 20 7808 5550

www.globalenergyplc.com

wilbs

Yes an excelent endorsement of the company from probably the best fund in the World.

cheers GF.

And another RNS, we certainly arent short of newsflow on this one.........

Global Energy Development PLC
23 May 2005



Immediate Release 23 May 2005

GLOBAL ENERGY DEVELOPMENT PLC

ACQUISITION OF NEW SEISMIC

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 entered into a contract and work has commenced
to acquire approximately 56 kilometres of new 2D seismic within its Rio Verde
Exploration and Production Contract (the 'Contract').

The seismic is being acquired around the two existing, producing wells located
on the Rio Verde acreage, Tilodiran 1 and Macarenas 1, in order to evaluate and
proceed with the drilling of an additional well within the Contract area in the
short-term and further wells in the longer-term. In addition, a proportion of
the seismic is also being acquired elsewhere in the Contract area to consider
future exploratory wells.

The new seismic will be processed alongside the reprocessing of 300 kilometres
of existing seismic as required under the terms of the Contract.

Commenting on the acquisition of new seismic within the Rio Verde Contract area,
Stephen Voss, Managing Director of Global, said:

'The Company is pleased with the progress made already in the Rio Verde
Contract. Tilodiran 1 and Macarenas 1 were rapidly brought on to production
following the Contract signing in September last year and have had good ongoing
performance. Cumulative production to date from Tilodiran 1 and Macarenas 1,
which commenced production in December 2004 and January 2005 respectively, is
approximately 48,000 barrels. The new seismic data will enable Global to
select optimum locations for further drilling in Rio Verde and the Company hopes
to be able to commence the drilling of a new well, Tilodiran 2, before the end
of 2005. With the addition of future new wells, Rio Verde is expected to
contribute strongly to Global's established production and provide further
cashflow to fund ongoing work within several of the Company's contract areas.'





For further information:


Global Energy Development PLC +44 (0) 20 7808 5550
Catherine Miles, director of investor relations +44 (0)7909918034

www.globalenergyplc.com

cheers GF.

A cracking piece of news and a cracking rise..................

Global Energy Dev signs Colombia deal; sees testing beginning late 2006
AFX


LONDON (AFX) - Global Energy Development PLC has signed a new exclusive Technical Evaluation Agreement with the National Hydrocarbons Agency of Colombia for the evaluation of potential hydrocarbon resources in the Valle Lunar area located in the established Llanos Basin of eastern Colombia.

Stephen Voss, Managing Director of Global Energy Development, said: 'The company believes it is an area of significant medium heavy oil reserves which is of a less expensive and technically straightforward class to extract, as substantiated by data already available... (We anticipate) signing a concession contract and proceeding with shallow borehole testing in late 2006.'

The total acreage covered by the agreement is approximately 2.1 mln acres.

The Latin America-focused petroleum exploration and production company said the deal enlarges its acreage position by approximately 70 pct to 5.1 mln acres held in Colombia, Peru and Panama.

The Valle Lunar agreement targets medium heavy oil deposits and grants Global the exclusive option to sign a future exclusive Exploration and Production Concession contract, typically approximately 25 years in duration, for acreage within the area that Global identifies as prospective and suitable for exploratory drilling and production operations.

tc



COPYRIGHT



Copyright AFX News Limited 2005. All rights reserved.

cheers GF.