RNS Number:7903N
Global Energy Development PLC
20 June 2005




Immediate Release                                           20 June 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"), was
notified on 20 June 2004 that Fidelity International Limited and its direct and
indirect subsidiaries, being non-beneficial holders, have an interest in
3,163,656 ordinary shares of 1 pence each of the Company, representing 9.05% of
the Company's issued share capital.




For further information:



Global Energy Development PLC
Catherine Miles, director of Investor Relations             +44 (0) 20 7763 7177
www.globalenergyplc.com                                     +44 (0) 7909918034











                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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