RNS Number:0450O
Global Energy Development PLC
24 June 2005


Immediate Release                                                  24 June 2005

                         GLOBAL ENERGY DEVELOPMENT PLC

                              Exercise of Warrants

Global Energy Development PLC ("Global" or the "Company") announces that
following receipt of notices to exercise warrants at an exercise price of 60p
from three shareholders of the Company including Stephen Voss, a Director of the
Company, and Andean Corporation, a US private company owned by Stephen Voss,
Mikel Faulkner and other members of Global's management, with Mikel Faulkner
also being a Company Director, with the latest notice received on 17 June 2005,
the Company has allotted and issued credited as fully paid 11,618 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 30
June 2005.

Following admission, the issued share capital of the Company will be 34,965,047
ordinary shares.

Following today's announcement there are 165,383 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.

For further information:

Global Energy Development PLC
Catherine Miles, Director of Investor Relations        +44 (0) 20 7763 7177
www.globalenergyplc.com                                +44 (0) 7909918034
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                      This information is provided by RNS
            The company news service from the London Stock Exchange

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