RNS Number:7428Q
Global Energy Development PLC
02 September 2005


Immediate Release                                               2 September 2005

                         GLOBAL ENERGY DEVELOPMENT PLC

                               HOLDING IN COMPANY


Global Energy Development PLC (the "Company"), the Latin America focused
petroleum exploration and production company,  was today notified that Harken
Energy Corporation, a Delaware corporation, has sold 150,000 ordinary shares of
1 pence  each in the Company and now holds 21,655,142 ordinary shares,
representing 61.64% 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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