RNS Number:9724R
Global Energy Development PLC
29 September 2005




Immediate Release                                             29 September 2005

                         GLOBAL ENERGY DEVELOPMENT PLC

                              Exercise of Options

Global Energy Development PLC (the "Company") announces that following receipt
of notices to exercise options at an exercise price of 50p, the Company has
allotted and issued credited as fully paid 75,000 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 5 October 2005.
The new ordinary shares will rank pari passu with the existing shares of the
Company.

Following admission, the issued share capital of the Company will be 35,205,430
ordinary shares.


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

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