GED Global Energy

RNS Number:2210T
Global Energy Development PLC
27 October 2005


Immediate Release                                                27 October 2005

                          GLOBAL ENERGY DEVELOPMENT PLC
                                        
  POSITIVE TEST RESULTS AND PLACING ON PRODUCTION OF NEW WELL WITHIN LOS HATOS
                                    CONTRACT
                                        
          LOS HATOS CONTRACT PROVIDING AN EXTENSION OF THE ESTABLISHED
                                PALO BLANCO FIELD

Global Energy Development PLC ("Global" or the "Company"), the Latin America
focused petroleum exploration and production company (LSE-AIM: "GED"), is
pleased to announce positive test results from its first exploratory well on the
Los Hatos Exploration and Production Concession Contract area in Colombia,
namely Los Hatos 1.

The Company perforated and tested the Mirador formation of Los Hatos 1 at a
maximum rate of 408 bopd and 700 mcfd with a total maximum rate of 525 boepd of
36 degree API gravity oil. BS&W was only 3%.

Los Hatos 1 will be placed on continuous production in seven days and means that
the Company will have production from five different contracts in Colombia in
addition to holding high-potential exploration acreage positions in Colombia,
Peru and Panama.

The Los Hatos Contract, which was signed in November 2004 and in which Global
owns a 100% working interest, covers 85,000 acres located in the central Llanos
region of Colombia and is adjoined to the Company's established, producing Palo
Blanco field within the Alcaravan Association Contract. The Los Hatos Contract
is subject only to an initial 8% royalty, with the size of the royalty to be
determined by future production levels.

Commenting on the Los Hatos 1 well, Stephen Voss, Global's Managing Director,
said:

"The success of the Los Hatos 1 well within the Los Hatos Contract area has
effectively extended the established, producing Palo Blanco field further to the
south and will bring to five the number of producing contracts the Company
holds. The supplementary production will be important to the Company's cashflow,
which funds workovers and development drilling and exploration activities.

Finding and producing oil in the Mirador formation is especially encouraging as
this formation is producing commercial hydrocarbons from Estero 2, the most
northerly well within the Palo Blanco field, and now Los Hatos 1, the southerly
extension of the Palo Blanco field.

The Company will promptly undertake additional geologic and engineering analysis
to assess the potential additional Mirador reserves throughout both the Los
Hatos and Alcaravan contracts."

For further information:

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

Notes to Editors:

Global currently holds approximately 5.1 million acres through six contracts in
Colombia and Peru, an exclusive Technical Evaluation Agreement ("TEA") in
Colombia and a concluded exclusive TEA in Panama which is in the process of
being converted into an exclusive contract. As at 31 December 2004, Global had
independently reported proved and probable reserves totalling 16.5 million BOE.




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

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