GED Global Energy

RNS Number:8860W
Global Energy Development PLC
13 January 2006


Immediate Release                                               13 January 2006

                         GLOBAL ENERGY DEVELOPMENT PLC

                   ESTABLISHMENT OF SUBSIDIARY OFFICE IN PERU

                  ANTICIPATED EXPANSION OF PERUVIAN OPERATIONS

Global Energy Development PLC ("Global" or the "Company"), the Latin America
focused petroleum exploration and production company (LSE-AIM: "GED"), is
pleased to announce the establishment of a subsidiary office in the Miraflores
district of Lima, Peru.

The establishment of an office in Lima in addition to the existing subsidiary
office in Bogota, Colombia will enable the Company to more effectively oversee
and escalate activities relating to its existing Block 95 License Contract held
with Perupetro S. A., Peru's state oil company.

In addition, it has been opened in anticipation of Global securing additional
contracts in Peru in the near-term. Global is actively working on securing two
new contracts in Peru and expects to sign one or both of these during the first
half of 2006 and then look to further add to these.

The office is being headed by Medardo Paz, a Peruvian citizen, who graduated as
a Geological Engineer from Universidad San Agustin in Peru, completed post
graduate education in Petroleum Geology at the University of London in England
and received an Administration and Marketing degree from the University of San
Marcos in Lima. He has previously worked for Perupetro S.A., Perez Compac S.A.
and Pluspetrol.

Commenting on the establishment of the subsidiary office in Lima, Stephen Voss,
Global's Managing Director, said:

"The addition of the subsidiary office in Lima reflects not only our current
presence in Peru but also our strong confidence that we will significantly build
on our operations in this country in the near-term.

Peru is one of our three current countries of focus due to the extremely
favourable industry terms that it offers and the outstanding geological
opportunities for the discovery of hydrocarbons. Our existing contract there is
subject only to an initial 5% royalty, with the size of the royalty to be
determined by future production levels, and we expect to replicate this level of
royalty on new 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 has been listed on the AIM Market of the London Stock Exchange since
March 2002. The Company currently holds approximately 5.16 million acres through
eight 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. Global owns 100%
of all its contracts, with five of these contracts currently producing.






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

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