RNS Number:5471C
Global Energy Development PLC
05 May 2006


Immediate Release                                                 5 May 2006


                         GLOBAL ENERGY DEVELOPMENT PLC


                              EXERCISE OF OPTIONS


Global Energy Development PLC (the "Company") announces that following receipt
of a notice to exercise options at an exercise price of 151.1p, the Company has
allotted and issued credited as fully paid 4,651 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 11 May 2006. 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 35,328,428
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
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                      This information is provided by RNS
            The company news service from the London Stock Exchange

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