GED Global Energy

RNS Number:9751I
Global Energy Development PLC
14 September 2006


For Immediate Release                                        14 September 2006



                         GLOBAL ENERGY DEVELOPMENT PLC

                               SHARE OPTION GRANT



Global Energy Development PLC ("Global" or the "Company") announces that on 13
September 2006 under the Company's Share Option Scheme an aggregate of 325,000
options to subscribe for ordinary shares of 1 pence in the Company were granted
to two senior management employees of the Company all at an exercise price of
174.5 pence per share option, this being equal to the average closing mid-market
price per ordinary share for the five business days preceding the grant date.



All the share options vest over a period of three years, with one third vesting
on each anniversary of the grant.  Once vested the share options may be
exercised through to the tenth anniversary of the grant date unless the grantee
ceases being an employee of the Company in which instance the options expire two
calendar years after the date the individual ceases to be an employee of the
Company.





For further information



Global Energy Development PLC                + 44 (0) 20 7763 7128 
www.globalenergyplc.com                      Catherine Miles, Company Secretary






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

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