GED Global Energy

RNS Number:0282Z
Global Energy Development PLC
26 June 2007


For Immediate Release                                               26 June 2007


                         GLOBAL ENERGY DEVELOPMENT PLC

                               SHARE OPTION GRANT



Global Energy Development PLC (the "Company") announces that on 13 June 2007
(the "grant date") under the Company's Share Option Scheme an aggregate of
200,000 options to subscribe for ordinary shares of 1 pence in the Company ("
Ordinary Shares") were granted to three senior management employees of the
Company as follows:


Name                                Position                                  Options granted


Ms. Jennifer Hance                  director of Finance                       50,000
Ms. Catherine Miles                 Company Secretary &                       50,000

                                    Head of Corporate Development
Mr. Francisco Suarez                director of Exploitation                  100,000



The options were granted at nil cost and each have an exercise price of 85.7
pence, this being equal to the average closing mid-market price per ordinary
share for the five business days preceding the grant date.



The options granted 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.



Following the grant of these options, the above named senior management
employees' interests in the share capital of the Company is as follows:


Name                                Ordinary Shares                           Options


Ms. Jennifer Hance                  880                                       200,000
Ms. Catherine Miles                 -                                         225,000
Mr. Francisco Suarez                -                                         325,000



This notification is made in accordance with DR 3.1.4R(1)(a) of the Disclosure
Rules.



For further information




Global Energy Development PLC                               + 44 (0)20 7763 7177
Catherine Miles, Company Secretary
www.globalenergyplc.com




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

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