RNS Number:6389C
Global Energy Development PLC
22 August 2007


For Immediate Release                                             22 August 2007





                         Global Energy Development PLC

                                (the "Company")



                              Notifiable Interest



A Form TR-1 containing the following information has been received by the
Company.

TR-1:  Notification of Major Interests in Shares

1. Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached:

Global Energy Development PLC

2. Reason for the notification:

An acquisition or disposal of voting rights

3. Full name of person(s) subject to the notification obligation:

BlackRock, Inc.

4. Full name of shareholder(s) (if different from 3):

-

5. Date of the transaction (and date on which the threshold is crossed or
reached if different):

20 August 2007

6. Date on which issuer notified:

21 August 2007

7. Threshold(s) that is/are crossed or reached:

Gone below 5%


8. Notified details:

A: Voting rights attached to shares
Class/type of      Situation previous to Resulting situation after the triggering transaction
shares             the Triggering
                   transaction
If possible using
ISIN CODE
                   Number of  Number of  Number of   Number of voting rights % of voting rights
                   Shares     Voting     shares
                              Rights

                                         Direct      Direct     Indirect     Direct     Indirect


1p Ordinary Shares 1,969,231  1,969,231  N/A         N/A        1,751,029    N/A        4.95%

GB0031461949

B: Financial Instruments
Resulting situation after the triggering transaction


Type of financial Expiration date     Exercise/           Number of voting       % of voting rights
instrument                            Conversion Period/  rights that may be
                                      Date                acquired if the
                                                          instrument is
                                                          exercised/ converted




Total (A+B)
Number of voting rights                              % of voting rights


1,751,029                                            4.95%





9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:

BlackRock Investment Management (UK) Limited - 1,751,029 (4.95%)

10. Name of the Proxy holder:

-

11. Number of voting rights proxy holder will cease to hold:

-

12. Date on which proxy holder will cease to hold voting rights:

-

13. Additional information:

-

14. Contact name:

-

15. Contact telephone number:

-



Annex to Notification of Major Interests in Shares





A: Identity of the person or legal entity subject to the notification obligation



Full name (including legal form for legal entities): BlackRock, Inc.



Contact address (registered office for legal entities): 33 King William Street,
London, EC4R 9AS



Phone number: 020 7743 2098



Other useful information (at least legal representative for legal persons):
Thomas Hone


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

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