GED Global Energy

RNS Number:7810D
Global Energy Development PLC
13 September 2007


For Immediate Release                                          13 September 2007



                         GLOBAL ENERGY DEVELOPMENT PLC

                          STATEMENT RE POTENTIAL OFFER


Global Energy Development PLC ("Global" or the "Company"), the Latin America
focused petroleum exploration and production company (LSE-AIM: "GED"), announces
that it has received several unsolicited expressions of interest from separate
parties which may or may not lead to an offer or offers being made for the
Company. The Company is making this announcement as a result of the number of
unsolicited approaches made, in accordance with Rule 2.2(e) of The City Code on
Takeovers and Mergers.

The Board of the Company is currently evaluating these expressions of interest,
which have mostly arisen out of commercial discussions the Company has been
conducting over recent months with potential partners for its projects, and
further announcements in respect of any potential offer will be made by the
Company in due course.

The Company will be announcing its interim results for the six months ended 30
June 2007 on 19 September 2007.

Dealing Disclosure Requirements:

Under the provisions of Rule 8.3 of the Takeover Code (the "Code"), if any
person is, or becomes, "interested" (directly or indirectly) in 1% or more of
any class of "relevant securities" of  the offeree company, all "dealings" in
any "relevant securities" of that company (including by means of an option in
respect of, or a derivative referenced to, any such "relevant securities") must
be publicly disclosed by no later than 3.30 pm (London time) on the London
business day following the date of the relevant transaction. This requirement
will continue until the date on which the offer becomes, or is declared,
unconditional as to acceptances, lapses or is otherwise withdrawn or on which
the "offer period" otherwise ends. If two or more persons act together pursuant
to an agreement or understanding, whether formal or informal, to acquire an "
interest" in "relevant securities" of the offeree company, they will be deemed
to be a single person for the purpose of Rule 8.3.

Under the provisions of Rule 8.1 of the Code, all "dealings" in "relevant
securities" of the offeree company by the offeror or the offeree company, or by
any of their respective "associates", must be disclosed by no later than 12.00
noon (London time) on the London business day following the date of the relevant
transaction. A disclosure table, giving details of the companies in whose "
relevant securities" "dealings" should be disclosed, and the number of such
securities in issue, can be found on the Takeover Panel's website at
www.thetakeoverpanel.org.uk. "Interests in securities" arise, in summary, when a
person has long economic exposure, whether conditional or absolute, to changes
in the price of securities. In particular, a person will be treated as having an
"interest" by virtue of the ownership or control of securities, or by virtue of
any option in respect of, or derivative referenced to, securities.

Terms in quotation marks are defined in the Code, which can also be found on the
Panel's website. If you are in any doubt as to whether or not you are required
to disclose a "dealing" under Rule 8, you should consult the Panel.

For further information:

Global Energy Development PLC
Catherine Miles, Company Secretary                         +44 (0) 20 7763 7177
www.globalenergyplc.com                                    +44 (0) 7909918034

Landsbanki Securities (UK) Limtied                         +44 (0) 20 7426 9000
(Financial Adviser to the Company)
Jeff Keating / Fred Walsh






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