GED Global Energy

 

TIDMGED 
 
RNS Number : 3238I 
Global Energy Development PLC 
10 March 2010 
 

+-------------------------------+-------------------------------+ 
| Immediate Release             |                 10 March 2010 | 
+-------------------------------+-------------------------------+ 
 
 
                          GLOBAL ENERGY DEVELOPMENT PLC 
                          ("Global" or the "Company") 
 
                                RIG MOBILISATION 
 
Global Energy Development PLC, the Latin America focused petroleum exploration 
and production company (LSE-AIM: "GED"), is pleased to announce that rig 
mobilisation has commenced to the Rio Verde 2 exploratory well within the 
Colombian Rio Verde contract. 
 
The well has a proposed total depth of approximately 12,500 feet and will target 
three different formations - Mirador, Gatcheta and Ubaque - all being proved 
formations with other wells inside the contract area.  The well is expected to 
be spudded late March and drilled, completed and tested prior to May 2010. 
 
For further information: 
 
Global Energy Development PLC 
 
+---------------------------------------+--------------------+ 
| Catherine Miles, Company Secretary    | +44 (0)20 7228     | 
|                                       | 4266               | 
+---------------------------------------+--------------------+ 
| www.globalenergyplc.com               | +44 (0)7909918034  | 
+---------------------------------------+--------------------+ 
 
Matrix Corporate Capital LLP 
+---------------------------------------+--------------------+ 
| Alastair Stratton                     | +44 (0)20 3206     | 
|                                       | 7204               | 
+---------------------------------------+--------------------+ 
| Tim Graham                            | +44 (0)20 3206     | 
|                                       | 7206               | 
+---------------------------------------+--------------------+ 
 
Notes to Editors: 
 
The Company's shares have been traded on AIM, a market operated by the London 
Stock Exchange, since March 2002 (LSE-AIM: "GED"). The Company's balanced 
portfolio covers the countries of Colombia, Peru and Panama and comprises a base 
of production, developmental drilling and workover opportunities and several 
high-potential exploration projects. The Company currently holds seven 
contracts: five in Colombia; one in Peru; and one in Panama. 
 
The information contained within this announcement has been reviewed by Mr. 
Stephen Voss, a Director of the Company, for the purpose of the Guidance Note 
for Mining, Oil and Gas Companies issued by the London Stock Exchange in respect 
of AIM companies which outlines standards of disclosure for natural resource 
projects. Mr. Voss is a Registered Professional Engineer in Texas and has been a 
Member of SPE for 26 years. 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 MSCLLFLRVTIAIII 
 

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