Global Energy Development PLC

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For Immediate Release

4 January 2013

GLOBAL ENERGY DEVELOPMENT PLC

(the "Company")

EXERCISE OF OPTIONS

Global Energy Development PLC, the Latin America focused petroleum exploitation, development and production company (LSE-AIM: "GED") announces that it is issuing 5,007 new ordinary shares in the capital of the Company following an exercise of options by a former employee.

Application has been made for the admission of the new ordinary shares to trading on AIM, with dealings expected to commence on 9 January 2013. Following admission of the new ordinary shares, the Company will have 36,112,187 ordinary shares in issue.

For further information:

Global Energy Development PLC

Anna Williams, Finance Director

+001 817 310 0240

awilliams@globalenergyplc.com

www.globalenergyplc.com


Buchanan

Tim Thompson

+44 (0)20 7466 5126

Ben Romney

+44 (0)20 7466 5132

Northland Capital Partners Limited


Louis Castro

+44 (0)20 7796 8800

Lauren Kettle  

Westhouse Securities Limited                                              +44 (0)20 7601 6100

Petre Norton

Andrew Matharu                                                                        


This information is provided by RNS
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