Global Energy Development PLC ("Global" or the "Company") is a petroleum exploration and production company focused on Latin America, an area in which the management team has decades of operating experience and in which they have pursued a long-term strategy of finding and developing reserves.

The Company holds seven contracts in the countries of Colombia, Peru and Panama.

The Company’s balanced portfolio of contracts comprises a base of production, development drilling and workover opportunities and several high-potential exploration projects.

Ryder Scott Company, LP ("Ryder Scott"), the petroleum consultancy firm, independently audit the Company’s portfolio of contracts and reserves yearly. Ryder Scott reported that as at 31 December 2007 within the Company’s portfolio proved plus probable reserves ("2P reserves") net to the Company totalled 15.2 million barrels of oil equivalent ("BOE") and that proved plus probable plus possible reserves ("3P reserves") net to the Company totalled 64.9 million BOE.

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 operates in Colombia through its wholly-owned subsidiary Harken de Colombia Limited.