NAUT.L Regulatory News (NAUT)

10 May 2006 10:09

Global Energy Development PLC10 May 2006 Immediate Release 10 May 2006 GLOBAL ENERGY DEVELOPMENT PLC HARKEN FORM 10-Q Global Energy Development PLC ("Global" or the "Company") announces that HarkenEnergy Corporation ("Harken"), a Delaware corporation and holder of 33.67% ofthe Company's issued ordinary shares of 1 pence each, has filed with theSecurities and Exchange Commission of the United States its Quarterly Report onForm 10-Q for the quarter ended 31 March 2006. Harken's Form 10-Q includescertain financial information, on an United States GAAP basis, with respect tothe Company's operations as under United States accounting and legal regulationsHarken was required to consolidate Global's operations in its financialstatements for the period ended 31 March 2006. Effective from the currentquarter ended 30 June 2006, Harken will no longer have to consolidate Global'soperations. Global announces its financial results on an U.K. GAAP basis andhence the stated financial results contained in the Form 10-Q differ from thoseGlobal reports. For further information: Global Energy Development PLCCatherine Miles, director of Investor Relations +44 (0) 20 7763 7177www.globalenergyplc.com +44 (0) 7909918034 This information is provided by RNS The company news service from the London Stock Exchange