Admission to CREST

2 May 2006 14:37

Global Energy Development PLC02 May 2006 Immediate Release 2 May 2006 GLOBAL ENERGY DEVELOPMENT PLC ADMISSION TO CREST Global Energy Development PLC ("Global" or the "Company"), the Latin Americafocused petroleum exploration and production company (LSE-AIM: "GED"), ispleased to announce that from 8.00am today Global shareholders are able to holdand transfer interests in Global's ordinary shares of 1 pence each within theCREST system. CREST is a paperless settlement system developed for recognized investmentexchanges and used by the London Stock Exchange. CREST trading is expected toreduce the cost of settlement and further facilitate trading of Global's shares. For further information: Global Energy Development PLCCatherine Miles, Director of Investor Relations +44 (0) 20 7763 7177www.globalenergyplc.com +44 (0) 7909918034------------------------------------------------- Notes to Editors: Global has been listed on the AIM Market of the London Stock Exchange sinceMarch 2002 (LSE-AIM: "GED"). The Company currently holds in excess of 5.2million acres through nine contracts in Colombia and Peru, an exclusiveTechnical Evaluation Agreement ("TEA") in Colombia and a concluded exclusive TEAin Panama. Global's portfolio comprises production, developmental drilling andworkover opportunities and several high-potential exploration projects. This information is provided by RNS The company news service from the London Stock Exchange