RNS Number:4664K
Global Energy Development PLC
29 April 2003

29 April 2003

                           GLOBAL ENERGY DEVELOPMENT PLC

            Global Announces Positive Test Results on its Cajaro 1 Well


Global Energy Development PLC (the "Company"), the petroleum exploration and
production company (LSE-AIM: "GED"), announced today that it has perforated and
tested the Upper Mirador zone from 8263 to 8267 feet in its Cajaro 1 well on the
Company's Cajaro Association Contract in Colombia.  The Upper Mirador zone,
which contains what appears to be 20 feet of producible hydrocarbon thickness,
tested at over 700 gross barrels of oil per day.   Test results indicate a
medium density crude oil, a quality generally desired by oil refineries.  The
measured density of the crude oil was 33 degrees pursuant to the measurement
standards established by the American Petroleum Institute.  The Company expects
to place the Cajaro 1 well on production by May 15, 2003.  Through the discovery
and successful testing of the Upper Mirador zone, the Company has now
established a new producing reservoir in the Company's Palo Blanco field.

Commenting on the Cajaro 1 test results, Stephen C. Voss, Managing Director for
Global Energy Development PLC stated:

"We are pleased with the test results of the Cajaro 1 well and the positive
impact it will have on the Company's future cash flows.  The addition of
production from the Cajaro 1 well will increase the Company's daily production
by 50%.   The test results from the Cajaro 1 well, together with Company's other
developmental properties, high exploration projects and experienced,
enthusiastic management team reinforces our belief that the Company is well
positioned for potential future growth and achievement of value for the
Company's shareholders."


For further information:


Global Energy Development PLC                         www.globalenergyplc.com
Mikel D. Faulkner, Chairman                           001-817-242-2424
Stephen C. Voss, Managing Director                    001-281-504-6400

Buchanan Communications
Tim Thompson/Catherine Miles                          (0044-207) 466-5000



Listed on the Alternative Investment Market (AIM) of the London Stock Exchange,
Global Energy Development PLC is a petroleum exploration and production company
consisting of a Management Team with diversified experience in the international
oil industry.  Global has producing, development and exploration properties in
Latin America.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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