INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2007

19 SEPTEMBER 2007

DISCLAIMER

Some statements contained in this presentation or in documents referred to in it are or may be forward-looking statements. Actual results may differ from those expressed in such statements, depending on a variety of factors. Past performance of Global Energy Development PLC or its shares is not a guide to future performance. Any forward-looking information contained in this presentation has been prepared on the basis of a number of assumptions which may prove to be incorrect, and accordingly, actual results may vary.

This presentation does not constitute, or form part of or contain any invitation or offer to any person to underwrite, subscribe for, otherwise acquire, or dispose of any shares in Global Energy Development PLC or advise persons to do so in any jurisdiction, nor shall it, or any part of it, form the basis of or be relied on in any connection with or act as an inducement to enter into any contract or commitment therefore. No reliance may be placed for any purpose whatsoever on the information or opinions contained in this presentation or on its completeness and no liability whatsoever is accepted for any loss howsoever arising from any use of this presentation or its contents otherwise in connection therewith.

This presentation has been prepared in compliance with English law and English courts will have exclusive jurisdiction over any disputes arising from or connected with this presentation.

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COMPANY OVERVIEW

• An established petroleum exploration and production company focused in Latin America

• Management team with long history in Latin America (over 15 years):

Mikel Faulkner, Executive Chairman

Stephen Voss, Managing Director

Guillermo Sanchez, director of International Negotiations / Business Development

Francisco Suarez, director of Exploitation / General Manager of Colombian Operations

Jennifer Hance, Finance director

Catherine Miles, Company Secretary / Corporate Development

• Comprehensive network of employees and consultants built up over many years

Offices located in Bogotá (Colombia), Houston (USA), Lima (Peru) and London (UK)

• Shares admitted to trading on AIM in March 2002 at 50p

Closing mid-market price range since 1 January 07: 82.5p – 140.0p (as at 17 September 07)

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COMPANY FOCUS – LATIN AMERICA

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• Build ‘energy’ asset value by contracting and developing pre-eminent areas of Latin America:

Focus on Colombia, Peru and Panama

• Colombia & Peru independently rated two of the best countries in Latin America and ranked top quartile in the world:

“Lat-Am offers world-class E&P opportunities especially for niche players…..Colombia modified its hydrocarbons law and contract terms in 2003/2004 making the country one of the most attractive in Lat-Am…Peru has many prospective basins and in 2003 instituted a much improved royalty

system” Source: IHS, March 07

• Highly favourable new contract terms and Good Prospectivity

Royalties of 5% to 8%, no signature bonus, private treaty negotiations

“Colombia remains relatively unexplored. More than 80% of the country’s territory remains unexplored” Source: National Hydrocarbons Agency of Colombia, Feb 07

“Of Peru’s 18 basins, 7 basins are still unexplored and 4 basins are under-explored” Source: PeruPetro S.A., Dec 06

• Low Political and Economic risk with stable industry history - unbroken history of contract sanctity

“Colombia has one of the most stable economies in Latin America, keeping a steady growth rate over the last few decades” Source: PricewaterhouseCoopers, 2006

“Election results in 2006 in Peru and Colombia have been more positive than expected…..Garcia’s victory in Peru is a positive for investors………Uribe won Colombia’s May election with a stronger than expected mandate and the positive turnaround for Colombia continues apace” Source: Schroders, Nov 06

INTENSE RECENT COMPETITION FEWER HIGH QUALITY CONTRACTS AVAILABLE

ENERGY BOOM SET TO CONTINUE

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High Oil Prices

FACTORS CONSIDERED LIKELY TO LEAD TO HIGH / HIGHER OIL PRICES

Strong Economic GrowthLimited OPEC

Surplus Capacity

Strong Seasonal Product Demand

China’s Pent-UpDemand

Infrastructure LimitationsRisks To Supply

OPEC’s Conservative Management Style

Rising F&D Costs

Under Investment

Speculators

Weak U.S. $

• Alternative fuels considered by some a non-factor:

“Most experts agree that emerging renewables like wind, solar and biofuels will only contribute c 2% of the world’s total energy needs in 2030” Source: Chairman of ExxonMobil, Feb 07

• Depleting resources through under-investment / giant producing fields now old and declining:

“Large number of the giant older fields which anchor the world’s hydrocarbon production base have now started to decline” Source: Matthew Simmons / Author of Twilight in the Desert, Oct 06

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Contracts held:

FOOTPRINT STRATEGY

COLOMBIA

PERU

“Following in the footprints ( ) of the majors”

Global has evaluated and contracted acreage held by the ‘majors’ decades ago.

Strong historical data from previous activity provides an increased level of confidence.

PANAMA

1 Bolivar - Exxon, 1950s-70s2 Bocachico - Chevron/Texaco, 1950s-60s 3 Los Sauces - Elf

4 Rio Verde - Elf5 Luna Llena - Oxy/ Shell, 1980s6 Alcaravan - Texaco

7 Los Hatos - Texaco8 Block 95 - Amoco, 1970s9 Garachine - Gulf Oil/Sinclair Oil/

local companies, 1920s-70s

Known producing basins

RESERVES VALUED BY RYDER SCOTTOil and gas reserves originally are based on a geologic concept, defined by seismic, discovered by drilling and confirmed by production. This sequence of development is reflected in 4 chronological categories of reserves:

Potential (P4), Possible (P3), Probable (P2), Proved (P1)

NEW RESERVE REPORT DATED 31 DECEMBER 2006

INCREASE IN ALL CATEGORIES OVER 2005

Note:Utilising production history, geologic data and industry standard development practices these reserves have been audited by one of the world’s leading reserve engineering companies, Ryder Scott Company, based upon an approximate Brent Price of $60.14

$60.14 was the closing Brent Price as at 29 December 2006, the closest to the date of the Reserve Report

Geologicalconcept

Negotiate contract

Evaluate Acreage Inventory

Independent Scientific Evaluation (Ryder Scott)

211,210,000 “Potential”

barrels

62,351,000 “Possible”

barrels

P4 P3 P2 P1

13,870,000 “Probable”

barrels

5,540,000 “Proved”

barrels

c 400,000 barrels

“Production”

$1.25 billionNPV @ 10%

$299 million NPV @ 10%

$128 million NPV @ 10%

9 contracts in Colombia, Peru and

Panama

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SUMMARY OF ASSETS & RESERVES / RESOURCES

Contract / TEA Name ¹

Status P1 + P2 + P3 (as at Dec 06) ²

P1 + P2 + P3 (as at Dec 05) ²

Exploration Potential Resources (P4) (as at 1 July 06) ³

Risked, Most Likely Case Recoverable Barrels of Gross Resources

Alcaravan & Los Hatos (Colombia)

Production & Development

4.1 million BOE 4.7 million BOE -

Block 95 (Peru) Exploration 21.7 million BOE 21.5 million BOE 162.97 million BOE

Bocachico (Colombia)

Production & Development

4.4 million BOE 5.4 million BOE -

Bolivar (Colombia) Production, Development & Exploration

46.1 million BOE 33.5 million BOE 25.03 million BOE

Garachine (Panama)

Exploration - signed June 07 - signed June 07 18.67 million BOE

Los Sauces (Colombia)

Exploration - no activity in 06 - signed March 06 1.49 million BOE

Luna Llena (Colombia)

Exploration 0.3 million BOE 0.3 million BOE 3.05 million BOE

Rio Verde (Colombia)

Production, Development & Exploration

5.2 million BOE 2.1 million BOE -

Total 81.8 million BOE 67.5 million BOE 211.21 million BOE

¹ All contracts currently 100% owned by Global BOE – barrels of oil equivalent

² Proved plus Probable plus Possible Reserves independently reported by Ryder Scott Company, LP as at 31 Dec 05 and 31 Dec 06

³ Risked, Most Likely case recoverable barrels of gross resources independently reported by Ryder Scott Company, LP as at 1 July 2006 7

FINANCIAL RESULTS - SINCE LISTING ON AIM

Year 2002

Year 2003

Year2004

Year2005

Year 2006*

H1 2006*

H1 2007

Turnover $7,619,000 $8,556,000 $10,974,000 $19,045,000 $21,053,000 $9,006,000 $10,954,000

Gross Profit

$1,890,000 $3,239,000

$5,349,000 $9,344,000 $10,356,000 $3,603,000 $5,611,000

Profit Before Tax

($1,901,000)

$797,000

$3,127,000 $4,817,000 $3,967,000 $1,064,000 $2,333,000

Net Income ($2,502,000) $1,034,000

$2,566,000 $4,102,000 $2,983,000 $581,000 $1,537,000

Capex

$2,825,000 $4,421,000

$8,700,000 $17,890,000 $15,124,000 $10,219,000 $10,310,000

Total Assets $56,090,000 $56,822,000 $63,727,000 $82,510,000 $94,760,000 $86,024,000 $98,509,000

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* The H1 2007 results are the Company’s first results to be reported in accordance with International Financial Reporting Standards (“IFRS”) and the comparative financial information for the six months ended

30 June 2006, and the year ended 31 December 2006, has been restated accordingly.

Average WTI (per barrel) = $67.02 $61.59

Global’s average cash netback (per barrel) = $23.13 $20.49

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SUMMARY

• Proved plus Probable plus Possible Reserves (“3P”) per Ryder Scott = 81.8 million BOE as at 31 Dec 06 (an 21.1% increase over 2005)

• Proved plus Probable reserves replacement ratio for 2006 = 582% (2005: 332%)

• Global’s average finding & development cost 2004 to 2006 = c $10 per BOE

• Diverse acreage portfolio with history of activity by the ‘majors’ - footprint strategy

• Profitable with cash flow from production directed towards capital expenditure

• Partnering efforts progressed

• RNS announcement dated 13 September 2007:

“Global Energy Development PLC (“Global” or the “Company”), the Latin America focused petroleum exploration and production company (LSE-AIM: “GED”), announces that it has received several unsolicited expressions of interest from separate parties which may or may not lead to an offer or offers being made for the Company. The Company is making this announcement as a result of the number of unsolicited approaches made, in accordance with Rule 2.2(e) of The City Code on Takeovers and Mergers. The Board of the Company is currently evaluating these expressions of interest, which have mostly arisen out of commercial discussions the Company has been conducting over recent months with potential partners for its projects, and further announcements in respect of any potential offer will be made by the Company in due course.”

APPENDICES

CORPORATE DATA

Shares in issue = 35,328,428 (as at 17 September 07)

4,325,196 Options Outstanding:

Options range from 50p to 265.1p

All options held by current Board of Directors and current Senior Management

Notes convertible into 4,565,027 shares:

Nov05: US$5,798,000 worth of convertible notes outstanding - fixed exchange rate of $1.78, 305.8p conversion price = 1,065,174 shares

Dec06: US$11,903,000 worth of convertible notes - fixed exchange rate of $1.90, 179p conversion price = 3,499,853 shares

Shares in issue on fully diluted basis = 44,218,651

Advisers:

NOMAD and Broker - Landsbanki (UK) Securities

Auditors - BDO Stoy Hayward LLP

Solicitors - Norton Rose LLP

Independent petroleum engineers - Ryder Scott Company, LP

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INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2007

19 SEPTEMBER 2007