Drilling Report

RNS Number:4178H
Global Energy Development PLC
12 February 2003

Immediate release                                            12 February 2003



                         Global Energy Development PLC


GLOBAL COMMENCES DRILLING OPERATIONS ON CAJARO #1 IN COLOMBIA


Global Energy Development PLC ("Global" or the "Group"), the petroleum
exploration and production company (LSE-AIM: "GED"), announced today that it has
commenced drilling operations for the Cajaro #1 well in the Llanos basin of
Colombia in line with the Group's expected timetable.  The well is located on
Global's 82,752-acre Cajaro Association Contract exploration block.  It is
expected that the well will take up to 25 days to drill and an additional 15
days to complete, if results are favourable.  The Cajaro #1 has a projected
drilling depth of approximately 9,200 feet and will target the Ubaque formation
that has proved to be productive in Global's Estero #1 and Estero #2 wells in
the Palo Blanco field located within Global's Alcaravan Association Contract
Block.





For further information:


Global Energy Development PLC                      001 281 504 6400
Mikel Faulkner, Chairman

Buchanan Communications                            020 7466 5000
Tim Thompson / Catherine Miles                     [e-mail]





Notes to Editors:


Listed on the Alternative Investment Market 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's producing properties and exclusive exploration acreage,
totaling approximately 11,200,000 acres, are located in Latin America.  With a
focus in Latin America, Global believes it is strategically positioned as a
resource to the significant energy demand of North America.



Web site: http://www.globalenergyplc.com




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