Global Energy Development PLC is a petroleum exploration and production company focused on Latin America. The Company has operations in Colombia and Peru. On March 23, 2011, it held six contracts five in Colombia and one in Peru. As of December 31, 2010, the Company produced 401,379 barrels of oil. During the financial year ended December 31, 2010, it executed farm-out agreement with Gran Tierra Energy, Inc. (GTE) in relation to a 60% interest in the Peruvian Block 95 Licence Contract (the Contract) with the Company retaining 40% interest in the contract through its wholly owned subsidiary Harken del Peru Limitada. The Company�s subsidiaries include Colombia Energy Development Co. (f/k/a Harken de Colombia Ltd.), Harken South America, Ltd., Harken de Peru Holdings, Ltd., Harken del Peru Limitada, Harken de Panama Holdings, Ltd., Harken de Panama Ltd. and Global Energy Management Resources Inc.