2009-08-19-2007-10-01

Received unsolicited takeover bids.

London-based Global Energy Development Plc, (London AIM: GED), whose common shares are held 34% by HKN Energy Inc. (fka Harken Energy Corp.), Dallas, (Amex: HKN) has received several unsolicited expressions of takeover interest from undisclosed parties. Global is an E&P company focused on Latin America, primarily Colombia, Panama and Peru. Assets include proved and possible reserves of 19.4 million barrels of oil equivalent, with 81.8 million barrels of oil equivalent possible. They currently hold nine contracts controlling approximately 3.4 million acres. Global reports, "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." Landsbanki Securities (UK) Ltd. is financial advisor to Global.