Global Energy rises on production gains

The South America focused petroleum firm Global Energy Development has cashed in on the rising oil price and boosted production.

The South America focused petroleum firm Global Energy Development has cashed in on the rising oil price and boosted production.

Revenues for 2011 were £43.1m, up 81% on 2010, while production came in at 519,000 barrels, a rise of 29% on the prior year.

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