Proceedings

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IN THE MATTER OF THE SECURITIES ACT
R.S.O. 1990, c. S.5, AS AMENDED


IN THE MATTER OF

GLOBAL ENERGY GROUP, LTD. AND NEW GOLD LIMITED PARTNERSHIPS

TEMPORARY ORDER
Section 127(1) & 127(5)


WHEREAS it appears to the Ontario Securities Commission that:

1. Global Energy Group, Ltd. (“Global Energy”) is a corporation that purports to be registered in the Bahamas but appears to be operating out of an number of offices in Toronto, Ontario and Concord, Ontario;

2. The New Gold Limited Partnerships (the “New Gold Partnerships”) purport to be a series of limited liability partnerships situated in the state of Kentucky and the Bahamas;

3. Neither Global Energy nor the New Gold Partnerships are registered with the Commission to trade in securities;

4. The units of the New Gold Partnerships have been sold to members of the public by officers, directors, employees and/or agents of Global Energy and the New Gold Partnerships;

5. Staff of the Commission (“Staff”) are conducting an investigation into the trading of the units of the New Gold Partnerships and based on the information collected by Staff to date, it appears that persons related to Global Energy and the New Gold Partnerships have been engaged in the business of trading securities in Ontario without being registered pursuant to the Securities Act, R.S.O. 1990, c. S.5, as amended (the “Act”);

6. No prospectus receipt has been issued for the securities of the New Gold Partnerships pursuant to section 53 of the Act.

7. No exemption from the registration and prospectus requirements under the Act applies to the trading in securities of the New Gold Partnerships.

8. The Staff investigation has revealed that false or misleading information was contained in materials related to the sale of the securities of the New Gold Partnerships contrary to s.126.1 of the Act.

AND WHEREAS the Commission is of the opinion that the time required to conclude a hearing could be prejudicial to the public interest as set out in s. 127(5) of the Act;

AND WHEREAS the Commission is of the opinion that it is in the public interest to make this order;

AND WHEREAS by Commission order made April 1, 2008 pursuant to section 3.5(3) of the Act, any one of W. David Wilson, James E.A. Turner, Lawrence E. Ritchie, Paul K. Bates and David L. Knight, acting alone, is authorized to make orders under section 127 of the Act;

IT IS ORDERED pursuant to clause 2 of subsection 127(1) of the Act that all trading by Global Energy and the New Gold Partnerships and their officers, directors, employees and/or agents in securities of the New Gold Partnerships shall cease;

IT IS FURTHER ORDERED that pursuant to subsection 127(6) of the Act this order shall take effect immediately and shall expire on the fifteenth day after its making unless extended by order of the Commission.

Dated at Toronto this 10th day of July, 2008


" James E. A. Turner "