I need to Extend the LVM on one server. This is the df -h result.
Filesystem Size Used Avail Use% Mounted on
/dev/cciss/c0d0p2 58G 26G 29G 48% /
/dev/mapper/VolGroup00-LogVol00
476G 86G 366G 19% /u001/app/oracle
/dev/cciss/c0d0p1 487M 17M 445M 4% /boot
tmpfs 16G 730M 16G 5% /dev/shm
And I need to extend /dev/mapper/VolGroup00-LogVol00 from 475G to 700G. I have enough space to do this.
Any suggestions? Please mention all steps and prerequisites
Further Details
Before I go and apply this on actual server. I first plan to do this on a virtual machine. So I installed 5.6 on VirtualBox and assigned 25GB for installation.
df -h result:

And when I used the command
lvextend -L +500M /dev/mapper/VolGroup00-LogVoll00
its reply was “insufficient space”.
Although there is uninitialized space ready to be used.
Seems it didn't work. Please advice whats wrong here.
Output of vgs and pvs commands

Free PE / Size 0 / 0. – Mikel Dec 12 '12 at 23:43