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- THIS ANNOUNCEMENT INCLUDES INSIDE INFORMATION - Riverstone Energy Limited Announces 1Q21 Quarterly Portfolio Valuations & NAV London , UK ( 26 May 2021 ) - Riverstone Energy Limited ( “ REL ” or the “ Company " ) is issuing this Interim Management Statement ( " IMS " ) for the period from 1 January 2021 to 31 March 2021 ( the " Period " ) . Highlights Key Financials ( unaudited ) NAV as at 31 March 2021 NAV per share as at 31 March 2021 Basic profit / ( loss ) per share during Period Market capitalisation at 31 March 2021 Share price at 31 March 2021 $ 492 million ( £ 358 million ) ¹ $ 7.86 / £ 5.72¹ 164.23 cents $ 222 million ( £ 162 million ) ¹ $ 3.54 / £ 2.581¹ Total invested capital during the Period of $ 48 million in Loanpal , LLC ( $ 25 million ) , FreeWire Technologies , Inc. ( $ 10 million ) , Onyx Power ( $ 7 million ) , ILX Holdings III , LLC ( $ 4 million ) , Decarbonization Plus Acquisition Corp II ( $ 0.6 million ) and Decarbonization Plus Acquisition Corp III ( $ 0.5 million ) . Total realisations during the Period of $ 3 million from Meritage Midstream Services III , L.P. , Ridgebury H3 , LLC and Loanpal , LLC , offset by a contingent earnout payment of $ 2 million related to the 2019 sale of Sierra Oil & Gas . REL made a $ 10 million commitment to Decarbonization Plus Acquisition Corporation through a PIPE investment that is expected to be completed in conjunction with the business combination with Hyzon Motors , Inc. in June 2021 . Potential unfunded commitments at 31 March 2021 are $ 72 million , of which $ 37 million is not expected to be funded . Following the announcement on 1 May 2020 of the start of Company's £ 50 million Share Buyback Programme , the Share Buyback Programme successfully completed in March 2021 with a total of 17,214 , 197 ordinary shares having been bought back at an average price of approximately £ 2.90 per ordinary share . On 31 March 2021 , the Company's share price closed at £ 2.58 , representing an increase of ~ 17 per cent . since the initial announcement of the Share Buyback Programme on 1 May 2020. Additionally , the management fee payable at 31 March 2021 was ~ $ 0.8 million lower due to the reduction in NAV as a direct result of the Share Buyback Programme . The Investment Manager's ownership of the Company has decreased during the period of the Share Buyback Programme from 8.35 per cent . to 7.19 per cent . Subsequent Event On 11 May 2021 , the Company announced a further Share Buyback Programme with the intention of returning up to £ 20 million to Shareholders via on market buybacks . Since the announcement , the Company has purchased 215,000 shares , in aggregate , for £ 0.7 million at an average share price of £ 3.19 .