Interim report
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Riverstone Energy Limited Final results for the half year ended 30 June 2021 & update on share buyback programme London , UK ( 18 August 2021 ) - Riverstone Energy Limited ( " REL " or the " Company " ) announces its Half Year Results for the 6 - month period from 1 January 2021 to 30 June 2021 ( the " Period ” ) . Summary Performance 30 June 2021 NAV NAV per share Profit / ( loss ) for Period ended Basic profit / ( loss ) per share for Period ended Market capitalization Share price $ 582 million ( £ 420 million ) ¹ $ 9.46 / £ 6.83¹ $ 198.13 million 316.29 cents $ 295 million ( £ 213 million ) ¹ $ 4.79 / £ 3.46¹ Highlights § As of 30 June 2021 , REL had a NAV per share of $ 9.46 ( £ 6.83 ) , representing an increase in USD and GBP of 53 and 50 per cent . , respectively , compared to the 31 December 2020 NAV . § Centennial , Hammerhead and ILX III were the largest drivers of REL's NAV improvement over the Period . § During the half year ended 30 June 2021 , the Company invested $ 36 million in four new energy transition investments , bringing the total invested in this area to $ 54 million , which , in aggregate , were valued at $ 74 million , or 1.4x Gross MOIC , at 30 June 2021 . § Total invested capital during the Period of $ 47.3 million : GoodLeap , LLC ( formerly Loanpal , LLC ) ( $ 25.0 million ) , FreeWire Technologies , Inc. ( $ 10.0 million ) , Onyx Power ( $ 7.0 million ) , ILX Holdings III , LLC ( $ 4.2 million ) , Decarbonization Plus Acquisition Corp II ( $ 0.6 million ) and Decarbonization Plus Acquisition Corp III ( $ 0.5 million ) . The investments in Decarbonization Plus Acquisition II and Decarbonization Plus Acquisition III were sponsor equity and warrants , which were purchased at US $ 1.50 per warrant . §Total net realisations and distributions during the Period of $ 7.6 million : Castex Energy 2014 , LLC ( $ 6.1 million ) , Meritage Midstream Services III , L.P. ( $ 2.3 million ) , GoodLeap , LLC ( formerly Loanpal , LLC ) ( $ 0.6 million ) and Ridgebury H3 , LLC ( $ 0.3 million ) , offset by a contingent earnout payment of $ 1.7 million related to the 2019 sale of Sierra Oil & Gas . § REL made a $ 20 million commitment to Decarbonization Plus Acquisition Corporation III through a PIPE investment that is expected to be completed in conjunction with the business combination with Solid Power , Inc. in Q4 2021 .