Last checked at 
LONDON (Alliance News) - Riverstone Energy Ltd Wednesday said it invested a further USD105.0 million in the third quarter of 2015 and reported a rise in net asset value.
The investment company reported a net asset value per share of USD16.30 in the third quarter ended September 30, up from USD16.19 per share at the end of September 2014. That is also up from USD16.36 per share at the end of June 2015.
Riverstone made a basic USD4.9 million loss in the quarter, swinging from a USD13.4 million profit a year ago, which equates to a 6.44 cents loss per share from a 18.85 cents per share profit.
"During the last year the oil price has approximately halved. We believe that the lower oil price environment provides an exceptional opportunity for Riverstone Energy and we are happy to see a further USD105.0 million of new investment during this quarter. The company's net asset value per share stands at USD16.30 per share, marginally up on 12 months ago and down by just 6.0 cents during the last quarter," said Chairman Robert Wilson.
Riverstone said it invested a total of USD105.0 million during the quarter, spread over seven companies. At the end of September, total invested funds stood at USD600.0 million. Total committed capital stands at USD1.30 billion at the end of September.
Riverstone shares were down 0.6% to 840.0 pence per share on Wednesday morning.
By Joshua Warner; joshuawarner@alliancenews.com; @JoshAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.
