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Riverstone Energy Ltd (RSER.L)

RSER.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Riverstone Energy to sell stake in Rock Oil Holdings to SM Energy
Monday, 8 Aug 2016 07:10am EDT 

Riverstone Energy Ltd : Has agreed to sale of 100 pct of membership interests in Rock Oil Holdings Llc to SM Energy Company (NYSE: SM), a U.S.-based E&P company . Under terms of transaction, Riverstone will realize gross cash proceeds of approximately $237 mln . Since formation, Rock Oil has entered into a series of acquisitions to establish a position of c.24,783 net acres in midland basin of Permian .Closing of sale is expected to occur in early October.  Full Article

Riverstone Energy Ltd announces launch of proposed placing and open offer
Monday, 23 Nov 2015 02:00am EST 

Riverstone Energy Ltd:Intends to raise about 65 million pounds through a placing and open offer.Says that it intends to increase its stake in Canadian International Oil Corp (CIOC), an existing portfolio company, by up to $67 million, equivalent to about 20 pct. of REL's enlarged gross assets, pursuant to a tender offer for outstanding shares and warrants of CIOC (thetender offer).Says that the company currently owns, indirectly through an entity ultimately controlled by Riverstone Holdings LLC, 14 pct. of CIOC.Says this will increase to 16 pct. as a result of recent investments due to complete in early Dec. 2015.  Full Article

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