- Oil company investor Riverstone Energy said it made a $33.3m profit in the third quarter after it realised investments in Carrier Energy Partners, Three Rivers Natural Resources and Rock Oil.

For the three months through September, the company's net asset value per share was $21.03 and £16.14 in sterling terms.

'Riverstone Energy has just celebrated its fifth anniversary of listing, and since that time, it has performed well in the background of oil price volatility and a prolonged downturn of natural gas prices,' chairman Richard Hayden said.

'The tender offer gives all eligible shareholders an opportunity to exit part of their shareholding in the company.'

'The board remains positive about the value in the current portfolio, which continues to benefit from positive market conditions.'

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