Riverstone Energy Limited (GB:RSE) has released an update.
Riverstone Energy Limited reported a mixed financial performance for the first half of 2024, with a decline in NAV from $674 million to $459 million and a marginal share price decrease. The company realized $5.3 million from legacy conventional strategies, yet faced a write-off of $3.5 million for FreeWire’s commitment. Amidst geopolitical tensions and a resilient global economy, the company acknowledges a challenging path ahead for its decarbonization investments, while conventional energy assets continue to support the portfolio.
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