The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
CHAPARRAL ENERGY INC COM CL A 15942R208 50,211 8,808,937 SH   SOLE   8,808,937 0 0
GENCO SHIPPING & TRADING LTD SHS Y2685T131 75,834 10,165,428 SH   SOLE   10,165,428 0 0
OVERSEAS SHIPHOLDING GROUP I CL A NEW 69036R863 5,278 2,304,898 SH   SOLE   2,304,898 0 0
PACIFIC DRILLING SA LUXEMBOU COM L7257P205 272,371 19,323,914 SH   SOLE   19,323,914 0 0
PENN VA CORP NEW COM 70788V102 67,942 1,540,634 SH   SOLE   1,540,634 0 0
SEADRILL PARTNERS LLC COMUNIT REP LB Y7545W109 3,169 3,700,000 SH   SOLE   3,700,000 0 0
SILVERBOW RES INC COM 82836G102 102,959 4,476,462 SH   SOLE   4,476,462 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 313,553 1,110,000 SH Put SOLE   1,110,000 0 0
TERRAFORM PWR INC COM CL A 88104R209 118,225 8,604,416 SH   SOLE   8,604,416 0 0