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
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
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
ADVANTAGE OIL & GAS LTD COM 00765F101 539 98,100 SH   DFND 1,2 98,100 0 0
ALAMOS GOLD INC NEW COM CL A 011532108 551 104,200 SH   DFND 1,2 104,200 0 0
ALBEMARLE CORP COM 012653101 1,755 27,450 SH   DFND 1,2 27,450 0 0
ANADARKO PETE CORP COM 032511107 9,128 196,003 SH   DFND 1,2 196,003 0 0
ANADARKO PETE CORP COM 032511107 1,444 31,000 SH Call DFND 1,2 31,000 0 0
ANTERO RES CORP COM 03674X106 1,446 58,150 SH   DFND 1,2 58,150 0 0
ASANKO GOLD INC COM 04341Y105 679 318,900 SH   DFND 1,2 318,900 0 0
CABOT OIL & GAS CORP COM 127097103 4,770 210,022 SH   DFND 1,2 210,022 0 0
CHENIERE ENERGY INC COM NEW 16411R208 770 22,750 SH   DFND 1,2 22,750 0 0
COBALT INTL ENERGY INC NOTE 2.625%12/0 19075FAA4 1,038 2,000,000 PRN   DFND 1,2 2,000,000 0 0
CONCHO RES INC COM 20605P101 5,337 52,817 SH   DFND 1,2 52,817 0 0
CONTINENTAL RESOURCES INC COM 212015101 4,880 160,750 SH   DFND 1,2 160,750 0 0
DIAMONDBACK ENERGY INC COM 25278X109 5,877 76,150 SH   DFND 1,2 76,150 0 0
DOMINION DIAMOND CORP COM 257287102 2,691 242,650 SH   DFND 1,2 242,650 0 0
ENERGEN CORP COM 29265N108 4,235 115,730 SH   DFND 1,2 115,730 0 0
EOG RES INC COM 26875P101 2,280 31,407 SH   DFND 1,2 31,407 0 0
EQT CORP COM 26884L109 4,925 73,218 SH   DFND 1,2 73,218 0 0
FRANCO NEVADA CORP COM 351858105 1,903 31,000 SH   DFND 1,2 31,000 0 0
FREEPORT-MCMORAN INC CL B 35671D857 727 70,306 SH   DFND 1,2 70,306 0 0
GENER8 MARITIME INC COM Y26889108 2,501 354,200 SH   DFND 1,2 354,200 0 0
GOLAR LNG LTD BERMUDA SHS G9456A100 2,167 120,565 SH   DFND 1,2 120,565 0 0
GOLDCORP INC NEW COM 380956409 2,453 151,150 SH   DFND 1,2 151,150 0 0
GRAN TIERRA ENERGY INC COM 38500T101 1,288 521,649 SH   DFND 1,2 521,649 0 0
HALLIBURTON CO COM 406216101 3,811 106,701 SH   DFND 1,2 106,701 0 0
HUDBAY MINERALS INC COM 443628102 1,439 391,000 SH   DFND 1,2 391,000 0 0
INTEROIL CORP COM 460951106 4,455 139,950 SH   DFND 1,2 139,950 0 0
ISHARES SILVER TRUST ISHARES 46428Q109 1,402 95,500 SH   DFND 1,2 95,500 0 0
ISHARES SILVER TRUST ISHARES 46428Q109 1,116 76,000 SH Call DFND 1,2 76,000 0 0
PDC ENERGY INC COM 69327R101 3,092 52,009 SH   DFND 1,2 52,009 0 0
PIONEER NAT RES CO COM 723787107 4,620 32,824 SH   DFND 1,2 32,824 0 0
PRETIUM RES INC COM 74139C102 568 106,100 SH   DFND 1,2 106,100 0 0
RANGE RES CORP COM 75281A109 2,671 82,477 SH   DFND 1,2 82,477 0 0
RIO TINTO PLC SPONSORED ADR 767204100 1,004 35,519 SH   DFND 1,2 35,519 0 0
RSP PERMIAN INC COM 74978Q105 5,510 189,750 SH   DFND 1,2 189,750 0 0
SCHLUMBERGER LTD COM 806857108 4,499 61,000 SH   DFND 1,2 61,000 0 0
SILVER WHEATON CORP COM 828336107 1,614 97,350 SH   DFND 1,2 97,350 0 0
TEXAS PAC LD TR SUB CTF PROP I T 882610108 1,694 11,642 SH   DFND 1,2 11,642 0 0
WHITING PETE CORP NEW COM 966387102 662 82,950 SH   DFND 1,2 82,950 0 0