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 690 98,100 SH   DFND 1,2 98,100 0 0
ALAMOS GOLD INC NEW COM CL A 011532108 854 104,200 SH   DFND 1,2 104,200 0 0
ALBEMARLE CORP COM 012653101 2,347 27,450 SH   DFND 1,2 27,450 0 0
ANADARKO PETE CORP COM 032511107 9,048 142,803 SH   DFND 1,2 142,803 0 0
ANADARKO PETE CORP COM 032511107 1,964 31,000 SH Call DFND 1,2 31,000 0 0
ANTERO RES CORP COM 03674X106 1,567 58,150 SH   DFND 1,2 58,150 0 0
ANTERO RES CORP COM 03674X106 1,407 52,200 SH Call DFND 1,2 52,200 0 0
ASANKO GOLD INC COM 04341Y105 1,084 258,200 SH   DFND 1,2 258,200 0 0
ASPEN AEROGELS INC COM 04523Y105 474 79,600 SH   DFND 1,2 79,600 0 0
CABOT OIL & GAS CORP COM 127097103 4,575 177,322 SH   DFND 1,2 177,322 0 0
CF INDS HLDGS INC COM 125269100 835 34,300 SH   DFND 1,2 34,300 0 0
CHENIERE ENERGY INC COM NEW 16411R208 1,973 45,250 SH   DFND 1,2 45,250 0 0
COBALT INTL ENERGY INC NOTE 2.625%12/0 19075FAA4 1,015 2,000,000 PRN   DFND 1,2 2,000,000 0 0
CONCHO RES INC COM 20605P101 4,988 36,317 SH   DFND 1,2 36,317 0 0
CONTINENTAL RESOURCES INC COM 212015101 7,828 150,650 SH   DFND 1,2 150,650 0 0
DENBURY RES INC COM NEW 247916208 1,508 467,015 SH   DFND 1,2 467,015 0 0
DIAMOND OFFSHORE DRILLING IN COM 25271C102 1,250 71,000 SH   DFND 1,2 71,000 0 0
DIAMONDBACK ENERGY INC COM 25278X109 6,309 65,350 SH   DFND 1,2 65,350 0 0
DOMINION DIAMOND CORP COM 257287102 1,042 106,950 SH   DFND 1,2 106,950 0 0
EARTHSTONE ENERGY INC COM NEW 27032D205 1,455 169,200 SH   DFND 1,2 169,200 0 0
ENERGEN CORP COM 29265N108 5,093 88,230 SH   DFND 1,2 88,230 0 0
ENSCO PLC SHS CLASS A G3157S106 755 88,800 SH   DFND 1,2 88,800 0 0
EOG RES INC COM 26875P101 3,037 31,407 SH   DFND 1,2 31,407 0 0
EQT CORP COM 26884L109 4,097 56,418 SH   DFND 1,2 56,418 0 0
FRANCO NEVADA CORP COM 351858105 2,166 31,000 SH   DFND 1,2 31,000 0 0
GOLAR LNG LTD BERMUDA SHS G9456A100 2,147 101,265 SH   DFND 1,2 101,265 0 0
GRAN TIERRA ENERGY INC COM 38500T101 610 202,794 SH   DFND 1,2 202,794 0 0
HALLIBURTON CO COM 406216101 3,034 67,601 SH   DFND 1,2 67,601 0 0
HUDBAY MINERALS INC COM 443628102 1,548 391,000 SH   DFND 1,2 391,000 0 0
INTEROIL CORP COM 460951106 7,126 139,950 SH   DFND 1,2 139,950 0 0
ISHARES SILVER TRUST ISHARES 46428Q109 1,738 95,500 SH   DFND 1,2 95,500 0 0
JONES ENERGY INC COM CL A 48019R108 1,595 448,100 SH   DFND 1,2 448,100 0 0
NATIONAL OILWELL VARCO INC COM 637071101 1,980 53,900 SH   DFND 1,2 53,900 0 0
NEVSUN RES LTD COM 64156L101 227 75,000 SH   DFND 1,2 75,000 0 0
NOBLE CORP PLC SHS USD G65431101 743 117,200 SH   DFND 1,2 117,200 0 0
OASIS PETE INC NEW COM 674215108 3,167 276,134 SH   DFND 1,2 276,134 0 0
PDC ENERGY INC COM 69327R101 2,603 38,809 SH   DFND 1,2 38,809 0 0
PIONEER NAT RES CO COM 723787107 5,091 27,424 SH   DFND 1,2 27,424 0 0
PRETIUM RES INC COM 74139C102 1,090 106,100 SH   DFND 1,2 106,100 0 0
RANGE RES CORP COM 75281A109 1,956 50,477 SH   DFND 1,2 50,477 0 0
RIO TINTO PLC SPONSORED ADR 767204100 1,186 35,519 SH   DFND 1,2 35,519 0 0
ROWAN COMPANIES PLC SHS CL A G7665A101 764 50,400 SH   DFND 1,2 50,400 0 0
RSP PERMIAN INC COM 74978Q105 5,579 143,850 SH   DFND 1,2 143,850 0 0
SCHLUMBERGER LTD COM 806857108 3,743 47,600 SH   DFND 1,2 47,600 0 0
SILVER WHEATON CORP COM 828336107 2,631 97,350 SH   DFND 1,2 97,350 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 28,660 132,500 SH Put DFND 1,2 132,500 0 0
SPDR SERIES TRUST S&P OILGAS EXP 78464A730 19,230 500,000 SH Put DFND 1,2 500,000 0 0
TAHOE RES INC COM 873868103 625 48,700 SH   DFND 1,2 48,700 0 0
TEXAS PAC LD TR SUB CTF PROP I T 882610108 2,113 8,828 SH   DFND 1,2 8,828 0 0
TRANSOCEAN LTD REG SHS H8817H100 763 71,600 SH   DFND 1,2 71,600 0 0
WEATHERFORD INTL PLC ORD SHS G48833100 3,590 638,800 SH   DFND 1,2 638,800 0 0
WHITING PETE CORP NEW COM 966387102 1,566 179,150 SH   DFND 1,2 179,150 0 0