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    <nameOfIssuer>ELLINGTON FINANCIAL LLC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>288522303</cusip>
    <value>4179</value>
    <shrsOrPrnAmt>
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      <Sole>183210</Sole>
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      <None>0</None>
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    <nameOfIssuer>TEEKAY CORPORATION</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>Y8564W103</cusip>
    <value>8199</value>
    <shrsOrPrnAmt>
      <sshPrnamt>201800</sshPrnamt>
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    <votingAuthority>
      <Sole>201800</Sole>
      <Shared>0</Shared>
      <None>0</None>
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    <nameOfIssuer>DHT HOLDINGS INC</nameOfIssuer>
    <titleOfClass>SHS NEW</titleOfClass>
    <cusip>Y2065G121</cusip>
    <value>1523</value>
    <shrsOrPrnAmt>
      <sshPrnamt>339874</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>339874</Sole>
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      <None>0</None>
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  <infoTable>
    <nameOfIssuer>GENERAL ELECTRIC CO</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>369604103</cusip>
    <value>7059</value>
    <shrsOrPrnAmt>
      <sshPrnamt>304400</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>304400</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>BANK OF AMERICA CORPORATION</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>060505104</cusip>
    <value>24378</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1895635</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>1895635</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>BP PLC</nameOfIssuer>
    <titleOfClass>SPONSORED ADR</titleOfClass>
    <cusip>055622104</cusip>
    <value>30331</value>
    <shrsOrPrnAmt>
      <sshPrnamt>726670</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>726670</Sole>
      <Shared>0</Shared>
      <None>0</None>
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    <nameOfIssuer>CISCO SYS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>17275R102</cusip>
    <value>4091</value>
    <shrsOrPrnAmt>
      <sshPrnamt>168100</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>168100</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>GENERAL MTRS CO</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>37045V100</cusip>
    <value>6407</value>
    <shrsOrPrnAmt>
      <sshPrnamt>192356</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>192356</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>HARTFORD FINL SVCS GROUP INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>416515104</cusip>
    <value>18731</value>
    <shrsOrPrnAmt>
      <sshPrnamt>605800</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>605800</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>NGP CAP RES CO</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>62912R107</cusip>
    <value>5301</value>
    <shrsOrPrnAmt>
      <sshPrnamt>864829</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>864829</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
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    <nameOfIssuer>STATOIL ASA</nameOfIssuer>
    <titleOfClass>SPONSORED ADR</titleOfClass>
    <cusip>85771P102</cusip>
    <value>22676</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1096000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>1096000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
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    <nameOfIssuer>XL GROUP PLC</nameOfIssuer>
    <titleOfClass>SHS</titleOfClass>
    <cusip>G98290102</cusip>
    <value>15614</value>
    <shrsOrPrnAmt>
      <sshPrnamt>514990</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>514990</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>ISTAR FINL INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>45031U101</cusip>
    <value>13941</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1234803</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>1234803</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>GENERAL MTRS CO</nameOfIssuer>
    <titleOfClass>*W EXP 07/10/201</titleOfClass>
    <cusip>37045V118</cusip>
    <value>2008</value>
    <shrsOrPrnAmt>
      <sshPrnamt>83687</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>83687</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>GENERAL MTRS CO</nameOfIssuer>
    <titleOfClass>*W EXP 07/10/201</titleOfClass>
    <cusip>37045V126</cusip>
    <value>1368</value>
    <shrsOrPrnAmt>
      <sshPrnamt>83687</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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      <Sole>83687</Sole>
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      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>CAPITAL BK FINL CORP</nameOfIssuer>
    <titleOfClass>CL A COM</titleOfClass>
    <cusip>139794101</cusip>
    <value>2853</value>
    <shrsOrPrnAmt>
      <sshPrnamt>150000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>150000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>LIFEPOINT HOSPITALS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>53219L109</cusip>
    <value>6212</value>
    <shrsOrPrnAmt>
      <sshPrnamt>127201</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>127201</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>UNITEK GLOBAL SVCS INC</nameOfIssuer>
    <titleOfClass>COM PAR $.00002</titleOfClass>
    <cusip>91324T302</cusip>
    <value>4</value>
    <shrsOrPrnAmt>
      <sshPrnamt>2811</sshPrnamt>
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    <votingAuthority>
      <Sole>2811</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>ENSCO PLC</nameOfIssuer>
    <titleOfClass>SHS CLASS A</titleOfClass>
    <cusip>G3157S106</cusip>
    <value>69163</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1190000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>1190000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>HEWLETT PACKARD CO</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>428236103</cusip>
    <value>3720</value>
    <shrsOrPrnAmt>
      <sshPrnamt>150000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>150000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>KKR FINL HLDGS LLC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>48248A306</cusip>
    <value>4429</value>
    <shrsOrPrnAmt>
      <sshPrnamt>419800</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>419800</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
</informationTable>
