<informationTable xmlns="http://www.sec.gov/edgar/document/thirteenf/informationtable">		<infoTable>
			<nameOfIssuer>ALLY FINL INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>02005N100</cusip>
			<value>12060</value>
			<shrsOrPrnAmt>
				<sshPrnamt>521190</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>521190</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ALLY FINL INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>02005N100</cusip>
			<value>29156</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1260000</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<putCall>Call</putCall>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1260000</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>AMBAC FINL GROUP INC</nameOfIssuer>
			<titleOfClass>COM NEW</titleOfClass>
			<cusip>023139884</cusip>
			<value>6961</value>
			<shrsOrPrnAmt>
				<sshPrnamt>314998</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>314998</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>CHENIERE ENERGY INC</nameOfIssuer>
			<titleOfClass>COM NEW</titleOfClass>
			<cusip>16411R208</cusip>
			<value>249598</value>
			<shrsOrPrnAmt>
				<sshPrnamt>3118800</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<putCall>Call</putCall>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>3118800</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>DYNEGY INC NEW DEL</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>26817R108</cusip>
			<value>29904</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1036162</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1036162</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>DYNEGY INC NEW DEL</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>26817R108</cusip>
			<value>43934</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1522300</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<putCall>Call</putCall>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1522300</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ENLINK MIDSTREAM LLC</nameOfIssuer>
			<titleOfClass>COM UNIT REP LTD</titleOfClass>
			<cusip>29336T100</cusip>
			<value>25367</value>
			<shrsOrPrnAmt>
				<sshPrnamt>613772</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>613772</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>INTL PAPER CO</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>460146103</cusip>
			<value>64941</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1360300</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<putCall>Call</putCall>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1360300</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>NAVIENT CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>63938C108</cusip>
			<value>64592</value>
			<shrsOrPrnAmt>
				<sshPrnamt>3647191</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>3647191</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>RENTECH INC</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>760112102</cusip>
			<value>18701</value>
			<shrsOrPrnAmt>
				<sshPrnamt>10936234</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>10936234</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>SEMGROUP CORP</nameOfIssuer>
			<titleOfClass>CL A</titleOfClass>
			<cusip>81663A105</cusip>
			<value>29287</value>
			<shrsOrPrnAmt>
				<sshPrnamt>351716</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>351716</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>TRAVELPORT WORLDWIDE LTD</nameOfIssuer>
			<titleOfClass>SHS</titleOfClass>
			<cusip>G9019D104</cusip>
			<value>8559</value>
			<shrsOrPrnAmt>
				<sshPrnamt>520001</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>520001</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>VERSO PAPER CORP</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>92531L108</cusip>
			<value>5688</value>
			<shrsOrPrnAmt>
				<sshPrnamt>1777565</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>1777565</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>WESTMORELAND COAL CO</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>960878106</cusip>
			<value>22008</value>
			<shrsOrPrnAmt>
				<sshPrnamt>588303</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>588303</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ASSURED GUARANTY LTD</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>G0585R106</cusip>
			<value>56768</value>
			<shrsOrPrnAmt>
				<sshPrnamt>2561724</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>2561724</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>ASSURED GUARANTY LTD</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>G0585R106</cusip>
			<value>12687</value>
			<shrsOrPrnAmt>
				<sshPrnamt>572500</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<putCall>Call</putCall>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>572500</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>GOLAR LNG LTD BERMUDA</nameOfIssuer>
			<titleOfClass>SHS</titleOfClass>
			<cusip>G9456A100</cusip>
			<value>42893</value>
			<shrsOrPrnAmt>
				<sshPrnamt>645980</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>645980</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>GOLAR LNG LTD BERMUDA</nameOfIssuer>
			<titleOfClass>SHS</titleOfClass>
			<cusip>G9456A100</cusip>
			<value>30272</value>
			<shrsOrPrnAmt>
				<sshPrnamt>455900</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<putCall>Call</putCall>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>455900</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
		<infoTable>
			<nameOfIssuer>BALTIC TRADING LIMITED</nameOfIssuer>
			<titleOfClass>COM</titleOfClass>
			<cusip>Y0553W103</cusip>
			<value>2854</value>
			<shrsOrPrnAmt>
				<sshPrnamt>689408</sshPrnamt>
				<sshPrnamtType>SH</sshPrnamtType>
			</shrsOrPrnAmt>
			<investmentDiscretion>SOLE</investmentDiscretion>
			<votingAuthority>
				<Sole>689408</Sole>
				<Shared>0</Shared>
				<None>0</None>
			</votingAuthority>
		</infoTable>
</informationTable>
