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
AK STL HLDG CORP CALL 001547108 1,788 400,000 SH Call SOLE   400,000 0 0
AK STL HLDG CORP COM 001547108 25,059 5,605,963 SH   SOLE   5,605,963 0 0
ALPHA NATURAL RESOURCES INC COM 02076X102 750 750,000 SH   SOLE   750,000 0 0
ANADARKO PETE CORP COM 032511107 16,709 201,772 SH   SOLE   201,772 0 0
ARCH COAL INC COM 039380100 600 600,000 SH   SOLE   600,000 0 0
CABOT OIL & GAS CORP COM 127097103 16,563 560,880 SH   SOLE   560,880 0 0
CENTURY ALUM CO COM 156431108 5,049 365,880 SH   SOLE   365,880 0 0
CF INDS HLDGS INC COM 125269100 28,388 100,072 SH   SOLE   100,072 0 0
DOMINION DIAMOND CORP COM 257287102 14,063 822,861 SH   SOLE   822,861 0 0
DYNEGY INC NEW DEL COM 26817R108 24,597 782,608 SH   SOLE   782,608 0 0
EXCO RESOURCES INC COM 269279402 146 80,000 SH   SOLE   80,000 0 0
GULFPORT ENERGY CORP COM NEW 402635304 8,344 181,742 SH   SOLE   181,742 0 0
KAPSTONE PAPER & PACKAGING C COM 48562P103 10,439 317,860 SH   SOLE   317,860 0 0
NOBLE ENERGY INC COM 655044105 16,057 328,361 SH   SOLE   328,361 0 0
NRG ENERGY INC COM NEW 629377508 14,125 560,730 SH   SOLE   560,730 0 0
RANGE RES CORP COM 75281A109 9,857 189,405 SH   SOLE   189,405 0 0
TESORO CORP COM 881609101 16,646 182,343 SH   SOLE   182,343 0 0