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
ALCOA INC COM 013817101 12,920 1,000,000 SH   SOLE   1,000,000 0 0
ALPHA NATURAL RESOURCES INC COM 02076X102 5,000 5,000,000 SH   SOLE   5,000,000 0 0
AMERICAN EAGLE OUTFITTERS INC COM 02553E106 8,540 500,000 SH   SOLE   500,000 0 0
ARCH COAL INC COM 039380100 5,000 5,000,000 SH   SOLE   5,000,000 0 0
CALLAWAY GOLF COM 131193104 7,148 750,000 SH   SOLE   750,000 0 0
CIVEO CORP COM 178787107 2,032 800,000 SH   SOLE   800,000 0 0
DELTA AIR LINES INC COM 247361702 44,960 1,000,000 SH   SOLE   300,000 0 0
DYNEGY INC COM 26817R108 9,429 300,000 SH   SOLE   1,000,000 0 0
IAMGOLD CORPORATION COM 450913108 1,870 1,000,000 SH   SOLE   1,000,000 0 0
LOUISIANA PACIFIC CORP COM 546347105 16,510 1,000,000 SH   SOLE   1,000,000 0 0
NEWMONT MINING CORPORATION COM 651639106 10,855 500,000 SH   SOLE   500,000 0 0
NOBLE CORP PLC COM G65431101 11,424 800,000 SH   SOLE   800,000 0 0
NORANDA ALUMINUM HOLDING CORP COM 65542W107 7,128 2,400,000 SH   SOLE   2,400,000 0 0
PARAGON OFFSHORE PLC COM G6S01W108 1,300 1,000,000 SH   SOLE   1,000,000 0 0
SCHLUMBERGER LIMITED COM 806857108 41,720 500,000 SH   SOLE   500,000 0 0
TRIANGLE PETROLEUM CORPORATION COM 89600B201 377 75,000 SH   SOLE   75,000 0 0