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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
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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ANTERO RESOURCES CORP COM 03674X106   1,269,000 50,000 SH   SOLE   50,000 0 0
CAMECO CORP COM 13321L108   29,333,600 740,000 SH   SOLE   740,000 0 0
CAMECO CORP COM 13321L108   18,829,000 475,000 SH Call SOLE   475,000 0 0
DENISON MINES CORP COM 248356107   18,808,342 11,398,995 SH   SOLE   11,398,995 0 0
INTREPID POTASH INC COM 46121Y201   4,277,326 170,005 SH   SOLE   170,005 0 0
ISHARES TR RUSSELL 2000 ETF 464287655   48,603,500 275,000 SH Put SOLE   275,000 0 0
VITAL ENERGY INC COM 516806205   7,694,347 138,837 SH   SOLE   138,837 0 0
NEXGEN ENERGY LTD COM 65340P106   29,710,183 4,976,580 SH   SOLE   4,976,580 0 0
SANDRIDGE ENERGY INC COM NEW 80007P869   5,435,179 347,074 SH   SOLE   347,074 0 0
SIBANYE STILLWATER LTD SPONSORED ADR 82575P107   5,213,650 845,000 SH   SOLE   845,000 0 0
TIDEWATER INC NEW COM 88642R109   25,798,623 363,003 SH   SOLE   363,003 0 0
UR-ENERGY INC COM 91688R108   13,386,898 8,692,791 SH   SOLE   8,692,791 0 0
URANIUM ENERGY CORP COM 916896103   9,508,177 1,846,248 SH   SOLE   1,846,248 0 0
BORR DRILLING LTD SHS G1466R173   9,359,682 1,318,265 SH   SOLE   1,318,265 0 0
SEADRILL 2021 LTD COM G7997W102   8,147,301 181,900 SH   SOLE   181,900 0 0
VALARIS LTD CL A G9460G101   6,748,200 90,000 SH   SOLE   90,000 0 0
TRANSOCEAN LTD REG SHS H8817H100   18,941,135 2,307,081 SH   SOLE   2,307,081 0 0