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
ANADARKO PETROLEUM CORP. COM 032511107 25,779 300,000 SH   SOLE   300,000 0 0
BAKER HUGHES, INC. COM 057224107 2,768 60,000 SH   SOLE   60,000 0 0
CF INDUSTRIES HOLDINGS, INC. COM 125269100 14,418 84,069 SH   SOLE   84,069 0 0
CHEVRON CORP. COM 166764100 98,222 830,000 SH   SOLE   830,000 0 0
CONOCOPHILLIPS COM 20825C104 16,637 275,000 SH   SOLE   275,000 0 0
DEVON ENERGY CORP. COM 25179M103 7,782 150,000 SH   SOLE   150,000 0 0
DOW CHEMICAL CO. COM 260543103 17,694 550,000 SH   SOLE   550,000 0 0
EASTMAN CHEMICAL CO. COM 277432100 11,622 166,000 SH   SOLE   166,000 0 0
E.I. DUPONT DE NEMOURS AND CO. COM 263534109 6,563 125,000 SH   SOLE   125,000 0 0
ENERGEN CORP. COM 29265N108 9,145 175,000 SH   SOLE   175,000 0 0
EOG RESOURCES, INC. COM 26875P101 20,410 155,000 SH   SOLE   155,000 0 0
EQT CORP. COM 26884L109 11,112 140,000 SH   SOLE   140,000 0 0
EXXON MOBIL CORP. COM 30231G102 129,510 1,433,430 SH   SOLE   1,433,430 0 0
FMC CORP. COM 302491303 9,159 150,000 SH   SOLE   150,000 0 0
FMC TECHNOLOGIES, INC. COM 30249U101 8,352 150,000 SH   SOLE   150,000 0 0
FREEPORT-MCMORAN COPPER & GOLD INC. COM 35671D857 13,446 487,000 SH   SOLE   487,000 0 0
HALLIBURTON CO. COM 406216101 17,731 425,000 SH   SOLE   425,000 0 0
HESS CORP. COM 42809H107 18,285 275,000 SH   SOLE   275,000 0 0
HOLLYFRONTIER CORP. COM 436106108 4,706 110,000 SH   SOLE   110,000 0 0
KINDER MORGAN INC. COM 49456B101 9,537 250,000 SH   SOLE   250,000 0 0
LYONDELLBASELL INDUSTRIES NV SHS-A N53745100 22,860 345,000 SH   SOLE   345,000 0 0
MARATHON OIL CORP. COM 565849106 12,103 350,000 SH   SOLE   350,000 0 0
MARATHON PETROLEUM CORP. COM 56585A102 13,501 190,000 SH   SOLE   190,000 0 0
MIDSTATES PETROLEUM CO, INC. COM 59804T100 1,352 250,000 SH   SOLE   250,000 0 0
NABORS INDUSTRIES, LTD SHS G6359F103 4,884 319,000 SH   SOLE   319,000 0 0
NATIONAL FUEL GAS CO. COM 636180101 5,795 100,000 SH   SOLE   100,000 0 0
NATIONAL OILWELL VARCO, INC. COM 637071101 13,780 200,000 SH   SOLE   200,000 0 0
NEW JERSEY RESOURCES CORP. COM 646025106 10,715 258,000 SH   SOLE   258,000 0 0
NEWFIELD EXPLORATION CO. COM 651290108 2,628 110,000 SH   SOLE   110,000 0 0
NOBLE ENERGY, INC. COM 655044105 22,815 380,000 SH   SOLE   380,000 0 0
OASIS PETROLEUM, INC. COM 674215108 5,830 150,000 SH   SOLE   150,000 0 0
OCCIDENTAL PETROLEUM CORP. COM 674599105 34,354 385,000 SH   SOLE   385,000 0 0
OIL STATES INTERNATIONAL INC. COM 678026105 9,264 100,000 SH   SOLE   100,000 0 0
PEABODY ENERGY CORP. COM 704549104 2,964 202,440 SH   SOLE   202,440 0 0
PHILLIPS 66 COM 718546104 20,340 345,275 SH   SOLE   345,275 0 0
PIONEER NATURAL RESOURCES CO. COM 723787107 14,475 100,000 SH   SOLE   100,000 0 0
POTASH CORP OF SASKATCHEWAN INC. COM 73755L107 9,151 240,000 SH   SOLE   240,000 0 0
PRAXAIR, INC. COM 74005P104 17,274 150,000 SH   SOLE   150,000 0 0
QEP RESOURCES, INC COM 74733V100 4,584 165,000 SH   SOLE   165,000 0 0
SCHLUMBERGER LTD. COM 806857108 44,788 625,000 SH   SOLE   625,000 0 0
SEADRILL LTD. SHS G7945E105 8,148 200,003 SH   SOLE   200,003 0 0
SOUTHWESTERN ENERGY CO. COM 845467109 2,009 55,000 SH   SOLE   55,000 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 7,149 60,000 SH   SOLE   60,000 0 0
TRANSOCEAN LTD. REG SHS H8817H100 8,152 170,000 SH   SOLE   170,000 0 0
WEATHERFORD INT'L. LTD REG H27013103 5,480 400,000 SH   SOLE   400,000 0 0
WILLIAMS COMPANIES, INC. COM 969457100 8,117 250,000 SH   SOLE   250,000 0 0