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 PETE CORP COM 032511107 19,937 232,020 SH   SOLE   232,020 0 0
APACHE CORP COM 037411105 13,294 158,577 SH   SOLE   158,577 0 0
BAKER HUGHES INC COM 057224107 28,848 625,368 SH   SOLE   625,368 0 0
BASIC ENERGY SVCS INC NEW COM 06985P100 15,297 1,265,282 SH   SOLE   1,265,282 0 0
BP PRUDHOE BAY RTY TR UNIT BEN INT 055630107 1,009 10,480 SH   SOLE   10,480 0 0
CABOT OIL & GAS CORP COM 127097103 31,311 440,880 SH   SOLE   440,880 0 0
CARRIZO OIL & GAS INC COM 144577103 22,701 801,298 SH   SOLE   801,298 0 0
CENOVUS ENERGY INC COM 15135U109 5,250 175,000 SH   SOLE   175,000 0 0
CHENIERE ENERGY INC COM NEW 16411R208 34,987 1,260,351 SH   SOLE   1,260,351 0 0
CLIFFS NAT RES INC COM 18683K101 2,846 2,040 SH Put SOLE   0 0 2,040
CLOUD PEAK ENERGY INC COM 18911Q102 1,238 75,116 SH   SOLE   75,116 0 0
COBALT INTL ENERGY INC COM 19075F106 13,157 495,200 SH   SOLE   495,200 0 0
COBALT INTL ENERGY INC COM 19075F106 250 1,000 SH Call SOLE   0 0 1,000
CONOCOPHILLIPS COM 20825C104 147 3,163 SH Call SOLE   0 0 3,163
CONOCOPHILLIPS COM 20825C104 21,073 348,313 SH   SOLE   348,313 0 0
CST BRANDS INC COM 12646R105 1,763 57,216 SH   SOLE   57,216 0 0
DEVON ENERGY CORP NEW COM 25179M103 16,468 317,426 SH   SOLE   317,426 0 0
DRIL-QUIP INC COM 262037104 1,455 16,111 SH   SOLE   16,111 0 0
DRYSHIPS INC SHS Y2109Q101 5,365 2,869,248 SH   SOLE   2,869,248 0 0
ENERGEN CORP COM 29265N108 16,830 322,039 SH   SOLE   322,039 0 0
ENSCO PLC SHS CLASS A G3157S106 241 3,013 SH Call SOLE   0 0 3,013
EQT CORP COM 26884L109 26,589 335,000 SH   SOLE   335,000 0 0
EXXON MOBIL CORP COM 30231G102 13,744 152,122 SH   SOLE   152,122 0 0
EXXON MOBIL CORP COM 30231G102 222 11,233 SH Call SOLE   0 0 11,233
GULFPORT ENERGY CORP COM NEW 402635304 51,901 1,102,639 SH   SOLE   1,102,639 0 0
GULFPORT ENERGY CORP COM NEW 402635304 246 1,200 SH Call SOLE   0 0 1,200
HELMERICH & PAYNE INC COM 423452101 1,422 22,778 SH   SOLE   22,778 0 0
HESS CORP COM 42809H107 24,518 368,754 SH   SOLE   368,754 0 0
IMPERIAL OIL LTD COM NEW 453038408 5,019 125,000 SH   SOLE   125,000 0 0
INTEROIL CORP COM 460951106 28,187 405,507 SH   SOLE   405,507 0 0
JOY GLOBAL INC COM 481165108 11,405 235,000 SH   SOLE   235,000 0 0
MARATHON PETE CORP COM 56585A102 38,018 535,016 SH   SOLE   535,016 0 0
MCDERMOTT INTL INC COM 580037109 15,847 1,937,314 SH   SOLE   1,937,314 0 0
NABORS INDUSTRIES LTD SHS G6359F103 8,563 559,317 SH   SOLE   559,317 0 0
NATIONAL OILWELL VARCO INC COM 637071101 230 2,000 SH Call SOLE   0 0 2,000
NEWFIELD EXPL CO COM 651290108 11,909 498,500 SH   SOLE   498,500 0 0
NOBLE ENERGY INC COM 655044105 14,145 235,600 SH   SOLE   235,600 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 4,947 55,440 SH   SOLE   55,440 0 0
OCEAN RIG UDW INC SHS Y64354205 11,929 636,904 SH   SOLE   636,904 0 0
OIL STS INTL INC COM 678026105 8,667 93,553 SH   SOLE   93,553 0 0
PACIFIC DRILLING SA LUXEMBOU REG SHS L7257P106 3,721 380,864 SH   SOLE   380,864 0 0
PATTERSON UTI ENERGY INC COM 703481101 15,968 825,000 SH   SOLE   825,000 0 0
PENN WEST PETE LTD NEW COM 707887105 14,423 1,299,373 SH   SOLE   1,299,373 0 0
PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG 71654V101 13,023 888,321 SH   SOLE   888,321 0 0
PHILLIPS 66 COM 718546104 7,373 125,159 SH   SOLE   125,159 0 0
PIONEER NAT RES CO COM 723787107 2,729 1,700 SH Call SOLE   0 0 1,700
PIONEER NAT RES CO COM 723787107 43,482 300,393 SH   SOLE   300,393 0 0
RANGE RES CORP COM 75281A109 11,211 145,000 SH   SOLE   145,000 0 0
RANGE RES CORP COM 75281A109 900 2,500 SH Call SOLE   0 0 2,500
ROWAN COMPANIES PLC SHS CL A G7665A101 9,540 280,000 SH   SOLE   280,000 0 0
SOUTHWESTERN ENERGY CO COM 845467109 206 2,200 SH Call SOLE   0 0 2,200
STATOIL ASA SPONSORED ADR 85771P102 4,239 204,900 SH   SOLE   204,900 0 0
STONE ENERGY CORP COM 861642106 20,023 908,886 SH   SOLE   908,886 0 0
TECK RESOURCES LTD CL B 878742204 10,168 452,500 SH   SOLE   452,500 0 0
TESORO CORP COM 881609101 14,911 285,000 SH   SOLE   285,000 0 0
TIDEWATER INC COM 886423102 1,374 24,111 SH   SOLE   24,111 0 0
TRANSOCEAN LTD REG SHS H8817H100 16,303 340,000 SH   SOLE   340,000 0 0
VALERO ENERGY CORP NEW COM 91913Y100 13,941 400,950 SH   SOLE   400,950 0 0
WEATHERFORD INTERNATIONAL LT REG SHS H27013103 11,900 868,600 SH   SOLE   868,600 0 0
WHITING PETE CORP NEW COM 966387102 28,796 624,785 SH   SOLE   624,785 0 0
WPX ENERGY INC COM 98212B103 20,921 1,104,600 SH   SOLE   1,104,600 0 0