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

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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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
CHAPARRAL ENERGY INC COM CL A 15942R208 18,629 13,902,367 SH   SOLE   13,902,367 0 0
CLEAR CHANNEL OUTDOOR HLDGS COM 18453H106 15,372 6,099,878 SH   SOLE   6,099,878 0 0
GENCO SHIPPING & TRADING LTD SHS Y2685T131 93,522 10,165,428 SH   SOLE   10,165,428 0 0
IHEARTMEDIA INC COM CL A 45174J509 4,501 300,043 SH   SOLE   300,043 0 0
PACIFIC DRILLING SA LUXEMBOU COM L7257P205 78,147 19,986,519 SH   SOLE   19,986,519 0 0
PENN VA CORP NEW COM 70788V102 44,786 1,540,634 SH   SOLE   1,540,634 0 0
SILVERBOW RES INC COM 82836G102 43,377 4,476,462 SH   SOLE   4,476,462 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 29,677 100,000 SH Put SOLE   100,000 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 37,835 250,000 SH Put SOLE   250,000 0 0
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 22,659 350,000 SH Put SOLE   350,000 0 0