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
ADVANTAGE OIL & GAS LTD COM 00765F101 662 98,100 SH   DFND 1,2 98,100 0 0
ALAMOS GOLD INC NEW COM CL A 011532108 713 104,200 SH   DFND 1,2 104,200 0 0
ALBEMARLE CORP COM 012653101 2,363 27,450 SH   DFND 1,2 27,450 0 0
ANADARKO PETE CORP COM 032511107 8,989 128,916 SH   DFND 1,2 128,916 0 0
ANADARKO PETE CORP COM 032511107 1,388 19,900 SH Call DFND 1,2 19,900 0 0
ARCH COAL INC CL A 039380407 1,350 17,300 SH   DFND 1,2 17,300 0 0
ASANKO GOLD INC COM 04341Y105 790 258,200 SH   DFND 1,2 258,200 0 0
CABOT OIL & GAS CORP COM 127097103 4,691 200,822 SH   DFND 1,2 200,822 0 0
CF INDS HLDGS INC COM 125269100 1,080 34,300 SH   DFND 1,2 34,300 0 0
CHENIERE ENERGY INC COM NEW 16411R208 1,875 45,250 SH   DFND 1,2 45,250 0 0
COBALT INTL ENERGY INC NOTE 2.625%12/0 19075FAA4 788 2,000,000 PRN   DFND 1,2 2,000,000 0 0
CONCHO RES INC COM 20605P101 4,816 36,317 SH   DFND 1,2 36,317 0 0
CONTINENTAL RESOURCES INC COM 212015101 7,765 150,650 SH   DFND 1,2 150,650 0 0
DIAMONDBACK ENERGY INC COM 25278X109 5,796 57,350 SH   DFND 1,2 57,350 0 0
EARTHSTONE ENERGY INC COM NEW 27032D205 2,325 169,200 SH   DFND 1,2 169,200 0 0
ENERGEN CORP COM 29265N108 5,088 88,230 SH   DFND 1,2 88,230 0 0
EOG RES INC COM 26875P101 3,175 31,407 SH   DFND 1,2 31,407 0 0
FRANCO NEVADA CORP COM 351858105 1,853 31,000 SH   DFND 1,2 31,000 0 0
GOLAR LNG LTD BERMUDA SHS G9456A100 1,545 67,350 SH   DFND 1,2 67,350 0 0
GRAN TIERRA ENERGY INC COM 38500T101 1,826 604,800 SH   DFND 1,2 604,800 0 0
HALLIBURTON CO COM 406216101 3,657 67,601 SH   DFND 1,2 67,601 0 0
HUDBAY MINERALS INC COM 443628102 1,167 204,650 SH   DFND 1,2 204,650 0 0
INTEROIL CORP COM 460951106 6,659 139,950 SH   DFND 1,2 139,950 0 0
ISHARES SILVER TRUST ISHARES 46428Q109 1,443 95,500 SH   DFND 1,2 95,500 0 0
JONES ENERGY INC COM CL A 48019R108 2,241 448,100 SH   DFND 1,2 448,100 0 0
NATIONAL OILWELL VARCO INC COM 637071101 2,018 53,900 SH   DFND 1,2 53,900 0 0
NEVSUN RES LTD COM 64156L101 232 75,000 SH   DFND 1,2 75,000 0 0
OASIS PETE INC NEW COM 674215108 3,829 252,934 SH   DFND 1,2 252,934 0 0
PDC ENERGY INC COM 69327R101 5,926 81,646 SH   DFND 1,2 81,646 0 0
PIONEER NAT RES CO COM 723787107 4,938 27,424 SH   DFND 1,2 27,424 0 0
PRECISION DRILLING CORP COM 2010 74022D308 2,507 460,000 SH   DFND 1,2 460,000 0 0
PRETIUM RES INC COM 74139C102 874 106,100 SH   DFND 1,2 106,100 0 0
QEP RES INC COM 74733V100 1,515 82,300 SH   DFND 1,2 82,300 0 0
RANGE RES CORP COM 75281A109 1,950 56,744 SH   DFND 1,2 56,744 0 0
RIO TINTO PLC SPONSORED ADR 767204100 588 15,300 SH   DFND 1,2 15,300 0 0
RSP PERMIAN INC COM 74978Q105 3,715 83,250 SH   DFND 1,2 83,250 0 0
SCHLUMBERGER LTD COM 806857108 3,996 47,600 SH   DFND 1,2 47,600 0 0
SILVER WHEATON CORP COM 828336107 1,881 97,350 SH   DFND 1,2 97,350 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 67,059 300,000 SH Put DFND 1,2 300,000 0 0
SPDR SERIES TRUST S&P OILGAS EXP 78464A730 16,568 400,000 SH Put DFND 1,2 400,000 0 0
TEXAS PAC LD TR SUB CTF PROP I T 882610108 2,620 8,828 SH   DFND 1,2 8,828 0 0
WEATHERFORD INTL PLC ORD SHS G48833100 2,460 492,900 SH   DFND 1,2 492,900 0 0