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
ALAMOS GOLD INC NEW COM CL A 011532108 704 104,200 SH   DFND 1,2 104,200 0 0
ALBEMARLE CORP COM 012653101 3,742 27,450 SH   DFND 1,2 27,450 0 0
ANADARKO PETE CORP COM 032511107 2,800 57,316 SH   DFND 1,2 57,316 0 0
CABOT OIL & GAS CORP COM 127097103 4,830 180,122 SH   DFND 1,2 180,122 0 0
CALLON PETE CO DEL COM 13123X102 588 52,277 SH   DFND 1,2 52,277 0 0
CF INDS HLDGS INC COM 125269100 1,206 34,300 SH   DFND 1,2 34,300 0 0
CHENIERE ENERGY INC COM NEW 16411R208 1,503 33,380 SH   DFND 1,2 33,380 0 0
COBALT INTL ENERGY INC NOTE 2.625%12/0 19075FAA4 465 2,000,000 PRN   DFND 1,2 2,000,000 0 0
CONCHO RES INC COM 20605P101 3,361 25,517 SH   DFND 1,2 25,517 0 0
CONTINENTAL RESOURCES INC COM 212015101 4,637 119,746 SH   DFND 1,2 119,746 0 0
DIAMONDBACK ENERGY INC COM 25278X109 4,675 47,555 SH   DFND 1,2 47,555 0 0
EARTHSTONE ENERGY INC CL A 27032D304 2,187 199,000 SH   DFND 1,2 199,000 0 0
ENERGEN CORP COM 29265N108 4,730 86,576 SH   DFND 1,2 86,576 0 0
EXXON MOBIL CORP COM 30231G102 294 3,510 SH   DFND 1,2 3,510 0 0
FRANCO NEVADA CORP COM 351858105 2,465 31,780 SH   DFND 1,2 31,780 0 0
GASTAR EXPL INC NEW COM 36729W202 780 886,357 SH   DFND 1,2 886,357 0 0
GOLAR LNG LTD BERMUDA SHS G9456A100 1,523 67,350 SH   DFND 1,2 67,350 0 0
HALLIBURTON CO COM 406216101 3,112 67,601 SH   DFND 1,2 67,601 0 0
HUDBAY MINERALS INC COM 443628102 1,639 219,950 SH   DFND 1,2 219,950 0 0
ISHARES SILVER TRUST ISHARES 46428Q109 1,110 70,500 SH   DFND 1,2 70,500 0 0
NEVSUN RES LTD COM 64156L101 301 138,000 SH   DFND 1,2 138,000 0 0
NEXGEN ENERGY LTD COM 65340P106 3,359 1,513,000 SH   DFND 1,2 1,513,000 0 0
PARSLEY ENERGY INC CL A 701877102 5,257 199,575 SH   DFND 1,2 199,575 0 0
PDC ENERGY INC COM 69327R101 1,903 38,809 SH   DFND 1,2 38,809 0 0
PIONEER NAT RES CO COM 723787107 3,546 24,037 SH   DFND 1,2 24,037 0 0
PRETIUM RES INC COM 74139C102 1,168 126,179 SH   DFND 1,2 126,179 0 0
RANGE RES CORP COM 75281A109 2,641 134,944 SH   DFND 1,2 134,944 0 0
RESOLUTE ENERGY CORP COM NEW 76116A306 1,138 38,333 SH   DFND 1,2 38,333 0 0
RIO TINTO PLC SPONSORED ADR 767204100 1,032 21,864 SH   DFND 1,2 21,864 0 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 218 3,600 SH   DFND 1,2 3,600 0 0
RSP PERMIAN INC COM 74978Q105 4,060 117,363 SH   DFND 1,2 117,363 0 0
SAN JUAN BASIN RTY TR UNIT BEN INT 798241105 610 77,765 SH   DFND 1,2 77,765 0 0
SCHLUMBERGER LTD COM 806857108 3,526 50,540 SH   DFND 1,2 50,540 0 0
SELECT ENERGY SVCS INC CL A COM 81617J301 24 1,521 SH   DFND 1,2 1,521 0 0
SM ENERGY CO COM 78454L100 1,242 70,000 SH Call DFND 1,2 70,000 0 0
TEXAS PAC LD TR SUB CTF PROP I T 882610108 2,687 6,650 SH   DFND 1,2 6,650 0 0
TOTAL S A SPONSORED ADR 89151E109 208 3,880 SH   DFND 1,2 3,880 0 0
WEATHERFORD INTL PLC ORD SHS G48833100 1,468 320,600 SH   DFND 1,2 320,600 0 0
WHEATON PRECIOUS METALS CORP COM 962879102 1,439 75,370 SH   DFND 1,2 75,370 0 0