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
ATWOOD OCEANICS INC COM 050095108 2,839 348,400 SH   SOLE   348,400 0 0
BASIC ENERGY SVCS INC NEW COM NEW 06985P209 7,774 312,228 SH   SOLE   312,228 0 0
C&J ENERGY SVCS INC NEW COM 12674R100 15,453 450,912 SH   SOLE   450,912 0 0
DHT HOLDINGS INC DEBT 4.500%10/0 23335SAB2 10,511 10,712,000 PRN   SOLE   0 0 0
DORIAN LPG LTD SHS USD Y2106R110 5,323 650,747 SH   SOLE   650,747 0 0
EAGLE BULK SHIPPING INC SHS NEW Y2187A143 3,744 791,545 SH   SOLE   791,545 0 0
EOG RES INC COM 26875P101 12,066 133,300 SH   SOLE   133,300 0 0
FIRST SOLAR INC COM 336433107 2,126 53,300 SH   SOLE   53,300 0 0
GENER8 MARITIME INC COM Y26889108 10,225 1,796,976 SH   SOLE   1,796,976 0 0
GOLAR LNG LTD BERMUDA SHS G9456A100 6,843 307,540 SH   SOLE   307,540 0 0
HI-CRUSH PARTNERS LP COM UNIT LTD 428337109 6,142 566,100 SH   SOLE   566,100 0 0
HOEGH LNG PARTNERS LP COM UNIT LTD Y3262R100 19,071 995,890 SH   SOLE   995,890 0 0
INDEPENDENCE CONTRACT DRIL I COM 453415309 1,927 495,434 SH   SOLE   495,434 0 0
KEY ENERGY SVCS INC DEL COM 49309J103 4,515 234,677 SH   SOLE   234,677 0 0
NABORS INDUSTRIES LTD SHS G6359F103 8,228 1,010,792 SH   SOLE   1,010,792 0 0
NAVIGATOR HOLDINGS LTD SHS Y62132108 4,466 538,024 SH   SOLE   538,024 0 0
NAVIOS MARITIME PARTNERS L P UNIT LPI Y62267102 639 401,777 SH   SOLE   401,777 0 0
PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 10,944 416,600 SH   SOLE   416,600 0 0
PRECISION DRILLING CORP COM 2010 74022D308 7,914 2,317,900 SH   SOLE   2,317,900 0 0
SCORPIO BULKERS INC COM Y7546A122 5,766 812,096 SH   SOLE   812,096 0 0
STAR BULK CARRIERS CORP SHS PAR Y8162K204 3,793 385,887 SH   SOLE   385,887 0 0
TEEKAY LNG PARTNERS L P PRTNRSP UNITS Y8564M105 8,714 567,700 SH   SOLE   567,700 0 0
U S SILICA HLDGS INC COM 90346E103 4,646 130,900 SH   SOLE   130,900 0 0