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
8X8 INC COM 282914100 2,748 300,000 SH   SOLE   300,000 0 0
ANADARKO PETROLEUM CORP COM 32511907 2,062 25,000 SH Call SOLE   25,000 0 0
APPLE COMPUTER INC COM 037833100 2,671 24,197 SH   SOLE   24,197 0 0
APPROACH RESOURCES INC COM 03834A103 510 79,782 SH   SOLE   79,782 0 0
APPROACH RESOURCES INC COM 03834A903 639 100,000 SH Call SOLE   100,000 0 0
BILL BARRETT CORP COM 06846N104 2,065 181,312 SH   SOLE   181,312 0 0
CARRIZO OIL & GAS INC COM 144577103 3,213 77,228 SH   SOLE   77,228 0 0
CNOOC LIMITED SPONS ADR 126132109 1,092 8,064 SH   SOLE   8,064 0 0
COMSTOCK RESOURCES INC COM NEW 205768203 340 50,000 SH   SOLE   50,000 0 0
CONCHO RESOURCES INC COM 20605P101 2,816 28,229 SH   SOLE   28,229 0 0
CONTINENTAL RESOURCES INC/OK COM 212015101 1,089 28,377 SH   SOLE   28,377 0 0
CONTINENTAL RESOURCES INC/OK COM 212015901 3,836 100,000 SH Call SOLE   100,000 0 0
DENBURY RESOURCES INC COM NEW 247916208 893 109,796 SH   SOLE   109,796 0 0
ECLIPSE RESOURCES CORP COM 27890G100 2,084 296,377 SH   SOLE   296,377 0 0
FLOTEK INDUSTRIES INC COM 343389102 2,000 106,780 SH   SOLE   106,780 0 0
FLOTEK INDUSTRIES INC COM 343389902 3,278 175,000 SH Call SOLE   175,000 0 0
FMC CORP COM NEW 302491303 2,224 39,000 SH   SOLE   39,000 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 2,814 14,519 SH   SOLE   14,519 0 0
HALCON RES CORP COM NEW 40537Q209 1,729 1,259,837 SH   SOLE   1,259,837 0 0
IMPERVA INC COM 45321L100 5,126 103,700 SH   SOLE   103,700 0 0
IMPERVA INC COM 45321L900 2,471 50,000 SH Call SOLE   50,000 0 0
ISHARES RUSSELL 2000 ETF 464287655 10,548 88,180 SH   SOLE   88,180 0 0
LAREDO PETROLEUM INC COM 516806106 1,963 189,620 SH   SOLE   189,620 0 0
MALLINCKRODT PLC COM G5785G957 9,903 100,000 SH Put SOLE   100,000 0 0
BLUEPHOENIX SOLUTIONS LTD SHS NEW M20157117 16,521 4,774,798 SH   SOLE   4,774,798 0 0
NEW MEDIA INVESTMENT GROUP COM 64704V106 1,827 77,300 SH   SOLE   77,300 0 0
NORWEGIAN CRUISE LINE HOLDINGS SHS G66721104 2,474 52,906 SH   SOLE   52,906 0 0
OASIS PETROLEUM INC COM 674215108 1,884 113,881 SH   SOLE   113,881 0 0
PIONEER NATURAL RESOURCES CO COM 723787107 1,069 7,179 SH   SOLE   7,179 0 0
PROSHARES TR II ULTRASHORT BLOOMBERG CRUDE OIL TR UNIT 74347W668 1,490 19,471 SH   SOLE   19,471 0 0
RED LION HOTELS CORP COM 756764106 34,854 5,497,448 SH   SOLE   5,497,448 0 0
SEVENTY SEVEN ENERGY INC COM 818097107 1,615 298,602 SH   SOLE   298,602 0 0
SEVENTY SEVEN ENERGY INC COM 818097907 757 140,000 SH Call SOLE   140,000 0 0
SM ENERGY COMPANY COM 78454L100 3,445 89,282 SH   SOLE   89,282 0 0
TALISMAN ENERGY INC COM 87425E103 1,174 150,000 SH   SOLE   150,000 0 0
TALISMAN ENERGY INC COM 87425E903 1,566 200,000 SH Call SOLE   200,000 0 0
TOTAL SYSTEM SERVICES INC COM 891906109 2,038 60,000 SH   SOLE   60,000 0 0
US SILICA HOLDINGS INC COM 90346E103 1,813 70,585 SH   SOLE   70,585 0 0
WHITING PETROLEUM CORP COM 966387102 2,199 66,625 SH   SOLE   66,625 0 0