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
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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
ANTERO RESOURCES CORP COM 03674X106 34,357,327 977,727 SH SOLE 977,727 0 0
ARDMORE SHIPPING CORP COM Y0207T100 2,914,865 208,056 SH SOLE 208,056 0 0
BRISTOW GROUP INC COM 11040G103 28,758,761 696,001 SH SOLE 696,001 0 0
CMB.TECH NV SHS B38564108 12,060,373 862,071 SH SOLE 862,071 0 0
DORIAN LPG LTD SHS USD Y2106R110 7,839,621 225,406 SH SOLE 225,406 0 0
EXPAND ENERGY CORPORATION COM 165167735 8,739,650 95,840 SH SOLE 95,840 0 0
HAFNIA LTD SHS Y2990R101 14,594,635 2,234,107 SH SOLE 2,234,107 0 0
MATADOR RES CO COM 576485205 25,671,546 515,700 SH SOLE 515,700 0 0
OKEANIS ECO TANKERS COR SHS Y64177101 5,521,734 111,836 SH SOLE 111,836 0 0
PAN AMERN SILVER CORP COM 697900108 6,933,492 154,800 SH SOLE 154,800 0 0
PERMIAN RESOURCES CORP CLASS A COM 71424F105 4,641,161 252,100 SH SOLE 252,100 0 0
PETROLEO BRASILEIRO S A SPONSORED ADR 71654V408 27,116,480 1,678,000 SH SOLE 1,678,000 0 0
SM ENERGY COMPANY COM 78454L100 39,059,616 1,496,537 SH SOLE 1,496,537 0 0
SAFE BULKERS INC COM Y7388L103 14,592,872 2,312,658 SH SOLE 2,312,658 0 0
STAR BULK CARRIERS CORP. SHS PAR Y8162K204 25,075,099 1,004,209 SH SOLE 1,004,209 0 0
TEEKAY TANKERS LTD CL A G8726X106 20,252,025 312,194 SH SOLE 312,194 0 0