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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ANTERO RESOURCES CORP COM 03674X106   2,453,500 70,000 SH   SOLE   70,000 0 0
BITDEER TECHNOLOGIES GROUP CL A ORD SHS G11448100   3,575,550 165,000 SH   SOLE   165,000 0 0
BKV CORP COM 05603J108   5,743,108 241,510 SH   SOLE   241,510 0 0
CAMECO CORP COM 13321L108   5,139,000 100,000 SH   SOLE   100,000 0 0
CANADIAN NAT RES LTD COM 136385101   2,160,900 70,000 SH   SOLE   70,000 0 0
CONSOL ENERGY INC NEW COM 20854L108   7,467,600 70,000 SH   SOLE   70,000 0 0
DENISON MINES CORP COM 248356107   1,800,000 1,000,000 SH   SOLE   1,000,000 0 0
DIAMONDBACK ENERGY INC COM 25278X109   5,734,050 35,000 SH   SOLE   35,000 0 0
EQT CORP COM 26884L109   8,530,350 185,000 SH   SOLE   185,000 0 0
EXPAND ENERGY CORPORATION COM 165167735   1,991,000 20,000 SH   SOLE   20,000 0 0
FRANCO NEV CORP COM 351858105   2,351,800 20,000 SH   SOLE   20,000 0 0
GOLAR LNG LTD SHS G9456A100   2,750,800 65,000 SH   SOLE   65,000 0 0
HAFNIA LTD SHS Y2990R101   1,838,100 330,000 SH   SOLE   330,000 0 0
HALLADOR ENERGY COMPANY COM 40609P105   572,500 50,000 SH   SOLE   50,000 0 0
INNOVEX INTERNATIONAL INC COM 457651107   2,794,000 200,000 SH   SOLE   200,000 0 0
ISHARES TR RUSSELL 2000 ETF 464287655   55,240,000 250,000 SH Put SOLE   250,000 0 0
KINROSS GOLD CORP COM 496902404   2,842,182 306,600 SH   SOLE   306,600 0 0
KODIAK GAS SVCS INC COM 50012A108   4,083,000 100,000 SH   SOLE   100,000 0 0
KOSMOS ENERGY LTD COM 500688106   2,137,500 625,000 SH   SOLE   625,000 0 0
LIBERTY ENERGY INC COM CL A 53115L104   2,486,250 125,000 SH   SOLE   125,000 0 0
MATADOR RES CO COM 576485205   2,137,880 38,000 SH   SOLE   38,000 0 0
NATIONAL ENERGY SERVICES REU SHS G6375R107   10,442,844 1,165,496 SH   SOLE   1,165,496 0 0
NATIONAL ENERGY SERVICES REU *W EXP 06/06/202 G6375R115   118,842 304,100 SH   SOLE   304,100 0 0
NAVIGATOR HLDGS LTD SHS Y62132108   1,535,000 100,000 SH   SOLE   100,000 0 0
OKLO INC COM CL A 02156V109   364,583 17,173 SH   SOLE   17,173 0 0
PEABODY ENERGY CORP COM 704551100   2,094,000 100,000 SH   SOLE   100,000 0 0
PERMIAN RESOURCES CORP CLASS A COM 71424F105   2,696,250 187,500 SH   SOLE   187,500 0 0
SCORPIO TANKERS INC SHS Y7542C130   2,484,500 50,000 SH   SOLE   50,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103   58,608,000 100,000 SH Put SOLE   100,000 0 0
TERAWULF INC COM 88080T104   3,679,000 650,000 SH   SOLE   650,000 0 0
URANIUM ENERGY CORP COM 916896103   2,341,500 350,000 SH   SOLE   350,000 0 0
VANECK ETF TRUST JUNIOR GOLD MINE 92189F791   3,633,750 85,000 SH   SOLE   85,000 0 0
WHEATON PRECIOUS METALS CORP COM 962879102   1,687,200 30,000 SH   SOLE   30,000 0 0