Oslo Asset Management ASA

Oslo Asset Management ASA as of March 31, 2012

Portfolio Holdings for Oslo Asset Management ASA

Oslo Asset Management ASA holds 0 positions in its portfolio as reported in the March 2012 quarterly 13F filing

                FORM 13F INFORMATION TABLE
                                                         VALUE SHARES/   SH/ PUT/ INVESTMENT OTHER    VOUTING AUTHORITY
NAME OF ISSUER             TITLE OF CLASS      CUSIP  (X$1000) PRN AMT   PRN CALL  DSCRETN  MANAGERS   SOLE   SHARNONE
{S}                        {C}             {C}        {C}     {C}       {C}  {C}  {C}       {C}     {C}       {C} {C}
HALLIBURTON CO             COM             406216101     22324  672600 SH       SOLE                  672600
BAKER HUGHES INC           COM             057224107     30754  733278 SH       SOLE                  733278
NEWPARK RESOURCES INC      COM PAR $.01NEW 651718504     45664 5575600 SH       SOLE                 5575600
BP PLC-SPONS ADR           SPONSORED ADR   055622104     54364 1208082 SH       SOLE                 1208082
DEVON ENERGY CORP          COM             25179M103      4360   61300 SH       SOLE                   61300
BALTIC TRADING LIMITED	   COM		   Y0553W103	  1335  321783 SH	SOLE		      321783
HESS CORP                  COM             42809H107     59074 1002100 SH       SOLE                 1002100
DENBURY RESOURCES INC      COM NEW         247916208     69255 3798974 SH       SOLE                 3798974
TRANSOCEAN LTD		   REG SHS         H8817H100     19861  363095 SH       SOLE                  363095
SCHLUMBERGER		   COM		   806857108	  5294 	 75700 sH       SOLE                   75700
NATURAL GAS SERVICES GROUP COM		   63886Q109      2079  157532 SH       SOLE                  157532
SEADRILL LIMITED	   SHS	           G7945E105      3563   95000 SH       SOLE                   95000
PATTERSON UTI ENERGY INC   COM             703481101      6259  362000 SH       SOLE                  362000
NEWFIELD EXPLORATION CO	   COM             651290108     52610 1517000 SH       SOLE                 1517000