GMT Exploration Co LLC

SEC source: 0001106191-19-000022 · primary_doc.xml · nonDerivative · entry 10

GMT CAPITAL CORP · CIK 0001106191 · 10% owner

BAY RESOURCE PARTNERS LP · CIK 0000899037 · 10% owner

BAY II RESOURCE PARTNERS LP · CIK 0001161416 · 10% owner

BAY RESOURCE PARTNERS OFFSHORE MASTER FUND, L.P. · CIK 0001733113 · 10% owner

CLAUGUS THOMAS E · CIK 0001075617 · 10% owner

GMT Exploration Co LLC · CIK 0001396794 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 67,675,186

F1 · security: This Form 5 is being jointly filed by Bay Resource Partners, L.P. (Bay), a Delaware limited partnership, Bay II Resource Partners, L.P. (Bay II), a Delaware limited partnership, Bay Resource Partners Offshore Master Fund, L.P. (Bay Offshore), an exempted limited partnership organized under the laws of the Cayman Islands, GMT Exploration Company LLC (GMT Exploration), a Delaware limited liability company, GMT Capital Corp., a Georgia corporation (GMT Capital) on behalf of certain sub-advised accounts managed by it, and Thomas E. Claugus (Claugus), a United States citizen. The foregoing persons are hereinafter sometimes collectively referred to as the Reporting Persons. Bay, Bay II, Bay Offshore, and Claugus, each have the same address as the designated filer in Item 1 of this Form 5. GMT Exploration's address is 1560 Broadway, Suite 2000, Denver, Colorado 80202.

F2 · security: GMT Capital is the general partner of Bay and Bay II and has the power to direct the affairs of Bay and Bay II, including voting and disposition of shares. As the discretionary investment manager of Bay Offshore, GMT Capital has power to direct voting and disposition of shares held by Bay Offshore and certain sub-advised accounts it manages. Claugus is the President of GMT Capital and in that capacity, directs the operations of each of Bay and Bay II and voting and disposition of shares held by Bay Offshore and certain sub-advised accounts. GMT Capital is also the non-discretionary manager of GMT Exploration through a separately managed account relationship. In addition, Claugus owns a substantial interest in GMT Exploration. GMT Capital and Claugus may be deemed to beneficially own indirect pecuniary interest as the result of performance-based fees and profit allocations. Each of GMT Capital and Claugus disclaims such beneficial ownership except to the extent ultimately realized.

F12 · security: The aggregate number of shares of common stock purchased on May 1, 2017, was 103,600 shares, at a price of $2.51 per share, resulting in an aggregate number of shares owned by the Reporting Persons of 44,487,000. Such shares were purchased, and thereafter beneficially owned by the Reporting Persons in the following amounts: Bay = 30,800 shares purchased resulting in ownership of 12,682,990 shares; Bay II = 26,200 shares purchased resulting in ownership of 11,132,930 shares; Offshore Fund = 41,600 shares purchased resulting in ownership of 18,329,150 shares; GMT Capital = 1,400 shares purchased resulting in ownership of 669,430 shares; Claugus = 3,600 shares purchased resulting in ownership of 1,672,500 shares; GMT Exploration = 0 shares purchased resulting in ownership of 0 shares.

SEC source: 0001106191-19-000022 · primary_doc.xml · nonDerivative · entry 9

GMT CAPITAL CORP · CIK 0001106191 · 10% owner

BAY RESOURCE PARTNERS LP · CIK 0000899037 · 10% owner

BAY II RESOURCE PARTNERS LP · CIK 0001161416 · 10% owner

BAY RESOURCE PARTNERS OFFSHORE MASTER FUND, L.P. · CIK 0001733113 · 10% owner

CLAUGUS THOMAS E · CIK 0001075617 · 10% owner

GMT Exploration Co LLC · CIK 0001396794 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 67,675,186

F1 · security: This Form 5 is being jointly filed by Bay Resource Partners, L.P. (Bay), a Delaware limited partnership, Bay II Resource Partners, L.P. (Bay II), a Delaware limited partnership, Bay Resource Partners Offshore Master Fund, L.P. (Bay Offshore), an exempted limited partnership organized under the laws of the Cayman Islands, GMT Exploration Company LLC (GMT Exploration), a Delaware limited liability company, GMT Capital Corp., a Georgia corporation (GMT Capital) on behalf of certain sub-advised accounts managed by it, and Thomas E. Claugus (Claugus), a United States citizen. The foregoing persons are hereinafter sometimes collectively referred to as the Reporting Persons. Bay, Bay II, Bay Offshore, and Claugus, each have the same address as the designated filer in Item 1 of this Form 5. GMT Exploration's address is 1560 Broadway, Suite 2000, Denver, Colorado 80202.

F2 · security: GMT Capital is the general partner of Bay and Bay II and has the power to direct the affairs of Bay and Bay II, including voting and disposition of shares. As the discretionary investment manager of Bay Offshore, GMT Capital has power to direct voting and disposition of shares held by Bay Offshore and certain sub-advised accounts it manages. Claugus is the President of GMT Capital and in that capacity, directs the operations of each of Bay and Bay II and voting and disposition of shares held by Bay Offshore and certain sub-advised accounts. GMT Capital is also the non-discretionary manager of GMT Exploration through a separately managed account relationship. In addition, Claugus owns a substantial interest in GMT Exploration. GMT Capital and Claugus may be deemed to beneficially own indirect pecuniary interest as the result of performance-based fees and profit allocations. Each of GMT Capital and Claugus disclaims such beneficial ownership except to the extent ultimately realized.

F11 · security: The aggregate number of shares of common stock purchased on April 25, 2017, was 41,300 shares, at a price of $2.49 per share, resulting in an aggregate number of shares owned by the Reporting Persons of 44,383,400. Such shares were purchased, and thereafter beneficially owned by the Reporting Persons in the following amounts: Bay = 12,300 shares purchased resulting in ownership of 12,652,190 shares; Bay II = 10,500 shares purchased resulting in ownership of 11,106,730 shares; Offshore Fund = 16,600 shares purchased resulting in ownership of 18,287,550 shares; GMT Capital = 500 shares purchased resulting in ownership of 668,030 shares; Claugus = 1,400 shares purchased resulting in ownership of 1,668,900 shares; GMT Exploration = 0 shares purchased resulting in ownership of 0 shares.

SEC source: 0001106191-19-000022 · primary_doc.xml · nonDerivative · entry 8

GMT CAPITAL CORP · CIK 0001106191 · 10% owner

BAY RESOURCE PARTNERS LP · CIK 0000899037 · 10% owner

BAY II RESOURCE PARTNERS LP · CIK 0001161416 · 10% owner

BAY RESOURCE PARTNERS OFFSHORE MASTER FUND, L.P. · CIK 0001733113 · 10% owner

CLAUGUS THOMAS E · CIK 0001075617 · 10% owner

GMT Exploration Co LLC · CIK 0001396794 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 67,675,186

F1 · security: This Form 5 is being jointly filed by Bay Resource Partners, L.P. (Bay), a Delaware limited partnership, Bay II Resource Partners, L.P. (Bay II), a Delaware limited partnership, Bay Resource Partners Offshore Master Fund, L.P. (Bay Offshore), an exempted limited partnership organized under the laws of the Cayman Islands, GMT Exploration Company LLC (GMT Exploration), a Delaware limited liability company, GMT Capital Corp., a Georgia corporation (GMT Capital) on behalf of certain sub-advised accounts managed by it, and Thomas E. Claugus (Claugus), a United States citizen. The foregoing persons are hereinafter sometimes collectively referred to as the Reporting Persons. Bay, Bay II, Bay Offshore, and Claugus, each have the same address as the designated filer in Item 1 of this Form 5. GMT Exploration's address is 1560 Broadway, Suite 2000, Denver, Colorado 80202.

F2 · security: GMT Capital is the general partner of Bay and Bay II and has the power to direct the affairs of Bay and Bay II, including voting and disposition of shares. As the discretionary investment manager of Bay Offshore, GMT Capital has power to direct voting and disposition of shares held by Bay Offshore and certain sub-advised accounts it manages. Claugus is the President of GMT Capital and in that capacity, directs the operations of each of Bay and Bay II and voting and disposition of shares held by Bay Offshore and certain sub-advised accounts. GMT Capital is also the non-discretionary manager of GMT Exploration through a separately managed account relationship. In addition, Claugus owns a substantial interest in GMT Exploration. GMT Capital and Claugus may be deemed to beneficially own indirect pecuniary interest as the result of performance-based fees and profit allocations. Each of GMT Capital and Claugus disclaims such beneficial ownership except to the extent ultimately realized.

F10 · security: The aggregate number of shares of common stock purchased on April 24, 2017, was 994,900 shares, at a price of $2.51 per share, resulting in an aggregate number of shares owned by the Reporting Persons of 44,342,100. Such shares were purchased, and thereafter beneficially owned by the Reporting Persons in the following amounts: Bay = 296,100 shares purchased resulting in ownership of 12,639,890 shares; Bay II = 251,800 shares purchased resulting in ownership of 11,096,230 shares; Offshore Fund = 399,000 shares purchased resulting in ownership of 18,270,950 shares; GMT Capital = 13,200 shares purchased resulting in ownership of 667,530 shares; Claugus = 34,800 shares purchased resulting in ownership of 1,667,500 shares; GMT Exploration = 0 shares purchased resulting in ownership of 0 shares.

SEC source: 0001106191-19-000022 · primary_doc.xml · nonDerivative · entry 7

GMT CAPITAL CORP · CIK 0001106191 · 10% owner

BAY RESOURCE PARTNERS LP · CIK 0000899037 · 10% owner

BAY II RESOURCE PARTNERS LP · CIK 0001161416 · 10% owner

BAY RESOURCE PARTNERS OFFSHORE MASTER FUND, L.P. · CIK 0001733113 · 10% owner

CLAUGUS THOMAS E · CIK 0001075617 · 10% owner

GMT Exploration Co LLC · CIK 0001396794 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 67,675,186

F1 · security: This Form 5 is being jointly filed by Bay Resource Partners, L.P. (Bay), a Delaware limited partnership, Bay II Resource Partners, L.P. (Bay II), a Delaware limited partnership, Bay Resource Partners Offshore Master Fund, L.P. (Bay Offshore), an exempted limited partnership organized under the laws of the Cayman Islands, GMT Exploration Company LLC (GMT Exploration), a Delaware limited liability company, GMT Capital Corp., a Georgia corporation (GMT Capital) on behalf of certain sub-advised accounts managed by it, and Thomas E. Claugus (Claugus), a United States citizen. The foregoing persons are hereinafter sometimes collectively referred to as the Reporting Persons. Bay, Bay II, Bay Offshore, and Claugus, each have the same address as the designated filer in Item 1 of this Form 5. GMT Exploration's address is 1560 Broadway, Suite 2000, Denver, Colorado 80202.

F2 · security: GMT Capital is the general partner of Bay and Bay II and has the power to direct the affairs of Bay and Bay II, including voting and disposition of shares. As the discretionary investment manager of Bay Offshore, GMT Capital has power to direct voting and disposition of shares held by Bay Offshore and certain sub-advised accounts it manages. Claugus is the President of GMT Capital and in that capacity, directs the operations of each of Bay and Bay II and voting and disposition of shares held by Bay Offshore and certain sub-advised accounts. GMT Capital is also the non-discretionary manager of GMT Exploration through a separately managed account relationship. In addition, Claugus owns a substantial interest in GMT Exploration. GMT Capital and Claugus may be deemed to beneficially own indirect pecuniary interest as the result of performance-based fees and profit allocations. Each of GMT Capital and Claugus disclaims such beneficial ownership except to the extent ultimately realized.

F9 · security: The aggregate number of shares of common stock purchased on March 13, 2017, was 518,100 shares, at a price of $2.56 per share, resulting in an aggregate number of shares owned by the Reporting Persons of 43,347,200. Such shares were purchased, and thereafter beneficially owned by the Reporting Persons in the following amounts: Bay = 154,200 shares purchased resulting in ownership of 12,343,790 shares; Bay II = 131,100 shares purchased resulting in ownership of 10,844,430 shares; Offshore Fund = 207,800 shares purchased resulting in ownership of 17,871,950 shares; GMT Capital = 6,900 shares purchased resulting in ownership of 654,330 shares; Claugus = 18,100 shares purchased resulting in ownership of 1,632,700 shares; GMT Exploration = 0 shares purchased resulting in ownership of 0 shares.

SEC source: 0001106191-19-000022 · primary_doc.xml · nonDerivative · entry 6

GMT CAPITAL CORP · CIK 0001106191 · 10% owner

BAY RESOURCE PARTNERS LP · CIK 0000899037 · 10% owner

BAY II RESOURCE PARTNERS LP · CIK 0001161416 · 10% owner

BAY RESOURCE PARTNERS OFFSHORE MASTER FUND, L.P. · CIK 0001733113 · 10% owner

CLAUGUS THOMAS E · CIK 0001075617 · 10% owner

GMT Exploration Co LLC · CIK 0001396794 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 67,675,186

F1 · security: This Form 5 is being jointly filed by Bay Resource Partners, L.P. (Bay), a Delaware limited partnership, Bay II Resource Partners, L.P. (Bay II), a Delaware limited partnership, Bay Resource Partners Offshore Master Fund, L.P. (Bay Offshore), an exempted limited partnership organized under the laws of the Cayman Islands, GMT Exploration Company LLC (GMT Exploration), a Delaware limited liability company, GMT Capital Corp., a Georgia corporation (GMT Capital) on behalf of certain sub-advised accounts managed by it, and Thomas E. Claugus (Claugus), a United States citizen. The foregoing persons are hereinafter sometimes collectively referred to as the Reporting Persons. Bay, Bay II, Bay Offshore, and Claugus, each have the same address as the designated filer in Item 1 of this Form 5. GMT Exploration's address is 1560 Broadway, Suite 2000, Denver, Colorado 80202.

F2 · security: GMT Capital is the general partner of Bay and Bay II and has the power to direct the affairs of Bay and Bay II, including voting and disposition of shares. As the discretionary investment manager of Bay Offshore, GMT Capital has power to direct voting and disposition of shares held by Bay Offshore and certain sub-advised accounts it manages. Claugus is the President of GMT Capital and in that capacity, directs the operations of each of Bay and Bay II and voting and disposition of shares held by Bay Offshore and certain sub-advised accounts. GMT Capital is also the non-discretionary manager of GMT Exploration through a separately managed account relationship. In addition, Claugus owns a substantial interest in GMT Exploration. GMT Capital and Claugus may be deemed to beneficially own indirect pecuniary interest as the result of performance-based fees and profit allocations. Each of GMT Capital and Claugus disclaims such beneficial ownership except to the extent ultimately realized.

F8 · security: The aggregate number of shares of common stock purchased on March 6, 2017, was 716,400 shares, at a price of $2.67 per share, resulting in an aggregate number of shares owned by the Reporting Persons of 42,829,100. Such shares were purchased, and thereafter beneficially owned by the Reporting Persons in the following amounts: Bay = 213,200 shares purchased resulting in ownership of 12,189,590 shares; Bay II = 181,300 shares purchased resulting in ownership of 10,713,330 shares; Offshore Fund = 287,400 shares purchased resulting in ownership of 17,664,150 shares; GMT Capital = 9,500 shares purchased resulting in ownership of 647,430 shares; Claugus = 25,000 shares purchased resulting in ownership of 1,614,600 shares; GMT Exploration = 0 shares purchased resulting in ownership of 0 shares.

SEC source: 0001106191-19-000022 · primary_doc.xml · nonDerivative · entry 5

GMT CAPITAL CORP · CIK 0001106191 · 10% owner

BAY RESOURCE PARTNERS LP · CIK 0000899037 · 10% owner

BAY II RESOURCE PARTNERS LP · CIK 0001161416 · 10% owner

BAY RESOURCE PARTNERS OFFSHORE MASTER FUND, L.P. · CIK 0001733113 · 10% owner

CLAUGUS THOMAS E · CIK 0001075617 · 10% owner

GMT Exploration Co LLC · CIK 0001396794 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 67,675,186

F1 · security: This Form 5 is being jointly filed by Bay Resource Partners, L.P. (Bay), a Delaware limited partnership, Bay II Resource Partners, L.P. (Bay II), a Delaware limited partnership, Bay Resource Partners Offshore Master Fund, L.P. (Bay Offshore), an exempted limited partnership organized under the laws of the Cayman Islands, GMT Exploration Company LLC (GMT Exploration), a Delaware limited liability company, GMT Capital Corp., a Georgia corporation (GMT Capital) on behalf of certain sub-advised accounts managed by it, and Thomas E. Claugus (Claugus), a United States citizen. The foregoing persons are hereinafter sometimes collectively referred to as the Reporting Persons. Bay, Bay II, Bay Offshore, and Claugus, each have the same address as the designated filer in Item 1 of this Form 5. GMT Exploration's address is 1560 Broadway, Suite 2000, Denver, Colorado 80202.

F2 · security: GMT Capital is the general partner of Bay and Bay II and has the power to direct the affairs of Bay and Bay II, including voting and disposition of shares. As the discretionary investment manager of Bay Offshore, GMT Capital has power to direct voting and disposition of shares held by Bay Offshore and certain sub-advised accounts it manages. Claugus is the President of GMT Capital and in that capacity, directs the operations of each of Bay and Bay II and voting and disposition of shares held by Bay Offshore and certain sub-advised accounts. GMT Capital is also the non-discretionary manager of GMT Exploration through a separately managed account relationship. In addition, Claugus owns a substantial interest in GMT Exploration. GMT Capital and Claugus may be deemed to beneficially own indirect pecuniary interest as the result of performance-based fees and profit allocations. Each of GMT Capital and Claugus disclaims such beneficial ownership except to the extent ultimately realized.

F7 · security: The aggregate number of shares of common stock purchased on March 3, 2017, was 319,800 shares, at a price of $2.64 per share, resulting in an aggregate number of shares owned by the Reporting Persons of 42,112,700. Such shares were purchased, and thereafter beneficially owned by the Reporting Persons in the following amounts: Bay = 95,200 shares purchased resulting in ownership of 11,976,390 shares; Bay II = 81000 shares purchased resulting in ownership of 10,532,030 shares; Offshore Fund = 128,200 shares purchased resulting in ownership of 17,376,750 shares; GMT Capital = 4,200 shares purchased resulting in ownership of 637,930 shares; Claugus = 11,200 shares purchased resulting in ownership of 1,589,600 shares; GMT Exploration = 0 shares purchased resulting in ownership of 0 shares.

SEC source: 0001106191-19-000022 · primary_doc.xml · nonDerivative · entry 4

GMT CAPITAL CORP · CIK 0001106191 · 10% owner

BAY RESOURCE PARTNERS LP · CIK 0000899037 · 10% owner

BAY II RESOURCE PARTNERS LP · CIK 0001161416 · 10% owner

BAY RESOURCE PARTNERS OFFSHORE MASTER FUND, L.P. · CIK 0001733113 · 10% owner

CLAUGUS THOMAS E · CIK 0001075617 · 10% owner

GMT Exploration Co LLC · CIK 0001396794 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 67,675,186

F1 · security: This Form 5 is being jointly filed by Bay Resource Partners, L.P. (Bay), a Delaware limited partnership, Bay II Resource Partners, L.P. (Bay II), a Delaware limited partnership, Bay Resource Partners Offshore Master Fund, L.P. (Bay Offshore), an exempted limited partnership organized under the laws of the Cayman Islands, GMT Exploration Company LLC (GMT Exploration), a Delaware limited liability company, GMT Capital Corp., a Georgia corporation (GMT Capital) on behalf of certain sub-advised accounts managed by it, and Thomas E. Claugus (Claugus), a United States citizen. The foregoing persons are hereinafter sometimes collectively referred to as the Reporting Persons. Bay, Bay II, Bay Offshore, and Claugus, each have the same address as the designated filer in Item 1 of this Form 5. GMT Exploration's address is 1560 Broadway, Suite 2000, Denver, Colorado 80202.

F2 · security: GMT Capital is the general partner of Bay and Bay II and has the power to direct the affairs of Bay and Bay II, including voting and disposition of shares. As the discretionary investment manager of Bay Offshore, GMT Capital has power to direct voting and disposition of shares held by Bay Offshore and certain sub-advised accounts it manages. Claugus is the President of GMT Capital and in that capacity, directs the operations of each of Bay and Bay II and voting and disposition of shares held by Bay Offshore and certain sub-advised accounts. GMT Capital is also the non-discretionary manager of GMT Exploration through a separately managed account relationship. In addition, Claugus owns a substantial interest in GMT Exploration. GMT Capital and Claugus may be deemed to beneficially own indirect pecuniary interest as the result of performance-based fees and profit allocations. Each of GMT Capital and Claugus disclaims such beneficial ownership except to the extent ultimately realized.

F6 · security: The aggregate number of shares of common stock purchased on March 1, 2017, was 288,100 shares, at a price of $2.62 per share, resulting in an aggregate number of shares owned by the Reporting Persons of 41,792,900. Such shares were purchased, and thereafter beneficially owned by the Reporting Persons in the following amounts: Bay = 85,700 shares purchased resulting in ownership of 11,881,190 shares; Bay II = 73,000 shares purchased resulting in ownership of 10,451,030 shares; Offshore Fund = 115,500 shares purchased resulting in ownership of 17,248,550 shares; GMT Capital = 3,800 shares purchased resulting in ownership of 633,730 shares; Claugus = 10,100 shares purchased resulting in ownership of 1,578,400 shares; GMT Exploration = 0 shares purchased resulting in ownership of 0 shares.

SEC source: 0001106191-19-000022 · primary_doc.xml · nonDerivative · entry 3

GMT CAPITAL CORP · CIK 0001106191 · 10% owner

BAY RESOURCE PARTNERS LP · CIK 0000899037 · 10% owner

BAY II RESOURCE PARTNERS LP · CIK 0001161416 · 10% owner

BAY RESOURCE PARTNERS OFFSHORE MASTER FUND, L.P. · CIK 0001733113 · 10% owner

CLAUGUS THOMAS E · CIK 0001075617 · 10% owner

GMT Exploration Co LLC · CIK 0001396794 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 67,675,186

F1 · security: This Form 5 is being jointly filed by Bay Resource Partners, L.P. (Bay), a Delaware limited partnership, Bay II Resource Partners, L.P. (Bay II), a Delaware limited partnership, Bay Resource Partners Offshore Master Fund, L.P. (Bay Offshore), an exempted limited partnership organized under the laws of the Cayman Islands, GMT Exploration Company LLC (GMT Exploration), a Delaware limited liability company, GMT Capital Corp., a Georgia corporation (GMT Capital) on behalf of certain sub-advised accounts managed by it, and Thomas E. Claugus (Claugus), a United States citizen. The foregoing persons are hereinafter sometimes collectively referred to as the Reporting Persons. Bay, Bay II, Bay Offshore, and Claugus, each have the same address as the designated filer in Item 1 of this Form 5. GMT Exploration's address is 1560 Broadway, Suite 2000, Denver, Colorado 80202.

F2 · security: GMT Capital is the general partner of Bay and Bay II and has the power to direct the affairs of Bay and Bay II, including voting and disposition of shares. As the discretionary investment manager of Bay Offshore, GMT Capital has power to direct voting and disposition of shares held by Bay Offshore and certain sub-advised accounts it manages. Claugus is the President of GMT Capital and in that capacity, directs the operations of each of Bay and Bay II and voting and disposition of shares held by Bay Offshore and certain sub-advised accounts. GMT Capital is also the non-discretionary manager of GMT Exploration through a separately managed account relationship. In addition, Claugus owns a substantial interest in GMT Exploration. GMT Capital and Claugus may be deemed to beneficially own indirect pecuniary interest as the result of performance-based fees and profit allocations. Each of GMT Capital and Claugus disclaims such beneficial ownership except to the extent ultimately realized.

F5 · security: The aggregate number of shares of common stock purchased on February 28, 2017, was 214,600 shares, at a price of $2.61 per share, resulting in an aggregate number of shares owned by the Reporting Persons of 41,504,800. Such shares were purchased, and thereafter beneficially owned by the Reporting Persons in the following amounts: Bay = 63,900 shares purchased resulting in ownership of 11,795,490 shares; Bay II = 54,300 shares purchased resulting in ownership of 10,378,030 shares; Offshore Fund = 86,100 shares purchased resulting in ownership of 17,133,050 shares; GMT Capital = 2,800 shares purchased resulting in ownership of 629,930 shares; Claugus = 7,500 shares purchased resulting in ownership of 1,568,300 shares; GMT Exploration = 0 shares purchased resulting in ownership of 0 shares.

SEC source: 0001106191-19-000022 · primary_doc.xml · nonDerivative · entry 2

GMT CAPITAL CORP · CIK 0001106191 · 10% owner

BAY RESOURCE PARTNERS LP · CIK 0000899037 · 10% owner

BAY II RESOURCE PARTNERS LP · CIK 0001161416 · 10% owner

BAY RESOURCE PARTNERS OFFSHORE MASTER FUND, L.P. · CIK 0001733113 · 10% owner

CLAUGUS THOMAS E · CIK 0001075617 · 10% owner

GMT Exploration Co LLC · CIK 0001396794 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 67,675,186

F1 · security: This Form 5 is being jointly filed by Bay Resource Partners, L.P. (Bay), a Delaware limited partnership, Bay II Resource Partners, L.P. (Bay II), a Delaware limited partnership, Bay Resource Partners Offshore Master Fund, L.P. (Bay Offshore), an exempted limited partnership organized under the laws of the Cayman Islands, GMT Exploration Company LLC (GMT Exploration), a Delaware limited liability company, GMT Capital Corp., a Georgia corporation (GMT Capital) on behalf of certain sub-advised accounts managed by it, and Thomas E. Claugus (Claugus), a United States citizen. The foregoing persons are hereinafter sometimes collectively referred to as the Reporting Persons. Bay, Bay II, Bay Offshore, and Claugus, each have the same address as the designated filer in Item 1 of this Form 5. GMT Exploration's address is 1560 Broadway, Suite 2000, Denver, Colorado 80202.

F2 · security: GMT Capital is the general partner of Bay and Bay II and has the power to direct the affairs of Bay and Bay II, including voting and disposition of shares. As the discretionary investment manager of Bay Offshore, GMT Capital has power to direct voting and disposition of shares held by Bay Offshore and certain sub-advised accounts it manages. Claugus is the President of GMT Capital and in that capacity, directs the operations of each of Bay and Bay II and voting and disposition of shares held by Bay Offshore and certain sub-advised accounts. GMT Capital is also the non-discretionary manager of GMT Exploration through a separately managed account relationship. In addition, Claugus owns a substantial interest in GMT Exploration. GMT Capital and Claugus may be deemed to beneficially own indirect pecuniary interest as the result of performance-based fees and profit allocations. Each of GMT Capital and Claugus disclaims such beneficial ownership except to the extent ultimately realized.

F4 · security: The aggregate number of shares of common stock purchased on February 27, 2017, was 533,500 shares, at a price of $2.61 per share, resulting in an aggregate number of shares owned by the Reporting Persons of 41,290,200. Such shares were purchased, and thereafter beneficially owned, by the Reporting Persons in the following amounts: Bay = 158,800 shares purchased resulting in ownership of 11,731,590 shares; Bay II = 135,000 shares purchased resulting in ownership of 10,323,730 shares; Offshore Fund = 214,000 shares purchased resulting in ownership of 17,046,950 shares; GMT Capital = 7,100 shares purchased resulting in ownership of 627,130 shares; Claugus = 18,600 shares purchased resulting in ownership of 1,560,800 shares; GMT Exploration = 0 shares purchased resulting in ownership of 0 shares.