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		<n1:nameOfIssuer>ACUITY BRANDS INC</n1:nameOfIssuer>
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		<n1:nameOfIssuer>ADOBE INC</n1:nameOfIssuer>
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		<n1:nameOfIssuer>ALLISON TRANSMISSION HOLDING</n1:nameOfIssuer>
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		<n1:nameOfIssuer>AMPHASTAR PHARMACEUTICALS IN</n1:nameOfIssuer>
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		<n1:nameOfIssuer>ANI PHARMACEUTICALS INC</n1:nameOfIssuer>
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		<n1:nameOfIssuer>APPLIED INDUSTRIAL TECH INC</n1:nameOfIssuer>
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		<n1:nameOfIssuer>ARROW ELECTRONICS INC</n1:nameOfIssuer>
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		<n1:nameOfIssuer>AURA MINERALS INC</n1:nameOfIssuer>
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		<n1:nameOfIssuer>AVIDIA BANCORP INC</n1:nameOfIssuer>
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		<n1:nameOfIssuer>AVNET INC</n1:nameOfIssuer>
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		<n1:nameOfIssuer>BANK OF N.T. BUTTERFIELD&amp;SON</n1:nameOfIssuer>
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		<n1:nameOfIssuer>BAR HARBOR BANKSHARES</n1:nameOfIssuer>
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		<n1:nameOfIssuer>BARRETT BUSINESS SVCS INC</n1:nameOfIssuer>
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		<n1:nameOfIssuer>BELDEN INC</n1:nameOfIssuer>
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		<n1:nameOfIssuer>BLACK HILLS CORP</n1:nameOfIssuer>
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		<n1:nameOfIssuer>BOK FINANCIAL CORPORATION</n1:nameOfIssuer>
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		<n1:nameOfIssuer>BOOKING HOLDINGS INC</n1:nameOfIssuer>
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		<n1:nameOfIssuer>BUCKLE INC/THE</n1:nameOfIssuer>
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		<n1:nameOfIssuer>BUSINESS FIRST BANCSHARES</n1:nameOfIssuer>
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		<n1:nameOfIssuer>CABOT CORP</n1:nameOfIssuer>
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			<n1:sshPrnamt>23073</n1:sshPrnamt>
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		<n1:nameOfIssuer>CAPITAL ONE FINANCIAL CORP</n1:nameOfIssuer>
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		<n1:nameOfIssuer>CARLISLE COS INC</n1:nameOfIssuer>
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		<n1:nameOfIssuer>CHUBB LTD</n1:nameOfIssuer>
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		<n1:nameOfIssuer>CITY HOLDING CO</n1:nameOfIssuer>
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		<n1:nameOfIssuer>COMMERCIAL BANCGROUP INC</n1:nameOfIssuer>
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		<n1:nameOfIssuer>COVENANT LOGISTICS GROUP INC</n1:nameOfIssuer>
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		<n1:nameOfIssuer>CREDICORP LTD</n1:nameOfIssuer>
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		<n1:cusip>G2519Y108</n1:cusip>
		<n1:value>569805</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>1500</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>1500</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>CULLEN/FROST BANKERS INC</n1:nameOfIssuer>
		<n1:titleOfClass>CommonStock</n1:titleOfClass>
		<n1:cusip>229899109</n1:cusip>
		<n1:value>19129551</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>125300</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>125300</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>CVR ENERGY INC</n1:nameOfIssuer>
		<n1:titleOfClass>CommonStock</n1:titleOfClass>
		<n1:cusip>12662P108</n1:cusip>
		<n1:value>2651480</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>52000</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>52000</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>CVS HEALTH CORP</n1:nameOfIssuer>
		<n1:titleOfClass>CommonStock</n1:titleOfClass>
		<n1:cusip>126650100</n1:cusip>
		<n1:value>29614464</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>345600</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>345600</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>CYTOKINETICS INC</n1:nameOfIssuer>
		<n1:titleOfClass>CommonStock</n1:titleOfClass>
		<n1:cusip>23282W605</n1:cusip>
		<n1:value>22811451</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>346100</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>346100</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>DIAMONDBACK ENERGY INC</n1:nameOfIssuer>
		<n1:titleOfClass>CommonStock</n1:titleOfClass>
		<n1:cusip>25278X109</n1:cusip>
		<n1:value>1961253</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>10670</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>10670</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>DNOW INC</n1:nameOfIssuer>
		<n1:titleOfClass>CommonStock</n1:titleOfClass>
		<n1:cusip>67011P100</n1:cusip>
		<n1:value>1829000</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>118000</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>118000</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>EAGLE MATERIALS INC</n1:nameOfIssuer>
		<n1:titleOfClass>CommonStock</n1:titleOfClass>
		<n1:cusip>26969P108</n1:cusip>
		<n1:value>1641792</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>9600</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>9600</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>EASTMAN CHEMICAL CO</n1:nameOfIssuer>
		<n1:titleOfClass>CommonStock</n1:titleOfClass>
		<n1:cusip>277432100</n1:cusip>
		<n1:value>15905252</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>245300</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>245300</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ELEVANCE HEALTH INC</n1:nameOfIssuer>
		<n1:titleOfClass>CommonStock</n1:titleOfClass>
		<n1:cusip>036752103</n1:cusip>
		<n1:value>15989834</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>41124</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>41124</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>EPLUS INC</n1:nameOfIssuer>
		<n1:titleOfClass>CommonStock</n1:titleOfClass>
		<n1:cusip>294268107</n1:cusip>
		<n1:value>2493277</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>27700</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>27700</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ESSENTIAL PROPERTIES REALTY</n1:nameOfIssuer>
		<n1:titleOfClass>CommonStock</n1:titleOfClass>
		<n1:cusip>29670E107</n1:cusip>
		<n1:value>1171774</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>45400</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>45400</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>EXELIXIS INC</n1:nameOfIssuer>
		<n1:titleOfClass>CommonStock</n1:titleOfClass>
		<n1:cusip>30161Q104</n1:cusip>
		<n1:value>1325907</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>22700</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>22700</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>GAMING AND LEISURE PROPERTIE</n1:nameOfIssuer>
		<n1:titleOfClass>CommonStock</n1:titleOfClass>
		<n1:cusip>36467J108</n1:cusip>
		<n1:value>7783850</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>205000</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>205000</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>GENERAL DYNAMICS CORP.</n1:nameOfIssuer>
		<n1:titleOfClass>CommonStock</n1:titleOfClass>
		<n1:cusip>369550108</n1:cusip>
		<n1:value>15671335</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>47227</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>47227</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>GENPACT LTD</n1:nameOfIssuer>
		<n1:titleOfClass>CommonStock</n1:titleOfClass>
		<n1:cusip>G3922B107</n1:cusip>
		<n1:value>17605236</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>541200</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>541200</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>HARMONY BIOSCIENCES HOLDINGS</n1:nameOfIssuer>
		<n1:titleOfClass>CommonStock</n1:titleOfClass>
		<n1:cusip>413197104</n1:cusip>
		<n1:value>1334840</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>34000</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>34000</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>HCI GROUP INC</n1:nameOfIssuer>
		<n1:titleOfClass>CommonStock</n1:titleOfClass>
		<n1:cusip>40416E103</n1:cusip>
		<n1:value>1216740</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>7000</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>7000</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>HNI CORP</n1:nameOfIssuer>
		<n1:titleOfClass>CommonStock</n1:titleOfClass>
		<n1:cusip>404251100</n1:cusip>
		<n1:value>2016740</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>44500</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>44500</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>HOMETRUST BANCSHARES INC</n1:nameOfIssuer>
		<n1:titleOfClass>CommonStock</n1:titleOfClass>
		<n1:cusip>437872104</n1:cusip>
		<n1:value>4723464</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>103200</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>103200</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>INDEPENDENT BANK CORP/MA</n1:nameOfIssuer>
		<n1:titleOfClass>CommonStock</n1:titleOfClass>
		<n1:cusip>453836108</n1:cusip>
		<n1:value>2736308</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>35239</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>35239</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>INGLES MARKETS INC-CLASS A</n1:nameOfIssuer>
		<n1:titleOfClass>CommonStock</n1:titleOfClass>
		<n1:cusip>457030104</n1:cusip>
		<n1:value>2186914</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>25783</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>25783</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>INGREDION INC</n1:nameOfIssuer>
		<n1:titleOfClass>CommonStock</n1:titleOfClass>
		<n1:cusip>457187102</n1:cusip>
		<n1:value>20944066</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>218600</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>218600</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>INTERNATIONAL BANCSHARES CORP</n1:nameOfIssuer>
		<n1:titleOfClass>CommonStock</n1:titleOfClass>
		<n1:cusip>459044103</n1:cusip>
		<n1:value>20918373</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>305400</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>305400</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>ITRON INC</n1:nameOfIssuer>
		<n1:titleOfClass>CommonStock</n1:titleOfClass>
		<n1:cusip>465741106</n1:cusip>
		<n1:value>1916748</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>22200</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>22200</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>JAZZ PHARMACEUTICALS PLC</n1:nameOfIssuer>
		<n1:titleOfClass>CommonStock</n1:titleOfClass>
		<n1:cusip>G50871105</n1:cusip>
		<n1:value>74194288</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>320466</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>313266</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>JPMORGAN CHASE &amp; CO</n1:nameOfIssuer>
		<n1:titleOfClass>CommonStock</n1:titleOfClass>
		<n1:cusip>46625H100</n1:cusip>
		<n1:value>28580735</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>86391</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>86391</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>LANTHEUS HOLDINGS INC</n1:nameOfIssuer>
		<n1:titleOfClass>CommonStock</n1:titleOfClass>
		<n1:cusip>516544103</n1:cusip>
		<n1:value>39403927</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>395900</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>395900</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>LAUREATE EDUCATION INC</n1:nameOfIssuer>
		<n1:titleOfClass>CommonStock</n1:titleOfClass>
		<n1:cusip>518613203</n1:cusip>
		<n1:value>2346840</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>61500</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>61500</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>LIMBACH HOLDINGS INC</n1:nameOfIssuer>
		<n1:titleOfClass>CommonStock</n1:titleOfClass>
		<n1:cusip>53263P105</n1:cusip>
		<n1:value>2231208</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>45600</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>45600</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>LINDE PLC</n1:nameOfIssuer>
		<n1:titleOfClass>CommonStock</n1:titleOfClass>
		<n1:cusip>G54950103</n1:cusip>
		<n1:value>47377664</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>99816</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>97494</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>LKQ CORP</n1:nameOfIssuer>
		<n1:titleOfClass>CommonStock</n1:titleOfClass>
		<n1:cusip>501889208</n1:cusip>
		<n1:value>5926668</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>259600</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>259600</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>M &amp; T BANK CORP</n1:nameOfIssuer>
		<n1:titleOfClass>CommonStock</n1:titleOfClass>
		<n1:cusip>55261F104</n1:cusip>
		<n1:value>15427840</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>70900</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>70900</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>MARATHON PETROLEUM CORP</n1:nameOfIssuer>
		<n1:titleOfClass>CommonStock</n1:titleOfClass>
		<n1:cusip>56585A102</n1:cusip>
		<n1:value>34196712</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>86482</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>86482</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>NETSTREIT CORP</n1:nameOfIssuer>
		<n1:titleOfClass>CommonStock</n1:titleOfClass>
		<n1:cusip>64119V303</n1:cusip>
		<n1:value>1403792</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>79400</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>79400</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>NEXTERA ENERGY INC</n1:nameOfIssuer>
		<n1:titleOfClass>CommonStock</n1:titleOfClass>
		<n1:cusip>65339F101</n1:cusip>
		<n1:value>14485805</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>191257</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>191257</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>NMI HOLDINGS INC</n1:nameOfIssuer>
		<n1:titleOfClass>CommonStock</n1:titleOfClass>
		<n1:cusip>629209305</n1:cusip>
		<n1:value>2078724</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>55700</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>55700</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>NOMAD FOODS LTD</n1:nameOfIssuer>
		<n1:titleOfClass>CommonStock</n1:titleOfClass>
		<n1:cusip>G6564A105</n1:cusip>
		<n1:value>6964486</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>674200</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>642100</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>NORTHEAST BANK</n1:nameOfIssuer>
		<n1:titleOfClass>CommonStock</n1:titleOfClass>
		<n1:cusip>66405S100</n1:cusip>
		<n1:value>5490504</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>44400</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>44400</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>OFG BANCORP</n1:nameOfIssuer>
		<n1:titleOfClass>CommonStock</n1:titleOfClass>
		<n1:cusip>67103X102</n1:cusip>
		<n1:value>5383600</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>107500</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>107500</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>PDD HOLDINGS INC</n1:nameOfIssuer>
		<n1:titleOfClass>ADR</n1:titleOfClass>
		<n1:cusip>722304102</n1:cusip>
		<n1:value>2727900</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>35000</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>35000</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>PEOPLES BANCORP INC</n1:nameOfIssuer>
		<n1:titleOfClass>CommonStock</n1:titleOfClass>
		<n1:cusip>709789101</n1:cusip>
		<n1:value>2919882</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>79800</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>79800</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>PERDOCEO EDUCATION CORP</n1:nameOfIssuer>
		<n1:titleOfClass>CommonStock</n1:titleOfClass>
		<n1:cusip>71363P106</n1:cusip>
		<n1:value>1562470</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>50500</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>50500</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>PHILLIPS EDISON &amp; COMPANY IN</n1:nameOfIssuer>
		<n1:titleOfClass>CommonStock</n1:titleOfClass>
		<n1:cusip>71844V201</n1:cusip>
		<n1:value>1445058</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>38700</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>38700</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>POPULAR INC</n1:nameOfIssuer>
		<n1:titleOfClass>CommonStock</n1:titleOfClass>
		<n1:cusip>733174700</n1:cusip>
		<n1:value>78803978</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>506941</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>497741</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>PROGRESS SOFTWARE CORP</n1:nameOfIssuer>
		<n1:titleOfClass>CommonStock</n1:titleOfClass>
		<n1:cusip>743312100</n1:cusip>
		<n1:value>935298</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>23400</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>23400</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>REGENERON PHARMACEUTICALS</n1:nameOfIssuer>
		<n1:titleOfClass>CommonStock</n1:titleOfClass>
		<n1:cusip>75886F107</n1:cusip>
		<n1:value>18987081</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>25040</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>25040</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>SABRA HEALTH CARE REIT INC</n1:nameOfIssuer>
		<n1:titleOfClass>CommonStock</n1:titleOfClass>
		<n1:cusip>78573L106</n1:cusip>
		<n1:value>1193060</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>60500</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>60500</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>SLM CORP</n1:nameOfIssuer>
		<n1:titleOfClass>CommonStock</n1:titleOfClass>
		<n1:cusip>78442P106</n1:cusip>
		<n1:value>23327004</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>1030800</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>1030800</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>SMURFIT WESTROCK PLC</n1:nameOfIssuer>
		<n1:titleOfClass>CommonStock</n1:titleOfClass>
		<n1:cusip>G8267P108</n1:cusip>
		<n1:value>65717908</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>1490202</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>1460050</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>SOUTH PLAINS FINANCIAL INC</n1:nameOfIssuer>
		<n1:titleOfClass>CommonStock</n1:titleOfClass>
		<n1:cusip>83946P107</n1:cusip>
		<n1:value>5049330</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>121000</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>121000</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>SOUTHSIDE BANCSHARES INC</n1:nameOfIssuer>
		<n1:titleOfClass>CommonStock</n1:titleOfClass>
		<n1:cusip>84470P109</n1:cusip>
		<n1:value>2110353</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>70158</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>70158</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>SOUTHSTATE BANK CORP</n1:nameOfIssuer>
		<n1:titleOfClass>CommonStock</n1:titleOfClass>
		<n1:cusip>84472E102</n1:cusip>
		<n1:value>2903269</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>29161</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>29161</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>SUPERNUS PHARMACEUTICALS INC</n1:nameOfIssuer>
		<n1:titleOfClass>CommonStock</n1:titleOfClass>
		<n1:cusip>868459108</n1:cusip>
		<n1:value>968400</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>22500</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>22500</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>TYSON FOODS INC-CL A</n1:nameOfIssuer>
		<n1:titleOfClass>CommonStock</n1:titleOfClass>
		<n1:cusip>902494103</n1:cusip>
		<n1:value>13804796</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>273200</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>273200</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>UNITED THERAPEUTICS CORP</n1:nameOfIssuer>
		<n1:titleOfClass>CommonStock</n1:titleOfClass>
		<n1:cusip>91307C102</n1:cusip>
		<n1:value>26525516</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>48950</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>48950</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>V2X INC</n1:nameOfIssuer>
		<n1:titleOfClass>CommonStock</n1:titleOfClass>
		<n1:cusip>92242T101</n1:cusip>
		<n1:value>2172639</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>30700</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
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		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>30700</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>WAYSTAR HOLDING CORP</n1:nameOfIssuer>
		<n1:titleOfClass>CommonStock</n1:titleOfClass>
		<n1:cusip>946784105</n1:cusip>
		<n1:value>2369290</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>93500</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>93500</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
	<n1:infoTable>
		<n1:nameOfIssuer>WILLIAMS COS INC</n1:nameOfIssuer>
		<n1:titleOfClass>CommonStock</n1:titleOfClass>
		<n1:cusip>969457100</n1:cusip>
		<n1:value>15646694</n1:value>
		<n1:shrsOrPrnAmt>
			<n1:sshPrnamt>230200</n1:sshPrnamt>
			<n1:sshPrnamtType>SH</n1:sshPrnamtType>
		</n1:shrsOrPrnAmt>
		<n1:investmentDiscretion>SOLE</n1:investmentDiscretion>
		<n1:votingAuthority>
			<n1:Sole>230200</n1:Sole>
			<n1:Shared>0</n1:Shared>
			<n1:None>0</n1:None>
		</n1:votingAuthority>
	</n1:infoTable>
</n1:informationTable>
