I hear people talk about this great experience of AC, long international experience, great at dealmaking a man made for transforming a small cap oiler into a medium cap oiler. But can you please tell me what trackrecord he has when it comes to actually building an oil company? Well they had assets in south america which did not materliaze, they had assets in Azerbadjan that did not materialize, they had an asset which they pretty much guaranteed was going to work in Congo. Now they are talking about Yemen, Tunisia which also have issues. The point I am making is that the last few years the only person who has made any money from Zenith is managment, yeah sure a few lucky traders, but it is the worst performing oiler in all of Oslo. Why is this time any different? You can be as good as you want in deal making but the lack of operational experience and constant failures are not reasuring to shareholders. Everyone here is dreaming about a whale buying into Zenith etc. But think for one second, AC has been trying to sell this to the professional oil investors in Oslo for years and has not gotten anyone worth mentioning to bite. So please lets call it what it is, it is a complete mess where shareholders have been diluted and not gotten what has been the target for years. However, if they actually manage to land anything and get producing oil fields, yes then they will probably make some money and the dilution has not been for nothing.

At the start of 2023 everyone was saying that things would work out by easter, I said that things will probably not be resolved this year, maybe if everything goes according to plan by summer. Everyone laughed at me, but to be frank the negative people in this stock have been historically correct. I hope for all the shareholders that they get something good and that the SP goes through the roof. However, I need to at least try and give a somewhat different view of the overly optimistic people here. There are plenty of oilers in Oslo that are undervalued that does not dilute shareholders, pays dividens and makes great money, so I think you will find a hard time getting people to invest. In these times with a bit turbulence in the market large investors are not interested in being invested in micro stocks with very bad liquidity. Sad but true.