Ann: Reserves Update - 184% Increase in 2P Reserves, page-4

Surprised this thing won't move after successive good news.
The only explanation is that the company has to rebuild trust with investors are a long-run of disappointments, not to mention deals that seem more concerned with ensuring directors get fat fees than generating shareholder returns . In this regard, the de-merger of TSV's North American assets springs firmly to mind. Here, we were told that the de-merger would simplify investment and development of our North American assets, and then, later we discover that WBE (after a hasty rename) is getting back into Canadian shale. And still, TSV Monteray continues to provide nice fees to the directors and, I as a shareholder in that entity, have no idea what is going on with MY assets.
Messina seems to be pushing the company in the right direction, but its going to take some time, it seems, to overcome historical perceptions of how (and for whom) this company is run.