you need something to demerge . nothing wrong with building asset base until you decide exactly what you are going to do. Kar tried to float brazilian oil assets but didnt get right price so held on.
gas business is small here, and mainly used as a hedge for future gas supply so more important that they take their time and get it right rather than just demerge. ego will take some time to sort so will have to see what next 6 months brings.
Baraka
EPW Price at posting:
$2.29 Sentiment: Buy Disclosure: Held