Here is some interesting history about Meridian and the Dawson...

Here is some interesting history about Meridian and the Dawson valley pipeline. The legal transcription alludes to the pipeline having more value than recognized in a deal between Origin and Anglo.

http://www.aer.gov.au/sites/default/files/Minter%20Ellison%20email%20to%20ACCC,%2016%20March%202007%20(public%20copy).pdf

Only a few years later the pipeline was discounted a second time when Anglo passed it's 51% to WCL . It got Anglo out of a legal tussle with AGL over their GSA and at the same time they were expanding their coal interests in the same area -in other words they dropped csg which was proving difficult and wasn't their core competency to focus on the Dawson mine when coal prices were going through the roof.

Now gas prices are about to go through the roof.