Cue Energy dispatches target’s statement on Horizon Oil takeover bid

Cue Energy Resources Limited ( (AU:CUE) ) has provided an announcement.

Cue Energy Resources has begun distributing its target’s statement to shareholders in response to Horizon Oil Limited’s unsolicited, off-market takeover offer for all Cue shares it does not already own. Shareholders who have opted for electronic communications will receive an email linking to the document, while all registered holders will get a postal letter with access details and can request a hard copy if required.

The release marks a formal step in Cue’s defence and disclosure process, ensuring investors have the company’s detailed views on the Horizon bid as they assess the merits of the offer. By completing the dispatch and providing multiple access channels, Cue is seeking to maintain transparency and engagement with its shareholder base during the takeover period and to support informed decision-making among stakeholders.

The most recent analyst rating on (AU:CUE) stock is a Hold with a A$0.16 price target. To see the full list of analyst forecasts on Cue Energy Resources Limited stock, see the AU:CUE Stock Forecast page.

More about Cue Energy Resources Limited

Cue Energy Resources Limited is an ASX-listed oil and gas production and exploration company based in Melbourne. It generates revenue from gas and oil production across assets in Indonesia’s Mahato and Sampang PSCs, Australia’s Mereenie, Palm Valley and Dingo fields, and New Zealand’s offshore Maari field, positioning it as a regional upstream player in the Asia-Pacific energy sector.

Average Trading Volume: 662,064

Technical Sentiment Signal: Buy

Current Market Cap: A$105M

For a thorough assessment of CUE stock, go to TipRanks’ Stock Analysis page.