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The latest announcement is out from Cue Energy Resources Limited ( (AU:CUE) ).
Cue Energy Resources has confirmed that Horizon Oil has dispatched its replacement bidder’s statement for an unsolicited, off‑market takeover offer to acquire all Cue shares it does not already own. The offer is scheduled to close on 5 June 2026, subject to extension or withdrawal, and remains highly conditional at this stage.
Cue’s Independent Board Committee has urged shareholders to take no action and not respond to Horizon’s documents until they receive Cue’s formal Target’s Statement and recommendation, expected by 7 April 2026. The board emphasises that shareholders will have significant time to decide their response, underscoring ongoing uncertainty around the bid and its implications for control of the company.
The most recent analyst rating on (AU:CUE) stock is a Hold with a A$0.13 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. The company 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, highlighting its regional focus in Asia-Pacific energy markets.
Average Trading Volume: 505,416
Technical Sentiment Signal: Buy
Current Market Cap: A$94.47M
For detailed information about CUE stock, go to TipRanks’ Stock Analysis page.