Horizon advances off-market bid with despatch of new Cue takeover statement

Cue Energy Resources Limited ( (AU:CUE) ) just unveiled an announcement.

Horizon Oil Limited has formally progressed its off-market takeover bid for all ordinary shares in Cue Energy Resources Limited that it does not already control by completing the despatch of its replacement bidder’s statement dated 19 March 2026. The offer has been made to all registered Cue shareholders as at 3 March 2026, with documentation distributed electronically or by post and hard copies available on request, marking a key procedural step that advances Horizon’s acquisition process and signals continued consolidation activity in the Australian oil and gas sector.

The completion of the despatch process satisfies specific Corporations Act requirements, ensuring Cue shareholders receive full details of Horizon’s updated offer and can evaluate the bid on an informed basis. This move underscores Horizon’s commitment to pursuing full ownership of Cue, with potential implications for Cue’s future governance, strategic direction and the competitive dynamics among mid-tier energy players on the ASX.

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 company in the energy sector, with its ordinary shares traded under the ticker CUE. The company operates within the oil and gas industry, where its shareholder base is currently the target of an off-market takeover bid by fellow ASX-listed producer Horizon Oil Limited.

Average Trading Volume: 495,175

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$83.97M

See more insights into CUE stock on TipRanks’ Stock Analysis page.