Horizon Oil Completes Dispatch of Updated Takeover Bid Documents for Cue Energy

Horizon Oil Limited ( (AU:HZN) ) has provided an update.

Horizon Oil Limited has formally advanced its off-market takeover bid for Cue Energy Resources Limited by completing the dispatch of its replacement bidder’s statement to Cue shareholders. The offer, dated 19 March 2026, targets all fully paid ordinary shares in Cue that Horizon does not already control, and has been sent electronically or by post in line with Australian corporate law requirements.

The move signals a further step in Horizon’s push to consolidate its position in the regional oil and gas sector by increasing its interest in Cue Energy. Cue shareholders now have access to the full terms of the updated bid, with hard copies available on request, setting the stage for the next phase of the takeover process and potential changes to Cue’s ownership and strategic direction.

The most recent analyst rating on (AU:HZN) stock is a Buy with a A$0.30 price target. To see the full list of analyst forecasts on Horizon Oil Limited stock, see the AU:HZN Stock Forecast page.

More about Horizon Oil Limited

Horizon Oil Limited is an Australia-listed oil and gas company focused on upstream exploration and production. Through its strategic interests in regional peers, Horizon seeks to expand its portfolio and influence in the energy sector, particularly by acquiring additional stakes in listed petroleum producers such as Cue Energy Resources.

Average Trading Volume: 2,295,059

Technical Sentiment Signal: Buy

Current Market Cap: A$415M

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