Horizon Oil Formalises Revised Takeover Bid for Cue Energy

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

Horizon Oil Limited, an ASX-listed oil and gas producer, has launched an off-market takeover bid for all Cue Energy Resources shares it does not already own, offering A$0.008 in cash plus 0.5625 Horizon shares for each Cue share. The move underscores ongoing consolidation in the Australian energy sector and could reshape Cue’s ownership structure, with Horizon issuing a replacement bidder’s statement and commencing distribution of offer documents to Cue shareholders ahead of the June 5, 2026 offer deadline.

Horizon has lodged its replacement bidder’s statement with the Australian Securities and Investments Commission and sent it to Cue, formalizing the revised terms and disclosures for the takeover proposal. The commencement of dispatch to Cue shareholders marks a key procedural step in the bid process, signaling Horizon’s intent to advance the transaction and prompting shareholders to evaluate the mixed cash-and-scrip offer in light of potential changes to control and future strategic direction.

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 Australia-listed energy company focused on oil and gas exploration and production. The company operates in the upstream segment of the hydrocarbons industry, with its shares traded on the ASX under the code CUE, making it a target for corporate activity within the regional energy sector.

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.