Horizon Oil Issues Replacement Bidder’s Statement in Cue Energy Takeover Push

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

Horizon Oil has advanced its off-market takeover bid for Cue Energy Resources by issuing a replacement bidder’s statement, superseding the original document lodged earlier in March. The revised statement, dated 19 March 2026, has been filed with the Australian Securities and Investments Commission, sent to Cue and is now being dispatched to Cue shareholders.

Under the offer terms, Cue shareholders are being invited to accept consideration comprising A$0.008 in cash plus 0.5625 Horizon shares for each Cue share held. The offer is scheduled to close at 7:00 p.m. Sydney time on 5 June 2026, unless extended or withdrawn, marking the latest step in Horizon’s push to secure full control of Cue and consolidate its position in the energy sector.

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-based oil and gas company listed on the ASX under the ticker HZN. The company engages in the exploration, development and production of petroleum assets, and is seeking to expand its portfolio through corporate transactions in the upstream energy sector, including acquisitions of listed peers such as Cue Energy Resources Limited.

Average Trading Volume: 2,295,059

Technical Sentiment Signal: Buy

Current Market Cap: A$415M

Find detailed analytics on HZN stock on TipRanks’ Stock Analysis page.