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An update from Horizon Oil Limited ( (AU:HZN) ) is now available.
Horizon Oil Limited has issued its first supplementary bidder’s statement in relation to its off-market takeover bid for all Cue Energy Resources Limited shares it does not already own. The company has replaced its original bidder’s statement with a replacement bidder’s statement dated 19 March 2026, which will be dispatched to Cue shareholders and made available via the ASX.
The offer for Cue opens on 19 March 2026 and is scheduled to close on 5 June 2026, subject to any extensions or withdrawal. The updated documentation formalises the timetable and process for the bid, marking a further step in Horizon’s attempt to consolidate ownership in Cue and potentially strengthen its position in the oil and gas 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-listed energy company focused on oil and gas exploration and production. The company participates in upstream petroleum projects and seeks to expand its portfolio and reserves base through acquisitions and corporate transactions in the regional energy sector.
Average Trading Volume: 2,295,059
Technical Sentiment Signal: Buy
Current Market Cap: A$415M
See more data about HZN stock on TipRanks’ Stock Analysis page.