Horizon Oil Releases Supplementary Statement for Cue Takeover Bid

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

Horizon Oil Limited has issued its first supplementary bidder’s statement in relation to its off-market takeover bid for all Cue Energy Resources shares it does not already own. The document, lodged with ASIC and ASX, supplements Horizon’s original bidder’s statement dated 2 March 2026 and formally introduces a replacement bidder’s statement that supersedes the original.

Horizon will begin dispatching the replacement bidder’s statement to Cue shareholders on 19 March 2026, marking the official opening of the offer period the same day. The takeover offer is scheduled to close at 7:00 p.m. Sydney time on 5 June 2026, setting a clear timetable for Cue investors to consider Horizon’s bid and its potential implications for control of the company.

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 energy sector, with its shares traded on the ASX under the ticker CUE, making it a target for corporate activity in the regional oil and gas market.

Average Trading Volume: 495,175

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$83.97M

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