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Cue Energy Resources Limited (ASX:CUE)

ALERT: Price-sensitive ASX Announcement for CUE
Current share price for CUE : $0.105 -0.025 (-19.23%)+
Announcement
Release
12 Jun 2026 3:24PM
Price at Release
$0.130
Full Release
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Summary
Horizon Oil Limited announced an off-market takeover offer for Cue Energy Resources Limited, which was initially outlined in a replacement Bidder's Statement dated 19 March 2026. As of 12 June 2026, Horizon Oil declared the offer free from multiple conditions previously listed, retaining only the condition concerning 'no prescribed occurrences'. Horizon Oil now holds a voting power of 52.46% in Cue Energy Resources Limited. This action was taken in compliance with section 650F of the Corporations Act 2001.
Key Points
  • Horizon Oil Limited is making an off-market takeover bid for Cue Energy Resources Limited.
  • The offer was initially made via a replacement Bidder’s Statement on 19 March 2026.
  • Horizon Oil declares the offer free from several conditions listed in Appendix 2 of the Bidder’s Statement.
  • Horizon Oil's voting power in Cue Energy Resources Limited stands at 52.46%.
  • The offer remains subject to a specific condition related to 'no prescribed occurrences'.
  • The notice was given in accordance with section 650F of the Corporations Act 2001.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.