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Cue Energy Resources Limited (ASX:CUE)

ALERT: Price-sensitive ASX Announcement for CUE
Current share price for CUE : $0.110 0 (0%)+
Announcement
Release
26 Jun 2026 1:24PM
Price at Release
$0.110
Full Release
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Summary
Horizon Oil Limited has completed the acquisition of 139,885,879 shares in Cue Energy Resources Limited, representing approximately 19.90% of all Cue shares through a pre-bid agreement with Echelon Offshore Limited. Following the close of the offer period on 19 June 2026, Horizon now holds a relevant interest in 57.06% of Cue shares. Eligible shareholders will receive their offer consideration by 2 July 2026. This acquisition marks the completion of a significant takeover process for Horizon Oil Limited.
Key Points
  • Horizon Oil Limited completed acquisition of Echelon's 139,885,879 Cue Shares.
  • The acquisition represents approximately 19.90% of all Cue Shares.
  • The Offer Period for the Takeover closed on 19 June 2026.
  • Horizon now has a Relevant Interest in 57.06% of all Cue Shares.
  • Eligible Cue Shareholders who accepted the Offer will receive their Consideration by 2 July 2026.
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.