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Horizon Oil Limited (ASX:HZN)

ALERT: Price-sensitive ASX Announcement for HZN
Current share price for HZN : $0.225 0.008 (3.45%)+
Announcement
Release
12 Jun 2026 3:30PM
Price at Release
$0.218
Full Release
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Summary
Horizon Oil Limited has announced a status update on its off-market takeover bid for Cue Energy Resources Limited. As per the notice issued under section 630(3) of the Corporations Act 2001, the offer from Horizon Oil, outlined in a replacement bid statement and subsequent supplementary statements, remains subject to a condition regarding no prescribed occurrences. Horizon currently holds a 52.46% voting power in Cue Energy. The notice was officially signed by Richard Beament, the Managing Director and CEO of Horizon Oil.
Key Points
  • Horizon Oil Limited is involved in an off-market takeover bid for Cue Energy Resources Limited.
  • The notice is pursuant to section 630(3) of the Corporations Act 2001 (Cth).
  • Horizon Oil has issued a replacement bidder's statement with supplementary statements.
  • As of the notice, Horizon's offer remains subject to one condition regarding prescribed occurrences.
  • Horizon Oil's voting power in Cue Energy is 52.46%.
  • The notice was signed by Richard Beament, Managing Director and CEO of Horizon Oil Limited.
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.