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Horizon Oil Limited (ASX:HZN)

ALERT: Price-sensitive ASX Announcement for HZN
Current share price for HZN : $0.240 0.04 (20%)+
Announcement
Release
26 Jun 2026 1:24PM
Price at Release
$0.200
Full Release
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Summary
Horizon Oil Limited has announced the completion of its pre-bid agreement with Echelon Offshore Limited, acquiring 139,885,879 shares in Cue Energy Resources Limited. This acquisition increases Horizon's relevant interest in Cue to 57.06% following the closure of the takeover offer period on 19 June 2026. Eligible Cue shareholders who accepted the offer will receive their consideration by 2 July 2026. Horizon's CEO, Richard Beament, expressed satisfaction with the acquisition and looks forward to collaborating with Cue Energy Resources on future operations.
Key Points
  • Completion of acquisition of Cue Energy Resources shares.
  • Horizon Oil now holds 57.06% of Cue Energy Resources shares.
  • Acquisition completed via an agreement with Echelon Offshore Limited.
  • Offer period for the takeover closed on 19 June 2026.
  • Considerations for eligible shareholders to be settled by 2 July 2026.
  • CEO Richard Beament looks forward to collaboration with Cue Energy.
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.