Cue Energy Resources refers to the unsolicited, off-market takeover offer by Horizon Oil to acquire all fully paid ordinary shares in Cue that Horizon does not already hold a relevant interest in.

The Cue Independent Board Committee (IBC) continues to recommend that Cue shareholders reject the Offer by taking no action in relation to all documents sent to you by Horizon.  

Based on Horizon’s most recent disclosure on 15 April 2026, Horizon holds a 51.39%(1) relevant interest in Cue. This shareholding interest includes the Echelon Offshore Limited (Echelon) acceptance of the Offer in respect of 29.94% in Cue and the 19.99% relevant interest under the Pre-Bid Agreement between Horizon and Echelon (being collectively 349,368,803 shares).  

Cue shareholders collectively holding 48.61%(1) of Cue shares continue to reject the Offer. 

The Horizon Takeover Offer remains highly conditional and is scheduled to close at 7:00pm (AEST) on 5 June 2026, unless it is further extended or withdrawn.

KeyFacts Energy: Cue Energy Australia country profile