HZN.ASX: Bidder's Statement

Bidder's Statement

Stock	Horizon Oil Ltd (HZN.ASX)
Release Time	2 Mar 2026, 9:06 a.m.
Price Sensitive	Yes

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Horizon Oil Limited Launches Takeover Bid for Cue Energy Resources

Key Points

Horizon Oil Limited (HZN.ASX) offers to acquire all shares in Cue Energy Resources Limited (CUE.ASX)
Offer consideration of A$0.008 cash and 0.5625 Horizon shares per Cue share
Bidder's Statement lodged with ASIC and provided to Cue Energy

Full Summary

Horizon Oil Limited (ACN 009 799 455) (ASX:HZN) has announced an off-market takeover bid to acquire all of the ordinary shares in Cue Energy Resources Limited (ACN 066 383 971) (ASX:CUE) that Horizon does not already have a relevant interest in. The Bidder's Statement has been lodged with the Australian Securities & Investments Commission (ASIC) and provided to Cue Energy. Under the terms of the offer, Cue shareholders will receive a combination of A$0.008 cash and 0.5625 Horizon shares for each Cue share. Horizon has set 7:00pm (AEDT) on Tuesday, 3 March 2026 as the relevant date for determining the holders of Cue securities to whom information will be sent about the takeover bid. The Bidder's Statement outlines the key terms and conditions of the offer, as well as information about Horizon, Cue, and the combined group. Cue shareholders are advised to read the Bidder's Statement carefully and seek independent financial, legal or other professional advice before deciding whether to accept the offer.