HZN.ASX: Completion of Pre-Bid Agreement

Completion of Pre-Bid Agreement

Stock	Horizon Oil Ltd (HZN.ASX)
Release Time	26 Jun 2026, 1:24 p.m.
Price Sensitive	Yes

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Horizon Oil Completes Acquisition of Echelon's Stake in Cue

Key Points

Horizon Oil completed the acquisition of 139,885,879 Cue shares under the Pre-Bid Agreement
The Offer Period for the takeover closed on 19 June 2026
Horizon now holds a Relevant Interest in 57.06% of Cue shares
Eligible Cue Shareholders will receive Offer Consideration by 2 July 2026
CEO Richard Beament expressed delight at the acquisition completion

Full Summary

Horizon Oil Limited (ASX:HZN) has successfully completed the acquisition of 139,885,879 fully paid ordinary shares in Cue Energy Resources Limited (ASX:CUE) from Echelon Offshore Limited, pursuant to a pre-bid agreement dated 2 March 2026. This acquisition represents approximately 19.90% of all Cue Shares presently on issue. Following the completion of the pre-bid agreement and the close of the takeover offer period on 19 June 2026, Horizon Oil now holds a Relevant Interest in 57.06% of all Cue Shares presently on issue. Eligible Cue Shareholders who validly accepted the offer will be provided their Offer Consideration by 2 July 2026. Horizon's CEO, Richard Beament, expressed satisfaction with the acquisition completion and looks forward to finalizing the takeover and collaborating with Cue on its current operations and future endeavors.