Offer by Horizon Oil Limited to acquire all of your ordinary shares in Cue Energy Resources Limited
Horizon Oil Limited ACN 009 799 455 (ASX:HZN) (Horizon) is offering to acquire all of your fully paid ordinary shares in Cue Energy Resources Limited ACN 066 383 971 (ASX:CUE) (Cue), which Horizon (or its associates) do not already have a relevant interest in, by way of an off-market takeover offer, on the terms and conditions set out in the replacement bidder's statement from Horizon dated 19 March 2026, as may be replaced or supplemented (the Bidder's Statement). Capitalised terms used in this website have the same meaning as given in the Bidder's Statement, unless otherwise defined.
If you validly accept the Offer (and you are not an Ineligible Foreign Shareholder or Small Parcel Shareholder),1 you will receive a combination of A$0.008 cash and 0.5625 Horizon Shares for each Cue Share held as at 7.00pm (Sydney time) on the Register Date (being 3 March 2026), subject to the terms and conditions of the Offer.
The Bidder's Statement sets out certain disclosures required by the Corporations Act together with the terms of the Offer to acquire all of Your Cue Shares on the terms and conditions set out in Appendices 1 and 2 to the Bidder's Statement.
The Bidder's Statement is an important document and requires your immediate attention. You should read the Bidder's Statement in its entirety before deciding whether to accept the Offer and become a shareholder of Horizon.
The Bidder's Statement does not constitute investment advice and does not take into account your individual investment objectives, financial situation or particular needs. If you are in doubt as to how to deal with the Bidder's Statement or the Offer contained in it, please consult your financial, legal or other professional adviser(s). If you have any questions or would like to request a physical copy of the Bidder's Statement free of charge, please call the Horizon Offer Information Line on 1300 124 496 from within Australia or +61 3 9415 4393 from outside Australia.
1 If you are an Ineligible Foreign Shareholder or Small Parcel Shareholder, you will not receive Horizon Shares. Instead, if you accept the Offer then, subject to the satisfaction of the Conditions, you will receive the A$0.008 cash for each of Your Cue Shares and will be paid by the Nominee the net proceeds actually realised from the on‑market sale of the Horizon Shares you would have otherwise been entitled to. The amount you receive for this component will depend on the market price of Horizon Shares at the time of sale and may be more or less than the implied value of the Offer Consideration.