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Horizon Oil Secures Majority in Cue Energy Takeover as Mereenie Drilling Suspended
10:12am on Thursday 16th of April, 2026 AEST
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Energy
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Horizon Oil Secures Majority in Cue Energy Takeover as Mereenie Drilling Suspended
10:12am on Thursday 16th of April, 2026 AEST
Key Points
Horizon Oil gains 50.46% relevant interest in Cue shares, fulfilling minimum acceptance condition
No competing or superior takeover proposals have emerged
Mereenie joint venture suspends infill drilling, cutting 2026 capex by USD 5 million
Regulatory approvals in New Zealand and Northern Territory remain pending
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