Past year: ▼ 5%(9.90c – 14.5c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
13 Apr 2026material agreement▲ GoodMajor
The Palm Valley joint venture signed a gas supply agreement with the NT government for up to 10.5 PJ net to Echelon's group (3.2 PJ to Cue) to end-2034, take-or-pay. A final investment decision was made on two wells; the Ensign 974 rig is contracted, with drilling from mid-year.
13 Apr 2026material agreement▲ GoodMajor
Cue signs a binding gas sales agreement with the NT Government: up to 21 PJ gross (3.2 PJ net to Cue) to end-2034, fixed price with CPI, take-or-pay. Palm Valley partners approve two new wells, drilling from mid-2026. Replaces the Mereenie-linked Power and Water LOI.
13 Apr 2026regulatory community update▼ BadMajor
The Takeovers Panel declines to conduct proceedings on Cue's application against Horizon's bid and the Echelon pre-bid deal, finding no reasonable prospect of unacceptable circumstances. Echelon's stated intention to accept is no longer held back by the Panel process.
9 Apr 2026business combination● Neutral
The Takeovers Panel accepted an undertaking from Echelon not to accept Horizon's bid with its Cue shares (beyond the pre-bid 19.99%) before 13 April 2026. This temporarily holds off Echelon's acceptance while Cue's application is considered.
7 Apr 2026business combination● NeutralMajor
Cue's independent board committee unanimously recommends shareholders REJECT Horizon's offer by taking no action. Reasons include an inadequate premium, bad timing with Horizon shares at a 10-year high, dilution, Horizon's debt, heavy conditions and tax rollover only at 80% acceptances.
7 Apr 2026business combination● Neutral
Cue begins sending its target's statement to shareholders by email link or letter, with the board's unanimous recommendation to reject Horizon's offer. Delivery notice for the 7 April target's statement; hard copies on request.
2 Apr 2026material agreement● Neutral
Cue says the Mereenie and Palm Valley partners agreed with NT Power and Water to extend the binding gas sales deadline from 1 April to 10 April 2026. Still unsigned.
2 Apr 2026material agreement● Neutral
Echelon says the Mereenie and Palm Valley partners extended the binding gas supply deadline from 1 April to 10 April 2026. Repeats the extension already announced by Cue and others.
2 Apr 2026material agreement● Neutral
Partner Horizon says the Mereenie binding gas sales deadline with NT Power and Water moves from 1 April to 10 April 2026. Repeats Central's news.
1 Apr 2026material agreement● Neutral
Central says the Mereenie and Palm Valley partners extended the binding gas sales deadline with NT Power and Water from 1 April to 10 April 2026. Another extension; still unsigned.
31 Mar 2026business combination● NeutralMajor
The Takeovers Panel says Cue has applied to it over Horizon's bid and Horizon's pre-bid deal with Echelon, which holds 49.93% of Cue. Cue alleges an undisclosed association and a chilling effect on any rival bid, and seeks to stop Echelon accepting. No decision yet.
27 Mar 2026business combination● Neutral
Horizon notifies that the minimum bid price condition of its Cue takeover offer has been fulfilled, so the offer is now free of that condition. Other conditions are not addressed in the text; the offer still closes 5 June 2026 unless extended.
25 Mar 2026material agreement● Neutral
Partner Horizon says the deadline to sign the binding Mereenie gas sales agreement with NT Power and Water moves from 24 March to 1 April 2026. Repeats the Central news.
25 Mar 2026material agreement● Neutral
Cue says the Mereenie and Palm Valley partners agreed with NT Power and Water to extend the binding gas sales deadline from 24 March to 1 April 2026. The agreements remain unsigned.
25 Mar 2026material agreement● Neutral
Cue's major shareholder Echelon says the Mereenie and Palm Valley partners extended the gas agreement deadline from 24 March to 1 April 2026. Repeats the same extension news; nothing new.
24 Mar 2026material agreement● Neutral
Operator Central says the Mereenie and Palm Valley partners agreed with NT Power and Water to extend the deadline for binding gas sales agreements from 24 March to 1 April 2026. A third extension; still unsigned.
20 Mar 2026business combination● Neutral
Cue notes Horizon has finished posting its replacement bidder's statement and repeats that shareholders should take no action. Its target's statement and board recommendation will be sent by 7 April 2026; the offer closes 5 June 2026 unless extended or withdrawn.
19 Mar 2026business combination● Neutral
Horizon issues a supplementary bidder's statement with a marked-up replacement. The offer opens 19 March and closes 5 June 2026 unless extended. The terms (0.8c plus 0.5625 Horizon shares) are unchanged in the text shown.
19 Mar 2026business combination● Neutral
Horizon confirms it has finished sending its replacement bidder's statement to Cue shareholders, so its offer is now open. Administrative notice; the offer closes 5 June 2026 unless extended.
19 Mar 2026business combination● Neutral
Horizon lodges the clean replacement bidder's statement for its Cue takeover offer, closing 5 June 2026 unless extended. Same terms as before; a re-release of the marked-up version.
12 Mar 2026business combination● Neutral
Cue's independent committee appoints Gilbert + Tobin (legal) and Azure Capital (financial) to advise on Horizon's offer, which is not yet open. Shareholders are again told to take no action; a formal recommendation will follow.
4 Mar 2026business combination● Neutral
Cue's board forms an Independent Board Committee (Hood, Bishop, Malcolm) to assess Horizon's offer and advises shareholders to take no action for now. A recommendation will come in a target's statement before the offer closes.
3 Mar 2026material agreement● Neutral
Operator Central says the Mereenie and Palm Valley ventures agreed with NT Power and Water to extend the deadline for binding gas sales agreements from 2 March to 24 March 2026. Still unsigned; repeats Cue's news.
3 Mar 2026material agreement● Neutral
Partner Horizon says the deadline to sign the binding Mereenie gas sales agreement with NT Power and Water is extended from 2 March to 24 March 2026. Repeats Cue's news.
3 Mar 2026material agreement● Neutral
Cue says the Mereenie and Palm Valley partners agreed with NT Power and Water to push the deadline for binding gas sales agreements from 2 March to 24 March 2026. A second extension; the agreements remain unsigned.
2 Mar 2026business combination● NeutralMajor
Horizon Oil announces an off-market takeover bid for Cue: 0.8c cash plus 0.5625 Horizon shares per Cue share, about 14.3c at 27 Feb prices, a 10% premium. Horizon already holds 19.99% via a pre-bid deal with Echelon at 11.5c.
2 Mar 2026other● Neutral
ASX paused trading in Cue shares pending a further announcement. No reason is given in the notice; it coincides with Horizon's takeover bid announced the same day (inference).
2 Mar 2026business combination● Neutral
Horizon lodges its formal bidder's statement for the takeover of Cue, setting out the 0.8c cash plus 0.5625 Horizon shares offer. Closing date was left blank; Cue holders would own 16.31% of the combined group if successful. Repeats the bid announcement in detail.
25 Feb 2026investor presentation● Neutral
Results release repeating the half-year figures: A$25.7m revenue, A$5.1m profit, 0.25c interim dividend. Management says the dividend is lower because cash is going into four Mereenie and Palm Valley wells (drilling planned 2H CY2026), backed by the pending NT gas agreement.
25 Feb 2026half year report● NeutralMajor
Half-year to 31 Dec 2025: revenue fell 5.2% to A$25.7m, profit rose 17.8% to A$5.1m, cash A$11.2m, no debt. Interim dividend cut to 0.25c (from 1.0c a year earlier), as cash is directed to the four NT wells.
