Past year: ▼ 5%(9.90c – 14.5c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
27 Aug 2026annual report● Neutral
FY26 revenue fell 8.4% to A$50.2m and profit after tax fell 31% to A$4.36m, hit by impairment, write-offs and A$1.9m of Horizon takeover defence costs. Cash rose to A$15.7m, no debt. Audit opinion unmodified; final dividend 0.25c.
27 Aug 2026other● Neutral
Required Appendix 4G governance checklist filed with the annual report, pointing to the corporate governance statement on the website. No new business information.
27 Aug 2026dividend declaration▲ GoodMajor
Final dividend of 0.25c per share (about A$1.75m) declared, unfranked, record date 2 October 2026, payable 15 October, making FY26 total 0.5c. Cue also cites five wells planned for 1H FY27 and a GA-1 exploration well expected within months.
10 Aug 2026resource reserve update▼ BadMajor
Cue's 2P reserves fall to 4.5 MMboe from 5.5, after 0.6 production and 0.4 net downgrades, using Horizon's review processes. About 2.4 MMboe of Paus Biru/Jeruk 2C resources are removed on Cue's stated Sampang exit in Dec 2027. A$3-5m impairment and ~A$4m Paus Biru write-off expected.
29 July 2026quarterly activities report▲ Good
June quarter production rose to 138.1 kboe (from 119.5) as Mahato recovered and Maari restarted after the MN1 workover. Cash receipts were A$13.6m and closing cash A$15.7m (from A$11.5m). PB-41 at Mahato and PV-14 at Palm Valley have begun drilling.
27 July 2026drilling spud▲ Good
Echelon, a 35% Palm Valley partner, reports PV-14 spudded 25 July 2026 as the first of two wells (PV-14 and PV-15). It repeats the 4.5-month program, 14 TJ/d capacity and at least 10 PJ gross, with gas sold under the NT Government deal.
27 July 2026drilling spud▲ GoodMajor
Cue confirms PV14 spudded 25 July 2026 at Palm Valley, where it holds 15%. First gas sales are targeted for October 2026. This follows the April NT Government gas deal. Cue says a Mahato two-well program is underway.
27 July 2026drilling spud▲ Good
Operator Central Petroleum says PV14, the first of two Palm Valley wells, spudded 25 July 2026. The campaign is expected to take about 4.5 months, targeting about 14 TJ/d plant capacity and at least 10 PJ gross. Same event as Cue's announcement.
6 July 2026director officer appointment● NeutralMajor
Horizon chairman Bruce Clement is appointed Cue chair, replacing McGregor. Hood stays Lead Independent Director, Bishop takes the Audit and Risk Committee, and Beament chairs the new Commercial Committee. Boyall remains CEO.
3 July 2026asset acquisition disposition● Neutral
Echelon says Horizon's takeover has completed and it has fully exited Cue. It received cash and scrip and now holds about 6.64% of Horizon. This ends Echelon's long-standing Cue holding.
3 July 2026director officer appointment● NeutralMajor
After Horizon's takeover completed (57.03% interest), five Cue directors including chairman McGregor resigned. Four Horizon executives joined: Bruce Clement, Richard Beament, Gavin Douglas and Kyle Keen. Hood, Bishop and Malcolm stay, handing board control to Horizon.
26 June 2026business combination● NeutralMajor
Horizon completes buying Echelon's 139.9m Cue shares (about 19.90%) under the pre-bid deal. The offer closed 19 June, leaving Horizon with a 57.06% relevant interest in Cue. This confirms Horizon's control of Cue.
26 June 2026asset acquisition disposition● Neutral
Echelon settles the sale of 139.9m Cue shares to Horizon for about A$15.7m cash, mostly used to repay its debt. This completes the pre-bid leg; Echelon's remaining Cue shares go into the takeover offer.
17 June 2026business combination● NeutralMajor
Horizon declared its Cue offer unconditional and brought payment forward to 2 July 2026, with the offer still closing 19 June. Horizon held 52.66% of Cue, and the consideration stayed at 0.5625 Horizon shares plus A$0.008 cash per share.
12 June 2026business combination● Neutral
Required status notice: all conditions are freed except 'no prescribed occurrences', which is not yet fulfilled or waived. Horizon's voting power is 52.46%. Largely duplicates the same-day notice freeing the offer from conditions.
12 June 2026business combination● Neutral
Horizon frees its Cue offer from most remaining conditions, including no material adverse change and no litigation. Only the 'no prescribed occurrences' condition remains. Horizon's voting power is now 52.46% (368.2m shares).
11 June 2026business combination● Neutral
Cue's second supplementary target's statement formally repeats the committee's unanimous recommendation to reject Horizon's best-and-final offer. It notes only about 2.4% accepted beyond Echelon (a further 0.24% since), and A$16m cash, no debt.
11 June 2026investor presentation● Neutral
Gold Coast investor showcase restating known facts: A$16m net cash at 31 May 2026, no debt, FY25 revenue A$55m, 1H FY26 NPAT A$5.1m, and Palm Valley and Mahato wells planned. Nothing new beyond earlier announcements.
10 June 2026business combination● Neutral
Cue's committee still unanimously recommends rejecting the offer. It notes that, apart from Echelon, only about 2.4% of shares have accepted, and that tax rollover needs 80% acceptances. Cue reports A$16m cash, no debt at 31 May 2026.
9 June 2026business combination▼ BadMajor
Horizon declares its offer best and final (0.5625 Horizon shares plus A$0.008 cash per Cue share), not to rise without a rival bid. It holds 52.21% (366.5m shares). Offer closes 19 June 2026 unless extended.
29 May 2026business combination▼ Bad
Horizon notifies that the Northern Territory ministerial consent condition of its Cue offer has been fulfilled. The offer is now free of that condition, clearing the last regulatory approval.
29 May 2026business combination● Neutral
Horizon extends its Cue offer from 5 June to 19 June 2026 after both regulatory conditions were fulfilled, and says it holds a 51.77% relevant interest. The conditions status notice date moves to 12 June.
27 May 2026business combination▼ Bad
Horizon notifies that the New Zealand Crown Minerals Act consent condition of its Cue offer has been fulfilled. The offer is now free of that regulatory condition.
14 May 2026business combination● Neutral
Cue's independent committee again recommends rejecting Horizon's offer by taking no action. It notes Horizon holds 51.39%, including Echelon's acceptance and the pre-bid stake, with 48.61% of holders not accepting. Offer still closes 5 June 2026 unless extended.
28 Apr 2026quarterly activities report● Neutral
March 2026 quarter: cash up to A$11.5m with no debt on A$12.0m receipts; production 119.5 kboe, down from 154.6 kboe, from the Mahato pipeline shut-in and Maari maintenance and a MN1 well fault. Palm Valley gas deal and Horizon bid recapped.
16 Apr 2026business combination▼ BadMajor
Horizon said Echelon had accepted its offer for all its Cue shares other than those under the pre-bid agreement. That took Horizon to 359,795,314 shares, 50.46% fully diluted, and satisfied the 50.1% minimum acceptance condition. Horizon said it knew of no rival bid and warned of reduced liquidity for holders who do not accept.
15 Apr 2026business combination▼ BadMajor
Horizon notifies that the 50.1% minimum acceptance condition of its Cue takeover offer has been fulfilled. The offer is now free of that condition, following Echelon's acceptance.
14 Apr 2026business combination● Neutral
Cue's first supplementary target's statement adds the Palm Valley gas deal as another reason to reject Horizon's offer, since Horizon has no Palm Valley interest. It also says Medco confirmed all Sampang PSC extension disputes are concluded.
13 Apr 2026material agreement termination▼ BadMajor
Horizon says the Power and Water letter of intent for new Mereenie gas has expired without agreement. The joint venture suspends the two Mereenie infill wells, cutting Horizon's 2026 capex by about US$5m, and will seek other buyers. Existing supply to 2030 is unaffected.
13 Apr 2026material agreement▲ Good
Operator Central confirms a binding gas sales agreement with the NT Government for up to 21 PJ (10.5 PJ Central share) to end-2034, underwriting two new Palm Valley wells from mid-2026. Mereenie volumes in the earlier letter of intent are not included.
