BUZZ-Australia's Horizon Oil rises after offering to buy Cue Energy Resources

Reuters

03/02

BUZZ-Australia's <a href="https://laohu8.com/S/HZNFF">Horizon Oil</a> rises after offering to buy <a href="https://laohu8.com/S/CUE.AU">Cue Energy</a> Resources

** Shares of Australia's Horizon Oil HZN.AX rise as much as 8.3% to A$0.26, their highest level since June 24, 2014

** Stock marks biggest intraday pct jump since June 13, 2025

** Co says it has made off-market takeover offer to acquire all issued shares of Cue Energy Resources CUE.AX which it currently does not own

** Says Cue shareholders will receive A$0.008 in cash and 0.5625 Horizon shares for each share held

** About 5.6 mln HZN shares change hands, 3.2x the 30-day average

** Horizon Oil shares last up 2.1%, with YTD gains of ~20%

** CUE shares on trading halt

(Reporting by Sneha Kumar in Bengaluru)

((Sneha.kumar@thomsonreuters.com;))

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08:40</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-Australia's <a href=\"https://laohu8.com/S/HZNFF\">Horizon Oil</a> rises after offering to buy <a href=\"https://laohu8.com/S/CUE.AU\">Cue Energy</a> Resources</title></head><body><p>** Shares of Australia's <a href=\"https://laohu8.com/S/HZN.AU\">Horizon Oil</a> <span>HZN.AX</span> rise as much as 8.3% to A$0.26, their highest level since June 24, 2014</p><p>** Stock marks biggest intraday pct jump since June 13, 2025</p><p>** Co <span>says</span> it has made off-market takeover offer to acquire all issued shares of Cue Energy Resources <span>CUE.AX</span> which it currently does not own  </p><p>** Says Cue shareholders will receive A$0.008 in cash and 0.5625 Horizon shares for each share held</p><p>** About 5.6 mln HZN shares change hands, 3.2x the 30-day average</p><p>** Horizon Oil shares last up 2.1%, with YTD gains of ~20% </p><p>** CUE shares on trading halt</p><p> (Reporting by Sneha Kumar in Bengaluru)</p><p> ((Sneha.kumar@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7142","symbol_name":"石油与天然气的勘探与生产","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260302:nL4N3ZQ015:1","article_id":"2616870148","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2616870148","pubTimestamp":1772412009,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-Australia's Horizon Oil rises after offering to buy Cue Energy Resources** Shares of 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