Australia's Cue Energy jumps as board reviews takeover bid

Cue Energy Resources

04/03/2026 24:48

** Cue Energy Resources CUE.AX jumps as much as 11.5% to A$0.145, highest since February 20

** Stock eyes best trading session since September 13, 2024

** Oil and gas explorer responds to off-market takeover offer by Horizon Oil HZN.AX on March 2

** Says Independent Board Committee currently assessing proposal

** Co's shareholders advised not to take any action at this stage

** HZN falls as much as 3.8% to A$0.25

** YTD, CUE gains 17.4%

 (Reporting by Shivangi Lahiri in Bengaluru)

 ((shivangi.lahiri@thomsonreuters.com))