Mallesons is pleased to have acted for Horizon Oil Limited (Horizon) on its successful cash and scrip off-market takeover of Cue Energy Resources Limited (Cue). The acquisition substantially expands Horizon’s production and reserves base, expands Horizon’s geographic footprint to nine producing oil and gas fields across five countries, and creates a stronger platform for future growth and value creation for both Horizon and Cue shareholders.
Horizon announced the completion of its off-market takeover of Cue on 3 July 2026, resulting in Horizon acquiring a controlling interest of approximately 57% in Cue. The transaction included Horizon’s acquisition of a strategic stake held by Echelon Offshore Limited, including via a pre-bid agreement. Mallesons also coordinated due diligence and regulatory approvals in the Northern Territory, New Zealand and Indonesia, and Horizon’s response to a Takeovers Panel application brought by Cue.
The Mallesons team advising on the transaction was led by partner Rhys Casey and supported by Special Counsel Matt McKeown and solicitors Kelly Brosnan and Amy Ling.
Commenting on the deal, Rhys Casey said: “We are delighted to have worked alongside Horizon on this strategically important transaction. It is a significant milestone for Horizon which further diversifies and expands its operations in the region.”
