StreetAccount Summary - Trading higher/lower: Australia & New Zealand midday
Echelon Resources accepts off-market takeover offer from Horizon in respect of all remaining Cue Energy shares held by Echelon (A$0.15, 0.00)
Cue Energy holder Horizon Oil increases stake to 51.4%, fulfilling minimum acceptance condition (A$0.15, 0.00)
Takeovers panel declines to conduct proceedings regarding Cue Energy Resources' application (A$0.15, 0.00)
Horizon Oil confirms expiry of LOI with Northern Territory's PWC relating to proposed new Mereenie gas sales agreement; no agreement reached (A$0.25, 0.00)
Echelon Resources notes Palm Valley JV has signed a gas supply agreement with Northern Territory (A$0.40, 0.00)
Echelon Resources undertakes to Takeovers Panel to not accept off-market takeover bid made by Horizon for Cue Energy shares before 13-Apr (A$0.15, 0.00)
StreetAccount Summary - Australia unusual volume traders
Cue Energy board unanimously recommends holders reject Horizon Oil's acquisition offer at 0.5625 HZN shares and A$0.008 cash for each CUE share (A$0.15, 0.00)
Horizon Oil notes Mereenie and Palm Valley JV partners extend Gas Sales Agreement deadline with NT Power and Water to 10-Apr from 1-Apr (A$0.28, 0.00)
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