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Brie Carter

Brie Carter

GrafaTV Presenter & Finance Editor

TV presenter and finance editor at Grafa, with a Master’s in Commerce from UWA and diverse industry experience in finance, insurance, and media.

Articles by Brie Carter

Grafa

Echelon receives A$15.7m from Cue share sale

Echelon Resources (ASX:ECH) has received approximately A$15.7 million from settling the sale of 139,885,879 shares in Cue Energy Resources (ASX:CUE) to Horizon Oil (ASX:HZN), under a pre‑bid agreement first announced in March 2026.

The sale forms part of Horizon’s off‑market takeover bid for Cue, which has now closed and left Horizon with a 57.06% relevant interest in Cue following completion of the pre‑bid acquisition and acceptances under its offer.

Read more: Echelon receives A$15.7m from Cue share sale