AMNI Clarifies Court Order Misinterpretation in Cenroc Dispute

AMNI Petroleum Development Company Limited issued a clarification regarding media reports suggesting that a receiver manager had been appointed by a federal high court in relation to a dispute with Cenroc. AMNI stated that the court order does not appoint a receiver manager but rather relates to the appointment of an administrator due to alleged indebtedness.

The company emphasized that the order's scope is incorrectly interpreted and is currently subject to an appeal process. AMNI has exercised its constitutional right to appeal and has filed an application for a stay of execution and injunctive relief, which remains pending.

The company expressed concern that the public declaration regarding the court's order could mislead and does not accurately reflect the true legal position underlying the commercial dispute, which involves significant questions regarding corporate authority and prior approvals.