AMNI Denies Receivership Claims Amid Cenroc Dispute

AMNI International Petroleum Development Company Limited has dismissed reports claiming that a court order related to an ongoing dispute with Cenroc has resulted in the appointment of a receiver for the company. AMNI clarified that the order does not constitute receivership, as it only limits administrative functions and does not transfer operational control.

The company emphasized that the reports are misleading and inaccurately portray the situation, suggesting a takeover that does not reflect the current legal reality. AMNI has filed an appeal against the court's decision and is seeking a stay of execution.

The company expressed concern over premature public declarations that imply a loss of control, despite ongoing judicial proceedings aimed at preserving the status quo. The central dispute involves allegations of unauthorized corporate approvals, which AMNI contests vigorously.

The company continues to operate normally and remains committed to meeting its regulatory and contractual obligations. The appeal court will decide on the matter in the next phase of the dispute.