On January 22, 2016, Proxima Capital Group announced that it has reiterates the need for leadership change at JKX Oil & Gas plc. Further, Proxima Capital stated that it notes that in the 11 days since it raised a list of concerns about the Company in its circular to shareholders, and laid out its turnaround strategy for the Company, there has been no response from the current Board, either in detail or general. Proxima Capital continued that this inaction and lack of engagement would seem to be symptomatic of the way the Company has been managed in the recent past.