RUSSIA’S Proxima Capital has appealed to shareholders in UK-listed JKX Oil & Gas, asking them to approve its proposals to fire the company’s board and key members of its management team in an attempt to revive the flagging oil and gas producer.
In an 18-page message to shareholders, released earlier this week, Proxima said it sees JKX as “an attractive turnaround opportunity given the quality of its production assets and considering that its problems appear, in large part at least, to be self-inflicted or a product of unsatisfactory management”.
Proxima’s
