Bowleven could be Dragon's new flame

The City's inability to keep a secret was highlighted yet again on Friday morning as Bowleven's share price surged, prompting fellow oil and gas company Dragon Oil to admit it is running the rule over the company.

The City's inability to keep a secret was highlighted yet again on Friday morning as Bowleven's share price surged, prompting fellow oil and gas company Dragon Oil to admit it is running the rule over the company.

Shares in BowLeven, which has oil and gas assets in West Africa, moved up steadily throughout the morning to just under 90p from their overnight level of 74p, before kicking into overdrive as Caspian Sea-focused oil and gas giant Dragon Oil confirmed its interest.

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