West
Africa-focused
Bowleven’s
shares
were
up
15%
on
Thursday
after
talk
of
Tullow
Oil
possibly
making
a
bid
for
the
explorer
at
£1.80
per
share.
Westhouse
Securities
analyst
Andrew
Matharu
told
Reuters
that
Bowleven
as
a
potential
takeover
target
was
“in
play
now
-
it's
been
in
play
for
a
while”.
Bowleven
shares
leapt
earlier
this
month
after
Turkmenistan-focused
Dragon
Oil
said
it
was
considering
making
an
approach
for
the
company.
Two
weeks
later
the
explorer,
which
is
majority
owned
by
Dubai
state
player
Emirates
National
Oil
Company,
said
it
was
no
longer
pursuing
the
idea,
sending
Bowleven’s
shares
downward.
Bowleven…
