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BowLeven buoyed by Petrofac deal

BowLeven's (BLVN) full-year figures were easily overshadowed by news of a strategic tie-up with oilfield services group, Petrofac. The proposal sent BowLeven's shares up around 10 per cent on the day it appeared - reflecting positive market sentiment towards a deal that has been described by analysts at Barclays Research as "a major step forward in the monetisation of [BowLeven's] oil resources offshore Cameroon".

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By Mark Robinson,
06 November 2012

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