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BUZZ-Dragon Oil: Up on ENOC takeover proposal

** Turkmenistan-focused oil explorer's shares up as much as 8.7 pct after Emirates National Oil Company confirms possible offer of 735 pence per share

** Deal values Dragon Oil (LSE: DGO.L - news) 's share capital at about 3.6 bln stg

** Day high of 701.5 pence still below offer price, with stock trading more than 6x its daily average

** ENOC, which holds 53.9 pct of Dragon Oil, first expressed its interest in March (venkateshasoumithri.mamidipudi.thomsonreuters.com@reuters.net)