I have been told that the water is leaking through the heat exchanger in my similar ocean eco 240 boiler. So basically it will leak from the H/W side into the heating system side through the hole in the heat exchanger. Time to decide if its worth replacing the heat exchanger or just get a new boiler? I'm getting a new one. No it isn't dangerous because the water will leave the system at 3 bar through the safety valve. My H/W will no longer ignite and yours will probably start doing the same thing soon. Also you will find that when you turn the H/W tap on the water will be luke warm even though the Hot water is not switched on. further proof of the heat exchanger fault/hole. Good luck!
Phil Neale (Bridgnorth, Shropshire), March 2008