Day Trading Pre-market Open - 4 Mar 2019, page-16

RMP, 88E News is out and red flag was justified, with main reservoir being water-bearing w trace oil.

Target always looked a bit sus to me; the huge Repsol discovery Horseshoe-1 (1.2 billion barrel) in same reservoir a few kms west of 88E's well is also up-dip and the oil has behaved itself and migrated 'up hill' to where it became trapped.

For traders there might be opportunities for bounce trades in each of the three 88E, RMP, & OEL. The first two will have brutal sell-off on open, OEL with strong existing production would be my pick for a useful bounce.