Totally different scenario to RMP with good fundamentals (Lightning) and the potential to generate income in the relatively near future. OEL had a much smaller % in the project hence the small movements in SP leading into the drill. RMP only had one iron in the fire but the real estate still has some value hence speculators buying in at the low levels... The operator (88E) and its partners will not just walk away they will revisit the acreage with renewed optimism and either plan further drills or look to sell as a job lot. Of course they will need additional cash to do so should they opt to drill again.
All is not lost long term but the short term looks very ordinary to say the least.
Good Luck All
RMP Price at posting:
2.3¢ Sentiment: None Disclosure: Held