Then I'd say, stood up on it's butt and let as much of that oil drain out through the cocking rod slot and the trigger group.
Since oil likes to spread to areas of less, or no oil, you may want to occationally remove the action from the stock, wipe down the trigger group and the underside of the reciever to remove as much excess oil as you can so that more oil will wick out of the inside.
Paul