kjm, what Okie said. You will need to remove the oil first, though.
I used to work for a gunsmith who had built a special "stock treament tank." It was a steel cylinder, 5" diameter X 4.5' tall, with a removable steel cap. He filled it with acetone to about 4" below the top. If a stock had lots of oil in it, he'd hang it in the tank for a day or so using a coathanger. The acetone would drive out all the oil in the wood, and drys very quickly.
Needless to say, it was located away from any flame or heat producing items, and smoking around the tank was a big NoNo.
Okie, good suggestion on the "whiskering" of the stock. This really results in a super smooth finish, especially if you go all the way to 600 grit wet & dry paper. If you use just a damp cloth instead of one that's very wet, you can let the stock dry for 10 minutes and then continue sanding. It never failed to amaze my how many times you could repeat this process before you stop finding whiskers. By that time, though, the wood is as smooth as a newborn baby's butt.
I've always been partial to oil finishes, and my favorite was to do about 10 to 15 coats of Tru Oil, applied with 600 W&D after whiskering. Let each coat dry 24 hrs, then sand lightly with 600, then apply another coat w/same, using a circular motion to apply. After that many coats, it creates a beautiful shine and a deep, 3D appearance.
------------------
Shoot straight & make big holes, regards, Richard at
The Shottist's Center