true oil for me to ,about 6 coats left for 24hr between coats and wet sanded ever coat except the last one .I found it went on best with a lint free cloth, some say put it on with one finger but I found it just layed on top of the stock and never worked into the wood. my fwb came up real shinny not to everbodys tast but if it to shinny just wet sand again and you have a matte finish .check out some vids on youtube about wet sanding not used much over hear but in the USA thay use it all the time on everthing and it seems to work .iv got a hw100 stock to do shortly,but I will have to get there std coating of first [nothing will soak in on there coating]
ATB JOHN
hw 100, hw80 mk1, smk xs20, bsa scorpion pistol, feinwerkbau 127, hw99s