It was a new (air arms) stock, so I am working on the assumption that it wont be necessary to strip it back to bare wood & steam, there is also some quite nice checkering and I am not sure how well that would go with wire wool....
The indentations are only really noticeable by running a fingernail down, so for now I think I am going to live with that. I'm also hopeful that the oil will fill in the shallow grain. Starting again from scratch would be quite painful...
It seems not to have quite got out of the 'saturation' phase and is still drinking oil. If I put a light layer on and wait half an hour, it's gone, either dry or a bit damp to touch in places, and I spend 10 minutes buff it off with a lint free cloth. I'm going to keep going with the oil today, maybe try another 4-5 times today and then see if that's enough. Will post another picture tonight.
Sorry for the number of posts, I figure others might want to see how it actually works and then can avoid any mistakes I make!