RE: LT-40 Rebuild.
likely too late now, but K2R works great to soak up oil from soaked wood. Spray it on, let it dry and then brush it off with the oil, May take more than one application. Good luck.
Richard/Sig Kadet Brotherhood #96: Kadet, Kadet Jr, 1/4 Cub (Koveral), Kougar; Club Saito #635: FA100,120, 130t, 180.