From what I have discovered the soaking process can last a number of weeks or can be sped up. To speed it up, one heats the blocks for 8 hours and then soaks them for 8 hours. The heated blocks, and assumed heated oil, will facilitate the obsorption and penetration of the oil.Additionally, how long does one soak the stummel for? And then how long to heat the stummel? These seem to be the pertinant questions.
As to the expulsion of the oil, apparently you can leave the stummals sitting around for a year or more and then finish them as normal. This is how it was done before Dunhill came up with the pegs. If you smoke them before a year or more has gone by then the oil will seep out of the wood, into your tobacco chamber and to the surface of the pipe. That said, apparently a year of drying was common practice. Saseini was oil curing also and came up with a special heading apparatice to get around the Dunhill patent on the peg system. These heat systems were invented solely to speed up the process, at least according to the patents.
In a 1919 patent of A. Dunhill, he mentions how hard it is to remove the oil covering and likens it to an "impervious coating". It is apparent from this patent that he was having trouble removing the coating (there is a mention of the fact that buffing is not a solution). His 1919 patent is for the process of first oil curing, using heat to expell the oil and then sandblating the impervioous coating off of the wood. He mentions doing this to both rough formed as well as polished bowls. The patent mentions that the oil soaking and expulsion softens the "soft" grain thus sasndblasting gives a more attractive effect. This may explain the difference in look of the pre-1960 shell briars and the post 1960 shells. If indeed they stopped oil curing in 1960.It seemes pretty rough to have to wipe the block every few hours, especially around 2 am. What happens if you don't wipe it? Perhaps one could rough shape it, do the oil thing, and then fine shape it?
In William John Taylor's patent application of 1985 (when he uses steam to soften the wood prior to rustication, oil curing and then sandblasting) he mentions olive and linseed oils. These two oils are used in nearly every example that oils are named. There is a photo of soaking stummals at the Radice site, the stummals appear to be soaking in olive oil at room temperature (green color to the oil in what appears to be a plastic container)