Welcome to SRP. I don't know anything about your Nox-all stone, but usually razor hones are used with water or sometimes dry. Don't put any oil on it, at least for now! Can you tell us the dimensions of the stone? Might help someone tell you more about it.

Sounds like you have a nice razor. If you take the right approach you will enjoy using it. Read the wiki (link is above) and read posts in the newbie section of the forum, that should set you in the right direction.

Not sure where you're based, but sending your razor to be honed by one of the guys providing this service here on SRP would be a good idea. Do not get it sharpened at a local knife shop, they will ruin it.