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What he said

You more or less want a green haze to the strop. You should still be able to see the leather.

Crox I normal give a day to dry

You can use oil if you want to condition the strop as well as apply the paste.

But the crox from SRD is in a semi soft state already like a crayon so shouldn't need any more oil. If you start...

Take the cro ox from SRD and draw the x's on the strop then go back and spread with the palm of your hand. You may want wear some latex gloves. You could also spread with a clean rag.