The only guidance that SME give about when the motor needs oiling, apart from 'once a year', is that it should be oiled if it makes a noise. Though exactly what that means is not clear.
Your unit may well have been over-oiled in the past (this might explain why some oil has come out of the motor shaft, if this is what has happened). I would begin with one drop, and then see.
SME's insistence on not over-oiling suggests that they may have had problems in the past with people applying too much oil or doing so too frequently.
As far as I know, the oil used must be the one sold by SME (it is apparently specially diluted for the narrow tolerances in the motor shaft),