Hi, we do no end of old oilstones and we 'soak' them in a hot ultrasonic bath containing water and Fairy liquid for about an hour, sometimes taking them out and giving them a quick scrub before popping them back in.
Take out and blow off with compressed air then scrub them with acetone while still warm.
Amazing how clean this gets them.
I should add that generally we only do this for the higher quality natural stones, Washita, Arkansas, Dalmore Blue etc as the normal synthetics are not worth the time taken when sold but I do them for pals sometimes.
They nearly all end up in Russia for the straight razor fanatics!
Record price of £160 for a perfect 6" Dalmore!
Cheers, Martin