Thank you Jack,
I'm going to put some oil in it and see how it works. The end of the pointy part, is closed and seems to fit snugly in the end cap, when under spring pressure. When I push it in, the taper creates a gap, but I won't know, till I try it with oil.
Maybe there is a rubber gasket missing between the end cap and the pointy thing. That should stop the oil till pressure is applied on the pointy thing.
I'll take this off line, as it's not really Black Powder stuff. Thanks guys for your input.
You got me to thinking Jack.
I took it to the shop and made a grommet for the tip. The tip is solid (closed) so the oil could only come out around the base. With the grommet on it, I put in some oil to see of it would work. It did. Push on the tip and oil seeps around the base and makes a little puddle where the tip is. Stop pushing and the oil stops. I've included a couple of pics. (I'm sending you a PM)