Jude, I've never oiled mine but I think the oil will not make much difference for waterproofing. Try getting it wet and let us know how it works. I've made a string out of some pretty oily backstrap sinew and it's still holding up well. Haven't got it wet...yet.
Orcbow, yeah, there are high stresses near the bow tips. Good advice.
Little John, yes, it was probably a weak spot. I'm going to use the remainder of the string on a smaller kids bow.
Eddie, yeah, warm water vapor should rehydrate the string. I'll have to try that.
George, I've also read the stories about NA's not fighting in the rain because of the effect of water on he strings....
Thanks Bowkee, glad you like the bow. I've had it for years now and shot it quite a bit. HHB is really tough! I had to wrap one of the tips (I think you can see the thread wrapping in one of the pics) because a splinter popped up after shooting it in. Still shoots great.