Okay, I'll help you out here Cover Drive.
Since the CA 12K you got doesn't have a scuff sheet/fibertape on it yet, you can safely oil it and knock it, then cover it with protection.
Now here's the part most people mess up.
NEVER, EVER oil or knock a bat while it's fibertape/scuff sheet is on.
Knocking a bat when it's protection is on will cause the edges of the protection, usually on the edges on the left to lift and come off. Not good.
Oiling a bat when it's protection is on will make the bat do all sorts of weird things. Don't try it.
This is what every cricketer should do. I do this and I've never gone wrong.
IF SCUFF SHEET/FIBERTAPE IS NOT ON THE BAT:-
At the beginning, or before every season starts (a season is usually one year of cricket), knock and oil the bat, as much and as long as you can. A few hours of knocking will be okay for your bat.. basically the more you knock the bat the better it'll perform. For the knocking, start slowly at first, then gradually increase pace. Use a very old ball or preferably a knocking mallet (believe me, knocking mallet does the job much much better than a ball, and it's cheaper) to knock. NEVER KNOCK THE EDGES OR THE BACK. THERE IS NO NEED FOR IT. After you're done with oiling and knocking, put the protection on. Repeat every season.
IF SCUFF SHEET/FIBERTAPE IS ALREADY ON THE BAT:-
This is pretty tricky. If you have fibertape on your bat, it's going to be impossible to take the fibertape out, yet alone take it out neatly. But if you have that plastic protection sheet they give usually these days (the guy at UT Sports put on a plastic protection sheet when I bought my Bubber Sher), take it out, then repeat the process I just wrote up there ^. Take out the tape, oil and knock, put on the tape. Repeat every season.
Hope it helps Cover Drive. Your bat looks awesome, I hope you have a great time playing with it and score lots of runs. :iamlegend