I agree with JRIowa that the front panel is the likely culprit, and that gasket sealant will work.
Also, do not use too thin an oil. I now use gear oil, which I got from from the local auto supply store.
I previously ran into a problem when I had just purchased my old machine. The "oil" in the box was a tarry black sludge, evidently never having been changed by the previous owner. So, thinking I was clever, I decided that I would fill it with kerosene to clean out the sludge, and then drain and put the heavier weight oil in the box.
What happened is that kerosene leaked through the back gasket, and got into the motor, so I ended up causing more problems. I eventually turned down the armature and finally got it working OK. But not before the motor short caused the power supply to go kaput, and I had to replace that too.
Well, from the mistakes I made on that project, I learned more than I had intended. But I really appreciate my machine now.
-Jon