I don't have a wood-handled khukuri (yet, he said, grinning) but I'm familiar with Tru-Oil from gun work in the past. The product is not as good in my opinion as other easy to locate finishing media. It doesn't penetrate all that well, being thick and shiney, as Will mentioned. You can get a good matte finish with it, but it's a lot of trouble. Better would be GB Linspeed, available now only from Brownell's, Montezuma, Iowa, or plain tung oil or 'Danish' oil, that you can probably find at any paint store. These last two are what I use...pure tung gives a very flat finish, Danish oil has some dryers that give a nice luster (not shine.) Anyone needing advice on application of these, can e-mail me, but it's really not that complicated.