It’s not perfect, but it’s a start… I think I can manage to recover.
Ended up sanding off the lettering with 220 grit (should have used 400 or something lighter), so there are some sanding marks above and below the lettering. Also somehow the masking on the white strip bled through. Need to fix that as well.
One layer of oil fade. Doesn’t look too bad, but definitely needs more work.
Under the kitchen lighting
(https://farm5.staticflickr.com/4859/39732544963_e8ba38cebb_c.jpg)
Under the workbench lighting
(https://farm8.staticflickr.com/7895/46644662032_772f0c9658_c.jpg)
Went and bought my 1 bottle of paint on my way home from a teacher workshop. Big mistake, I should have known better than to buy paint at a LHS that only has a few bottles of paint.

I had previously bought paint from them with no problem. Trying to restore the paint with some water, will give it 24-48 hours and see what happens.