Turn the horn over on it's back, remove the back rotor caps, and put a tiny amount in the center of the backing plate, where you see the bottom of the valve sticking through the center of the plate. Replace the covers, and turn the horn back over. I also just a drop or two on the top, where the valve stem protrudes below the actuating cap
For a more thorough job, remove the valve slides, and squirting a little oil into the slide, re-inserting it, and do the proper "spin" while working the valve back and forth. Also putting oil directly into the mouthpipe will keep everything (tubing and all) well coated.
It should be noted that unlike piston valves, the rotors wear on the top and bottom where they stick through the casing and plate. This is where the sealing takes place, not necessarily at the big sides of the valve. Usually, they also need nowhere NEAR the oiling required for piston valves, and regular playing is often sufficient.
At least it was as I was dodging the odd dinosaur...