To bleed the fuel lines remove the return line from the rear carb and cover it with your finger. Blow a little pressure into the fuel tank and when fuel starts coming out of the carb where you removed the hose put the return line back on and your fuel system is bled.
For the oil system remove the bleed screw from the oil pump until fresh oil comes out with no air and put the screw back in and the pump is bled. Now to bleed the little oil lines from the pump to the intake start the engine and with it at idle hold the oil pump arm wide open until all the air is out of these lines it will happen fairly quickly and you will see the oil pulsing about 1/4" at a time.