40:1 is a pretty popular ratio. 250ml of oil to 10L of fuel
Synthetic oil is good because it tends to burn slightly cleaner, which is better for the power valve as it will tend to gum up less, and require less cleaning.
Although, oil is pretty subjective, and you tend to get a lot of answers for questions like these. Have a look at this thread on premix oils, and you'll see what I mean.
http://www.gasgasrider.org/forum/showthread.php?t=12760
If I need to, I use a plastic bottle with oil to mix 5L of fuel, ie 125ml.
Seems to be fairly safe.