Instructions. 1  PREHEAT oven to 250F. Place steaks on a rack over a baking sheet. 2  Rub with 1 tbsp oil and season with salt and pepper. 3  Roast steaks in the centre of the oven for about 20 minutes for medium-rare.Remove from oven. HEAT oil in a medium skillet over high heat. Add steaks and sear until deep brown and crisp, about 3 minutes a side.Hold the steak on their sides and cook the edges for 1 min per side.Remove to rack and let rest for 10 min.nstructions. 1  PREHEAT oven to 250F. Place steaks on a rack over a baking sheet. 2  Rub with 1 tbsp oil and season with salt and pepper. 3  Roast steaks in the centre of the oven for about 20 minutes for medium-rare.