Oil pressure switch missing connection/Neutral bulb stays on

[Sbonett]

Hi all, so I noticed that the oil pressure light doesn't ever come on, so I began looking and I noticed that the blue/red wire isn't connected to anything. Any idea where this should go?

http://imgur.com/a/2EaV8

Also any idea why the neutral light stays on even though in gear?

[LITTLE=ONE]

Oil pressure switch is under the carbs on the top of the engine

[Sbonett]

Oil pressure switch is under the carbs on the top of the engine

Thanks for that one. Any idea regarding the neutral bulb? I noticed that when I put the kickstand down and put it in gear the bulb turns off as it should, but once i raise the side stand it comes on again.

[LITTLE=ONE]

Here is the neutral switch , green and red striped wire

[Sbonett]

Any idea what may be the cause? Before I had cleaned the chain, all was working fine. Must have been when I removed the front sprocket cover.