Well I had a hard time getting a good reading on the dip stick because I kept getting lines of oil that were all over the dip stick. BTW, the engine was off like it should be, but it was like checking your oil with the engine running?
But when I first started it up, like always I checked my gauges and everything looked fine. But 60 seconds after I pulled out of the parking lot I noticed my oil pressure gauge bottom out. When I saw that I crapped my pants and pulled over into a gas station. I check the oil there and that's where I got the funny reading (no solid line of oil at the bottom of the dip stick).
So I decided to risk it and drive about 300 yards (lucky) to an Advance Auto parts and buy some more Mobile One. I did that because I heard that synthetic and regular oil don't mix or something like that which could be just the same as no oil???
I added a half a quart of oil at a time until it started to show up on th dip stick (2 quarts). When I left Advance my dip stick looked like I had too much oil. So I drove it home and checked it in the morning and it then said I was a half quart low. I drove it to work and check it again at lunch, still a half quart low.
After work I added a half quart and drove home. Got home and later that night I checked it again and it seemed to be right on the money.
All this time I have seen no oil on the ground, or any signs of oil leaking from the engine. I have from time to time smelt burning oil but I've always thought it was someone elses car. I wiped the inside of my tail pipes and no oil rez.
I think I'll follow the advise mentioned above and do a compression check this weekend. Let me know if you think it might be something else that I'm missing. I'm scared out of my mind that I may have blown a ring and I'm starting to wonder how much it would be to swap everthing out for all forged internals, Yikes $$$$. has anyone ever done a Cobra motor swap?