I could be wrong here, but I reckon it's either your oil pipes being perished or the seals have gone. It is definately oil that you are losing non?
Look all under the engine bay for oil leaks, and wipe up where dried on/blackened oil has lived. If it's something like a crank seal, it will cake most of the bottom of the engine bay with oil.
_________________ The member otherwise known as Chas
Ex Owner of a 1989 944 S2 and a 1991 944 Turbo (Ex Andrew Sweetenaham (ProMax) car)
Now Porkerless! Now with a 2003 BMW M3 and 1991 Mercedes W124 250D
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