Re: Oil Pressure?

You have oil in the engine right?
My first guess is that the needle on the gauge is stuck.
Second is that there is big piece of dirty sludge in the tube from the engine 
to the gauge.
Third you need a new engine.
Disconnect the tube at the engine and see if you get a good spurt of oil 
coming out.
Check the gauge with a spare, if you got one.
Replace or blow out the tubing from the engine to the gauge.

David Oliner
60 Bugeye
67 TR 4A