Could either be AOS or your engine imploded. I've experienced both and they look identical.
In two of my three engine failures, the engine still ran with oil coming out and smoke billowing out. Both had major damage from failed lifters. Don't run the engine until you can inspect it and confirm the source of the problem.
I hope that its just the AOS.
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1999 996 C2 - sold - bought back - sold for more
1997 Spec Boxster BSR #254
1979 911 SC
POC Licensed DE/TT Instructor
Last edited by thstone; 08-01-2015 at 08:13 PM.
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