Assuming the oil was a synthetic, the residue would have provided a limited 
 amount of protection.
Remember that the dipstick may appear dry while there is still 2 or 2 1/2  
quarts of oil in there.
(Although a serious leak may indeed have allowed the oil to drop SERIOUSLY  
low if the engine was run long enough.)
 
I'd drain and replace the oil, run the vehicle to see how long it takes for 
 the engine to lose a quart, then see if it can be determined when the oil 
was  last topped up.  It may be the oil went below dipstick level but was 
still  sufficient to avoid major damage.  
 
Also consider ANY OTHER possibilities for that noise you're hearing.   If 
the car will soon need a new clutch, it wouldn't be too much more work  to 
pull the engine with the trans and replace bearings (if that is the  problem). 
 
 
 
In a message dated 3/29/2010 7:55:36 A.M. Eastern Daylight Time,  
[email protected] writes:

Hi,  

A "friend" of mine ran their 99 mk2 with low oil (read: this could  mean 
none) for some time. It was eventually noticed when the engine started  making 
noises. Oil was added and it still running. I took it for a spin at the  
weekend, it accelerates + idles fine, no noises, but when lifting off or  
*just* slightly applying trottle it makes a cyclic deep click noise. Its been  
suggested that the crank is done for, but it sounds more top end to me..  
actually.. the engine feels pretty strong. I suspect its had its engine wrung  
out on a regular basis too ;-) 

What should I be looking at first here?  What kind of damage? 
Likely the noise is crank floating back and  forth?

Cheers,
Steve


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