Check your oil pump shaft, thats what just broke on my car. Your cars fine if you didnt run it to the point of seizing up with no oil.
See if you can turn the pump, it could have seized up too. If those aren't the problems, something weird is up.
Skyler
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-1989 Saleen Mustang #406-
TFS TW Heads, E-303, Edelbrock intake, 70mm TB, 73mm MAF, 24lb injectors, 1 5/8 shorties, Off Road H, 3 Chamber flows, Jaz Race seats, Back seat removed, sub-frames, Roll Cage, and a 80 shot of N20.
12.54@107.4 Motor
1.69 60'