[Spridgets] 995 Huffaker race engine question

[lotuspilot at frontier.com]

Hi Guys and Gals,
I just rebuilt a Huffaker race engine that had been stored away for decades.  I started it after the rebuild and all looked well after I discovered that I had the distributor drive gear in 180 out.  That took me a while to figure out until I replaced all of the plug wires 1 went to 4 and 4 went to 1 and 3 to 2 and 2 to 3.
Ok.  Here is my real question after running for about 20 minutes with varying engine speed, I noticed that about a quart and a half of oil decided it didn't wish to stay in the engine any longer and was being deposited on the driveway by way of the hole in the bottom of the transmission.  What happened here?  What should I check?
By the way, the engine is running 11.5 :1 compression and all so high compression.  It sounded spectacular.  I am dying to drive it once I get you all to give me some idea of what may have happened.
Thanks a bunch for all of your thoughts.
Mike C
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