Wouldn't loss of oil cause high temp and low pressure? Both the HIGH OIL TEMP NNC and the LOW OIL PRESS NNC state: Accomplish the engine failure and shutdown checklist. So I would say; go by "the wise words of Mr Boeing" and shut it down.
Why is it that some many people try to make this profession more difficult than it is, it's all written down in the books!!!
[ 05 December 2001: Message edited by: Track ]