My deepest sympathies. I would be heartbroken at the loss of the car and frustrated at the potential monetary outlay that was ahead of me.
What kind of condition is the car in otherwise? I think you have to take that into consideration. Is the body and interior in good condition? How about the non engine related components? Do you have a ton of work to do on the car still? What I am getting at is if the engine replacements PLUS all the other work you still have to do is close to the money you would spend on a newer car/younger ZHP then I would say it would be hard to justify throwing in a 5k engine project.
As an aside, do you know how this happened? Did the oil pump nut back off? I have read of that happening when the engine sustained high RPM runs. Sound familiar at all?
2005 BMW 330i ZHP 6MT. Built 11-19-04. Bought 4-2012.
Stock: Nav, leather, PDC, Xenon
Added by me: OEM Alarm, OEM heated seats, OEM aux kit, OEM Bluetooth, intravee, M3 strut brace, BMW Performance Intake, Nappa leather arm rest, updated LCM (triple blink, euro hazards, trifecta lighting, 3 stage brakes), temp gauge