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Hi Bill..
Sounds like the sensor is bad. There's no function that calls the light on with mileage, or oil change intervals.
I've seen a few threads on bad Oil Pressure Sending Units lately with the early 90's TC's.
The sending unit's cheap so that would be the right place to start.
Worst case, you may have knocked a bunch of crap loose in the oil pan and partially blocked the oil pickup screen, that would be a serious problem so don't take too long taking measures to correct the problem.
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-Steven
1996 Town Car, Cartier
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