Thanks Bimmernut1, I suspected those solenoid valves had something to do with the oil pump features. I remember reading a post explaining how the whole oil pump system works.
Going to see if I can get away with just replacing the oring seals. It's just that last time I looked at the solenoids, they seemed to be seeping oil from the solenoid valve body endcap. Keeping my fingers crossed. Few bucks spent is alot better than several hundred.
Thanks
BMWBiz