My cam belt stripped while driving my 95 Golf Mk3 1.6 8V GS model. I have replaced the cam belt with a new one and manually turned the crankshaft a few times to make sure that all was OK.

The motor starts just fine and idles OK, BUT the tappets are now VERY noisy and the oil light keeps flashing.

Have dropped the sump and checked the oil pump, which is fine. Bearings look OK too. The motor idles fine so I don't think there is a bent valve. Just no oil pressure and noisy tappets...

Any ideas?