15% oil in the coolant is certainly not 'normal' and could indicate a problem however, are you sure its oil and not just grubby anti-freeze (which is an 'oily' substance, although this mixes well with water, so unlikely) or even Diesel (also oily) ?
If sure its oil, I would take it for some checks (compression etc) before it gets worse and/or to put mind at rest. If head warp or crack or gasket etc., you might not necessarily have double-cross-contamination (ie water in the oil as well as oil in the water) due to possible location of 'leak' and/or the direction of the pressures involved - but you could have soon if there is such a fault.
Hows the temp holding up ?
Last edited by bagpuss; 09-23-2006 at 08:23 PM.
1994 E34 530i MTech UK 137,000 Miles 45,000 on Alusil