GOOD NEWS!!!!
Seems it was just a shed load of condensation in the dipstick?!
The engine oil was as expected after a few thousands miles, The dipstick does seem very eager to just pop out though (maybe the o ring perished)
Will be getting a new one (price dependent)
Also getting a thermostat kit
http://www.ebay.co.uk/itm/140622422259 and will need an inlet manifold gasket too