Compression test:
1 = 190
2 = 188
3 = 190
4 = 190
pretty much perfect

Did a valve adjustment, it took away a little bit of the smoke but definatly not all of it.

I have a feeling that the exhaust side of the turbo is leaking oil somewhere. & thats where the smoke & burnt oil smell is comming from. Not sure yet tho.

I don't appear to be low on any fluids after all night of driving tho.