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valvers do use oil more than most other cars. mine loses about 2litres over 5000miles. need to keep em topped up.
water may be a leaky hose somewhere whern under pressure. not always noticeable on such a hot engine if leaks round the eng. look for mayo in the oil filler and dipstick.
mine was using some water and i couldnt see any leaks. since i did a coolant change it stopped.