Smoke out of the exhaust.

[Bubble_Drift]

I noticed this today for the first time.
It happened twice.
First time I was drifting around a pole. For 1 minute or so. Then pulled over with the engine revving stationary. When I drove away again I saw a huge cloud of smoke behind me. It was white/grey smoke. So I stop and check the temp and pressure gauge, everything is fine, I rev the engine a little..nothing...no smoke just as normal. Check under the bonnet, oil and water are both good and filled up to half. (between min-max)

So I took of again. Then half an hour later I'm burning up my old tires, first burnouts..then go for donuts. So I'm getting dizzy of going round and round, donuting at one spot when BAMM!! my exhaust shoots another cloud of smoke out. I stop immediately to check everything but nothing unusual again. Hmm..weird. I know that when I'm in high revs I have a lot of oil pressure according to the stock gauge.
It's almost at the H mark...like this:


Could that be the problem?


An other thing is that during the donuts the oil in the oil pan will probably go to one side...so that could mean that the engine doesn't get enough oil.
But how does the oil get in the exhaust system??

I'm 100% positive it's not the head gasket. No more smoke from the exhaust, same water level, no overheating according to the temp gauge.