Should all oil drain out of tank when timing cover is removed?

I removed the timing cover on my 1974, and without touching the oil pump the oil in the tank drained out from an area around the pump. Is this normal?
I have had oil being blown out of the gasket area in the front of the cover and was just going to replace the gasket. It was clear when I opened it up that the old gasket was bad in that area.

Roadnwater said:

I removed the timing cover on my 1974, and without touching the oil pump the oil in the tank drained out from an area around the pump. Is this normal?

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It is normal if the threaded oilway drilling in the crankcase next to the pump isn't temporarily blanked off with a case screw while the cover is removed.

I learn something every time I work on it. Thanks.

Roadnwater said:

I learn something every time I work on it. Thanks.

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Make sure you have the rubber seal on the oil pump before you re-install the cover. I usually replace the 2 other seals while I have the cover off.Also you can check adjustment of the timing chain