It wouldn't be a flathead with a 215 for sure. Still a good motor, just not a flat one. If it's a flathead V8 then you could have a head leak or possibly a crack into a center exhaust port. A freeze crack in the lower pan rail can leak outside the oil pan but most of the time it fills the pan with coolant. It's kind of rare to have a crack in the outer wall of the block but I won't say it can't happen.