Check to see if your oil pump is working.

 

yeah i would say oil pump, and i would not ride it before you get that fixed, cuz that light has to do with your oil pressure, that oil pressure means that it is getting enough power to circulate the oil where it should be, through the motor and pumping up into the top of the motor where the cams and everything are....because you do have a pressure problem that means the oil might not be getting where it needs to go and you can end up doin damage to the engine