I've just had a quick hunt around the bottom of the headstock, and there's a couple of bolts there that look like they could be drains... I will investigate a little later, when the day job isn't interfering...
Thanks for all the suggestions! I may still need some of them; I don't know how well it'll drain out yet. I can't use the turkey baster idea - ever since I watched "A Thing Called Love", turkey basters have been on my phobia list

(Unfortunately, the series appears to have disappeared into obscurity, which is a shame as it was a great watch. And had the lovely Liz White in it, plus the aforementioned turkey baster....)
Magnets: I have a couple of Neo magnets salvaged from an old hard disk. I'll find somewhere suitable for it.
John - I like the Venturi idea! But I'm in a catch-22 here: Can't really turn anything until I can run the machine for a decent length of time, which I can't do until I put new oil in, which I don't want to do until I've got the oil out...