Great find mate! Welcome to the site!
Are you saying you're not using the oil injection system? Are you premixing your fuel then?
I have only read about this, but here is a concern about premixing instead of using the proper oil injection setup:
From: http://uk.answers.yahoo.com/question...7140413AAS1JC8You may have problems, although I've heard of it being done. The problem is that oil injection is usually done between carb and cylinder. Carb is therefore jetted for pure petrol/air mix. Not to sound too complicated, if carb meters fuel/air at say 50/50 then yours would be mixing petrol/oil mixture with air at same ratio. This would give a leaner mixture as you have added oil to the petrol side of the equation. Premix is also thicker viscosity than straight petrol, so jetting might have to be changed. I don't have personal experience but know the theory.
Also - sometimes old bikes take a LOT of pumping before you can bleed all the air out of them. I thought the same thing as you about a 250R I recently picked up, but after about TWO HUNDRED PUMPS it finally started pressuring up.