Adrian.
There is no magic oil, no insider knowlege, and no secret fix for your problem. To state matters bluntly, the engine is a clapped out heap of scrap iron which needs to be either repaired or replaced. It really is as simple as that. You know the cost of repair, you know the cost of the huge amounts of oil it is drinking, and you know the cost of repeatedly throwing money at a mechanic. It's time to use that knowledge to arrive at a decision on the car's fate.
I am sorry to add to your misfortune, but this problem is well known in the trade so car dealers are unlikely to offer you more than a few hundred pounds for it, no matter how good the rest of the car may be. Bear that in mind when making the decision.