What is that?

Anyone know what the extra connection is for? This is a 65 Mustang Coupe 289. You can see in the pic the oil pressure switch has its wire. What is the other wire for?
 

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I've not seen an extra wire down there before. If you disconnect your battery and put a DVOM on the two wires at the same time are they possibly the same thing? some sending units have a post and some a nail head. Maybe it's for either or.
That's what I thought....I snipped it off and used it for my temp sensor....just wondered what it was. Tks
 
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