30-07-12, 09:09 AM
Hi Richy... and welcome to the forum. 
Yes, that does sound like the drainage hole for the well the plugs occupy. If it really is oil that's coming out rather than water/ACF50/WD40 etc (I'm wondering if you'd just washed the bike!), then the most likely source is a bit of seepage from the cam cover gasket. Lifting the tank and pulling the plug caps off should give you a good enough view to see if this is where the stuff is coming from.
Cheers, James
Yes, that does sound like the drainage hole for the well the plugs occupy. If it really is oil that's coming out rather than water/ACF50/WD40 etc (I'm wondering if you'd just washed the bike!), then the most likely source is a bit of seepage from the cam cover gasket. Lifting the tank and pulling the plug caps off should give you a good enough view to see if this is where the stuff is coming from.
Cheers, James