[willy]

Just got off the phone with a good friend of mine, older fellow been building and working on outboards for a long time. I told him what I found and he told me he has seen that several times in past, could be a leaking seal, could be since the blue washer that goes on first in the bottom screw was not put on last time it was opened it could have drwn water from there. But he says that if I had that kind of problem there would have been quite a bit of visible water in the oil which as of now (4 hrs) there is a table spoon worth he says he has seen it with very old oil that has not been changed for a long time and he has seen it when cheap oils were used and not changed and he has seen it when additives have been put in the oil. He told me to pick up the washers and replace and put new oil in and run it a couple of times then change it again. Look for water and go from there.