I've been chasing down an oil leak at the front of motor for a few weeks now.
First sign was real subtle-- you know, the whole front of the vanos was completely covered in semi-cooked on oil (sorry, no pic).
I also found some oil on the top of the lower coolant hose.
I cleaned the vanos and surrounding area up really well and drove for a couple of weeks. After some research, my leading candidates were a leaking vanos exhaust solenoid or a leaking exhaust camshaft position sensor.
Pulled the radiator fan today to snoop around. VCG looked good, but I could already see some oil building up underneath it.
Looked down a little lower and found this (picture taken looking up from underneath the exhaust cps):
So I'm thinking the o-ring on the exhaust cps is bad. I'm heading to the stealer in about 5 minutes to pick one up.
Will install tomorrow and report back.