Valve cover breather and oil?

I'm almost afraid to ask this.. I've got about 2k miles on this 331 stroker(Keith Craft) and vortech a-trim@8lbs. I noticed what I thought to be oil coming from the valve cover breather. Enough came out to start dripping on the engine and burn.

I had the fuel pressure up waaayyyy too much and thought maybe it could possibly be fuel, umm.. probably not.

I will try to give it a compression test tomorrow and see how that goes. I really will be sick if I have to rebuild it with only 2K miles on it.

Experiences?? Suggestions??

------------------
Rick
My 89lx(updated 2/21/2001)
My 97 Cobra