That is a valve cover gasket leak. Let me guess, you put on a Victor Reinz before, right? I'd just replace the gasket with Goetze, and go from there. Worth a shot for $30...
Black Sapphire MetallicNatural BrownSilver Cube
e46 330i ZHP/6MT - Sold
M3 - RIP
Alpine WhiteTanSand High Gloss e46 330i SlickTop/5MT - Sold
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