Tim, got your note, that looks pretty much to be the Oring, especially if its an 08' and the cover has never been off. For $1 and an envelope, you can't beat the deal, and at least you can scratch the ring off on the probable list for a few years after its replaced..... clean all that goop off before you pull it tho, you'll know when you pull it if it was leaking, for sure.... as for the cover gasket, when I did my last check, I carefully removed the gasket and inspected it, it was not compromised in the least, and I could see clearly it was sealing fine, when I replaced the cover, I meticulously cleaned the gasket groove with a scraper and brakekleener, and the mating surface, applied a 1/8" bead of black hightemp RTV in the center of the groove, and reused my old gasket, which I cleaned with brakekleen also, gotta by oil free..... its a timing thing, I made sure the cover install could be uninterrupted by anything else at that point, applied the RTV and gasket, let it sit flat on my bench for 10 minutes, tyhen without interruption installed it and snugged it down. Never leaked..... make sure to sop up all the pool of oil sitting in the well on the head, and degrease everything.