The part is a decompressor retaining bolt, there is not much oil pressure up there so you could try some sealant and don't try to tighten it up to much. Are you sure it is coming from the thread, as it normally leaks at the decompressor rubber plug.
Great news. If I buy one of these plugs, is there anything else to remove from the bike apart from the bolt and washer. And does the original bolt/washer screw into this manufactured plug after its been pushed in? Apologies for my ignorance....!
Just read fitting instructions for the plug. My problem is that the small bolt won't tighten fully, probably over tightened in the past. Oil is coming out past the bolt/copper washer. Can it be helicoiled? Bolt thread looks ok.
-- Edited by funguseater on Sunday 13th of May 2018 09:19:51 PM
Oh, I get it now ! Great news, think I will pull the trigger on purchase. It was only this issue that was holding me back. I reckon a smear of red hermotite would do the job. Got some in the garage...thanks for the explanations all :)