ummm Oil problem.

[Suzmo]

Hey guys, i was just driving it normal for abit and just uped it in 2nd gear and after i got home, and let the turbo timer shut down the motor, smoke started comming from the engine bay and i lifted up the hood and there was some kind of oil over the left hand side of the engine bay, near the blow off valve.... (FC3S Turbo series 5) any1 know what it could be? does oil come out of a blow off valve sometimes? or does it sound like a oil line bust and how do i know my engine is up for a rebuild?

(Dont worry i got everything else undercontrol)

thanks