Recently bought a 1997 Stratos 268. Motor idles smoothly and runs well. This weekend after coming back from the lake (I had the motor trimmed up with the transom saver still in place) I noticed oil leaking from the motor. It seems to be coming from above the lower unit from what looks like the drive shaft...my ignorance in outboard motors is probably showing at this point. I have included some pictures to try to help illustrate my problem. Is this possibly from an upper seal issue on the lower unit or is this something else?

Motor details:
1996 Johnson V4 130hp
Model # J130TLEDM
14.5 x 24 3 blade SS Raker





Thanks for your advice.

Will Goodwin
Memphis, TN
1997 Stratos 268 - Johnson 130