UH OH My bike is spewing oil....help!

[IndyKTM]

First thing I should say is that my bike is pretty much stock. I have done the little clip/carb mod and went one tooth down on the countershaft sprocket though, but that's it.
Went riding the other day and when I pulled into the house I smelled burning oil. There was oil all down the right side of the bike covering the pipe, the battery cover, the swingarm, my pants, and a little on the case cover. I checked the oil level and it was down a lot, about a quart. So I assume this had been happening for a while. I cleaned the bike and refilled the oil, then fired it up. Immediately I saw that oil was quickly leaking/pooling from a very small area just above the oil filter location and below the forward head bolt on the right side of the engine. It was coming from where the case and the outer cover meet...it was coming from what looks like a tiny gap in the seal. Im new to the site, so I don't know how to upload photos, but I can try. Theres really nothing to photo though, if you look at your bike, you will know where i'm talkiing about.

The obvious questions are:
Has anyone heard of or had this happen to them?
Is it possible that it is just the gasket and not something more severe?
If it is the gasket/seal, can I just remove the 11 nuts on that cover and pull it off, replace the gasket, refill with engine with oil and pretend like this didn't happen?


Thanks, I'll keep my fingers crossed that this is something simple.