That's a pain in the #$%, It will make a big difference whether it's coming from inside the cylinder or from the rubber plugs under the cam. Pull out the spark plug, or the exhaust header and look in the port, post that result, wet and oily or not, it's the difference between bad news about having to remove the engine, and even worse,,, having to remove the engine. I don't think you're going to be able to avoid it. You could If you get the frame cut kit installed before you try to fix it.
Rubber discs are pretty easy, head gasket or cylinder damage isn't much harder, just a few "cough cough" more dollars..
This has happened many many times, there will be plenty of info here.
edit and afterthought.,
Mine was a bit smoky and had one wet oily cylinder before I pulled it apart, the rings were within tolerances but gummed up, (replaced them, std size, with a light hone.) Head gasket was leaking a little due to I think a long dowel poking up too far, the only other things I replaced in the top end were the valve guide seals, rock hard and broken, gaskets, and O rings, cam chain and tens. No more smoke. No more oily cylinder. . 16000 k's later pulled the motor to fix the leaks from the pucks and re torque the head, ( bit late, but better late than never I suppose, wouldn't have at all if it hadn't leaked)
That's what the photo is, hasn't leaked in the 2000 k's since.
P.S. Think about getting the frame kit, it would make it much much less work..
I'm no Psychic, but I see this in your future...