Honestly the best way to figure out the leak is getting your head in there in person. From the picture i would say yes, the valve cover gasket has a leak and that distributor cap looks a little soaked in oil. so your looking at a new valve cover gasket and possibly a new distributor seal kit which you might as well by the whole distibutory repair kit. The valve cover gasket can be sourced at your local autozone and distributor kit at kbox
http://www.kbox.ca/catalog/product_i...products_id=46