02' CTR owner
I had this problem for the last 9 months after I had the timing chain changed at 85K. The kit that Honda supplied
didn't include the timing
COVER seal, but did include an internal seal.
The area behind the timing cover is full of oil when the engine is running this oil will find a way through the timing cover seal if it is perished/damaged.
My leak seemed to be spinning off the sepintine belt near the lowest pulley. It sprayed oil on the ABS block, water bottle, alt, exhaust, under the bonnet lid, top engine mount, drive shaft, ARB links and chassis down the one side, the smell was strong when parked at lights. It left lovely oil rainbows in carparks everytime it rained and I needed to top up 1-2Lit of oil every 2 weeks. I tried a bottle of seal renewer which you chuck in with the oil to reguvenate the seal - and our survey says - eghh eghhh!
Took it to a garage-
The seal took 3 days to come as the idiots who were supplying the part sent the wrong bit - twice. ANyway!
The seal is directly behind the lowest pulley (visable from behind a cover on the driver wheel). The pulley's nut is a BAR-STEWARD to come off - So leave it to a garage. The seal costs £8 and with Lab + VAT I was charged £47.25 - It takes about an hour to do. Now Im a very happy CTR owner
I've shown you a picture of an engine with the pulley off, so the seal can be recongised.
Once it has been changed i'd advise you to visit eBay and get new interior Air filters as the ones you have now will have oil smell in them - a £10 inc P&P from zsjladyshop (seller name)
Hope this helps
Tikiteyboo ;-)