I have an unusual liquid oozing from the holes on my transom where the motor is bolted on. The liquid has a color similar to new motor oil. However, it does not appear to be oil because it washes off easily with just a squirt from the water hose and it does not feel slick like oil.<br /><br />The boat is fiberglass and is over ten years old. Could it be some form of rot? It does not appear to have any wood in the transom as far as I can see.<br /><br />Any ideas?<br /><br />Thanks! 