RB20 Problems

[moso240]

Hey guys i started up the 240 today like normal she runs for about 2 mintues and dies i start her back up and she starts sounding like a subie i let her warm up thinking maybe its because shes cold well i was wroung..about 20 mins later i give her a little rev and notice alot of spray coming out of my exhuast not to sure on what it is though... when i first started the 240 there was not heavy but mild blue smoke which smelled of pure burning oil... so now im stuck on what it could be i rev her and she sounds like a subie but after 4ish k RPM she starts to sound normal but still not 100% any suggestions?

[dickie]

moved to the right forum.