Air compressor leak?

[Sledpuller]

I’m thinking I need a new air compressor. It’s bubbling a leak of what looks like oil and water, right at the front housing connection. It only bubbles and leaks when the compressor is charging air. I replaced a missing bolt on the [/php]mounting flange a month or 2 ago. I’m wonder if the case is cracked.
Anyone seen this type of leak or have any ideas?
Hopefully I attached the picture correctly….
Thanks