Replacing a few things on the N62 4.8l today and while removing the crankcase vent breather hose i discovered some bright orange goo on the inside of the hose and on the outlet tube on the valve cover. I havent gotten the cover off yet (i will tomorrow) but after checking in for the night i figured i would get some input on what the heck this is. Any insight? I've been trying to upload pictures but the file size restrictions on this site are rediculous...

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2007 E70 X5 4.8i Sport Package
8x,xxx Miles
"My Precious" (Smeagol voice)