ricemaster (r)

I ran my car at the track last night and after the first run, i noticed a ticking sound coming from what sounds like the head. So i pulled the dipstick and checked for smoke. Nothing. Pulled the oil cap and smoke comes billowing out for a second, and then nothing. But when i put my hand over it, i can feel a ton of air blowing out almost as if exaust is coming directly out of the valve cover. One of my friends told me to just do a valve adjustment, while the other tried to convince me it was blow by. The car also burns oil (like half a quart every 3k miles) but otherwise runs fine. Setup is a d16z6 w/ ihi rb25 running 7 pounds of boost. After i noticed the air blowing out of the valve cover, i basically put the oil cap back on, slammed my hood and got back in line. it runs fine but i know somethings not right. Any help?

*EDIT* doing the compression test tommorow, i'll let you know the results.

ricemaster (r)

bump