Sorry, got a rookie question:<br /><br />I recently got ahold of a 10 year old 19'6" Grady White with a Merc 150 BlackMax engine, also 10 years old (has been on the boat since purchase). According to the previous user the boat has been running without a hitch for a decade. (drumroll)<br /><br />About a month ago the gasket at the top of the remote oil tank broke and was replaced. The tank is under aft the seat. Two weeks ago I was out for about 4 hours, after about 2.5 a very loud steady alarm started to sound from the dash. After stopping the boat and restarting the alarm went away. The next day I took the boat to get gas, and after filling up and heading for home, the alarm sounded again. I restarted the boat but had the alarm go off another time. Finally it stopped. No sooner had I got underway when I noticed oil shooting from a crack in the remote tank. I wadded a towel around the tank and was able to make it home. <br /><br />My questions are the following -- is the alarm related to the oil tank problem? And can I fix the tank by replacing it or should I enlist the help of a mechanic?<br /><br />Sorry for the long post. Any help for a new guy would be greatly appreciated. Thanks.