Outboard Exhaust Leak

[PhlyanPan]

During sea trial run I noticed exhaust leaking from the starboard side of the engine near where the powerhead and mid section meet.  Upon closer inspection there was some cooling water leaking as well.  Engine is a 2002 Mercury 150 saltwater.  

How big of a problem is this to fix and how much would it cost to fix?  Any thoughts would be appreciated.  Thanks!

[Xxx]

I think what your saying is the head gasket is leaking, If possible see if the head bolt is not fully tightened, might be a head gasket going bad, which isn't that bad of a job if you a little mechanically inclined. I have no idea what a marina would would charge. Other than Hank, I don't know of any honest guys up there.

[PhlyanPan]

I don't believe it's the head gasket.  I think it's called the adapter plate or exhaust plate gasket if anything.  

 

Who is Hank if you don't mind me asking?  

Edited August 17, 2015 by PhlyanPan