John_Fraser The studs go into blind holes, so there shouldn't be any oil coming from within.
Even if the nut had a pinhole in it, you shouldn't see any oil coming through it, the stud is surrounded on all sides by gasket.
I'm not sure why you would have this problem. The gasket can be tricky to seal fully in tight bend over the cam cap, but usually only a dab of RTV in each corner is required before fitting the gasket.
But in saying all this, I have seen multiple people on Oz Volvo lately, including myself, experiencing problems with valve cover gaskets failing quickly by delaminating, so maybe it's just a bad valve cover gasket?