OK... first things first, did you follow the instructions supplied for disassembly/cleaning/reassembly of the carbs? How is it running now that the carbs have been cleaned, compared to before? Can the bike idle without the choke on?
For the leak. I would say that is a leak related to the valve cover gasket. Is this a new leak? Was this leaking before you started working on the bike? Did you remove the valve cover? Is it leaking from the side only or also in the front? If you have removed the valve cover you may have damaged the gasket or there is dirt on the gasket/surface.
The advise given on EX-500.com is good. "Remove the cover inspect the gasket, clean the gasket and surface area if the gasket is good and try again. You can use a little rtv around the half moons only."
If you will be inspecting the valve cover gasket, you may as well prepare to do the valve inspection adjustment as well, since you will have the cover off.
http://www.ex-500.com/wiki/index.php?title=Valve_clearance_adjustment
Also, In the thread below you mentioned you put 2 litres of oil. Is that after you drained the oil and changed the filter? As per the manual you should use 3.4L of oil.
Please use the manual when doing maintenance! Check then double check!
If you have any questions, or are in doubt about anything, ask away.
Your post on ex-500.com, as a reference...
http://www.ex-500.com/index.php/topic,37473.msg565330.html#msg565330
OK so here's the updated story
I got er all done put everything back together, got it running on full choke, noticed a bit of smoke coming up from the engine and when it didn't stop I turned it off
there's oil leaking from the left side of the engine.. I assume that's a real problem? I'm getting pretty damn tired of this **** but I want to finish the job
I'm attaching a picture to better show what I mean
One more thing the oil window's like a quarter full after a solid 2 liters I think it's not much more than it's sposed to take but that and the fact that it's leaking oil could mean something