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i have oil / gunk in my water resovoir?

I have oil / gunk in my water resovoir on my Peugeot 206 1.4 petrol. I know this my be signs of a gasket failure but is it possible that I just need an oil change and filter perhaps?? My car is running fine and is not overheating at all, I do have engine management light on however. Any help would be very much appreciated. Thanks Guys
Phil, April 2011
it will do no harm to service it and as you say your head gasket may be at fault

cdc, April 2011
No it does not appear to have an oil cooler, but the last service was a while back so wondered if the oil filter could have died. If not I think it will proabaly be the head gasket.

Phil, April 2011
does the motor have an oil cooler?had a few of these causing problems that you describe,may be expensive though so would try a scrappy

cdc, April 2011
link Click here to see other fixes for Peugeot 206 1.4.