did a compression test today on my 306, doesnt look good

[coreyhayman]

finally did a compression test on my stang today, shes been smoking like a bitch, and when i say smoking i mean smoking real bad and leaking oil but i cant figure out where.....also found 2 of my plugs were messed right up with the electrodes right gone.neways heres my results
#1 80psi
#2 65psi
#3 112psi
#4 120psi
#5 100psi
#6 125psi
#7 112psi
#8 120psi

 

[BLOWN 5.0 FOX]

looks like someone is getting a 310 CID

 

[mjbtv]

Are #1 and #2 next to each other? If so, head gasket, and other problems. The fouled plugs you found were out of #1 and #2 right?

 

[coreyhayman]

ya the plugs were out of 1 and 2

 

[coreyhayman]

hmm whats a rebuild go for nowadays?.....i just want new gaskets etc.......my cars prolly only making 50% of the powerit should be