That does not look too good to me, however, seeing as you are confident in the compression, lets see what we can work out.
It is possible this engine will either need more serious work, or perhaps it would be an idea to grab a new one, as to be honest, even if we get it going, I'm not sure it will run all that well.
However, lets see what we can do for now, we may at least get it running for you, which will give a better indicator of how bad it actually is.
