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Do a wet test, record the readings of a comp test then squirt about a tea spoon of motor oil and test comp again, if the press goes up your rings are toast.
remove and inspest your spark plugs, look at the tip, if half of it is a different color then the other ( its kinda hard to explain)....usualy when the exhust valve guide is leaking you will find black deposits on one side of the electrode, as the oil gets on it from the exhust valve, keep in mind the exhust guides allways wear faster due to the heat.
by what you described, I'll say you need a ring job at least.
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