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no one replied because it was an obious solution, you answered your own question.
you've described an engine that is beat to shit, leaking oil, no compression, knocking noise. Now do you really think a head gasket is going to fix all that?
obvious answer is a new engine. If you can find one put it in. if not you need a new car, your engine is gone, never will return, over, kaput, dead, pushing up daisies...ect..ect...
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My garage
1991 Nissan Maxima SE V6 5SPD - daily beater - Sold
1988 VW GTI 1.8l 16v - weekend beater - Blown engine
2005 Elantra GT sedan 5spd - Woo, no more beatup cars!
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