Over the years I have drilled out many broken bolts , studs, extracted both broken taps and easy outs,
If the bolt is a stuck as it seems to be and you have the extractor still stuck in there, Test the bit of the extractor that you have with a file to see how hard it is, If it seems reasonably soft, buy a NEW drill bit and see if you can drill out the extractor, Some cheap extractors are not worth the hassle, and are made of real poo metal, The last set of extractors I bought cost me nearly £60, and I havent broken any of them yet

you can somtimes get away with Reverse Helix drills [Left handed] which need to be rotated in the opposite direction to normal drills to work, the Idea behind them is if they snag sometimes, not allways they will unscrew the broken item,
A way to ensure you allways drill along the centre of the bolt is to refit the cover, Next find a piece of tube, or machine up a piece of tube that fits into the bolt hole of the cover neatly, using a drill that fits the tube nicely, insert the tube into the cover use that as a drilling jig, that way you are fairly certain the drill will run down the centre of the broken bolt, see the link but you may have to sign on,
http://www.nsra.org.uk/forum/topic.asp?TOPIC_ID=42498
Short drills, if available are sometime a handy thing, as they are less prone to wandering and flexing in tight situations, If I find broken drills at work, I sometimes regrind them into shorties
Failing to get the extractor out,------- Really only leaves you 3 options. 1, Assess the situation a to see if you can get away without using it, and fix at a later date when it can correctly.
2, Take the block outand then take it to your local friendly engine rebuilders/engineers and ask them to spark erode the stud out.
3, Make a small hole cutter/hollow drill that is the same size as the O/D of the thread, using lots of oil drill the stud out, [This will need to be Jigged similar to the way described earlier, or make the cutter stepped so it would fit into the cover neatly and be self aligning,] next if you have drilled the hole out cleanly, you wont be far away from the helicoil size, and a repair would be easy from there, if, for any reason, the hole has come out to big, you will need to tap the hole to a suitably larger size andmake a screw in insert which can be either loctited into the block or scotched onto position with a grub screw or pin of some sort.
Ian
