Cylinder #1 no compression

Well this isn't a fun situation to be in, but here I am. Cylinder #1 has no compression at all during a compression check, not even a little bump in the gauge, After adding oil to the cylinder still nothing. Cylinder #3 and all other cylinders compression is fine, so I ruled out head gasket, which is new anyways. The heads are J heads with new valves and springs, no cracks in the heads either. I removed the valve cover and watched the rockers go up and down, smooth, so I know it is not a wiped cam lobe. With the engine running you can hear the compression leaking out somewhere. Before I tear anything apart I am trying to diagnose and pinpoint the problem.

I am going to do a leak down test when I can, I do not have the tools right now, but any direction, input, or advice is welcomed.