82 or 83 Dodge truck

This A.M I decided to try and turn it over, starter needed help so I put another in it, not frozen but very hard to turn over, I pulled all the plugs and the valve cover. ( mind you I have not even changed the oil yet )

Rocker shaft ect on # 1 cylinder a bit crusty, nothing hard core, mainly surface rust cause I can wipe away some of it with my finger but its still there.

Turned it back over with my remote starter.

Spun very easy with plugs out

Compression check is as follows. Mind you I am using a good screw in compression gauge, not the rubber tipped deal

#1 nuthin/notta, needle does not even budge

#2 same as above

#3 by the time I got to # 3 I got a VERY heavy stream of oil ( and fuel, forgot to disconnect that fuel line ) out of some places on the rocker shaft, not quite sure if I have oil at the # 1 cylinder yet though.

#3 showed 90, then went down to 60 then back up to 90......I stopped with this cylinder at this point, Im assuming that when it went back down to 60 thats when the valves was sticking open. AT this point a valve is stuck open, not sure if it is intake or exhaust, it is the one I am pointing too.

A this point it will not even close with the pressure of the valve spring trying to force it closed.

#4 110 pds but again not right away, it would pump up and then leak down very quickly then go right back up and eventually stayed up to the given reading.

#5 140 pds went right to 140

#6 120 pds If memory serves me this valve fluctuated a bit up and down as well. Not certain. My memory is getting worst with age

I dont know whats up with cylinder # 1 and 2

I would guess that maybe these valves are stuck open just a bit, maybe there is crud under the valves that needs to be removed. I can see all of the valves open and close when I turn over the engine ( with the exception now of the valve that I am pointing to which is stuck open but maybe I just am not able to see that they are open just a tad.

What would you guys do? Would you bother to change the oil yet? Its black and nasty ( and old, just dont want to piss away the money on an oil change for an engine that has broken rings or something else major thats why I decided to take the route I am taking.

It is a sign when the valves stick like this that the valve guides are shot, seems to me that if a valve is able to hang up that chances are it means its cokeyed in the guide which of course prob. wouldnt be an ideal situation.

Just guessing, I am only trying to learn an so forgive my stupid questions.

BTW I wish that my brand new re-0build slant in my truck built up oil pressure this quickly. That was a joke trying to get oil to the top end.
Thanks for any advice.