Good news. I could not build any oil pressure when I tried priming the engine with a drill through the distribuitor. I kept hearing gurgling and hissing under the intake manifolf. After 2 days I thought about trying to drink through a straw with a hole in it and decided to pull the oil pan. The oil pick up tube was cracked where it threads into the block and broke off when I touched it.
A trip to the auto parts store for 2 pan gaskets and a $17.50 pick up tube and the bird is running. Thanks to everyone for their advise.