Thank you all for your suggestions! Any more suggestions are still thoroughly welcomed. To respond to multiple people at once, yes Frank, the Hex part of the bolt has broken off, only leaving the threaded portion in. And yes, there is a hole in the bolt now, from where the oil has been fully drained out. The welding method has caught my eye, I'm just not fully certain about my teachers readiness to weld at this current moment, so I think that we will go with drilling it out like both and Terry suggested. We'll probably start this Monday though, so I will keep you all updated. And also for Terry, here are some pictures of the project. We're currently in the process of striping the paint and preparing it for next year to paint it, so that is why it looks the way it is.