Update on the compression test:
1 = 140
2 = 135
3 = 160
4 = 150
From the advise of allteza, looks bad.
I just got the car almost 2 months now, first thing I did was give it service, change points and condenser, cleaned the carb, new plugs, cleaned the battery terminals, I can't reach the grounding points on the engine so I added ground wires. Batt to chassis, and chassis to engine.
Changed the brake fluid and serviced the brakes, drained the old fuel, changed oil and filter.
I think the only old fluid in the car are the gear oil for the tranny and diff.
Before I got the car, it was sitting on a garage and was not started, driven for atleast a year said the previous owner.