oil in the cylinders like you did for the wet test and try starting it again. Some peoples m50's seem to lose the ring seal when setting for awhile. Once you get it to start if you check the compression again you'll find out that its fine. Squirt oil into cylinders and crank for a short while with the gas pedal to the floor , then crank normally and you should be able to get it to start.
Originally Posted by JScritch