What does it mean when I can hear compression being lost out of the crankcase and head when I turn the engine over by hand? I'll explain. I currently have the clutch out and the valve cover off. When I turn the engine over by hand I can distincly hear air hissing out of the area in the clutch space where I can now see the crank. The hiss at the head could be at the exhaust openings I suppose, or maybe just a clearance issue, but I am really concerned by the hiss in the crankcase. Does this definitely mean my rings need replacing and the jugs a hone? Also, can I do a compression test (albeit with a cold engine) without the valve cover on? I tore up the gasket removing the valve cover and won't be ready too buy a new one yet.