Hope I`m not teaching Granny to suck eggs and am probably barking up the wrong gum tree without a paddle here. Just an idea which may or may not be relevant.
I`m not in any way that knowledgeable about XK engines but when I first read the post I envisaged a broken stud lodged on the top face of the block. My immediate reaction was..... "Ah, a job for an easyout tool, albeit with the head removed".
Then I re read the post and saw "bottom". At that point I thought, long stud with remains buried within the block structure. That is more of a problem!
Broken studs in the top of the block are not usually too much of a problem and i`ve previously used similar tools as in this link to good effect.
http://www.amazon.co.uk/Silverline-3717 ... 512&sr=1-3
A more high tech and sophisticated version is in this link.
http://www.google.co.uk/aclk?sa=l&ai=CA ... ut&cad=rja
These tools may not be suitable but I thought I`d just pop this into the discussion even if perhaps not quite what is needed.
I can recommend Geoff and Dave, two brothers, at Bristol Autocare on the Redfield/Hanham borders in Bristol. I don`t know if they are still operating as it was in 1991 that I last used their services. Both ex Rolls Royce employees, then running a superb engine reconditioning workshop just east of the A431 and A420. Top guys but both probably in retirement now. Worth investigation as this sort or difficult job would be right up their street.
Hope that helps.
Mike K