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i have a 2000 intrepid 2.7 that i was told had a blown head gasket. the oil is mixing with water. no big deal.
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The way the 2.7 is set up, may be the water pump causing that. And it is a big deal; coolant in the oil will eat the bearings of the rotating assembly in short order.
As faras your hole, don't know.The next time I have a 2.7l LH in the shop, I'll check on that.