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1994 968 Compression/leakdown tests

Engine

Vehicle Information: Model(924/944/968): 968; Year: 1994; Body Type: Coupe; Total Mileage: 73k;

I'm relatively new to PCA and have been looking for a 968 tipronic coupe. I came across one locally. A Pre-Purchase Inspection had been done: Compression revealed about 175, and leakdown at about 7-8%. They also noted oils in the sparkplug cavities of the heads, and 2 small leaks in the engine and transmission areas ( ? seals leak). Can you please explain what the above problems are in layman's terms? And the cost estimates for the above repairs?

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