Quick update on where I got to this weekend. Tank was flushed with soapy water and then dried out before any work commenced. I used a small grinder wheel to flatten the remains of the bolts to a flat surface. Then used a centre punch to mark the centre.
I offered up the tank to the drill press, but the drill didn't have the reach, so had to resort to a cordless. I started off with a 1mm HSS drill and drilled all the way through both bolts. Then enlarged the hole with a 2mm HSS drill, before finally trying a left handed thread 3mm HSS. This went all the way through one, but snapped inside the other. Neither bolt unscrewed. :(
I managed to extract the broken tip with a small pair of tweezers. That's as far as I got at my friends place (where the drill press is). I tried to knock out the superficial dent in the tank whilst there too, but didn't get very far with it. It's only a small dent, so will probably fill it before I paint the tank.
I've ordered a 3.5mm HSS drill and an M4x0.7 tap to hopefully finish the job.
Back at my place I tried to do a compression check on the engine, only to find I have no 12mm adapter on my compression tester (only 14mm). So ordered an adapter off eBay.