Get a square shaped e-z out from Sears. Hammer it into the opening of the bleeder screw and try and get it out by turning it counter clockwise. I have tried the threaded e-z outs and they didn't work like the square ones.
A good set of easy outs is a must have for any garage. The set will tell you what size hole you need for each size easy out. You should get a left handed drill bit for each size necessary. Drill the center of the fitting with the correct size Left Hand bit, as you drill apply pressure in small bursts this can cause the bit to bite the material and break the threads free. A left hand bit will many times retract the broken bolt with out the need of the easy out.
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