First I'd check valve adjustment, and the valves themselves to see if they are hanging open because they are either overtightened or damaged. Hopefully the problem is with the valvetrain because if it isn't, there is a good chance you have had a catastrophic engine failure, like holes in the pistons, a severely cracked block or cylinder head, etc. A bad head gasket is a possibility, but blown head gaskets rarely effect 3 cylinders (it's usually only one, or two adjacent cylinders) and rarely result in ZERO compression. The best case scenario would simply be overtightened valves because if no damage has been caused by them it's an easy fix that costs virtually nothing to fix. It is also the least likely culprit unless the valves were recently adjusted as a result of an engine rebuild or repair. If you (or someone else) just adjusted the valves due to repairs or a rebuild, it's definitely the first thing to check because it would be the most likely under those circumstances. Also check to make sure the camshaft is actually turning and opening/closing the valves. If it isn't, you will have at least three cylinders with valves hanging open, thus zero compression.
If any two adjacent cylinders have low compression it's probably caused by a blown head gasket.
Start by testing the compression. It should be consistent within a few PSI on each cylinder. Any cylinders that have little or no compression probably have a burned valve. If all cylinders are up, check the plugs, wiring and distributor.
WILL IT STLL RUN ?OR IS IT DEAD ?
Compression ratio on a 1974 Chevy 350 in a Nova was 8.5:1.
The compression ratio of a 350 Chevy engine usually ranges from 8.0 and 9.0 to 1. This provides a good balance of fuel economy and power.
8.5 to 1 compression is factory stock.
150 psi should not vary by more than 10 psi between cylinders
The 1990 Chevy G20 has a 5.7L Small block 350 v8. So It has 8 cylinders :)
10.5-1
About 8.5 to 1
Chevy 305=5.0 Chevy 350=5.7 Chevy 4.3=350-minus two cylinders making it a V6
then youre running about 8.5:1 compression