You should be able to drill the broken bolt from the backside. Then it will dull the bit when it hits the extractor. Use a punch to knock that back out and you'll have a nice hole after that. Should be able to use the newer style extractor after that.
Sean
i would but i don't have a drillpress and feel like it'd be easy to mess up. also once i tap the extractor out if i even could the threads are probably mangled up so i doubt the new extractor could get the bolt out, and even if it started the main hole is still off center of the bolt where it might grab the side again...