Did the same thing earlier this month and stripped my drain plug hole in the bandit. Followed the link here to rent Timesert from aircooled.net, fixed the problem in 15-20 minutes. Incredibly good tools. I didn't pull the oil pan, but I ran over a gallon of oil through and washed out all left overs. I put red locktite on the insert and took the bandit out for a test run today. No leaks, no issues. Fantastic tools.