Steve nailed it. I doubt seriously you hit the exact middle of the broken stud with the small hole. That being the case, it would more than likely get into part of the threads, on one side of the hole, if you drilled to the full, tap size.
The best thing to do is as Steve says, and progressively step up in size until you can see the tops of the threads in part of the hole. From there, and sharp cape chisel will do wonders to get the remainder of the bolt out of the hole.
I've done hundreds this way, some in extremely tight spots. It may take a little bit, but I have yet to have one I absolutely couldn't get out.
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