I've been told that "Chico" sealing compound is nothing more than portland cement. Depending on what the portland/water ratio the original installer used as to how well it will come out. I have seen some that crumbled very easily and some that was "granite" hard. You can also take a 4" side grinder and grind along the front and back about 1/2 way through the seal and then just hold one 2 lb. hammer in back and hit it with another 2 lb. hammer in front. You can also try this, I've never tried this on sealing compound before but we used to do this on mortar that the masons dropped in the conduit by "mistake". Dilute muriatic acid with water and pour down the pipe, but you'll need a way to get it back out. (We would let it sit a little bet and then flood the pipe with lots of water.) As always remember to wear proper PPE when working with the side grinder and/or muriatic acid, please. I can't remember if the conduit that we used the muriatic acid on was GRC or not, it might have been Sch. 40 PVC.