Time To Drill 'Em

drill the right eye
Note the drill is pointed to the center of the pumpkin, along the spherical radius.
drill the other eye
inspect your work
Also note all the goop flying out. Now we're really starting to see the point behind the newspaper.

Take a look at the placement of the eyes -- pretty high up. You don't want to think of this as a real face, since things have to be "high on the pumpkin" to be properly seen when it's done.

Contemplate, and get a feel for where you want the nostrils.