What happened
The FAA’s narrative, in sentence case. The FAA writes it in capitals and removes private details.
(-23) Owner/pilot was test flying the aircraft because of an oil pressure problem. Pilot took off from his back yard strip, entered into a right climbing turn, but the aircraft continued to roll over and plummeted into the ground inverted from about 300 feet. The airspeed indicator was slapped at 165 knots. The owner had recently purchased this aircraft, it didn't have an airworthiness or registration certificate.
As the FAA filed it
(-23) OWNER/PILOT WAS TEST FLYING THE AIRCRAFT BECAUSE OF AN OIL PRESSURE PROBLEM. PILOT TOOK OFF FROM HIS BACK YARD STRIP, ENTERED INTO A RIGHT CLIMBING TURN, BUT THE AIRCRAFT CONTINUED TO ROLL OVER AND PLUMMETED INTO THE GROUND INVERTED FROM ABOUT 300 FEET. THE AIRSPEED INDICATOR WAS SLAPPED AT 165 KNOTS. THE OWNER HAD RECENTLY PURCHASED THIS AIRCRAFT, IT DIDN'T HAVE AN AIRWORTHINESS OR REGISTRATION CERTIFICATE.