What happened
The FAA’s narrative, in sentence case. The FAA writes it in capitals and removes private details.
(-23) On 17 June 05, at approximately 1500HRS and 35 nautical miles north of key west international airport at an altitude of 5,500 ft, aircraft N734SK engine began to run rough. After communicating with miami center decision is made to turn back to key west. Minutes later engine begins to run rougher with loss in oil pressure. Pilot communicates with miami center and navy approach for closest airport. Pilot reports unable to make airport and decision is made to land aircraft in ocean. Aircraft lands in water and pilot and student evacuate aircraft without injury. Fishing boat rescue pilots. Aircraft N734SK sinks in 25 feet of water. Aircraft is later removed from water by salvage company. On June 23, 2005 inspected aircraft and found the following: inspected engine and found #3 cylinder dislodged from mounting studs - engine casing cracked open approx 8"l x 6"w across just above #3 cylinder area with cam and a connecting rod for #3 piston revealed - cam broken off at #3 cylinder location - connecting rod broke off from #3 piston at attach point at bottom of piston - no prop damage. Review of maintenance records still in progress. Engine approx smoh: 836.20.
As the FAA filed it
(-23) ON 17 JUNE 05, AT APPROXIMATELY 1500HRS AND 35 NAUTICAL MILES NORTH OF KEY WEST INTERNATIONAL AIRPORT AT AN ALTITUDE OF 5,500 FT, AIRCRAFT N734SK ENGINE BEGAN TO RUN ROUGH. AFTER COMMUNICATING WITH MIAMI CENTER DECISION IS MADE TO TURN BACK TO KEY WEST. MINUTES LATER ENGINE BEGINS TO RUN ROUGHER WITH LOSS IN OIL PRESSURE. PILOT COMMUNICATES WITH MIAMI CENTER AND NAVY APPROACH FOR CLOSEST AIRPORT. PILOT REPORTS UNABLE TO MAKE AIRPORT AND DECISION IS MADE TO LAND AIRCRAFT IN OCEAN. AIRCRAFT LANDS IN WATER AND PILOT AND STUDENT EVACUATE AIRCRAFT WITHOUT INJURY. FISHING BOAT RESCUE PILOTS. AIRCRAFT N734SK SINKS IN 25 FEET OF WATER. AIRCRAFT IS LATER REMOVED FROM WATER BY SALVAGE COMPANY. ON JUNE 23, 2005 INSPECTED AIRCRAFT AND FOUND THE FOLLOWING: INSPECTED ENGINE AND FOUND #3 CYLINDER DISLODGED FROM MOUNTING STUDS - ENGINE CASING CRACKED OPEN APPROX 8"L X 6"W ACROSS JUST ABOVE #3 CYLINDER AREA WITH CAM AND A CONNECTING ROD FOR #3 PISTON REVEALED - CAM BROKEN OFF AT #3 CYLINDER LOCATION - CONNECTING ROD BROKE OFF FROM #3 PISTON AT ATTACH POINT AT BOTTOM OF PISTON - NO PROP DAMAGE. REVIEW OF MAINTENANCE RECORDS STILL IN PROGRESS. ENGINE APPROX SMOH: 836.20.