What happened
The FAA’s narrative, in sentence case. The FAA writes it in capitals and removes private details.
Aircraft took off from Hi-Rock (private) airport. At approximately 200-300 ft. the power slowly decayed until the aircraft could not fly. The pilot selected a field next to his runway and completed most of the turn. The airspeed continued to fall until the aircraft quit flying. The aircraft hit the ground with the left wing down and the left landing gear. The aircraft wound up on its right side and partially upside down. The aircraft could not be inspected very well in this position. The aircraft was moved to the privacy data omitted barn, across from the airport to be inspected on 9/17/12 where the engine can be rotated and inspected more thoroughly.
As the FAA filed it
AIRCRAFT TOOK OFF FROM HI-ROCK (PRIVATE) AIRPORT. AT APPROXIMATELY 200-300 FT. THE POWER SLOWLY DECAYED UNTIL THE AIRCRAFT COULD NOT FLY. THE PILOT SELECTED A FIELD NEXT TO HIS RUNWAY AND COMPLETED MOST OF THE TURN. THE AIRSPEED CONTINUED TO FALL UNTIL THE AIRCRAFT QUIT FLYING. THE AIRCRAFT HIT THE GROUND WITH THE LEFT WING DOWN AND THE LEFT LANDING GEAR. THE AIRCRAFT WOUND UP ON ITS RIGHT SIDE AND PARTIALLY UPSIDE DOWN. THE AIRCRAFT COULD NOT BE INSPECTED VERY WELL IN THIS POSITION. THE AIRCRAFT WAS MOVED TO THE ^PRIVACY DATA OMITTED^ BARN, ACROSS FROM THE AIRPORT TO BE INSPECTED ON 9/17/12 WHERE THE ENGINE CAN BE ROTATED AND INSPECTED MORE THOROUGHLY.