As reported to the FAA. Reports are unverified, and codes are left as the FAA publishes them.
What was found
(ECPS) DURING THIRD TOUCH AND GO CLIMB OUT AT APPROXIMATELY 400 FT. A LOUD BANG WAS HEARD AND A SMOKE / BURNT OIL SMELL APPEARED. ONLY PARTIAL ENGINE POWER WAS AVAILABLE BUT WAS ENOUGH TO TURN AROUND AND LAND ON THE SAME RUNWAY, WITHOUT INCIDENT. ENGINE WAS SHUT DOWN AFTER CLEARING THE RUNWAY AND AIRCRAFT TOWED TO THE RAMP.