What was found
POWER LOSS (SINGLE ENG) AFTER T/O AT 300 FT ALTITUDE, THE ENGINE POWER ROLLED BACK. THE PILOT USED THE MANUAL OVERRIDE LEVER AND AFTER HEARING "BACK FIRES" HE WAS ABLE TO RE-GAIN ENGINE POWER. HE DECLARED EMERGENCY AND RETURNED TO THE AIRPORT FOR A SAFE LANDING. THE ENGINE IS REPORTED TO HAVE SUFFERED AN OVERTEMP DURING THE EVENT, IT WILL BE REMOVED AND SENT FOR INVESTIGATION.