(A hasty recollection of the encounter cobbled together from rumors overheard at The Seawolf Inn)

The goblins of the Dust Mines claim ownership of the sunken ship, and threaten to lay siege to the town of Blighthouse, while its derelict crew metamorphosize into amphibious frogmen, hellbent on retrieving the lost magical treasures from the deep. Posed with saving the town or saving the treasure, our Heroes decide to delve into the murky waters and take the treasure for themselves! With the help of a frogman-defactor, they manage to traverse the drowned ruins of the sunken ship, and return with many magical artifacts, and many glittering gold coins. But what will become of the town of Blighthouse when a horde of goblins come knocking at the gates??