According to a report on http://www.newsroompanama.com, a team of U.S. archeologists reportedly has found wreckage which they believe is part of Welsh privateer Admiral Henry Morgan's flagship. The wreckage was found off Portobello and includes approximately 52x22 feet of the starboard side of a 17th century wooden ship hull which they believe to belong to Morgan’s flagship, Satisfaction, according to the report. Morgan lost five ships, including Satisfaction near Lajas Reef in 1671. The archeologists previously found six canons believed to belong to the fleet, and when the group ran short of funds, The Captain Morgan Rum Group named after the pirate, provided further aid for the project.