Upon running aground on Raven's Cove, El Patron's crew mutinied with Foulberto leading the violent revolt. During the mutiny, Foulberto was able to escape through a small tunnel with a few of his strongest men and a large cache of weapons, mostly throwing knives, in tow.
El Patron was not about to let the leader of this mutiny escape so easily and with such a large stash of Rare and Legendary weapons at that! El Patron swiftly ordered that the tunnel entrance be sealed and personally cursed Foulberto and his mutineers to remain inside forever, trapped in the afterlife.
In an effort to break out of the cave, Foulberto consumed the souls of other crewmembers trapped in the mine but alas the curse placed on him was too strong. The only result of his violent outburst was to knock down a couple walls thus exposing the new cave to outsiders.
- It was designed by El Patron to be the final resting place of his mutineered second-in-command, Foulberto. However, far from such fate, Foulberto has now returned - and gone rampant on the caves...
- The name is probably derived from the Well of Souls, from Raiders of the Lost Ark (1981)