There is good news and bad news. The good news is that we are finally set to return to the world of Master And Commander. It is one of our favorite movies here at the Last Movie Outpost, and one of our top 150 movies of all time as voted for by you, our very own Outposters. Peter Weir’s Master and Commander: The Far Side of the World is a modern classic. It is also a movie that requires, demands, a sequel that never came.

The acclaimed 2003 adaptation of three of the Patrick O’Brian Master And Commander books in a large series was set during the Napoleonic Wars. It told the story of how Capt. Jack Aubrey (Russell Crowe) pursued a fearsome French Man-O-War around the Cape, from coast to coast of South America. The movie co-starred Paul Bettany and it made over $200 million worldwide and scored ten Oscar nominations, including Best Picture.

It is frequently mentioned by movie geeks as also being the single best Star Trek movie of the last 30 years.

The catch? It cost $150 million to make. Every penny was up on the screen. 20th Century Studios are now reportedly developing a new feature based on the property. A Monster Calls writer Patrick Ness is adapting a script according to Deadline.

Here is the bad news. The story will apparently show a young Aubrey, his first command, and will explore how his friendship with his naval surgeon companion Stephen Maturin begins. A prequel. New actors will play Aubrey and Maturin. Oh…

No director or talent is attached at this time, but it is confirmed that the plan is for the new film to adapt the first book in the series – Master And Commander.

That novel is set at the turn of the 19th century and follows the young Jack Aubrey who has just been promoted to the rank of Master and Commander, and Stephen Maturin, a destitute physician, and naturalist whom Aubrey appoints as his naval surgeon. They sail in HM Sloop of War Sophie with first lieutenant James Dillon, a wealthy and aristocratic Irishman.

The naval action in the Mediterranean is closely based on the real-life exploits of Lord Cochrane, including a battle modeled after Cochrane’s spectacular victory in the brig HMS Speedy over the vastly superior Spanish frigate El Gamo. The novel puts the reader into the times in every aspect, from the ways of the Royal Navy on sailing ships to the state of science and medicine and social status.

O’Brian penned twenty books in the series so it always had franchise potential with no shortage of original stories to adapt.

Go behind the scenes of Master And Commander: The Far Side Of The World with Last Movie Outpost here.