http://www.thesmokinggun.com/archive/years/2007/0518072ship1.html
In this September 6, 2006, eleven page document published by thesmokinggun.com, OMR petitions the court to appoint OMR salvor-in-possession of a shipwreck located approximately 40 miles off the western coast of England. A marine arrest is a temporary injunction granting custodial authority while ownership and other rights are sorted out.
The court documents appear to indicate that the shipwreck was located near the English Channel and outside the territorial waters of any nation. The firm added that research led it to conclude that "more vauabe cargo may be located aboard the ship". OMR believed that the shipwreck was a merchant vessel from the 17th century. The location and description of this shipwreck leads many to conclude that this is the Merchant Royal.