Old Friends and Old Friends Pirates of Caribbean 2 Guide
Last update: 11 May 2016
When all enemies in the area are defeated, start chasing the pig - it'll lead you to the center of town where you'll find the executioner and his buddies. The gates will open afterwards. Turn left from the path behind them and take a powder keg along. You'll need it to crack the well cover. Inside is another Map Piece.
Return from whence you came and turn right this time, only to stand face to face with Pequeno. Although you're supposed to fight hand-to-hand with him, it's better to toss bombs and hatchets at him first - they'll wear his health down faster.
When you're out of ammo, a few Heavy Attacks will be sufficient to finish him off. The only moment when Pequeno is a threat is when he jumps onto the roof and starts tossing bombs. However, he doesn't do this often to make too much damage.