A Dance with Rogues
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The following contains information on a character, area, item, or quest that is new to the latest version of Part One as of v1.40.

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Spoilers follow.

The pegs are found in a crate in the basement of the Betancuria Castle. They are used along with some Rope and a Light Hammer by the Princess and Simon Lyonson to scale the walls of a large well that leads into the courtyard during the second half of the Bank Raider quest.