Approaches between England and France, as a military wreck she legally remains the property of the British Government under the laws of marine salvage.[5] The wreck was found "more than 80 km (43 nm) from where anybody would have thought it went down", according to Odyssey Marine Exploration CEO Gregg Stemm,[6] and 100 m (330 ft) deep,[5] meaning that the vessel had not foundered on the Casquets as had been surmised, but lay approximately at latitude 49°42.5' N and longitude 3°33.3' W. The team announced their findings publicly on 2 February and stated that they were negotiating with the British government over the wreckage.[2] On 26 March 2009, the TV show Treasure Quest, which had followed the company's ship Odyssey Explorer exploring several different shipwreck sites, aired two hours of footage of the Odyssey Explorer's initial findings of the ship. The show included footage of the Odyssey Explorer's crew finding a 42 pounder cannon that initially essentially identified the wreck as the Victory. The crew raised a 42 pounder cannon and a 12 pounder cannon. In January 2012 it was reported that the remains of HMS Victory are to be raised from the sea bed. The wreck is to be handed over to the Maritime Heritage Foundation, which is expected to employ Odyssey Marine Exploration to carry out the recovery.[7]