Open Water tells the true tale of an American married couple who while scuba-diving on the Great Barrier Reef are accidentally left behind by the dive boat. As the pair drift further away from the dive zone, they soon realize that the only ones coming for them are the maneaters below. The 2003 film is dreadful, terrifying, and arguably the best shark movie since Jaws.

2006’s Open Water 2: Adrift not so much.

Lionsgate is now ready to revive the franchise more than 10 years later with Open Water 3: Cage Dive, a Grindstone Entertainment shark thriller about a group of American tourists trapped at sea with great whites after tragedy sinks their boat while cage diving to shoot video for an Australian reality show.

Open Water 3: Cage Dive looks fun and promising. It’s co-written and directed by Gerald Rascionato and stars Aussie babe Megan Peta Hill as the bikini-clad person we will root for to survive. Look for it in selected theaters and VOD Aug. 11.

Peep it: