The movie Fools Gold was released in Cinemas on 8th February 2008.
Fools Gold is a romantic comedy set in the Caribbean starring Matthew McConaughey and Kate Hudson. The two are treasure hunters in the midst of a marriage breakdown over Mathew's characters obsession with striking it rich finding Spanish treasure.
In late 2006, Warner Brothers had been filming at several locations along the Queensland coast and Lady Elliot Island was seen to be perfect for the movie"s underwater sequences due to the amazing water clarity. On Saturday 27th January 2007, five Seair planes landed on Lady Elliot bringing Cast, Crew and tonnes of filming equipment.
Shooting for the film took place at a number of sites around the island and featured a host of vessels as props, filming and living platforms.
A range of vessels were brought to Lady Elliot for the filming. These included the Grey Scout based out of Gladstone and 'The Reele Thing’, a charter fishing vessel from the Gold Coast used as a prop in the movie. The script calls for this vessel to be blown up and sunk, but computer generated images are used for these sequences. The Tasman Venture was brought out from Hervey Bay for use as a live-aboard mother ship for the filming.
Though they spent most of their time in the water surrounding the island, most cast and crew returned to Lady Elliot’s resort at night time. The old Bistro, now called the "Turtle Lounge” was converted into the production office for the week long shoot.
The Cessna 206 seaplane that was crashed in the last scenes was actually bought new by Seair in 1987 and operated by Peter and the team around the Gold Coast and to Lady Elliot Island for 10 years. Its call sign was VH-LMI, a regular in the Capricorn Bunker group until Seair sold it in 1997. It went to the Whitsundays for more reef work until Warner purchased it and used it to be blown up in the movie. It is now completely wrecked.