Pengail says that he meant to trade with the goblins, meeting his obligations to Thomas Thistlewool in Bree-town. The goblins double-crossed him and took him captive and now plan on trading him to the Orcs encamped in the Midgewater Pass.
r you helped him escape and find his father’s sword, Pengail told you that Anlaf the Forlorn has the valuables that he left in his room. He told you to let Anlaf know that he is free and that he offered you a reward from his belongings. (read less)