Saqat tells you, "Say, I might have 200 nice, shiny Pyreals with your name on them! I'll have you know this key was fashioned by the best lockpi... finest craftsman in Uziz!"
Saqat gives you Iron Key.
Saqat tells you, "Straight southwest from here, you'll find an old dry well. Go down into it, and bring me back some well water. And don't you believe those stories about the lower caves being haunted!"
You give Saqat Flask of Well Water.
Saqat tells you, "Hah! My thanks, gentle friend. Here's that 200p I promised you."
Saqat gives you 200 Pyreals.
Saqat tells you, "Some people believe that since this water comes from an old Empyrean well, it's enchanted. As the Poet said, we're short of everything but foolishness, eh? But if they'll pay, I'll sell."
You've earned 5,000 experience.
Saqat gives you 2 Potions of Healing.