When I heard it I thought it a late April Fools as well, but no it's true. A sequel is in the works to 1991's "Point Break" for RGM Entertainment and Essential Entertainment according to The Hollywood Reporter.

Kathryn Bigelow's original flick remains one of the more re-watchable action films of the early 90's with Keanu Reeves playing FBI agent Johnny Utah who goes undercover investigating the Ex-Presients - Californian bank robbers who are surfers aiming to ride the ultimate high. The film famously ends with the leader Bodhi (Patrick Swayze) riding a gigantic wave off the South Australian coast during a 50-year tide and seemingly dying.

According to The IESB, the sequel picks up two decades later where Billy Dalton, military special ops and star surfer, is disqualified from the pro-surfing tour, he takes off for the coast of Bali looking for the perfect wave. While there he's recruited by a private security force who are trying to find a gang known as The Bush Administration, surfing outlaws and modern day pirates who work like "The Ex-Presidents," a bank robbing crew from Malibu twenty years ago.

Jan de Bont ("Speed," Twister") is set to direct and W. Peter Iliff, who wrote the original film, has also penned the sequel which is entitled "Point Break: Indo" presently. Shooting will take place in Singapore and Southeast Asia.