Completion of MeyGen Horizontal Drilling Programme

RNS Number : 0485U

Atlantis Resources Limited

24 July 2015

 



Atlantis Resources Limited

("Atlantis" or the "Company")

Completion of Horizontal Drilling Programme - MeyGen

Atlantis, a global leader in the tidal power sector, is pleased to announce that all of the horizontal directional drilling ("HDD") works for MeyGen Phase 1A have now been completed on time for the cable installation.

Four bore holes were drilled at a distance of 570 meters underground to within 2m of their exit target offshore which is a significant engineering achievement and a milestone for this flagship project.

The installation of the offshore submarine cable can now commence during the summer.

The HDD work package has been completed on time and with no reported incidents or injuries.

Enquiries:

Atlantis Resources	[phone]
Tim Cornelius, Chief Executive Officer
Duncan Black, Chief Financial Officer
Peel Hunt LLP (Nominated Adviser and Broker)	[phone]
Daniel Harris Jock Maxwell Macdonald Euan Brown
FTI Consulting	[phone]
Ben Brewerton Alex Beagley Stephanie Blott James Styles

 

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