24th Jul 2015 11:36
LONDON (Alliance News) - Atlantis Resources Ltd Friday said the horizontal directional drilling for Phase 1A of its flagship MeyGen project, meaning that work to install the offshore submarine cable can begin during the summer.
"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," Atlantis said in a statement.
"The horizontal directional drilling work package has been completed on time and with no reported incidents or injuries," the company added.
Shares in Atlantis Resources were flat at 43.50 pence on Friday, shortly after midday in London.
By Samuel Agini; [email protected]; @samuelagini
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