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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Atlantis Resources | LSE:ARL | London | Ordinary Share | SG9999011118 | ORD NPV (DI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 35.75 | 35.00 | 36.50 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
TIDMARL
Atlantis Resources Limited
10 April 2017
Monday 10 April 2017
Atlantis Resources Limited
("Atlantis" or the "Company")
MeyGen Update
Atlantis, a global leader in the tidal power generation sector, announces that the AR1500 turbine is currently being monitored to assess the effects of an unplanned grid outage. The outage was caused by a third party and was unrelated to the turbine itself. This follows a sustained period of autonomous operation of the turbine at full output, and a successful automated shut down procedure on the occurrence of the grid fault.
It is currently expected that the AR1500 will be retrieved at the next opportunity for a full systems inspection before undergoing the contractual performance testing regime. This reflects the approach adopted for the AHH systems, which are currently undergoing upgrades at Nigg Energy Park prior to planned redeployment in May.
Enquiries:
Hot Features
Premium
Atlantis Resources via FTI Consulting
Tim Cornelius, Chief Executive
Officer
Simon Counsell, Chief Financial
Officer
+44 (0)20 3727
FTI Consulting 1000
Ben Brewerton
Alex Beagley
James Styles
This information is provided by RNS
The company news service from the London Stock Exchange
END
NRAUKABRBRASRAR
(END) Dow Jones Newswires
April 10, 2017 02:00 ET (06:00 GMT)
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