The pair of Evinrude 90 horsepower outboard motors were taken sometime between 9pm on Wednesday February 29th and 9 o'clock last night.
The boat was tied up at the Derg Marina in Ballina having been used on a training exercise on the 29th.
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They engines were discovered missing last night – they could cost up to €15,000 each to replace.
Any information on the two stolen engines can be given to Killaloe Garda Station on 061 620 540.