NXT Energy Solutions Announces SFD Survey Contract
05 September 2023 - 9:41PM
NXT Energy Solutions Inc. ("NXT" or the "Company") (TSX: SFD;
OTCQB: NSFDF) is pleased to announce that it has executed
a contract to provide an SFD® survey to an independent oil and
gas exploration company in Turkiye, which is strategically located
at the junction of Eastern Europe, Central Asia and the Middle
East. Data acquisition operations for this contract are expected to
commence in October 2023, and NXT’s interpretations and
recommendations are expected to be delivered during the fourth
quarter of 2023.
Bruce G. Wilcox, interim CEO of NXT, stated “I
believe this new contract will play a key role in new business
development in Turkiye and the nearby geography. I would like to
thank the entire NXT team for their efforts in finalizing this
agreement with a new SFD® client, and would also like to thank
NXT’s shareholders for their continued support of the Company.”
About NXT Energy Solutions
Inc.
NXT Energy Solutions Inc. is a Calgary-based
technology company whose proprietary SFD® survey system utilizes
quantum-scale sensors to detect gravity field perturbations in an
airborne survey method which can be used both onshore and offshore
to remotely identify traps and reservoirs with hydrocarbon and
geothermal exploration potential. The SFD® survey system enables
our clients to focus their exploration decisions concerning land
commitments, data acquisition expenditures and prospect
prioritization on areas with the greatest potential. SFD® is
environmentally friendly and unaffected by ground security issues
or difficult terrain and is the registered trademark of NXT Energy
Solutions Inc. NXT Energy Solutions Inc. provides its clients with
an effective and reliable method to reduce time, costs, and risks
related to exploration.
Contact Information
For investor and media inquiries please contact:
Eugene Woychyshyn |
Michael Baker |
Vice President of Finance &
CFO |
Investor Relations |
302, 3320 – 17th AVE SW |
302, 3320 – 17th AVE SW |
Calgary, AB, T3E 0B4 |
Calgary, AB, T3E 0B4 |
+1 403 206 0805 |
+1 403 264 7020 |
nxt_info@nxtenergy.com |
nxt_info@nxtenergy.com |
www.nxtenergy.com |
www.nxtenergy.com |
Forward-Looking Statements
Certain information provided in this press
release may constitute forward-looking information within the
meaning of applicable securities laws. Forward-looking information
typically contains statements with words such as "anticipate",
"believe", "estimate", "will", "expect", "plan", "schedule",
"intend", "propose" or similar words suggesting future outcomes or
an outlook. Forward-looking information in this press release
includes, but is not limited to, information regarding: the
expected timing of the acquisition, interpretation and
recommendations of the SFD® survey and new business opportunities
in Turkiye and nearby geographies. Although the Company believes
that the expectations and assumptions on which the forward-looking
statements are based are reasonable, undue reliance should not be
placed on the forward-looking statements because the Company can
give no assurance that they will prove to be correct. Since
forward-looking statements address future events and conditions, by
their very nature they involve inherent risks and uncertainties.
Actual results could differ materially from those currently
anticipated due to a number of factors and risks. Risk factors
facing the Company are described in its most recent Annual
Information Form for the year ended December 31, 2022 and MD&A
for the three and six months ended June 30, 2023, which have been
filed electronically by means of the System for Electronic Document
Analysis and Retrieval ("SEDAR") located at www.sedarplus.com. The
forward-looking statements contained in this press release are made
as of the date hereof, and except as may be required by applicable
securities laws, the Company assumes no obligation to update
publicly or revise any forward-looking statements made herein or
otherwise, whether as a result of new information, future events or
otherwise.
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