NXT Energy Solutions Announces Mobilization of Turkish SFD® Survey
28 November 2023 - 12:33AM
NXT Energy Solutions Inc. ("NXT" or the "Company") (TSX: SFD;
OTCQB: NSFDF) today announced the mobilization of its aircraft and
equipment to begin the contracted SFD® survey in Turkiye that was
announced on September 5, 2023. The contract is an important
milestone for NXT in a new SFD® survey area, in a region generating
considerable international exploration attention, and with the
potential for additional clients that will leverage the ability of
NXT’s SFD® technology to rapidly and inexpensively identify
potential oil and gas reservoirs. International exploration
activity is on the increase in new potential areas, as world
petroleum consumption continues to soar with population growth in
developing economies despite international efforts at
decarbonization. The SFD® technology represents an environmentally
friendly approach to meeting the challenge.
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: timing of
the delivery of interpretation and recommendations of the Turkish
SFD® survey, business development in the Turkish region, and
continued increase in consumption of world petroleum. 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.
Additional 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 nine month periods ended
September 30, 2023, which have been filed electronically by means
of the System for Electronic Document Analysis and Retrieval
(“SEDAR”) located at www.sedarplus.ca. 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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