NXT Secures US $1.65 Million SFD® Survey Contract in Argentina
19 September 2011 - 9:00PM
PR Newswire (Canada)
CALGARY, Sept. 19, 2011 /CNW/ - NXT Energy Solutions Inc. ("NXT")
(NASDAQ-OTCBB: NSFDF), announces the awarding of a US $1.65 million
contract with a new client to conduct an SFD(®) survey in southern
Argentina. The survey is intended to allow the client to
focus and fast-track their exploration resources on the most
prospective areas within a new exploration block. The client is a
large privately owned Argentina business which has diversified
interests in construction and energy exploration and
production. NXT has commenced project planning, and is
scheduled to mobilize and commence flight operations in the fourth
quarter of 2011. "This new project is further validation of the
SFD(®) technology as an early stage exploration tool to focus
client efforts in new and remote frontiers," said George Liszicasz,
NXT's President and CEO. "Adding this client from an
untapped Latin American market further demonstrates our growth
strategy to expand SFD(®) adoption throughout the region." NXT also
notes that at the recent Latin America Next Generation Oil &
Gas ("NGO&G") summit in Cancun, Mexico, NXT was awarded the
"Summit Thought and Leadership Excellence" award by the attendees
for its innovative SFD(®) survey system. NXT is a Calgary based
company whose proprietary airborne Stress Field Detection
("SFD(®)") survey system provides a revolutionary survey method
that can be used both onshore and offshore to remotely identify
potential hydrocarbon traps and reservoirs. NXT provides its
clients an efficient and reliable method to reduce time, costs, and
risks related to exploration surveys. The SFD(®) survey system
enables our clients to more efficiently focus their hydrocarbon
exploration decisions concerning land commitments, data acquisition
expenditures and prospect prioritization onto the 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.
Forward-Looking Statements This news release includes
forward-looking statements. When used in this document, words
such as "intended", "anticipate" and "scheduled", are
forward-looking statements. Forward-looking statements are
subject to a wide range of risks and uncertainties, and although
the Company believes that the expectations represented by such a
forward-looking statement are reasonable; there can be no assurance
that such expectations will be realized. Any number of
factors can cause actual results to differ materially from those in
the forward-looking statements. Neither the TSX Venture Exchange
nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) nor NASDAQ OTCBB
Exchanges accept responsibility for the adequacy or accuracy of
this release. NXT Energy Solutions Inc. CONTACT:
_________________________________________________________________|George
Liszicasz, CEO and |Jeremy Dietz ||President |
||________________________________|________________________________||NXT
Energy Solutions Inc. |The Equicom Group
||________________________________|________________________________||505
- 3rd Street SW, Suite 1400 |300 - 5th Avenue SW, 10th Floor
||________________________________|________________________________||Calgary,
Alberta, Canada T2P 3E6|Calgary, Alberta, Canada T2P
3C4||________________________________|________________________________||Tel:
(403) 264-7020 |Tel: (403) 218-2833
||________________________________|________________________________||Fax:
(403) 264-6442 |jdietz@equicomgroup.com
||________________________________|________________________________||nxt_info@nxtenergy.com
|
||________________________________|________________________________||www.nxtenergy.com
|
||________________________________|________________________________|
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