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NXT Energy Solutions Inc
Symbol SFD
Shares Issued 77,700,356
Close 2023-09-01 C$ 0.18
Market Cap C$ 13,986,064
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NXT Energy signs contract for SFD survey

2023-09-05 14:50 ET - News Release

Mr. Eugene Woychyshyn reports

NXT ENERGY SOLUTIONS ANNOUNCES SFD SURVEY CONTRACT

NXT Energy Solutions Inc. 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(TM) 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(TM) 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(TM) 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(TM) 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.

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