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NXT Energy Solutions Inc
Symbol SFD
Shares Issued 78,025,237
Close 2024-01-02 C$ 0.185
Market Cap C$ 14,434,669
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NXT Energy adds line kilometres to Turkish SFD survey

2024-01-03 16:09 ET - News Release

Mr. Bruce Wilcox reports

NXT ENERGY SOLUTIONS PROVIDES UPDATE ON TURKISH SFD(TM) SURVEY

NXT Energy Solutions Inc.'s Turkish customer has requested NXT to add additional line kilometres to the original SFD survey. NXT's aircraft and equipment remain in Turkey, to complete the data acquisition phase. Data interpretation and recommendations will be delivered during the first quarter of 2024.

Bruce G. Wilcox, interim chief executive officer of NXT, stated: "We are extremely gratified to have been awarded additional line kilometres by our customer. NXT is now poised to continue its pursuit of new and additional revenue opportunities to enhance shareholder value. I would like to thank the entire NXT team for their efforts so far in Turkey, and would also like to thank NXT's shareholders for their continued support of the company."

About NXT Energy Solutions Inc.

NXT Energy Solutions is a Calgary-based technology company whose proprietary airborne SFD survey system, applied in numerous basins around the world, uses the principles of quantum mechanics to infer stress anomalies of exploration interest. The method can be used both onshore and offshore to remotely identify areas conducive to fluid entrapment in order to recommend areas with commercial hydrocarbon and/or geothermal potential. The SFD survey system enables its 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. NXT Energy Solutions provides its clients with an effective and reliable method to reduce time, costs and risks related to exploration.

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