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NXT Energy Solutions Inc
Symbol SFD
Shares Issued 78,157,389
Close 2024-05-21 C$ 0.13
Market Cap C$ 10,160,461
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NXT Energy to provide SFD survey

2024-05-22 11:45 ET - News Release

Mr. Bruce Wilcox reports

NXT ENERGY SOLUTIONS ANNOUNCES SFD SURVEY CONTRACT

NXT Energy Solutions Inc. has entered into a contract to provide an SFD survey to an independent oil and gas exploration company in Southeast Asia. Data acquisition operations for this contract are expected to commence in the third quarter of 2024, and NXT's interpretations and recommendations are expected to be delivered during the fourth quarter of 2024.

Bruce G. Wilcox, CEO of NXT, stated "Southeast Asia has emerged as one of the world's fastest-growing economic regions and is a very active exploration jurisdiction. There is great potential for additional SFD(TM) surveys with this customer and other exploration companies active in this new region for NXT. The Company looks forward to working together with the customer's exploration team in order to execute the contract."

About NXT Energy Solutions Inc.

NXT Energy Solutions Inc. is a Calgary-based technology company whose proprietary airborne SFD(TM) 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(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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