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NXT Energy Solutions Inc
Symbol SFD
Shares Issued 78,389,422
Close 2024-11-05 C$ 0.25
Market Cap C$ 19,597,356
Recent Sedar Documents

NXT Energy hired by AL-Haj to provide SFG survey

2024-11-05 17:22 ET - News Release

Mr. Bruce Wilcox reports

NXT ENERGY SOLUTIONS ANNOUNCES THE AWARD OF AN SFD(R) SURVEY CONTRACT

NXT Energy Solutions Inc. has awarded a contract to provide an SFD survey for AL-Haj Enterprises Private Ltd. (AEPL). Data acquisition operations for this contract are expected to commence in the second quarter of 2025, and NXT's interpretations and recommendations are expected to be delivered during the third quarter of 2025.

Taj Muhammad Afridi, chief executive officer of AL-Haj, stated, "We are excited to be the pioneer in bringing the SFD technology to the Northern Suleiman fold belt which is an emerging petroleum basin."

Bruce G. Wilcox, chief executive officer of NXT, stated "We are pleased to return to South Asia to perform another SFD survey. The company looks forward to working together with AEPL's exploration team in order to execute the contract."

About NXT Energy Solutions Inc.

NXT Energy Solutions 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 its clients to focus its 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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