NXT Energy Solutions Provides Update on Turkish SFD® Survey
03 Janeiro 2024 - 6:01PM
NXT Energy Solutions Inc. ("NXT" or the "Company") (TSX: SFD;
OTCQB: NSFDF) is pleased to announce that its Turkish customer has
requested NXT to add additional line kilometers to the original
SFD® survey. NXT’s aircraft and equipment remain in Turkiye, to
complete the data acquisition phase. Data interpretation and
recommendations will be delivered during the first quarter of 2024.
Bruce G. Wilcox, Interim CEO of NXT, stated, "We
are extremely gratified to have been awarded additional line
kilometers 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 Turkiye, 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 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 our 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 Inc. NXT Energy
Solutions Inc. provides its clients with an effective and reliable
method to reduce time, costs, and risks related to exploration.
Contact Information
For investor and media inquiries please contact:
Eugene Woychyshyn |
Michael Baker |
Vice President of Finance
& CFO |
Investor Relations |
302, 3320 – 17th AVE SW |
302, 3320 – 17th AVE SW |
Calgary, AB, T3E 0B4 |
Calgary, AB, T3E 0B4 |
+1 403 206 0805 |
+1 403 264 7020 |
nxt_info@nxtenergy.com |
nxt_info@nxtenergy.com |
www.nxtenergy.com |
www.nxtenergy.com |
Forward-Looking Statements
Certain information provided in this press
release may constitute forward-looking information within the
meaning of applicable securities laws. Forward-looking information
typically contains statements with words such as "anticipate",
"believe", "estimate", "will", "expect", "plan", "schedule",
"intend", "propose" or similar words suggesting future outcomes or
an outlook. Forward-looking information in this press release
includes, but is not limited to, information regarding: the
expected timing of the acquisition, interpretation and
recommendations of the SFD® surveys and additional business
opportunities in Turkiye. Although the Company believes that the
expectations and assumptions on which the forward-looking
statements are based are reasonable, undue reliance should not be
placed on the forward-looking statements because the Company can
give no assurance that they will prove to be correct. Since
forward-looking statements address future events and conditions, by
their very nature they involve inherent risks and uncertainties.
Actual results could differ materially from those currently
anticipated due to a number of factors and risks. Risk factors
facing the Company are described in its most recent Annual
Information Form for the year ended December 31, 2022 and MD&A
for the three and nine months ended September 30, 2023, which have
been filed electronically by means of the System for Electronic
Document Analysis and Retrieval ("SEDAR") located at
www.sedarplus.com. The forward-looking statements contained in this
press release are made as of the date hereof, and except as may be
required by applicable securities laws, the Company assumes no
obligation to update publicly or revise any forward-looking
statements made herein or otherwise, whether as a result of new
information, future events or otherwise.
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