NXT Energy Solutions Announces SFD(R) Survey Contract in Africa
NXT Energy Solutions has secured a contract to conduct an SFD® survey for an oil and gas exploration company in Africa. The contract was established through NXT's Strategic Alliance Partner, Synergy Exploration and Production Technologies . Data acquisition for this project is slated to begin in Q4 2024, with NXT's interpretations and recommendations expected to be delivered in Q1 2025.
Bruce G. Wilcox, CEO of NXT, expressed enthusiasm about returning to Africa for another SFD® survey and working with a repeat customer. Notably, Synergy Exploration and Production Technologies is affiliated with Ataraxia Capital, which currently holds convertible debentures in NXT Energy Solutions.
NXT Energy Solutions ha ottenuto un contratto per condurre un sondaggio SFD® per una compagnia di esplorazione petrolifera e del gas in Africa. Il contratto è stato stabilito tramite il partner di alleanza strategica di NXT, Synergy Exploration and Production Technologies. L'acquisizione dei dati per questo progetto è prevista per iniziare nel Q4 2024, con le interpretazioni e le raccomandazioni di NXT attese per essere consegnate nel Q1 2025.
Bruce G. Wilcox, CEO di NXT, ha espresso entusiasmo nel tornare in Africa per un altro sondaggio SFD® e nel lavorare con un cliente abituale. È importante notare che Synergy Exploration and Production Technologies è affiliata a Ataraxia Capital, che attualmente detiene obbligazioni convertibili in NXT Energy Solutions.
NXT Energy Solutions ha conseguido un contrato para realizar una encuesta SFD® para una empresa de exploración de petróleo y gas en África. El contrato se estableció a través del socio de alianza estratégica de NXT, Synergy Exploration and Production Technologies. La adquisición de datos para este proyecto está prevista para comenzar en Q4 2024, y se espera que las interpretaciones y recomendaciones de NXT se entreguen en Q1 2025.
Bruce G. Wilcox, CEO de NXT, expresó su entusiasmo por regresar a África para otra encuesta SFD® y trabajar con un cliente recurrente. Cabe destacar que Synergy Exploration and Production Technologies está afiliada a Ataraxia Capital, que actualmente posee bonos convertibles en NXT Energy Solutions.
NXT Energy Solutions는 아프리카의 석유 및 가스 탐사 회사를 위한 SFD® 조사를 수행하는 계약을 체결했습니다. 이 계약은 NXT의 전략적 동맹 파트너인 Synergy Exploration and Production Technologies를 통해 성사되었습니다. 이 프로젝트에 대한 데이터 수집은 2024년 4분기에 시작될 예정이며, NXT의 해석과 권장 사항은 2025년 1분기에 제공될 것으로 예상됩니다.
NXT의 CEO인 Bruce G. Wilcox는 또 다른 SFD® 조사를 위해 아프리카에 돌아가고 반복 고객과 함께 일하게 되어 기쁘다고 밝혔습니다. 특히, Synergy Exploration and Production Technologies는 현재 NXT Energy Solutions의 전환사채를 보유하고 있는 Ataraxia Capital와 제휴되어 있습니다.
NXT Energy Solutions a obtenu un contrat pour réaliser une enquête SFD® pour une entreprise d'exploration pétrolière et gazière en Afrique. Le contrat a été établi par l'intermédiaire du partenaire d'alliance stratégique de NXT, Synergy Exploration and Production Technologies. L'acquisition des données pour ce projet devrait débuter au Q4 2024, avec les interprétations et recommandations de NXT attendues pour être livrées au Q1 2025.
Bruce G. Wilcox, PDG de NXT, a exprimé son enthousiasme à l'idée de retourner en Afrique pour une autre enquête SFD® et de travailler avec un client habituel. Il est à noter que Synergy Exploration and Production Technologies est affiliée à Ataraxia Capital, qui détient actuellement des obligations convertibles dans NXT Energy Solutions.
NXT Energy Solutions hat einen Vertrag zur Durchführung einer SFD®-Umfrage für ein Öl- und Gasexplorationsunternehmen in Afrika gesichert. Der Vertrag wurde über NXT's strategischen Allianzpartner Synergy Exploration and Production Technologies abgeschlossen. Die Datenerhebung für dieses Projekt soll im Q4 2024 beginnen, wobei NXT's Interpretationen und Empfehlungen im Q1 2025 geliefert werden sollen.
Bruce G. Wilcox, CEO von NXT, äußerte seine Begeisterung, nach Afrika für eine weitere SFD®-Umfrage zurückzukehren und mit einem Stammkunden zusammenzuarbeiten. Bemerkenswert ist, dass Synergy Exploration and Production Technologies mit Ataraxia Capital verbunden ist, das derzeit wandelbare Anleihen in NXT Energy Solutions hält.
- None.
- None.
CALGARY, AB / ACCESSWIRE / September 24, 2024 / NXT Energy Solutions Inc. ("NXT" or the "Company") (TSX:SFD)(OTCQB:NSFDF) is pleased to announce that it has entered into a contract with its Strategic Alliance Partner, Synergy Exploration and Production Technologies Limited to provide an SFD® survey for an oil and gas exploration company in Africa. Data acquisition operations for this contract are expected to commence in the fourth quarter of 2024, and NXT's interpretations and recommendations are expected to be delivered during the first quarter of 2025.
Bruce G. Wilcox, CEO of NXT, stated "We are pleased to return to Africa to perform another SFD® survey.The Company looks forward to working together with this repeat customer's exploration team in order to execute the contract."
Synergy Exploration and Production Technologies Limited is an affiliate of Ataraxia Capital who currently holds convertible debentures in NXT Energy Solutions Inc.
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 |
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® survey and new business opportunities in Africa. 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, 2023 and MD&A for the three and six months ended June 30, 2024, which have been filed electronically by means of the System for Electronic Document Analysis and Retrieval ("SEDAR+") located at www.sedarplus.ca. 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.
SOURCE: NXT Energy Solutions, Inc.
View the original press release on accesswire.com
FAQ
What contract did NXT Energy Solutions (NSFDF) recently announce?
When is the SFD® survey data acquisition for NXT Energy Solutions (NSFDF) expected to begin in Africa?
When will NXT Energy Solutions (NSFDF) deliver their interpretations and recommendations for the African survey?
Who is NXT Energy Solutions' (NSFDF) Strategic Alliance Partner for the African contract?
What is the relationship between Ataraxia Capital and NXT Energy Solutions (NSFDF)?
