NXT Energy Solutions Announces The Award Of An SFD(R) Survey Contract
NXT Energy Solutions has secured a contract to conduct an SFD® survey for AL-Haj Enterprises Private (AEPL) in the Northern Suleiman Fold Belt region. The data acquisition phase is scheduled to begin in Q2 2025, with interpretations and recommendations expected to be delivered in Q3 2025. AEPL's CEO Taj Muhammad Afridi highlighted their pioneering role in introducing SFD® technology to this emerging petroleum basin, while NXT's CEO Bruce G. Wilcox expressed enthusiasm about returning to South Asia for another survey project.
NXT Energy Solutions ha ottenuto un contratto per condurre un sondaggio SFD® per AL-Haj Enterprises Private (AEPL) nella regione del Northern Suleiman Fold Belt. La fase di acquisizione dei dati è prevista per il secondo trimestre del 2025, con interpretazioni e raccomandazioni attese per il terzo trimestre del 2025. Il CEO di AEPL, Taj Muhammad Afridi, ha sottolineato il loro ruolo pionieristico nell'introdurre la tecnologia SFD® in questo bacino petrolifero emergente, mentre il CEO di NXT, Bruce G. Wilcox, ha espresso entusiasmo per il ritorno in Asia meridionale per un altro progetto di sondaggio.
NXT Energy Solutions ha asegurado un contrato para realizar una encuesta SFD® para AL-Haj Enterprises Private (AEPL) en la región del Northern Suleiman Fold Belt. La fase de adquisición de datos está programada para comenzar en el segundo trimestre de 2025, con interpretaciones y recomendaciones que se esperan entregar en el tercer trimestre de 2025. El CEO de AEPL, Taj Muhammad Afridi, destacó su papel pionero en la introducción de la tecnología SFD® en esta cuenca petrolera emergente, mientras que el CEO de NXT, Bruce G. Wilcox, expresó su entusiasmo por regresar a Asia del Sur para otro proyecto de encuesta.
NXT Energy Solutions는 Northern Suleiman Fold Belt 지역의 AL-Haj Enterprises Private (AEPL)를 위한 SFD® 조사를 수행하는 계약을 체결했습니다. 데이터 수집 단계는 2025년 2분기에 시작될 예정이며, 해석 및 권장 사항은 2025년 3분기에 제공될 것으로 예상됩니다. AEPL의 CEO인 Taj Muhammad Afridi는 이 신흥 석유 분지에 SFD® 기술을 도입하는 데 있어 그들의 선구적인 역할을 강조했으며, NXT의 CEO인 Bruce G. Wilcox는 또 다른 조사 프로젝트를 위해 남아시아로 돌아가게 되어 기쁘다고 밝혔습니다.
NXT Energy Solutions a obtenu un contrat pour réaliser une étude SFD® pour AL-Haj Enterprises Private (AEPL) dans la région du Northern Suleiman Fold Belt. La phase d'acquisition de données est prévue pour commencer au deuxième trimestre 2025, avec des interprétations et recommandations qui devraient être livrées au troisième trimestre 2025. Le PDG d'AEPL, Taj Muhammad Afridi, a souligné leur rôle pionnier dans l'introduction de la technologie SFD® dans ce bassin pétrolier émergent, tandis que le PDG de NXT, Bruce G. Wilcox, a exprimé son enthousiasme à l'idée de revenir en Asie du Sud pour un autre projet d'enquête.
NXT Energy Solutions hat einen Vertrag zur Durchführung einer SFD®-Umfrage für AL-Haj Enterprises Private (AEPL) in der Northern Suleiman Fold Belt Region gesichert. Die Datenerfassungsphase soll im 2. Quartal 2025 beginnen, wobei die Interpretationen und Empfehlungen im 3. Quartal 2025 erwartet werden. Der CEO von AEPL, Taj Muhammad Afridi, hob ihre bahnbrechende Rolle bei der Einführung der SFD®-Technologie in dieses aufstrebende Erdölbecken hervor, während NXT-CEO Bruce G. Wilcox seine Begeisterung über die Rückkehr nach Südasien für ein weiteres Umfrageprojekt zum Ausdruck brachte.
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CALGARY, AB / ACCESSWIRE / November 5, 2024 / NXT Energy Solutions Inc. ("NXT" or the "Company") (TSX:SFD)(OTCQB:NSFDF) is pleased to announce the award of a contract to provide an SFD® survey for AL-Haj Enterprises Private Limited ("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, CEO of AEPL, 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, CEO 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 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:
Michael Baker
Investor Relations
302, 3320 - 17th AVE SW
Calgary, AB, T3E 0B4
+1 403 264 7020
nxt_info@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® survey and new business opportunities with AEPL. 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.
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FAQ
When will NXT Energy Solutions (NSFDF) begin the SFD® survey for AL-Haj Enterprises?
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