NXT Announces a $150,000 Pilot Survey Contract, April Oil & Gas Conferences Attended by Management and Investor's Conference Cal
04 Abril 2011 - 4:01PM
Marketwired
NXT Energy Solutions Inc. (TSX VENTURE: SFD)(OTCBB:
NSFDF)(FRANKFURT: EFW) ("NXT" or "the Company") is pleased to
announce:
1. The signing of a US $150,000 contract to conduct a pilot SFD® survey
in Montana for a Calgary based exploration & production client. The
purpose of the pilot survey is to utilize SFD® to provide indicators
of trap and reservoir potential in a complex geological environment. The
proposed survey area contains both large and small targets located at
various depths and the client intends to use the survey results to focus
future seismic acquisitions. This survey shall commence in the second
quarter of this year subject to obtaining required flight permits.
2. In April 2011 the following Oil & Gas conferences shall be attended by
NXT's management:
-- The Next Generation Oil & Gas Summit to be held on April 5th - 7th in
South Africa;
-- The Colombia Oil & Gas Exhibition being held April 5th - 6th in
Cartagena, Colombia; and
-- The AAPG conference to be held April 10th - 12th in Houston, Texas.
3. An investor's conference call will be held at 2:30 MDT (4:30 EDT) on
April 14, 2011 where management will provide an operational update on
matters of interest to investors including a progress report on our
existing survey contracts, current sales initiatives and a general
update on other initiatives planned by management and its advisory board
throughout the balance of 2011.
NXT's management invites all interested parties to participate
in this investor's conference call. To participate in the call
please phone one of the two numbers below and then enter the
conference code followed by the "#" key:
In North America +1-866-468-0803
International Locations +1-647-427-7545
Conference Code: 8045965086
NXT is a Calgary based company providing airborne detection
solutions to support hydrocarbon exploration enabling our clients
to focus their exploration decisions concerning land commitments,
data acquisition expenditures and prospect prioritization onto the
areas with the greatest potential. NXT's proprietary airborne
Stress Field Detection ("SFD®") survey system provides a unique
survey method that remotely identifies potential traps and
reservoirs. SFD® is environmentally friendly and unaffected by
ground security issues or difficult terrain and is effective both
onshore and offshore. NXT provides its clients an efficient and
reliable method to conduct frontier surveys to support exploration.
SFD® is the registered trademark of NXT Energy Solutions Inc.
Forward-Looking Statement
This news release includes forward-looking statements. When used
in this document, words such as "plan", "see", "anticipate" and
"scheduled", are forward-looking statements. Forward-looking
statements are subject to a wide range of risks and uncertainties,
including but not limited to the use of the proceeds associated
with the Private Placement. Any number of factors can cause actual
results to differ materially from those in forward-looking
statements. Although the Company believes that its expectations
represented by the forward-looking statements are reasonable there
can be no assurance that such expectations will be realized.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) nor NASDAQ OTCBB Exchanges accept responsibility
for the adequacy or accuracy of this release.
Contacts: NXT Energy Solutions Inc. Ken Rogers VP Finance and
CFO (403) 264-7020 (403) 264-6442 (FAX) NXT Energy Solutions Inc.
Suite 1400, 505 3rd Street, S.W., Calgary, Alberta, Canada T2P 3E6
nxt_info@nxtenergy.com www.nxtenergy.com
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