CALGARY, Sept. 19, 2011 /CNW/ - NXT Energy Solutions Inc. ("NXT") (TSXV:
SFD) (NASDAQ-OTCBB: NSFDF), announces the awarding of a US $1.65
million contract with a new client to conduct an SFD® survey in southern Argentina. The survey is intended to allow the
client to focus and fast-track their exploration resources on the most
prospective areas within a new exploration block.
The client is a large privately owned Argentina business which has
diversified interests in construction and energy exploration and
production. NXT has commenced project planning, and is scheduled to
mobilize and commence flight operations in the fourth quarter of 2011.
"This new project is further validation of the SFD® technology as an early stage exploration tool to focus client efforts
in new and remote frontiers," said George Liszicasz, NXT's President
and CEO. "Adding this client from an untapped Latin American market
further demonstrates our growth strategy to expand SFD® adoption throughout the region."
NXT also notes that at the recent Latin America Next Generation Oil &
Gas ("NGO&G") summit in Cancun, Mexico, NXT was awarded the "Summit
Thought and Leadership Excellence" award by the attendees for its
innovative SFD® survey system.
NXT is a Calgary based company whose proprietary airborne Stress Field
Detection ("SFD®") survey system provides a revolutionary survey method that can be used
both onshore and offshore to remotely identify potential hydrocarbon
traps and reservoirs. NXT provides its clients an efficient and
reliable method to reduce time, costs, and risks related to exploration
surveys. The SFD® survey system enables our clients to more efficiently focus their
hydrocarbon exploration decisions concerning land commitments, data
acquisition expenditures and prospect prioritization onto the 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
This news release includes forward-looking statements. When used in
this document, words such as "intended", "anticipate" and "scheduled",
are forward-looking statements. Forward-looking statements are subject
to a wide range of risks and uncertainties, and although the Company
believes that the expectations represented by such a forward-looking
statement are reasonable; there can be no assurance that such
expectations will be realized. Any number of factors can cause actual
results to differ materially from those in the forward-looking
Neither the 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.
SOURCE NXT Energy Solutions Inc.
For further information:
| George Liszicasz, CEO and President || Jeremy Dietz |
| NXT Energy Solutions Inc. || The Equicom Group |
| 505 - 3rd Street SW, Suite 1400 || 300 - 5th Avenue SW, 10th Floor |
| Calgary, Alberta, Canada T2P 3E6 || Calgary, Alberta, Canada T2P 3C4 |
| Tel: (403) 264-7020 || Tel: (403) 218-2833 |
| Fax: (403) 264-6442 || email@example.com |
| firstname.lastname@example.org || |
| www.nxtenergy.com || |