NXT Energy Solutions Advises of Commencement of Bolivia Project and Filing of Q1 2015 Results
(firmenpresse) - CALGARY, ALBERTA -- (Marketwired) -- 06/01/15 -- NXT Energy Solutions Inc. ("NXT Energy" or the "Company") (TSX VENTURE: SFD) (OTCQB: NSFDF) advises that its interim financial and operating results for the three month quarter ended March 31, 2015 ("Q1-2015") have been filed in Canada on SEDAR at , and will be available in the USA on EDGAR at , and on NXT's website at . All selected and referenced financial information noted below should be read in conjunction with the Company's unaudited interim consolidated financial statements and related management's discussion and analysis ("MD&A") for the Q1-2015 period.
A condensed summary from the Q1-2015 interim consolidated financial statements, with comparative figures for the three month period ended March 31, 2014 ("Q1-2014") is given below.
George Liszicasz, President and CEO of NXT, noted "the Q1-2014 period reflected the completion of a survey project in the USA for new client. While we did not have revenue activity in Q1-2015, we are excited that this week we are mobilizing to our new SFD® survey project in Bolivia. This project, which has a contract value exceeding US $13 million, is with another new client, the national oil company of Bolivia, and will be our largest project to date. We have received an initial deposit valued at US $3.1 million (secured by a bank letter of guarantee issued to the client), which will be applied against the initial progress billing to be earned on the project."
Highlights of unaudited Q1 Interim Financial Results
NXT is a Calgary based company whose proprietary Stress Field Detection ("SFD®") survey system utilizes quantum-scale sensors to detect gravity field perturbations in an airborne survey method which can be used both onshore and offshore to remotely identify areas with exploration potential for traps and reservoirs. The SFD® survey system enables our clients to focus their hydrocarbon 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 provides its clients with an effective and reliable method to reduce time, costs, and risks related to exploration.
Forward-Looking Statements
This news release may include forward-looking statements. When used in this document, words such as "intends", "plans", "anticipates", "expects" 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 forward-looking statements 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 statements. Risk factors facing NXT are described in its most recent MD&A for the fiscal year ended December 31, 2014 which has been filed electronically by means of the System for Electronic Document Analysis and Retrieval ("SEDAR") located at . Such forward-looking statements are made as at the date of this news release, and the Company assumes no obligation to update or revise them, either publicly or otherwise, to reflect new events, information or circumstances, except as may be required under applicable securities law.
Specific forward-looking statements include expectations related to the amount and timing of the Bolivia survey project.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the OTC Exchange accept responsibility for the adequacy or accuracy of this release.
Contacts:
Greg Leavens
V-P Finance & CFO
NXT Energy Solutions Inc.
(403) 206-0805
George Liszicasz
President & CEO
NXT Energy Solutions Inc.
(403) 206-0800
Investor Relations
kin communications inc.
(604) 684-6730 / 1-866-684-6730
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 01.06.2015 - 17:07 Uhr
Sprache: Deutsch
News-ID 397270
Anzahl Zeichen: 0
contact information:
Town:
CALGARY, ALBERTA
Kategorie:
Oil & Gas
Diese Pressemitteilung wurde bisher 138 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"NXT Energy Solutions Advises of Commencement of Bolivia Project and Filing of Q1 2015 Results"
steht unter der journalistisch-redaktionellen Verantwortung von
NXT Energy Solutions Inc. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
