NXT Energy Solutions Announces Additional SFD® Survey Projects in Bolivia With YPFB
(firmenpresse) - CALGARY, ALBERTA -- (Marketwired) -- 08/19/15 -- NXT Energy Solutions Inc. ("NXT Energy" or the "Company") (TSX VENTURE: SFD) (OTCQB: NSFDF) is pleased to provide an update on the progress of its previously announced SFD® survey project in Bolivia with Yacimientos Petroliferos Fiscales Bolivianos ("YPFB"), the National Oil Company ("NOC") of Bolivia (all amounts noted herein are net of local Bolivia sales taxes owing on the project billings):
In summary, the total for the existing and pending Bolivia survey contracts and the potential future Bolivia data sales is summarized as follows:
George Liszicasz, President and CEO of NXT Energy, noted "we are very pleased with our success in obtaining the initial and follow-on projects for YPFB and its affiliated companies. This is a strong validation of our client's belief in the value of our SFD(r) service in rapidly identifying and high-grading their exploration prospects. We expect the project will be complete in early October and look forward to working with YPFB on new projects in 2016 and beyond. In addition to the Bolivia project we continue pursuing opportunities in Latin America, Asia, Africa and the Middle East. "
NXT Energy also advises that it will be moving to an expanded, customized new office facility in Calgary effective August 25. The new facility is located at suite 302, 3320 17th Avenue SW, Calgary, Alberta, T3E 0B4. All contact phone numbers remain unchanged.
In addition, NXT Energy plans to release its Q2-2015 interim results by August 25, 2015, following which a conference call (details to follow) will be hosted.
NXT Energy is a Calgary based company whose proprietary Stress Field Detection ("SFD(r)") 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(r) 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(r) is environmentally friendly and unaffected by ground security issues or difficult terrain, and is the registered trademark of NXT Energy Solutions Inc. NXT Energy 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 Energy 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 timing of completion of the Bolivia survey project and finalization of contracts for the additional sale of SFD(r ) data collected in Bolivia.
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:
NXT Energy Solutions Inc.
Greg Leavens
V-P Finance & CFO
403-206-0805
NXT Energy Solutions Inc.
Bill Mitoulas
Investor Relations Manager
416-479-9547
Kin Communications
Investor Relations
604-684-6730 / 1-866-684-6730
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Datum: 19.08.2015 - 13:31 Uhr
Sprache: Deutsch
News-ID 414720
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contact information:
Town:
CALGARY, ALBERTA
Kategorie:
Oil & Gas
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