| News Release |
December 16 , 2009 |
| NXT Energy Solutions Inc . |
(TSX.V - SFD) (OTCBB-NSFDF) (Frankfurt-EFW) |
NXT Energy Solutions Inc.: Client Exercises Option for Additional SFD(TM) Survey in Colombia
09:45 EST Wednesday, December 16, 2009
CALGARY, ALBERTA--(Marketwire - Dec. 16, 2009) - NXT Energy Solutions Inc. (TSX VENTURE:SFD) (OTCBB:NSFDF) (FRANKFURT:EFW) ("NXT" or "the Company") reports that the SFD(TM) survey announced on October 26, 2009 was successfully completed and the client has exercised their option to conduct an additional survey. Both surveys are now complete and the final report has been delivered to the client. The combined contract value of these two SFD(TM) surveys, including mobilization, is U.S. $986,000. The client chose to exercise their option upon comparing NXT's recommendations from the initial SFD(TM) survey with their confidential data previously acquired in the survey area.
In addition, in the fourth quarter of 2009 NXT conducted surveys both onshore and offshore in Colombia to showcase SFD(TM) capabilities. These test surveys provide valuable case studies to fast track industry acceptance that we anticipate will lead to revenue growth in Latin America
About NXT Energy Exploration Technologies Inc.
NXT is in the business of providing wide-area airborne exploration services to the oil and gas industry. The Company utilizes its proprietary SFD Survey System to offer its clients a unique service to rapidly identify sub-surface structures with reservoir potential in sedimentary basins with no environmental impact. The value of the service is providing clients with an efficient, cost effective method of surveying large tracts of land and delivering an inventory of SFD prospects with high potential.
Additional information about NXT and the SFD technology is available on the Company's website -www.nxtenergy.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release may include forward-looking statements including opinions, assumptions, estimates and expectations of future prospects for the Company and financial projections. When used in this document, the words "anticipate," "believe," "estimate," "expect," "intend," "may," "project," "plan," "will," "should" and similar expressions are intended to be among the statements that identify 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 important factors could cause actual results to differ materially from those in the forward-looking statements including, but not limited to, the volatility of oil and gas prices, the ability to implement corporate strategies, the state of capital markets, the ability to obtain financing, changes in the oil and gas industry, operating risks, reserve estimates, changes in general economic conditions and other factors more fully described from time to time in the reports and filings made by the Company with securities regulatory authorities.
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