Wednesday, 15 July 2009

NXT Delivers Colombian Airborne Survey On Time and On Budget

NXT Energy Solutions Inc.
TSX-V : SFD / OTCBB : NSFDF / Frankfurt : EFW
Basic Shares - 30.6 Million
Fully Diluted - 42.7 Million


On May 13 of this year, Canadian based Pacific Rubiales (PRE) contracted NXT Energy Solutions to perform an airborne survey in order to identify target areas could hold oil and gas on a 7,000 square kilometre portion of the company’s land claims in Colombia. The full value of the contract for the airborne Stress Field Detection (SFD) exploration survey was $2.3 million USD.

The operational ability of the NXT team was clearly demonstrated when the company was able to mobilize a large contingent from the company to Bogata, clear its equipment and the aircraft through customs and receive all the appropriate military and regulatory approvals in Columbia, in just over one week before its first test flight on May 22.

The full SFD survey and report was completed and delivered to Pacific Rubiales within six weeks of signing the contract. Management stated that if the company were to receive future survey contracts in Colombia, it would be even quicker and more efficient now that it has received all the initial approvals from the military and regulatory bodies.

About the SFD® Survey System

A non-seismic airborne geophysical survey system for the oil & gas exploration industry. Data is accumulated by the aircraft as it flies in a grid pattern over the targeted survey area. SFD sensors mounted within the aircraft respond to variations in subsurface stress, all of which are captured as digitized data. This data is then interpreted to provide important indicators of geological subsurface structures and reservoir potential.

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