Business
NXT Signs Letter of Intent for SFD® Surveys in Six Blocks and in Two Countries
Jun. 30, 2011 (Canada NewsWire Group) -- CALGARY, June 30, 2011 /CNW/ - NXT Energy Solutions ...
About this update from Nxt Energy Solutions Inc.
[{"type":"text","content":"\n\n\n Jun. 30, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nCALGARY, June 30, 2011 /CNW/ - NXT Energy Solutions Inc ("NXT")\n (TSX-V:SFD; NASDAQ-OTCBB:NSFDF), today announced the signing of a\n Letter of Intent ("LOI") with an existing client to execute six SFD®\n contracts, which includes five surveys in Colombia and one survey in\n Guatemala. NXT has commenced project planning and is scheduled to\n mobilize and complete flight operations in the third quarter of 2011.\n\n\n"This LOI with an existing client further validates our SFD® technology\n as an integral tool for the exploration of hydrocarbons. This client's\n expanded use of SFD® into multiple countries and geological regions\n speaks directly to the growing confidence in our technology," said\n George Liszicasz, NXT President and CEO. "We look to leverage this\n success as we continue to expand our presence in Latin America."\n\n\nThe LOI and work program have an estimated value in excess of USD $4\n million, which is subject to certain conditions and the execution of\n definitive agreements.  The definitive agreements shall follow the form\n and terms of a previous agreement executed by the parties.  The LOI\n does not impose a binding obligation on either party but does document\n the intentions of the parties to proceed expeditiously to the execution\n of the definitive agreements.\n\n\nNXT is a Calgary based company providing airborne detection s...