At this time, the Company is preparing to present its findings to the Ministry and S.P.C. to complete the formal evaluation process.
The Company is pleased to report that during the survey operations NXT received exemplary cooperation from all government departments and agencies in Syria. NXT's Piaggio Avanti 180 was the first civilian aircraft granted permission to fly outside of controlled airspace in Syria.
President and CEO of NXT, Mr. Liszicasz, stated: "I would like to thank the Syrian Ministry of Petroleum and Mineral Resources, S.P.C., Syrian Military, ASCO Oil Company and United Aviation Services for their indispensable assistance. This was a great opportunity to demonstrate the capabilities of our SFD technology in the Middle East. We are pleased with the quality of the data. It compares favorably with survey data acquired in the North American geological settings. The next step in the project is the formal presentation of the SFD survey results to the Ministry and SPC for evaluation. Following the formal presentation, SPC will undertake the comparison between the 5,800 km SFD survey data and their proprietary geological data. The results of the SFD evaluation will be announced in accordance with our agreement".
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