NXT Secures SFD Survey in Argentina

NXT Energy announced the awarding of a US $1.65 million contract with a new client to conduct an SFD® survey in southern Argentina. The survey is intended to allow the client to focus and fast-track their exploration resources on the most prospective areas within a new exploration block.

The client is a large privately owned Argentina business which has diversified interests in construction and energy exploration and production. NXT has commenced project planning, and is scheduled to mobilize and commence flight operations in the fourth quarter of 2011.

"This new project is further validation of the SFD® technology as an early stage exploration tool to focus client efforts in new and remote frontiers," said George Liszicasz, NXT's President and CEO. "Adding this client from an untapped Latin American market further demonstrates our growth strategy to expand SFD® adoption throughout the region."

NXT also notes that at the recent Latin America Next Generation Oil & Gas ("NGO&G") summit in Cancun, Mexico, NXT was awarded the "Summit Thought and Leadership Excellence" award by the attendees for its innovative SFD® survey system.