NXT Energy Solutions Secures New SFD Survey Contract in Africa

NXT Energy Solutions Inc., based in Calgary, has signed a new contract with Synergy Exploration and Production Technologies Limited. This agreement involves conducting an SFD® survey for an oil and gas company in Africa. The survey will utilize NXT's proprietary airborne technology to detect stress anomalies of interest for exploration.

Data acquisition for this project is set to begin in the third quarter of 2025. NXT plans to deliver the survey interpretations and recommendations to their client by the fourth quarter of 2025. This marks a re-engagement in Africa for NXT alongside their partner, Synergy.

Synergy is linked to Ataraxia Capital, a holder of convertible debentures in NXT Energy Solutions. This collaboration underscores NXT's strategic expansion in exploring hydrocarbon opportunities in Africa, while leveraging their technological advantages.