CALGARY, Alberta, Aug. 13, 2020 (GLOBE NEWSWIRE) — NXT Energy Solutions Inc. (“NXT” or the “Company”) (TSX:SFD; OTC QB:NSFDF) today announced the Company’s financial and operating results for the quarter ended June 30, 2020.  All dollar amounts are in Canadian Dollars unless otherwise stated.  

Q2 Financial and Operating Highlights

Key financial and operational highlights for the second quarter include:

An additional SFD® acquisition system consisting of eight new sensors was built and tested during the quarter which includes four cascade devices. NXT now has four SFD® systems which increases our operational readiness and reliability.

R&D work focused on improving interpretation

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CALGARY, Alberta, Aug. 10, 2020 (GLOBE NEWSWIRE) — NXT Energy Solutions Inc. (“NXT” or the “Company”) (TSX:SFD; OTC QB:NSFDF) announces it will release its second quarter 2020 financial and operating results for the quarter ended June 30, 2020, on Thursday, August 13, 2020 after market close.  A conference call to discuss the second quarter 2020 results will be held on Wednesday, August 19, 2020 at 4:30 p.m. Eastern Time (2:30 p.m. Mountain Time).

Details of the conference call are as follows:

Date: Wednesday August 19, 2020 Time: 4:30 p.m. Eastern Time (2:30 p.m. Mountain Time) Participants call: 1-855-783-0506 Conference ID… Continue Reading

CALGARY, Alberta, May 14, 2020 (GLOBE NEWSWIRE) — NXT Energy Solutions Inc. (“NXT” or the “Company”) (TSX:SFD; OTC QB:NSFDF) today announced the Company’s financial and operating results for the quarter ended March 31, 2020.  All dollar amounts herein are in Canadian Dollars.  

Q1 Financial and Operating Highlights

Key financial and operational highlights for the first quarter include:

The Company has received a total of US$8.4 million payments in cash from PE Energy Limited for the SFD® survey in Nigeria, including US$0.47 million in the first quarter of 2020.  The final payment of approximately $0.5 million USD is expected in the

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CALGARY, Alberta, May 12, 2020 (GLOBE NEWSWIRE) — NXT Energy Solutions Inc. (“NXT” or the “Company”) (TSX:SFD; OTC QB:NSFDF) announces it will release its first quarter 2020 financial and operating results for the quarter ended March 31, 2020, on Thursday, May 14, 2020 after market close.  A conference call to discuss the first quarter 2020 results will be held on Tuesday, May 19, 2020 at 4:30 p.m. Eastern Time (2:30 p.m. Mountain Time).  

Details of the conference call are as follows:

Date: Tuesday May 19, 2020 Time: 4:30 p.m. Eastern Time (2:30 p.m. Mountain Time) Participants call: 1-855-783-0506 Conference ID… Continue Reading

CALGARY, Alberta, April 14, 2020 (GLOBE NEWSWIRE) — NXT Energy Solutions Inc. (“NXT” or the “Company”) (TSX: SFD; OTC QB: NSFDF) today announced the Company’s financial and operating results for the year ended December 31, 2019.  All dollar amounts herein are in Canadian Dollars unless otherwise identified.

Financial and Operating Highlights

Key financial and operational highlights include:

In September 2019, the Company completed its Nigerian SFD® survey for approximately US$8.9 Million with PE Energy Limited (“PE”), a Nigerian oil and gas service company.  PE had a contract with the Nigerian National Petroleum Company (“NNPC”), to provide 5,000-line kilometers of SFD®

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CALGARY, Alberta, April 13, 2020 (GLOBE NEWSWIRE) — NXT Energy Solutions Inc. (“NXT” or the “Company”) (TSX:SFD; OTC QB:NSFDF) has directed Alberta Green Ventures Limited Partnership (“AGV”) to deliver US$250,000 in cash or other immediately available funds to NXT and has revoked its previous direction to deliver common shares in the capital of the Company for cancelation (the “Share Settlement”) as repayment of amounts owing by AGV under the previously announced loan arrangement (the “Loan Arrangement”).  NXT and AGV were unable to reach agreement on a new price of the shares under the Share Settlement within a framework required for … Continue Reading

CALGARY, Alberta, April 06, 2020 (GLOBE NEWSWIRE) — NXT Energy Solutions Inc. (“NXT” or the “Company”) (TSX:SFD; OTC QB:NSFDF) announces that the Company’s Annual Information Form and Annual Financial Statements, including Management’s Discussion and Analysis for the year ended December 31, 2019 (collectively, the “2019 Results”) will now be filed on Monday, April 13, 2020 after market close, and we will hold a conference call to discuss the 2019 Results on Tuesday, April 14, 2020 at 4:30 p.m. Eastern Time (2:30 p.m. Mountain Time). 

The 2019 Results would ordinarily have been filed on or before the March 30, 2020 deadline … Continue Reading

CALGARY, Alberta, March 30, 2020 (GLOBE NEWSWIRE) — NXT Energy Solutions Inc. (“NXT” or the “Company”) (TSX:SFD; OTC QB:NSFDF) announces that the Company’s Annual Information Form and Annual Financial Statements, including Management’s Discussion and Analysis for the year ended December 31, 2019 (collectively, the “2019 Results”) will be filed on Monday, April 6, 2020 after market close and we presently intend to hold a conference call to discuss the 2019 Results on Tuesday, April 7, 2020 at 4:30 p.m. Eastern Time (2:30 p.m. Mountain Time). However, conference services are currently being rationed and the date and time may change.  We … Continue Reading

CALGARY, Alberta, March 26, 2020 (GLOBE NEWSWIRE) — NXT Energy Solutions Inc. (“NXT” or the “Company”) (TSX: SFD; OTC QB: NSFDF) is pleased to announce that it has received an additional $466,000 USD payment from its $8.9 million USD Nigerian SFD® survey, bringing total payments to date to $8.4 million USD.  The contracted holdback amount of approximately $0.5 million USD should be paid to the Company upon the conclusion of negotiations for additional work under the current contract framework.

George Liszicasz, President and CEO of NXT, commented, “The progress payment is further recognition from the Nigerian National Petroleum Corporation that … Continue Reading

CALGARY, Alberta, Dec. 13, 2019 (GLOBE NEWSWIRE) — NXT Energy Solutions Inc. (“NXT” or the “Company”) (TSX:SFD; OTC QB:NSFDF) has issued a direction (the “Direction”) to Alberta Green Ventures Limited Partnership (“AGV”) to deliver for cancellation the number of common shares in the capital of the Company (“Common Shares”) held by AGV that is equivalent to the US$250,000.00 principal amount (the “Principal Amount”) previously loaned by the Company to AGV, the price per Common Share being the volume weighted average trading price of the Common Shares as reported and traded on the Toronto Stock Exchange for the five (5) trading … Continue Reading

CALGARY, Alberta, Dec. 10, 2019 (GLOBE NEWSWIRE) — NXT Energy Solutions Inc. (“NXT” or the “Company”) (TSX:SFD; OTC QB:NSFDF) is pleased to announce that, having received all necessary regulatory approvals, it has acquired an additional 736,630 common shares in the capital of the Company (the “Common Shares”) from Alberta Green Ventures Limited Partnership (“AGV”) at a price of C$0.30 per Common Share (a 36% discount from the C$0.47 closing price of the Common Shares on the Toronto Stock Exchange on December 6, 2019) for gross expenditures of C$220,989. The Company has now completed the previously announced C$1,250,000 targeted issuer bid, … Continue Reading

CALGARY, Alberta, Dec. 04, 2019 (GLOBE NEWSWIRE) — NXT Energy Solutions Inc. (NXT or the Company) (TSX:SFD; OTC QB:NSFDF) is pleased to announce that on December 3, 2019, it purchased 1,200,037 common shares in the capital of the Company (the Common Shares) at a price of C$0.30 per share from Alberta Green Ventures Limited Partnership (AGV) for total gross proceeds of approximately C$360,011.  This brings the total to 3,430,037 Common Shares purchased from AGV to date, representing 5.0% of the Company’s 68,573,558 outstanding Common Shares from before the start of the previously announced Targeted Issuer Bid with AGV.  Completion of … Continue Reading