NXT Announces Geothermal Survey for Alberta Geothermal Resource
Source: www.gulfoilandgas.com 8/21/2024, Location: North America
NXT Energy Solutions Inc. ("NXT") (TSX:SFD)(OTCQB:NSFDF) is pleased to announce it has entered into a geothermal survey agreement with Alberta Geothermal Resource Recovery Inc. (AGRRI). The survey will be flown in Alberta, Canada.
The survey will be conducted at a mutually agreeable time and subject to aircraft availability and the receipt of permits from the government authorities. A standard survey project would normally take 2-3 months from the initiation of data acquisition to the delivery of the Standard Report. This timeline does not include integration which is nominally conducted following delivery of the Standard Report.
Bruce G. Wilcox, CEO of NXT stated "The AGRRI survey is an important milestone in NXT's development of the geothermal application of our SFD® technology; our first survey for a client. The value to NXT will primarily be to demonstrate the commerciality of SFD® in the geothermal domain. Other potential geothermal clients will be keenly interested in the results."