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Right you are Zboricua!
52 week high and highest volume since February!
After today's nearly 25% jump, we should get some attention from the iHub community, or not.
So little followers for such a dynamic company
Big news out yesterday -
Completion of SFD® Integration Study conducted by PEMEX•
Strong correlations with existing geological and geophysical data Joint technical paper to be presented in Cartagena July 24, 2013
CALGARY, ALBERTA, July 2, 2013 - NXT Energy Solutions Inc. (“NXT” or the “Company”) (TSX-V:SFD; OTC:NSFDF) announces that Petroleos Mexicanos (“PEMEX”), the National Oil Company of Mexico, has recently completed a comprehensive analysis (the “Integration Study”) on NXT’s 2012 Stress Field Detection (“SFD®”) survey. The positive results of the Integration Study will be incorporated in a joint technical paper which is being co-authored by PEMEX and NXT. This technical paper is scheduled to be presented at the Next Generation Oil & Gas (“NGO”) Latin America Summit 5 to be held July 23 to 25, 2013 in Cartagena, Colombia.
In Q4-2012, NXT completed a US $5.8 million Stress Field Detection (“SFD®”) pilot survey project for PEMEX with the objective of evaluating SFD data in both onshore and offshore areas of the Gulf of Mexico. PEMEX has recently completed a comprehensive internal evaluation of the NXT SFD® survey results, and involved a comparison with PEMEX’s proprietary engineering, geological and geophysical data, including seismic, and controlled source electromagnetic data. These results were compiled into an Integration Study, which showed strong correlations of SFD data with existing geological and geophysical data of PEMEX.
George Liszicasz, NXT’s President & CEO noted “we are pleased that PEMEX has completed this comprehensive Integration Study. The joint technical paper will aid in demonstrating to our existing and prospective clients how SFD® surveys can be used to complement other geophysical methods and enhance early stage exploration activity. Exploration involves a high degree of risk, in part due to the lack of information. NXT aims to provide our clients with innovative new risk-mitigating data on a rapid and cost-effective basis. The NGO event will be an excellent opportunity for us to continue showcasing our technology and its applications in offshore and onshore geological environments to a wider industry audience.” Liszicasz added “presently, the Company is engaged in a number of regions to secure significant new contract opportunities.”
NXT is a Calgary based company whose proprietary airborne SFD® survey system provides a survey method that can be used both onshore and offshore to remotely identify areas with exploration potential for traps and reservoirs. The SFD® survey system enables our clients to focus their hydrocarbon exploration decisions concerning land commitments, data acquisition expenditures and prospect prioritization on areas with the greatest potential. SFD® is environmentally friendly and unaffected by ground security issues or difficult terrain, and is the registered trademark of NXT. NXT provides its clients with an effective and reliable method to reduce time, costs, and risks related to exploration.
NXT Energy Solutions Inc. ("NXT" or the "Company") (TSX VENTURE: SFD) (OTCBB: NSFDF), announces its financial and operating results for the three month period ended March 31, 2013 ("Q1-13"). All selected and referenced financial information should be read in conjunction with the interim consolidated financial statements and management discussion and analysis ("MD&A") which will be filed in Canada on SEDAR at www.sedar.com, in the USA on EDGAR at www.sec.gov/edgar and on NXT's website at www.nxtenergy.com.
Sounds good to me. IMO may get higher than $2
$2.00 within a year or less would be fine with me!
I listened to the May 1st cc playback today. George expects a white paper to be released in June. My understanding is that Pemex had NXT survey an area of land that already had seismic performed on it. The results will be included in the white paper. George believes that this white paper will go a long way in convincing the doubters that NXT's technology works.
The cc was very good as was the Q&A segment.
It's a matter of time. IMO I can see this hit $2+ within a year or less
Really under the radar here. I am board follower #5, LOL.
Stockhouse (V.SFD) only gets 1 post a month as well.
I'm thinking this will move up big over time.
I found NSFDF by accident... Amazing balance sheet. I have a feeling that this will be promo'd in the near future
Mackie Research Updates Coverage on NXT Energy Solutions (TSXV:SFD) - Video Posted on InvestmentPitch.com
Financial Report Ending June 2012
http://www.nxtenergy.com/_downloads/statements_2012/Q2%202012%20NXT%20Report%20to%20shareholders%20(MD&A%20and%20Financials).pdf
SFD® represents a new generation of airborne geophysical surveys that can identify areas of reservoir potential within the sedimentary column, so you can focus your seismic programs and G&G resources on realizing it.
SFD provides proven business solutions to wide-area exploration
Frontier exploration areas can offer the largest rewards but obstacles surrounding the acquisition of 2D regional seismic can stand in the way of making the best decisions in a reasonable timeframe. Even if you overcome the obstacles, a 2D seismic program is a costly solution. Acquiring conventional gravity and magnetic data provide a preliminary investigation of basement structures and sediment thickness but does not deliver information about reservoir. Optimal placement of seismic can mean the difference between relinquishing a block and drilling a discovery well.
NXT to Present at the EnerCom Oil & Services Conference 11
http://finance.yahoo.com/news/nxt-present-enercom-oil-services-140100645.html
Pemex Embraces New Technology to Increase Output - NXT Energy's SFD technology is the focus
Excerpt from the news release:
"Current annual global geophysical exploration spending is around $12 billion. NXT’s partnership with Pemex is an important milestone for the company. If the relationship goes well, expect NXT to be signing new contracts with international oil and gas companies looking to gain a technological advantage." - YahooFinance
Source: http://yhoo.it/TMKfFHhttp://
A well written MicroCapClub blog post by Ian Cassel where he talks about their SFD technology, some company background, pemex, and his outlook on NXT's future.
"NXT Energy Solutions: A Breakthrough In Early Stage Oil Exploration" - bit.ly/TMEg3F
NXT Announces Update On Status of US $5.8 Million Survey Contract for Petroleos Mexicanos ("PEMEX")
Highlights
- First US $2.9 million progress payment received from PEMEX
- Additional US $2.9 million payments anticipated by year end
- NXT well capitalized to execute its growth strategy
Source: http://yhoo.it/VO1ys4
CALGARY, ALBERTA--(Marketwire - Nov 5, 2012) - NXT Energy Solutions Inc. ("NXT" or the "Company") (TSX VENTURE:SFD)(NSFDF) announces an update on the status of its US $5.8 million SFD® aerial survey contract with Petroleos Mexicanos ("PEMEX"), the National Oil Company of Mexico, and the 4th largest exploration & production company in the world.
The project had an initial value of US $4.73 million, which was expanded to a total of US $ 5.8 million shortly after completion of the initial SFD® data acquisition operations. NXT has collected, as scheduled, its first US $2.87 million, which was due under the initial project scope of US $4.73 million. A second contract progress billing of US $1 million will be issued shortly, with payment due 30 days thereafter.
Data interpretation operations for the expanded project are well underway and NXT has delivered preliminary findings to PEMEX. NXT''s final recommendations report is scheduled to occur in November, 2012, following which the final contract billing of US $1.9 million will be issued under the US $5.8 million project.
"We are pleased with how smoothly the project is progressing and are looking forward to presenting the final results to PEMEX when they visit our data interpretation center in the coming weeks", noted George Liszicasz, NXT''s President and CEO. "With $4 million cash, no debt, and additional PEMEX contract billings of US $2.9 million expected to be received by year-end, we are well positioned to continue to expand our client base and execute our growth strategy."
NXT also advises that it will be holding its Annual and Special General Meeting for the fiscal year ended December 31, 2011 on Tuesday November 27, 2012 at 3 pm at the Petroleum Club in Calgary.
In addition, NXT has been invited to present at the International Oil & Gas Conference being hosted by Mackie Research Capital Corporation in Toronto on November 7, 2012. Andy Steedman, V-P of Operations, will be presenting and meeting with institutional investors at the conference.
NXT Energy Video Presentation
Jim Jones of NXT Energy Solutions gave a presentation at the 2012 Subscriber Investment Summit in Vancouver.
Click Here To Watch The NXT Energy Solutions Video Presentation
Great blog post written about NXT Energy and the oil and gas exploration industry. Article was written by Balraj Rakhra.
Source: http://bit.ly/T3avv6
NXT Energy Solutions on the forefront of Energy Technology
The oil and gas industry is about to set a new records, with oil prices already toeing 100 dollars a barrel; even in a stagnant bear market.
This year total investment in expanding and maintaining oil and gas exploration and production (E&P) will rise to another new all time high, If any of you watched the Obama Vs Romney debate a couple of days ago you will know how important of a topic exploration is in this election.
Researchers at Barclays estimate the total global E&P spending by oil companies to hit $614 billion in 2012. That’s a sharp increase from $556 billion in 2011. It’s even higher than 2008 when oil hit $147 a barrel.
This sector of the oil industry is growing strong and will continue to do so. After all, it’s growing steadily despite volatile oil prices, vast improvements in technology that are driving down costs and increase returns on investment, and it’s all happening throughout a period of global economic malaise and upheaval.
For investors, where there’s growth, there’s opportunity. This time is no different. And one tiny company has an opportunity to dominate an important segment of the growing global oil E&P technology market.
Earth only has so much oil, it is getting harder and harder to find, and we will most definitely need technology companies such as SFD to help us find the oil we have. All of the easy oil has been proven and pulled out of the ground.
Winning in Oil Investments
NXT Energy Solutions (SFD:TSXv, NSFDF:OTCBB) is a oil exploration technology company which is going to change how oil companies explore for oil, slashing its customers oil exploration costs, and helping some of the world’s fastest growing oil companies find oil cheaper and faster than ever before.
NXT Energy’s technology is the perfect solution to one of the energy industry’s biggest problems.
Right now the costs of finding a barrel of oil are at record highs and rising. A U.S. Energy Information Administration (EIA) study found the cost of finding and lifting a barrel of oil out of the ground is about $30. That’s an average of all oil regions around the world. It includes an estimated $7 per barrel in Saudi Arabia to $90 in the tar sands here in Canada.
NXT’s technology will reduce that cost significantly. And since the finding and lifting costs account for as much as half the market price of oil, any sizeable reduction in that cost will significantly increase an oil company’s bottom line.
The best part about NXT’s technology is it not a science experiment IT ACTUALLY WORKS!
It’s already in the field being used by multi-billion dollar private oil companies and even one of the world’s top national oil companies.
I am always on lookout for technology companies that are working to create real value and I think that SFD is a company that is in the forefront of oil exploration technology. This technology matures proven and profitable.
The 15 year Pay day.
President and Chief Executive Officer George Liszicasz, a Hungarian-born engineer who now lives in Canada, discovered a unique phenomenon in geology about 10 years ago.
The phenomenon he discovered relates to “the detection of subsurface stress changes in rocks.”
The Stress Field Detector (SFD) is NXT Energy’s wholly-owned technology which tracks, identifies, stores data about, and then analyzes the subsurface stress changes.
The SFD system has many benefits over traditional subsurface analysis tools. For example, by discovering and analyzing the subsurface stress changes, oil and gas companies can greatly increase the accuracy of early-stage oil exploration techniques, increase the size of the area they can search, refine targets for future drilling, and do it all at significantly less cost than they could with traditional technologies.
The technology is based on a complex series of sensors, which are placed in a small plane and flown over the selected area.
The sensors detect subterranean geological anomalies and the changes sub-surface changes in stress. For a more detailed explanation of how SFD works check out the website http://www.nxtenergy.com/
This difference is the competitive advantage for SFD.
Since SFD is airborne, it has many advantages over older subsurface geological analysis technologies. The biggest is size and speed. SFD can cover areas of land 100 times larger, cover them faster than traditional 2D and 3D seismic, and do it all without a dozens of personnel on the ground to move bulky equipment around.
And since SFD technology significantly reduces the time and costs of collecting seismic geological data, it really does have the potential to save the oil industry billions of dollars a year.
Finally, SFD is an innovation in an industry that’s still in high demand.
At the Right PLACE at the Right time
The seismic data collection industry has been one of the biggest winners of the current oil bull market.
CGG Veritas (NYSE:CGV) is one of the leaders in the seismic data collection industry. It sends out thousands of its employees across the world to help its oil company customers locate potential onshore and offshore oil reserves. It has a $4.5B market cap.
With oil prices back near triple-digits, CGG Veritas services are in high demand. Last year the company booked more than $2.9 billion revenue from its seismic services. It’s on pace to book more than $3.5 billion in sales this year. Analysts estimate the company will surpass $4 billion in revenues in 2013.
And CGG Veritas is just one company in the seismic information subsector of the oil industry. There are plenty of other smaller competitors who focus purely on seismic data collection and the large oil service companies like Schlumberger (NYSE:SLB) have entire corporate divisions devoted to seismic data analysis and collection.
There is a HUGE demand for the data which will help oil companies find more oil is in high demand and getting higher.
That’s where the value of SFD technology comes in. In all of the deployments of SFD technology, the net benefits to users of its technology were astounding.
Better than the rest
The real value of SFD technology is simple. It delivers significantly more data to its customers at much less cost.
Take an example of a $3.5 million seismic data collection effort using SFD technology and tradition 2D seismic technology.
The difference in area covered is striking:
(Source: NXT Energy Solutions Investor Presentation)
As the image above shows, the data collected from SFD is more than 20 times great than that of the 2D seismic.
More importantly, this example shows the 2D seismic campaign identified one potential oil reserve on the project. SFD, however, identified four potential oil reserves.
So the area covered is much greater and the potential oil discoveries to be made are much, much higher as well.
There’s another advantage here too. That’s time.
It takes weeks (often a couple of months) to shoot two or three kilometers of transitional 2D seismic.
SFD, however, can be run within a few days time because it is run from the sky and there is no bulky infrastructure and sensors which need to be laid out on the ground and collected afterwards. NXT Energy’s plane containing the SFD technology simply flies over the area.
All of this is why SFD has proven the potential to increase oil discoveries and reducing the cost by as much as 90%.
And most importantly, these are the reasons why some major oil companies are turning to SFD increase their productivity as inexpensively and efficiently as possible.
Big Oil and Small Oil Buy SFD Technology
Now, we’ve all seen a lot of new technologies in all sectors.
History is littered with inventors with better mousetraps and their disappointed investors.
Only a small fraction of a new technology will ever succeed. Most will simply fail.
That’s where NXT is already ahead of the game in this case.
NXT has a number of customers which have already used its SFD technology.
Its customer list includes many smaller oil and natural gas companies like Renaissance Energy, Nextstar Energy, Calpine Canada, Infinity Oil & Gas, and more.
But its customers also include some large, multi-billion dollar oil companies.
For example, Pacific Rubiales (TSX:PRE) has been one of the fastest growing oil companies in the world over the past decade. The company has successfully capitalized on tapping Colombia’s massive oil reserves and grown itself into a sizeable oil producer valued at nearly $7 billion.
The thing is, Pacific Rubiales has targeted even more growth in the years ahead. And it’s publicly announced its using SFD technology to reach its goals.
Back in 2009 Pacific Rubiales signed up for an SFD survey over some of its projects in Colombia. The survey had a budget of $2.3 million.
Jump ahead to today and an even bigger oil company has engaged SFD. Mexico’s national oil company,Petrol?os Mexicanos (PEMEX), has engaged NXT to complete a $4.73 million survey.
The survey couldn’t be coming at a more critical time either. PEMEX has faced declining oil production since 2003. The long decline is leading the current president of Mexico to overhaul the company , potentially bring in some private oil company partners, and to get PEMEX’s oil production back on the rise.
SFD technology will go a long way to getting that process started. And do it all at a fraction of the price of more traditional methods.
Simple is the name of the game.
If you’re looking for growth in the current economy, oil is one of the few places where there’s growth and its actually getting stronger, with growth in China, India and South America getting stronger day by day oil prices are bound to go up. I am predicting 200 dollar a barrel oil within the next years and even if it gets to a fraction of that you will see 10 bagger gains in SFD.
The inherent advantages to SFD technology have a strong foundation that will make NXT Energy Solutions into a short-term and long-term winner. Invest in the oil sector without facing poltical risks and dimishing reserves by putting some of your capital into a oil technology company. I am confident that this is going to be a great sector investment.
NXT (SFD.V) Announces US $1.04 Million Expansion of Survey Contract for Petroleos Mexicanos ("PEMEX")
CALGARY, ALBERTA--(Marketwire - Oct. 4, 2012) - NXT Energy Solutions Inc. ("NXT" or the "Company") (TSX VENTURE:SFD) (OTCBB:NSFDF) announces that it has been granted a US $1.04 million expansion of its existing US $4.73 million SFD® aerial survey contract with Petroleos Mexicanos ("PEMEX"), the National Oil Company of Mexico, and the 4th largest exploration & production company in the world.
This brings the value of this current project, which covers large offshore and onshore areas in Mexico, to a combined total of US $5.8 million. SFD® data acquisition operations for this contract expansion are complete. Data interpretation is ongoing with delivery to PEMEX of NXT's final recommendations report, covering the expanded project, scheduled to occur by December, 2012.
"We are pleased that PEMEX has decided to expand this project and are looking forward to an ongoing mutually beneficial relationship with PEMEX for years to come." noted George Liszicasz, NXT's President and CEO.
Unlike other exploration methods, NXT can conduct preliminary data interpretation simultaneously with ongoing data acquisition. This enables clients to very quickly make key decisions regarding the areas identified by SFD® to show high prospectivity and then expand the project by adding new infill flight lines to further delineate these areas. This flexibility to expand and or modify the project virtually "on the go" is a key advantage of the SFD® system versus conventional survey methods.
Compared to traditional seismic surveys, SFD® programs, in general, are dramatically shorter in the permitting and execution phases, giving NXT clients enhanced flexibility. SFD® projects are executed at a fraction of the cost and time of a comparable 2D reconnaissance seismic program, and most importantly, provide our clients essential new information for focusing their exploration.
NXT also advises that it plans to have its operations group depart from Mexico this week and following the completion of scheduled aircraft maintenance, intends to commence a US $2.67 million SFD® survey contract in South Asia.
NXT is a Calgary based company whose proprietary airborne Stress Field Detection ("SFD®") survey system provides a survey method that can be used both onshore and offshore to remotely identify areas with exploration potential for traps and reservoirs. The SFD®survey system enables our clients to focus their hydrocarbon exploration decisions concerning land commitments, data acquisition expenditures and prospect prioritization on areas with the greatest potential. SFD®is environmentally friendly and unaffected by ground security issues or difficult terrain, and is the registered trademark of NXT Energy Solutions Inc. NXT provides its clients with an effective and reliable method to reduce time, costs, and risks related to exploration.
NXT (SFD.V) Finalizes US $4.73 Million PEMEX Contract, Initiates New Survey in Belize, and Expands Geosciences Advisory Board
CALGARY, ALBERTA--(Marketwire - Sept. 20, 2012) - NXT Energy Solutions Inc. ("NXT" or the "Company") (TSX VENTURE:SFD)(OTCBB:NSFDF) announces that it has now completed formal execution of its US $4.73 million SFD® survey contract (as announced on September 12, 2012) with Petroleos Mexicanos ("PEMEX"), the National Oil Company of Mexico, and the 4th largest oil & gas exploration & production company in the world.
SFD® data acquisition operations, covering large offshore and onshore areas in Mexico and have now been completed. Interpretation of the SFD® data is well underway with preliminary findings in process of being presented. NXT's final recommendations report is scheduled to be delivered to PEMEX by December, 2012.
"We are pleased with how the project has progressed so far and look forward to building a long-term relationship with PEMEX" said George Liszicasz, NXT's President and CEO. "This contract with a premier client shows the growing industry acceptance of our patent pending technology and builds upon our growth strategy to expand SFD® adoption beyond our core area in Latin America."
NXT also advises that it has conducted an SFD® survey on a prospect in Belize for a private oil and gas exploration and production company. The survey aims to independently confirm a seismically identified structural trap and evaluate its reservoir potential. The project has a minimum value of US $450,000, with additional success-based contingent consideration in the form of a royalty and bonus. This project is also expected to be completed and delivered in Q4 2012.
NXT announces that Professor Cleveland Jones has joined its Geosciences Advisory Board. Professor Jones is currently with the National Oil & Gas Institute of Brazil, in Rio de Janeiro and is involved primarily with research of innovative new oil & gas exploration technologies and methodologies, and energy policies. He has consulted to international oil and gas companies worldwide, and is a sought after academic commentator on energy policy issues. Professor Jones graduated in Physics and Economics from Cornell University (Ithaca, NY) and obtained a post-graduate degree in Oil and Gas Engineering, as well as a Masters in Geology, from the State University of Rio de Janeiro. Professor Jones is fluent in English, Portuguese and Spanish.
"We are pleased to have Professor Jones join NXT's existing Geosciences Advisory Board, which has a mandate of expanding awareness and acceptance of the SFD technology in the oil & gas industry", noted George Liszicasz. "Professor Jones will be actively working with NXT management in a technical advisory capacity to help us further expand into Brazil's large potential onshore and offshore exploration markets".
Today's news could be the first of many contracts awarded to SFD as its technology gains commercial acceptance. They've been in the dark for a while now as just another 'black box' company that's been swiftly swept to the side with a myriad of other companies. Add to its beginning of commercial acceptance with recent record earnings and it looks like SFD could be going places. Good to see their up after the news today, looking forward to see how they progress.
NXT Secures US $4.73 Million SFD(R) Survey Contract With Petroleos Mexicanos ("PEMEX")
CALGARY, ALBERTA--(Marketwire - Sept. 12, 2012) - NXT Energy Solutions Inc. (TSX VENTURE:SFD)(OTCBB:NSFDF) -
HIGHLIGHTS
• NXT receives initial contract with PEMEX, the National Oil Company of Mexico
• PEMEX project to be completed by Q4, 2012
• NXT is on track for record revenue year
• NXT to commence previously announced South Asia US $2.67 million contract in September
NXT Energy Solutions Inc. ("NXT" or the "Company") is pleased to announce that it has been awarded a contract to conduct a US $4.73 million SFD® survey for Petroleos Mexicanos ("PEMEX"), the National Oil Company of Mexico. PEMEX is the 4th largest Exploration & Production Company in the world, with current production of approximately 2,500,000 barrels per day (boed).
The contract has been formally awarded to NXT, and final documentation is being moved through PEMEX's internal signatory process with most of the signatures received. Therefore, NXT has gone forward with SFD® data acquisition and interpretation operations in Mexico.
PEMEX's award of the contract was based on an extensive period of technical review, commercial review and validation and a test flight of NXT's patent pending technology. The SFD® project covers large offshore and onshore areas. SFD® data acquisition will be completed in September, with delivery of NXT's recommendations in December, 2012.
"We are delighted to have been awarded our first contract and look forward to a long-term relationship with PEMEX" said George Liszicasz, NXT's President and CEO. "Adding this premiere client from an untapped market builds upon our growth strategy to expand SFD® adoption throughout our core area in Latin America. Within a 12 month period we will have conducted survey operations in Colombia, Argentina, Guatemala and now Mexico. We intend to build on this significant new development, and are actively pursuing new client prospects in Brazil, Colombia, Ecuador, Paraguay, Peru and Belize."
NXT intends to mobilize to South Asia to commence flying its previously awarded US $2.67 million survey following completion of the data acquisition phase of the PEMEX project. Both projects are expected to be completed and delivered in Q4 2012, giving NXT a record year in revenue.
As previously announced, NXT will be opening the TSX Exchange by "Ringing the Bell" in Toronto on Friday, September 14, 2012 and is today (September 12) hosting an investor and media conference call at 1:00 PM MST (3:00 PM EST) to discuss our Q2 results, this significant new contract, and other developments.
NXT's management invites all interested parties to participate in this call, by using one of the applicable numbers below:
Conference Code: 776268
Participant access code: 5034838 (followed by the "#" key)
1-877-385-4099 (Toll Free Canada & USA)
613-212-4220 Ottawa
514-395-9913 Montreal
604-899-2339 Vancouver
403-232-0994 Calgary
780-421-1483 Edmonton
416-883-0133 Toronto
NXT is a Calgary based company whose proprietary airborne Stress Field Detection ("SFD®") survey system provides a proprietary survey method that can be used both onshore and offshore to remotely identify potential hydrocarbon traps and reservoirs. The SFD® survey system enables our clients to focus their hydrocarbon exploration decisions concerning land commitments, data acquisition expenditures and prospect prioritization on areas with the greatest potential. SFD® is environmentally friendly and unaffected by ground security issues or difficult terrain, and is the registered trademark of NXT Energy Solutions Inc. NXT provides its clients with an effective and reliable method to reduce time, costs, and risks related to exploration
NXT ( SFD.V ) Announces Profitable Q2 and Record 2012 YTD Financial Results and Investor Update Call
NXT Announces Profitable Q2 and Record 2012 YTD Financial Results and Investor Update Call
Calgary, Alberta CANADA, September 04, 2012 /FSC/ - NXT Energy Solutions Inc.(TSX-V:SFD; OTC:NSFDF),("NXT" or the "Company") is pleased to announce its financial and operating results for the three and six month periods ended June 30, 2012. All selected and referenced financial information should be read in conjunction with NXT's consolidated financial statements and management discussion and analysis ("MD&A") as filed on SEDAR at www.sedar.com, on NXT's website at www.nxtenergy.com and on EDGAR at www.sec.gov/edgar.
For the Q2 three month period ended June 30, 2012, NXT had net earnings of $30,660 ($0.00 per share) on revenues of $2,394,863 and for the six months year-to-date 2012, net earnings of $368,588 ($0.01 per share) on revenues of $5,210,183. Q2 is NXT's second consecutive profitable quarter. Q1 and Q2 combined represent a record 6 month financial result. For the comparable 2011 periods, the Company had a Q2 -2011 net loss of $692,510 ($0.02 per share) on revenues of $144,650, and for the six months year-to-date 2011 a net loss of $1,485,227 ($0.04 per share) on revenues of $144,650. Six month results are illustrated in the chart below:
-***-
----------------------------------------------------------------------
Six months ending Six months ending
June 30, 2012 June 30, 2011
----------------------------------------------------------------------
Survey Revenue $ 5,210,183 $ 144,650
----------------------------------------------------------------------
Net Income (loss) 368,588 (1,485,227)
----------------------------------------------------------------------
Basic and diluted earnings 0.01 (0.04)
(loss) per share
----------------------------------------------------------------------
-****-
"Building on our successful Q1-2012, I am pleased to report additional revenues and profit for the Q2-2012 period, thus extending our return to profitability. Profitability is a primary goal for NXT this year," said George Liszicasz, NXT's President & CEO. "We are on track to post record revenues for fiscal 2012".
NXT's Q2 results reflect the completion of SFD(r) surveys in Argentina and Guatemala, with the 2012 year-to-date total also reflecting a high level of Q1 survey activity in Colombia. Conducting surveys in Argentina and Guatemala represent significant accomplishments for NXT, as these are both new step-out markets from our initial focus area of Colombia.
NXT has a current awarded contract backlog of US $2.66 million which relates to a 2011 contract for a survey which continues to be planned for Q3 in South Asia. In addition, pursuant to a 2011 Letter Of Intent, an existing repeat client has proposed conducting an additional US $1.0 million survey on a Colombia exploration block, which NXT would aim to add to other potential new survey activity in Colombia and elsewhere in Latin America.
Kin Communications Inc. ("KIN") of Vancouver, BC, Canada has been engaged to assist in expanding NXT's investor and media relations initiatives, and in particular to communicate NXT's growing business opportunities to a wider audience. KIN is one of Canada's leading full-service investor relations firm specializing in small-to-mid-cap resource ventures. They have a proven track record of generating interest in their clients, building an active shareholder base, and solidifying communications that differentiate clients from their peers. KIN will assist in increasing public awareness by managing NXT's corporate communications, marketing endeavours, and help foster productive, ongoing engagement with shareholders, finance professionals, and media contacts. KIN has worked with several of the TSX's top performers and looks forward to helping NXT advance its unique story.
The agreement with KIN, which is subject to approval by the TSX Venture Exchange, is for a term of up to 15 months (subject to review after 4 months), and includes a base monthly retainer of $7,500 plus the grant of 300,000 stock options. These options are granted in accordance with the terms of NXT's Stock Option Plan, and shall have an exercise price of $1.20 per share, will vest over the 15 month term (20% after each three month period) and shall have a five year term to expiry. In the event the contract is not renewed the unvested portion of the options shall be cancelled upon termination.
NXT also wishes to thank Mrs. Sally Elliott for her expertise and professionalism and outstanding efforts over the last six months in building our investor relations program.
NXT also advises that it will be opening the TSX Exchange by "Ringing the Bell" in Toronto on Friday, September 14, 2012. Prior to that event, NXT will host an investor and media conference call on Wednesday, September 12, 2012 at 1:00 PM MST (3:00 PM EST) to discuss results for the 6 month Q2 period ended June 30, 2012, and an extensive update on all areas of our business.
NXT's management invites all interested parties to participate in this call, by using one of the applicable numbers below:
Conference Code: 776268
Participant access code: 5034838 (followed by the "#" key)
1-877-385-4099 (Toll Free Canada & USA)
613-212-4220 Ottawa
514-395-9913 Montreal
604-899-2339 Vancouver
403-232-0994 Calgary
780-421-1483 Edmonton
416-883-0133 Toronto
NXT is a Calgary based company whose proprietary airborne Stress Field Detection ("SFD(r)") survey system provides a proprietary survey method that can be used both onshore and offshore to remotely identify potential hydrocarbon traps and reservoirs. The SFD(r) survey system enables our clients to focus their hydrocarbon exploration decisions concerning land commitments, data acquisition expenditures and prospect prioritization on areas with the greatest potential. SFD(r) is environmentally friendly and unaffected by ground security issues or difficult terrain, and is the registered trademark of NXT Energy Solutions Inc. NXT provides its clients with an effective and reliable method to reduce time, costs, and risks related to exploration.
NXT Executes and Commences Operations On $2.9 Million SFD® Contracts in Latin ... - Canada NewsWire (press release)
| Monday, October 31, 2011 3:12 AM |
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68540245
Found a website for this company:
http://www.nxtenergy.com/
No volume to speak of. Are they doing anything to get the story out?
Thanks for the info. Heard about company from a friend; nice to see a small stock with actual revenue and such ;)
They claim they have a technology that can do 2D seismic from a jet airplane at a fraction of both the cost and time.
They presented at the RedChip conference in New York where I got most of my information.
They signed a half million dollar contract a few weeks back. I'll be looking for more contracts as seems they should be cranking these out left and right if technology is such a breakthrough.
How did you find these guys?
So anyone following this stock? They have what I think is an interesting story but I want to learn more.
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TSX-V: SFD, OTCQB: NSFDF A Canadian Public Company http://www.nxtenergy.com/
SFD® – a Dynamic Approach to Hydrocarbon Prospecting!
NXT’s airborne SFD® survey system enables our clients to focus and optimize their hydrocarbon exploration decisions on manageable, high-graded prospect areas with the greatest potential.
Fast-track the exploration process, and high-grade reservoir prospects with SFD®, the only remote sensing technique which can very rapidly identify trapped reservoirs, on a very cost effective basis.
SFD® is an airborne exploration survey method - this aids in minimizing the overall on-ground impact of exploration activities (seismic line clearing, etc) on both the environment and local communities.
A P R O V E N , I N N O VAT I V E T E C H N O L O G Y F O R
H Y D R O C A R B O N E X P L O R AT I O N
NXT Energy Solutions Inc.
is a service provider to the upstream Oil & Gas Industry:
NXT’s method will identify the best oil and gas prospects
Frontier exploration areas can offer the largest rewards but obstacles surrounding the acquisition of 2D regional seismic can stand in the way of making the best decisions in a reasonable timeframe. Even if you overcome the obstacles, a 2D seismic program is a costly solution. Acquiring conventional gravity and magnetic data provide a preliminary investigation of basement structures and sediment thickness but does not deliver information about reservoir. Optimal placement of seismic can mean the difference between relinquishing a block and drilling a discovery well.
SFD® represents a new generation of airborne geophysical surveys that can identify areas of reservoir potential within the sedimentary column, so you can focus your seismic programs and G&G resources on realizing it.
SFD® deliverables include a report which identifies and ranks areas for trap and reservoir prospectivity. SFD® interpretation results may be gridded to create a prospectivity map. Integration projects will ensure SFD® results are calibrated to existing G&G data.
Bidding Rounds
• While there is no time to acquire seismic prior to bidding, SFD® can evaluate the bid blocks and provide a competitive edge
• NXT has multi-client data available in Canada and Colombia
• Operators have successful utilized SFD® to replace part of their seismic commitment
• Colombia has approved SFD® to be bid for remote sensing commitments
Frontier exploration, licensing and technical evaluation areas
• Identify areas of best reservoir potential to focus seismic acquisition
• Enable decisions on purchasing or relinquishing lands
Re-evaluation of potential in mature areas
• Identify areas with remaining reservoir potential
• Focus resources and data purchase decisions
Lead generation and prospect evaluation
• Equally effective onshore and offshore
• Enables re-evaluation of seismic to envision other types of plays that would normally be bypassed
• Provide independent verification of reservoir potential
• Correlate to known reservoir analogs
• SFD® is equally effective across geologic settings
_________________________________________________________________________________________________________________________________
Survey Design
Each NXT survey is tailored to meet the clients needs.
Extensive joint planning ensures that;
• Grid density matches customer specifications
• Flight lines are created covering analogues
• Geological features (faults, facies changes etc) are taken into account
• These factors ensure both quality of data and comprehensive coverage of target areas and plays. Once completed, NXT provides a map of the planned flights (both hard and soft copies) as well as digital versions of the flight lines to integrate with the customer's software solutions.
Data Acquisition
NXT utilizes multiple Citation 560 series jet aircraft that have been modified to meet our survey requirements. These jets are well suited for international operations as they will provide required flying range. The surveys are flown at high speed (400 km/hr) and at an altitude of between 300-900 meters. Strict procedures are in place to insure the highest standards of safety and security during survey operation. During the data acquisition phase of a survey NXT follows strict flight parameters and vigorous quality controls to ensure the best quality of data. Preliminary results enable quick decisions on additional flight lines for verification or infill. Daily or weekly updates are presented to the customer to be kept abreast of our progress.
SFD Interpretation
Preliminary Interpretation Phase
The interpretation process starts with a blind interpretation so no bias is introduced. All anomalies are identified and ranked during this process.
Template cross-reference Phase
The purpose of this phase is to fine tune the initial interpretation. The integration of geologic knowledge may modify interpretation focus to better identify specific play types. NXT then catalogues all anomalies found in a survey area which are analyzed and turned into leads. Leads are then ranked according to prospectivity.
Customer input
NXT strives to work with our customer's G&G teams to include other geophysical data in the interpretation process.
SFD Integration
The modern explorationist uses numerous tools in the search for oil and gas. It is therefore important to be able to integrate all the outputs from these tools. NXT has years of experience integrating SFD data with other G&G data from prospect locations.
Final deliverables
The end result is a report detailing SFD leads with corresponding templates/analogues. A map showing locations and ranking of all SFD leads is included.
Industry Presentation: http://www.nxtenergy.com/sfd-technology/technical-presentation
Investor Presentation: http://www.nxtenergy.com/investor-relations/nxt-investor-presentation
______________________________________________________________________________________________
NXT’s goal is to continue expanding industry acceptance and use of our proprietary Stress Field Detection (“SFD”) airborne survey technology, and make SFD an integral part of our clients oil & gas exploration programs. Gaining repeat business from existing clients, and building on new case studies which showcase the capabilities of SFD in identifying reservoir prospects in varying geological settings is aiding in achieving this goal.
NXT is currently selling our aerial survey services on a fee for service basis (based on line km of survey data acquired). The business model can also expand to allow NXT the opportunity to generate additional revenue streams by acquiring proprietary speculative (“spec”) data for future resale in new survey regions flown, and participating in the success arising from survey data acquired, by way of:
Our target client base includes all of the major national oil companies (“NOCs”) which hold or take an ownership interest in the majority of unexplored acreage. Many of the NOCs are also active outside of their home country.
Black Goose Holdings | Nexstar Energy |
Blue Parrot Energy | Calpine Canada |
Renaissance Energy | Camwest Exploration |
Encal Energy | Result Energy |
Infinity Oil and Gas | Rosetta Energy |
EcoPetrol | Virtus Energy |
Pacific Rubiales Energy | Hocol S.A |
Board of Directors
NXT’s Board of Directors currently consists of seven members, six of which are non-management, independent directors. The Board members have a diverse business background, and extensive experience with public companies, and with entities involved in oil and gas exploration and production.
NXT’s Board also has four independent Committees whose mandates are to advise the Board on various matters – the Audit, Compensation, Governance, and Disclosure Committees.
Mr. Liszicasz is the inventor of the SFD® technology and has been Chairman and Chief Executive Officer since the Corporation's inception in 1996. He was born in Hungary where he received his degree in Electronics in 1975, and later attended the University of British Columbia, studying physics and general sciences. Mr. Liszicasz is an inventor of a number of novel technologies, including electronic control systems, medical lasers and geophysical instruments.
Mr. Liszicasz’ primary responsibilities as the President and CEO are to oversee all operations and to further develop the SFD® technology. He joined NXT's Board in 1996.
Mr. Abougoush is a professional engineer with over 40 years of experience in the petroleum industry, largely in technical and executive positions. He is currently the chairman of Teknica Overseas Ltd., an international consulting company. He previously was chairman of SQFive Intelligent Oilfield Solutions Ltd., and also served as president of Teknica Petroleum Services Ltd., both international consulting and software development companies. He was formerly a director of CCR Technologies Ltd. and WellPoint Systems, Inc., both of which were public companies listed on the TSX Venture Exchange.
Mr. Abougoush joined NXT's Board in 2007 and is a member of NXT’s Audit and Governance Committees.
Mr. Agee recently retired following a 25+ year career in senior executive positions with various prominent US families, including the Carlson Family in Minneapolis, Minnesota (owners of Radisson, Country Inns and Suites, and TGI Friday's) from 2010 through February 2011, and the Steve Case Family in Washington, DC from 2000 through 2009 (Steve Case is the co-founder of America Online). Mr. Agee also served on numerous private, public, and non-profit Boards, and currently consults part-time in matters related to wealth management and is a CPA (inactive). He is a former director of Maui Land and Pineapple, a New York Stock Exchange listed company
Mr. Agee has a BA in economics and accounting from St. John's University, Collegeville, Minnesota, and a MBA from the University of Minnesota.
Mr. Agee joined NXT's Board in 2011 and is the Chairman of NXT’s Audit Committee, and a member of its Compensation and Governance Committees.
Mr. Selby holds a B. Sc. (Hons) in Chemical Engineering, a J.D. degree and is a registered professional engineer in the Province of Alberta. Mr. Selby is also the Chairman and CEO of Montana Exploration Corp., a TSX-V reporting issuer. He is the president of Caledonian Royalty Corporation and Caledonian Global Corporation, both private entities which are involved in oil & gas exploration and production. He is a former officer (1993 to 2010) of Pengrowth Corporation, which administered Pengrowth Energy Trust, a large North American energy royalty trust.
Mr. Selby has also previously been a director of several other Canadian reporting issuers.
Mr. Selby joined NXT's Board in 2006 is the Chairman of NXT’s Compensation Committee, and a member of its Audit and Disclosure Committees.
Mr. Tilson joined NXT's Board in February 2015.
Mr. Tilson obtained MBA and CFA designations and had a distinguished career as an analyst, portfolio manager, and advisor in the US investment and financial industry with such firms as Sutro & Company and EF Hutton & Company. John joined Roger Engemann and Associates in 1983 when assets under management were roughly US $160 million. During his tenure there, the Pasadena Group of Mutual Funds was started, with Pasadena Capital Corporation formed as the holding company for the mutual funds and investment management business. After working as an analyst and portfolio manager, John later became Executive Vice President & Managing Director of Pasadena Capital Corporation. Assets under management had grown to over US $5 billion by the time the firm was sold to Phoenix Companies in 1997. Mr. Tilson later retired in 2005. Mr. Tilson now resides in Montecito, California, and from 2006-2012 was a member of the Board of Trustees, including three years serving as VP and Chairman of the long-range planning committee, for Lotusland, a Santa Barbara non-profit organization established by Madame Ganna Walska.
Mr. Valentine is a Partner with the Calgary office of Norton Rose Fulbright LLP, and has practiced law, both as a Barrister and a Solicitor, since his call to the Bar in 1987. He is a member of the firm’s Global Resources Practice Group and is involved in energy and energy related matters throughout the Middle East, North Africa, the CIS, Asia and South America. He has extensive experience with international law and projects,
Mr. Valentine's work focuses on oil and gas projects, with an expertise in international LNG projects and developments. Mr. Valentine is a member of the Board of Directors of three other Canadian public companies, Calvalley Petroleum Inc., Veraz Petroleum Ltd., and Touchstone Exploration Inc
Mr. Valentine holds a BA from the University of British Columbia, a LLB from Dalhousie University, and a LL.M. from the London School of Economics.
Mr. Valentine joined NXT's Board in 2007 and is the Chairman of NXT’s Governance Committee, and a member of its Compensation Committee.
Mr. Vathyam is an independent businessman, and was previously (to October 2013) the Chairman and CEO of Petrodorado Energy Ltd., a Colombia focused junior oil and gas exploration and production company which he founded in early 2009. He also has extensive experience in international markets; having spent 23 years with Schlumberger, a leading global oilfield services company.
Mr. Vathyam joined NXT's Board in 2013 and is a member of NXT’s Compensation and Governance Committees.
The Advisory Board of NXT Energy includes geoscientists and other independent professionals whose experience is drawn on to assist in advancing industry awareness and use of the Company’s proprietary Stress Field Detection ("SFD®") aerial survey system.
Dr. George Iusco is based in Madrid, Spain, where he leads the New Ventures Group for Repsol YPF, a major international exploration and production company. He possesses over 30 years of exploration experience in the petroleum industry, and has held senior positions with Gulf Oil, Exxon, and Venezuela’s PDVSA. His extensive international exploration experience includes Venezuela, Mexico, Peru, Ecuador, Colombia, Trinidad, Central America, Argentina, Brazil, Kazakhstan, the Middle East, North Sea, West Africa, Alaska, the US Gulf Coast, and other areas in North America. He is an expert in evaluating complex structural and stratigraphic settings, integrating geophysical and geological technologies in order to detect, rank, and evaluate new prospective areas and formulate new exploration strategies. Mr. Iusco received a M.S. in Geology from the University of Bucharest and a M.S. in Geophysics from the Petroleum Institute in Bucharest, Romania.
Professor Cleveland Jones is currently with the National Oil & Gas Institue of Brazil, in Rio de Janeiro, and is involved primarily with research of innoviate oil & gas exploration technologies, assessment methodologies, and energy policy. He has consulted for international oil and gas companies worldwide, and is a sought-after academic commentator on energy policy issues.
Professor Jones graduated in Physics and Economics from Cornell University (Ithaca, NY), obtained a post-graduate degree in Oil and Gas Engineering, as well as a Masters and Doctoral degree in Geology, from the State University of Rio de Janeiro. Professor Jones is fluent in English, Portuguese and Spanish.
Dr. Arief Budiman is a faculty member with the Mechanical and Manufacturing Engineering Department at the University of Calgary, specializing in mechanics, phase transitions and materials science. He obtained a Ph.D. degree from the University of Toronto and is a Professional Engineer.
He is currently working with NXT in R&D programs to further develop understanding and acceptance of the SFD® technology within the oil and gas industry, including developing mathematical principles to explain and model the interactions between subsurface stress, gravity patterns, and the SFD® system.
George Allen served as Governor of the Commonwealth of Virginia from 1994 to 1998, and as US Senator from 2001 to 2007. Gov. Allen currently is Co-chair of the Competitiveness Initiative for the National Association of Manufacturers, Reagan Ranch Presidential Scholar for the Young America's Foundation, Ambassador of the Ass'n for Passive Optical LAN technology, and serves on several boards, including Armada Hoffler (AHH: NYSE), Nano Risk Assessment, Inc., and the National Ass'n for Jobs and Innovation. In 2009 he launched the American Energy Freedom Center, whose mission includes promoting American jobs, economic prosperity and competition in the development and use of America’s vast energy resources.
_______________________________________________________________________________________________________________________________________(updated as of January 31, 2015) | in millions | |
Common shares - issued and outstanding | 44.8 | |
Convertible Preferred shares (convert on 1:1 basis, mature Dec 31, 2015) | 8.0 | |
Additional shares reserved for exercise of outstanding | ||
Stock Options (average exercise price $1.08) | 3.1 | |
Fully diluted number of shares | 55.9 | |
Directors & Officers / Insiders ownership position | Basic | 19 % |
Fully Diluted | 32 % | |
Debt outstanding | $ nil |
The convertible preferred shares are non-interest bearing, non-voting, and were issued in 2005 pursuant to the utilization of and acquisition of the SFD technology.
-V: SFD, OTCBB: NSFDFNXT may be followed by various investment community Analysts who periodically publish their coverage of NXT. Readers are cautioned that the following information regarding independent Analysts is provided as a service only. NXT believes but does not guarantee that the list of analysts is comprehensive. All of the analyst contact information has been posted with permission. Please feel free to contact them directly for information.
Name And Company | Email and Website | Analyst Phone # |
---|---|---|
Raveel Afzaal, CFA | rafzaal@mackieresearch.com | 416-860-7666 |
Mackie Research Capital Corporation |
Any opinions, estimates or forecasts made by Analysts regarding NXT's past, present or future performance are those of the Analysts alone, and may not necessarily reflect all facts or changes in circumstances. NXT does not by the reference herein imply its endorsement of or concurrence with such information, conclusions or recommendations.
NXT RECEIVES AWARD OF A NEW SFD® CONTRACT OF US $13 MILLION CALGARY, ALBERTA, April 16, 2015 -
Forward-Looking Statements
This news release may include forward-looking statements. When used in this document, words such as “intends”, “plans”, “anticipates”, “expects” and “scheduled”, are forward-looking statements. Forward-looking statements are subject to a wide range of risks and uncertainties, and although the Company believes that the expectations represented by such forward-looking statements are reasonable, there can be no assurance that such expectations will be realized. Any number of factors can cause actual results to differ materially from those in the forward-looking statements. Risk factors facing NXT are described in its most recent MD&A for the year ended December 31, 2013 which has been filed electronically by means of the System for Electronic Document Analysis and Retrieval ("SEDAR") located at www.sedar.com. Such forward-looking statements are made as at the date of this news release, and the Company assumes no obligation to update or revise them, either publicly or otherwise, to reflect new events, information or circumstances, except as may be required under applicable securities law.
For further information contact:
Greg Leavens, VP Finance & CFO | George Liszicasz, President & CEO |
NXT Energy Solutions Inc. | NXT Energy Solutions Inc. |
Tel: (403) 206-0805 | Tel: (403) 206-0800 |
Investor Relations |
KIN Communications Inc. |
(604)684-6730 / 1-866-684-6730 |
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the OTC Exchanges accept responsibility for the adequacy or accuracy of this release.
_______________________________________________________________________________________________________________________________________
Contacts:
NXT Energy Solutions Inc.
505 - 3rd Street, S.W., Suite 1400
Calgary, Alberta Canada T2P 3E6
Phone: (403) 264-7020
Fax: (403) 264-6442
Email: nxt_info@nxtenergy.com
Transfer Agent & Shareholders Registrar
Computershare Trust Company of Canada
(formerly Olympia Trust Company)
Suite 600, 530 - 8th Avenue SW
Calgary, Alberta Canada T2P 3S8
Phone: (403) 267-6800
Fax: (403) 267-652
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