NXT Energy Solutions Inc.

NSFDF | OTC | CIK: 0001009922 | SIC: 1382 Oil & Gas Field Exploration Services | active
Calgary, Alberta | Founded: 1994
NXT Energy Solutions Inc. (formerly Energy Exploration Technologies Inc.) is a technology company that uses its proprietary airborne Stress Field Detection (SFD) Survey System for oil and gas exploration. The SFD system remotely identifies subsurface structural anomalies associated with potential hydrocarbon traps. NXT provides SFD survey services to oil and gas clients for a fee, including fixed monetary components and/or Gross Overriding Royalties, and also sells identified Prospect Areas to clients.
oil-and-gas-explorationairborne-survey-servicesfasb-2-accounting-for-research-and-development-costs

Products

NameTypeDescription
SFD Survey SystemhardwareAirborne remote-sensing survey technology using SFD sensors and integrated data acquisition, conditioning, processing, and interpretation subsystems to identify oil and gas prospect areas.
SFD Data Interpretation SoftwaresoftwareCustomized software used in the SFD data acquisition system, written and modified by outside consulting programmers.

Partnerships

PartnerTypeDescription
George LiszicaszlicensingAmended and Restated Technical Service Agreement executed December 31, 2005, securing Liszicasz's SFD technology expertise and know-how for 10 additional years.
GLJ Petroleum Consultants Ltd.strategicConducted independent review and verification of NXT's SFD survey results, releasing a report in December 2005 to demonstrate commercial value of the technology.

SEC Filings

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Origin — Data Provenance
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