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Old 08-30-2012, 11:56 AM   Nav to Top  #1
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Default NXT Energy Solutions Inc. (SFD.V) Announces Granting of Incentive Stock Options

NXT Energy Solutions Inc. (SFD.V) Announces Granting of Incentive Stock Options


NXT Announces Granting of Incentive Stock Options

Calgary, Alberta CANADA, July 25, 2012 /FSC/ - NXT Energy Solutions Inc. (SFD - TSX Venture, NSFDF - OTCQB),("NXT" or the "Company") advises that it has granted a total of 830,000 incentive stock options ("options") to directors and officers of the Company. These options are granted in accordance with the terms of NXT's Stock Option Plan, and shall have an exercise price of $0.86 per share, will vest over a three year period (one third on each of the first, second and third anniversaries from grant date) and shall have a five year term to expiry. This grant includes a replacement of a total of 370,000 options that were held by directors and officers of NXT which expired in early 2012. In addition, certain directors of the Company have agreed to surrender for cancellation an aggregate of 140,000 options which were exercisable at $0.63 per share.

NXT also advises that it is terminating its agreement with Sally Elliott, who has been providing Investor and Public Relations advisory services since December 2011.

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.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The company's securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States unless an exemption from such registration is available.

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 a forward-looking statement 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.

For further information, please contact:
Greg Leavens,
V-P Finance & CFO
NXT Energy Solutions Inc.
Tel: (403) 206-0805 gleavens@nxtenergy.com
www.nxtenergy.com

George Liszicasz,
President & CEO NXT Energy Solutions Inc.
Tel: (403) 206-0800
george@nxtenergy.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor NASDAQ OTCBB Exchanges accept responsibility for the adequacy or accuracy of this release.

To view this press release as a webpage, please click on the following link:
http://www.usetdas.com/pr/nxt07252012.htm
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Old 09-04-2012, 10:36 AM   Nav to Top  #2
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Default NXT ( SFD.V ) Announces Profitable Q2 and Record 2012 YTD Financial Results and Inves

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.
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Old 09-12-2012, 08:32 AM   Nav to Top  #3
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Default NXT Secures US $4.73 Million SFD(R) Survey Contract With Petroleos Mexicanos ("PEMEX"

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 Petrolēos 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
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Old 09-20-2012, 08:44 AM   Nav to Top  #4
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Default NXT (SFD.V) Finalizes US $4.73 Million PEMEX Contract, Initiates New Survey in Belize

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 Petrolēos 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".
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Old 10-04-2012, 08:55 AM   Nav to Top  #5
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Default NXT (SFD.V) Announces US $1.04 Million Expansion of Survey Contract for Petroleos Mex

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.
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Old 10-19-2012, 04:20 PM   Nav to Top  #6
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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.
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Old 11-05-2012, 01:09 PM   Nav to Top  #7
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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 Petrolēos 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.
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Old 11-13-2012, 09:54 AM   Nav to Top  #8
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Default IntelGenx (IGX.V) Reports Third Quarter 2012 Results and Highlights Recent Developmen

IntelGenx (IGX.V) Reports Third Quarter 2012 Results and Highlights Recent Developments


SAINT LAURENT, Quebec, Nov. 13, 2012 (GLOBE NEWSWIRE) -- IntelGenx Technologies Corp. (TSX-V:IGX) (OTCQX:IGXT) ("IntelGenx") today announced financial results for the three and nine month periods ended September 30, 2012 and highlighted recent business developments. All amounts are in U.S. dollars, unless otherwise stated.

"We are very excited that our first FDA-approved product, Forfivo XL™, has been launched in the USA in early October by our partner Edgemont Pharmaceuticals. We believe that ForFivo XL™, as the only single tablet 450mg bupropion HCl available in the U.S., will be a valuable tool for physicians in their management of patients with major depressive disorders," stated Dr. Horst G. Zerbe, President and CEO of IntelGenx. "In addition, following the positive pivotal bioequivalence results announced last quarter for our anti-migraine VersaFilm product, we are pleased to confirm that a recent pre-NDA meeting with FDA confirmed that we remain on track to file our 505(b)(2) NDA submission in the first quarter of 2013. This product, along with our Par project, is our top pipeline priority for the immediate future."

Recent Developments:

Forfivo XL™

Subsequent to the end of the third quarter, on October 9, 2012 we announced the commercial launch of Forfivo XL™ in the USA.

Forfivo XL™ is indicated for the treatment of Major Depressive Disorder (MDD) and is the only extended-release bupropion HCl product to provide a once-daily, 450mg dose in a single tablet. The active ingredient in Forfivo XL is bupropion, the same active ingredient used in the well-known antidepressant product: Wellbutrin XL®. Until now, patients in the US requiring a 450mg dose of bupropion HCl have been taking multiple tablets to achieve their 450mg dose requirement. With Forfivo XL™ now available in the US, these patients can simplify their dosing regimen to a single Forfivo XL tablet, once-daily.

Forfivo XL™ was developed by IntelGenx and is the Company's first U.S. Food and Drug Administration ("FDA") approved product, approved by the FDA on November 10, 2011. Forfivo XL™ is being marketed in the United States under the terms of a license agreement between IntelGenx and Edgemont Pharmaceuticals. The commercialization of Forfivo XL™ triggers launch-related milestone payments for IntelGenx of up to $4.0 million, and additional milestones upon achieving certain sales and exclusivity targets of up to a further $23.5 million. IntelGenx will also receive tiered double-digit royalties on net sales of Forfivo XL™.

Anti-migraine VersaFilm (rizatriptan)

Subsequent to the end of the third quarter, on November 8, 2012 we announced the successful conclusion of a pre-New Drug Application ("NDA") meeting with the U.S. Food and Drug Administration ("FDA") related to our novel oral thin-film formulation of Rizatriptan, the active drug in Maxalt-MLT® orally disintegrating tablets.

The purpose of the meeting was to confirm the adequacy of the clinical, non-clinical and CMC data for the Company's proposed 505(b)(2) NDA submission, which we intend to file in the first quarter of 2013, as previously announced.

Maxalt-MLT® is a leading branded anti-migraine product manufactured by Merck & Co. According to Merck's most recent annual report, sales of Maxalt® grew 16% to $639 million in 2011. Our thin-film formulation of Rizatriptan has been developed in accordance with the co-development and commercialisation agreement with RedHill Biopharma Ltd. (TASE:RDHL) using IntelGenx' proprietary immediate release "VersaFilm" drug delivery technology.

Financial Results:

We had cash of $2.8 million as at September 30, 2012, which represents a decrease of approximately $0.7 million from our cash position of $3.5 million as at December 31, 2011 and is $0.4 million below our cash position of $3.2 million at the end of June 2011. In the first nine months of 2012 we used cash of $1.8 million and $0.2 million for operating activities and investments respectively, which was partly offset by the generation of $1.0 million in cash from changes in assets and liabilities, together with $0.3 million in cash from the exercise of warrants.

Revenue and other income was $0.1 million in the first nine months of 2012, compared with $0.1 million in the first nine months of 2011.

Total expenses were $2.0 million in the first nine months of 2012, compared with $1.9 million in the same period of 2011.

The net loss was $1.8 million in the first nine months of 2012, compared with $1.8 million in the first nine months of 2011, and the basic and diluted loss per share of $0.04 in the first nine months of 2012 is equal to the basic and diluted loss per share in the same period of 2011.

About IntelGenx:

IntelGenx is a drug delivery company focused on the development of oral controlled-release products as well as novel rapidly disintegrating delivery systems. IntelGenx uses its unique multiple layer delivery system to provide zero-order release of active drugs in the gastrointestinal tract. IntelGenx has also developed novel delivery technologies for the rapid delivery of pharmaceutically active substances in the oral cavity based on its experience with rapidly disintegrating films. IntelGenx' development pipeline includes products for the treatment of severe depression, hypertension, erectile dysfunction, benign prostatic hyperplasia, migraine, insomnia, idiopathic pulmonary fibrosis, allergies and pain management. More information is available about the company at www.intelgenx.com.
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Old 12-07-2012, 08:41 AM   Nav to Top  #9
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Default IntelGenx (IGX.V) Grants Stock Options

IntelGenx (IGX.V) Grants Stock Options


SAINT LAURENT, Quebec, Dec. 7, 2012 (GLOBE NEWSWIRE) -- IntelGenx Technologies Corp. ("IntelGenx") (TSX-V:IGX) (OTCQX:IGXT) announced today that the Company's board of directors granted options to acquire 55,000 common shares effective December 4, 2012. All options were granted under the 2006 Stock Option Plan as amended, with an exercise price of C$0.60 and expire in five years. All options vest over a period of two years at the rate of 25% every six months.

Of the total stock options granted, 30,000 were granted to the CEO and President, Horst G. Zerbe and 25,000 to the CFO, Paul A. Simmons.
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