NXT Energy Solutions Inc.
0.3100+0.00 (+0%)
Oct 29, 4:00:00 PM EDT · OTC Markets OTCQB · NSFDF · USD
Key Stats
Market Cap
33.78MP/E (TTM)
-Basic EPS (TTM)
-0.04Dividend Yield
0%Recent Filings
8-K
Shareholder meeting set
Energy Exploration Technologies Inc. announced its Annual and Special Meeting of Shareholders for September 28, 2006, at 3:00 pm in Calgary, Alberta. The record date for notice and voting is August 28, 2006, covering common shares. This routine filing under Regulation FD signals standard governance updates. No other material events disclosed.
8-K
Foreign issuer reporting shift
Energy Exploration Technologies Inc. announced on August 14, 2006, that it will file SEC reports on Forms 20-F and 6-K starting with its quarterly for the period ended June 30, 2006, as permitted for foreign private issuers. This shift aligns with its Alberta, Canada incorporation. Compliance eases reporting burdens. No financial impacts disclosed.
8-K
Auditor change announced
Energy Exploration Technologies Inc. parted ways with its auditor Deloitte & Touche LLP on June 23, 2006, after Deloitte declined reappointment for the fiscal year ending December 31, 2006. No disagreements arose on accounting principles, disclosures, or audit scope in the prior two years, and Deloitte's reports for 2004 and 2005 were unmodified except for going-concern doubts. The board didn't initiate the switch. No new auditors engaged yet.
8-K
NXT signs SFD survey contract
Energy Exploration Technologies Inc. signed a contract on June 23, 2006, to conduct an SFD Survey for a Canadian intermediate oil and gas producer, who will participate at 50% in a prior survey deal. NXT will receive a Cdn $1.2 million fee plus a Gross Overriding Royalty Interest on productive lands, with operations starting July 17, 2006, over 5,000 square kilometers in the Western Canadian Sedimentary Basin. This North American deal highlights NXT's quick, affordable evaluation of large tracts. Yet risks like oil price volatility loom.
10-Q
Q1 FY2006 results
Energy Exploration Technologies posted a narrower Q1 operating loss of $644K, down 60% year-over-year, as administrative costs dropped sharply to $599K from $1.1M amid lower consulting fees, while depletion eased to $30K from $504K. Oil and gas revenue ticked up 9% to $12K from a modest Canadian well, but survey support costs rose to $12K on test flights. Net loss widened to $728K from $1.6M, with the gap to operating loss tied to $80K convertible debenture interest. Cash dipped to $625K, with operations burning $448K; a $209K CEO note at 7% matures April 2027, and $2.1M post-quarter placements bolster liquidity. Yet currency swings hammered comprehensive loss to $800K. Losses persist. Legal claims linger.
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